Originally posted by dmichie:
err.. It was a tongue in cheek reference to this gem
Sorry, missed that one. I was struck down with the ‘flu yesterday, and I’m a bit slow on the uptake today. Perhaps God is punishing me for not being positive enough?

Or Maybe God missed…..[biggrin]

See Change

Chat Room ?

See Change

Rob

Intesting to note that you don’t state here that you got banned as a result of a bet.

To Quote you

I rejoined as a bet. Another member wanted to know if I would get the boot within a week again without swearing or directly abusing anyone after some comments I made here. I thought I was a certainty to win. I lost as it took a few days too…[Read more]

Again this post just reinforces the reason why you were kicked off.

You wern’t interested in somersoft and it showed.

You were just interested in stirring people and wining your bet.

The swannies lost , but they wern’t the only losers yesterday.

See Change

Quote:
Originally posted by The Mortgage Adviser:
Sea Change, tell your mates over at Somersoft that I appreciate their accepting me back and the ’24 hour’ poll that was to be undertaken on whether I should be allowed to stay or not. That lasted all of ten minutes.

They are way too sensitive over at Somersoft!!!!

I have lost what little…[Read more]

Originally posted by Mortgage Hunter:
SC,

The recent course I did made no mention of living off equity. He discussed keeping equity and living off portfolio income.

Simon Macks
Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or…[Read more]

Originally posted by The Mortgage Adviser:
The problem with Somersoft is that there is a ‘group’ mentality. If you disagree with someone in the ‘group’ you have no future there. You get bombarded by all those in the ‘group’ until you leave, cease posting or get banned for a ridiculous reason.

Robert Bou-Hamdan
Mortgage Adviser

[

Rob

The only…[Read more]

Originally posted by The Mortgage Adviser:

As you may know, I ignored you over at Somersoft and I am disappointed that I cannot do the same here (that I know of). I will just endeavour to ignore all future posts you make.

[purple]The Mortgage Adviser

It’s easy to ignore someone when you want to,

You just don’t reply to them [biggrin]. But…[Read more]

Originally posted by The Mortgage Adviser:
See, just as you do not consider managed funds to be shares, I do not consider principal repayments to be income.

I would not submit a loan in this way.

It seems Rolf implied the lenders did not pick up on the principal repayments and were just looking at payments going into bank accounts or through…[Read more]

Originally posted by Mortgage Hunter:
Or use it to support a LODOC….

Simon Macks
Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Rolf said that was also his preferred…[Read more]

Rob

I asked the broker that I use ( Rolf Latham ).

He said that in the past Westpac, Bank of Queensland and Homeside have come to the party in the past.

He thinks most lenders are way too thick to realise the difference between capital return and dividend paid…..

See Change

Originally posted by The Mortgage Adviser:
Even in that situation, the majority of the $23,000 is a principal repayment which does not belong to the the individual. It has to be repaid to the lender. It is still ludicrous!

The Mortgage Adviser
http://www.themortgageadviser.com.au
[purple]

I havn’t used cash bonds but know people who have used them…[Read more]

I don’t use Steve’s Strategy , however I have several friends ( from Somersoft ) who have used elements of his strategy with good effect.

I personally disagree with his ” Overall Strategy ” ( mainly living off equity ) but again I can see that I might use elements of his approach further down the line.

Up to now I haven’t had any problems with…[Read more]

Leanne

The first thing to be aware of , is that you don’t need to rush. The market has just been through a major boom and in most places has reached the top of the cycle and in many ( certainly in sydney ) prices are coming down.

It’s more important to buy the right property than any property, and I know more people downsizing their portfolios’s…[Read more]

All the people who I know who plan to do it “live ” over at somersoft where there have been some heated posts in the past.

See Change

I’m not going to get into an indepth discussion of something I don’t intend to follow ( Living off equity ) , but I do know of a couple of people who have used cash bonds to good effect in the last property cycle. These were people who had lots of equity but were told by their finance providors that they had reached their servicability…[Read more]

Steve Navra is certainly the most articulate proponent of living of equity around, though personally it’s not something I plan to use.

However Steve Navra covers more than just this, he’s a very genuine person ( must be something about the name Steve ) , and his course is well worth doing for anyone who is serious about investing ( not just in…[Read more]

Dazzling

Congrats on your success.

Sounds like a well positioned property.

Would be curious to know ( if you’re happy to )what sort of n return this will generate.

See Change

Robert

I don’t thing that posting a link to a newspaper article on this forum is going to have much impact on the state of the Australian Property market.

If any individuals decision to buy or sell based on the impact of reading one article , then they probably don’t know what they’re doing and shouldn’t be buying anyway.

I think that it’s…[Read more]

Originally posted by The Mortgage Adviser:
Originally posted by dmichie:

Well, I don’t know about other parts of the country, but where I am (northern beaches, Sydney) we had an auction clearance rate of 7% last weekend (no, not 70%, 7%). I’d hardly call that ticking along.

EXACTLY!!!

The situation on the Northern Beaches is not an economic…[Read more]