What is the current state of the US particularly with what has happened to Detroit?

Highly recommend Shahin who posts in the forum – he has just financed our third purchase. He is based in Sydney but not sure exactly where.

I contacted AAMI and they were not able to help. GIO are sending me a quote. I think I will just go with them.

Thanks Jacm!

Hi Guys,

Just a quick update – firstly a big thank you to this site and Shahin as I was able to get finance for the property.

I spoke to Shahin and we he submitted the application as a residential application and the valuation came back ok. We are now waiting for the documents to be sent out. Also the agent has told me that he had another buyer…[Read more]

Thanks Shahin!

Wow thanks Shahin.

Yes there are recent sales – there were 3 properties that sold recently that were quite similar. Yes the houses are self contained and we are using them as part of the application.

I'm not sure I want to go back to my broker based on the above!

Hi Guys,

Thanks for the quick response. We purchased the property for $620,000 and the LVR is 90-95%. They are individual houses and the property is within 15 km of Perth CBD.

What's your thoughts?