PropertyInvesting.com | Yossarian | Activity https://www.propertyinvesting.com/members/yossarian/activity/ Activity feed for Yossarian. Sat, 11 Apr 2026 20:50:31 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 be8627367bec38b8b7c06d388b419e6c Yossarian replied to the topic Low valuation in the forum Help Needed! https://www.propertyinvesting.com/topic/4408795-low-valuation/page/2/#post-4687019 Fri, 22 Feb 2013 06:36:31 +0000 What we know to a certainty is that someone estimated the market value in January to be $375K and that the actual market value was established by you 7 months later at $280K.

Why do you think, given the above, the January valuation has any relevance at all?

]]> c307209b21dd77890f8a2d38f163a751 Yossarian replied to the topic Whats your experience in obtaining finance. in the forum Finance https://www.propertyinvesting.com/topic/4408614-whats-your-experience-in-obtaining-finance/#post-4685537 Fri, 22 Feb 2013 05:16:30 +0000 Oddly enough, credit scoring is entirely rational, which is why it works.

Certain variables, alone or in concert with others, prove to be reliable predictors of  a loan defaulting. They change and are changed over time but the bottom line is they are better at predicting default than people are.

Telephone numbers are a case in point.…[Read more]

]]> cb843213b5c955d47bd7038633c3c7d5 Yossarian replied to the topic Low valuation in the forum Help Needed! https://www.propertyinvesting.com/topic/4408795-low-valuation/page/2/#post-4687016 Fri, 22 Feb 2013 04:44:05 +0000 Paid $280K.
Minor reno.
Values up at $320K

Doesn't seem unreasonable to me.

It's always worth noting that the value you NEED has no bearing on the value IT IS.

Just sayin' 

]]> a4d6ae8eb2ef88f22c02394c093023f0 Yossarian replied to the topic Valuers in the forum Help Needed! https://www.propertyinvesting.com/topic/4407070-valuers-2/#post-4673350 Tue, 10 Jul 2012 10:29:13 +0000 Short version: I’ve been trying – with limited success – to game the system around valuations and thought a barely coherent rant would make me feel better.

]]> 0fe2b14d2127474223bb21de85ee0ec1 Yossarian replied to the topic Accessing equity after buying BMV in the forum Finance https://www.propertyinvesting.com/topic/4407045-accessing-equity-after-buying-bmv/#post-4673147 Tue, 10 Jul 2012 04:09:53 +0000 John Maxwell wrote:
I’m not going to argue with you Yosarian… You might want to look into it further, I was a Mortgage Broker for 11 years, mostly dealing with Non- Bank Lenders but my first paragraph is correct.

In my second and third paragraphs U am referring to Option agreements. The Option agreement allows us to nominate the buyer and the…[Read more]

]]> 0c0f9d9b063102d04e7208b3ba1509b4 Yossarian replied to the topic Accessing equity after buying BMV in the forum Finance https://www.propertyinvesting.com/topic/4407045-accessing-equity-after-buying-bmv/#post-4673144 Mon, 09 Jul 2012 10:29:04 +0000 Your first paragraph is wrong.

Your second and third paragraphs appear to suggest the amount represented in the contract for sale is not the genuine amount of the sale. Can you explain how this is not an obvious attempt to misrepresent the transaction to the lender.

]]> 48a76b27e3de2c1c651b9aa86df621c6 Yossarian replied to the topic QLD has quiently changed the law so they own ALL land to evenutally end Australian's property rights. in the forum General Property https://www.propertyinvesting.com/topic/4406729-qld-has-quiently-changed-the-law-so-they-own-all-land-to-evenutally-end-australians-property-rights/#post-4670995 Wed, 13 Jun 2012 08:01:46 +0000 Boshy888 wrote:
Has anyone else heard about the changes to the law relating to land ownership that now makes all land in QLD the property of the government – over and above private ownership?  To change this law they first had to move the Governor General's position 'sideways' so he/she now works for the government and pretty much rubber stamps…[Read more]

]]> 66ca252bd368e0374d989d7dbfd10a92 Yossarian replied to the topic How to break a fixed rate exit fees in the forum Michael, You are https://www.propertyinvesting.com/topic/4406707-how-to-break-a-fixed-rate-exit-fees/page/3/#post-4670843 Wed, 13 Jun 2012 07:55:05 +0000 Michael,

You are endeavouring to pass yourself off as an expert in a field you clearly have limited knowledge of.

Exit fees are what the legislation say they are. No more. No less.

I hope you are not taking money from people in return for your “services” as they will clearly lose their money.

]]> fbf6bb211de4537a0167102265880e3f Yossarian replied to the topic Mortgage break cost nullification - When? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403047-mortgage-break-cost-nullification-when/#post-4643631 Mon, 14 Mar 2011 06:16:47 +0000 Worth remembering:

It isn’t retrospective and only applies to new loans from 1 July.
It doesn’t apply to economic loss associated with breaking a fixed rate

]]> 4dff24992c2fa61fccc041afd6943f5f Yossarian replied to the topic List of financiers to be very wary of. in the forum Opinionated! https://www.propertyinvesting.com/topic/4402006-list-of-financiers-to-be-very-wary-of/#post-4636993 Tue, 22 Feb 2011 10:33:52 +0000 AIF QLD wrote:
Couple more for you guys.These guys are predominately associated with commercial finance front however i'm sure they would do smaller loans as well.Recently we have had the delight of dealing with a company called Finance Solutions Australia (FSA) through a recommendation. Scott Wyllie is the main front for this organisation whom…[Read more]

]]> 305794223dae982b327193a301bc4de6 Yossarian replied to the topic Positive Credit Ratings - Will you make the Grade? Financial Review article in the forum Finance https://www.propertyinvesting.com/topic/4399646-positive-credit-ratings-will-you-make-the-grade-financial-review-article/#post-4622921 Wed, 28 Apr 2010 03:42:33 +0000 Banker wrote:
OK Yoss, so it is positive reporting however as I've said this has been happening in commercial for a long time. On Dunn and Brad Street you can get all sorts of info on a client including but not limited to: annual turnover, number of staff, term with existing bank, major suppliers / customers etc. Is this not positive…[Read more]

]]> 471a04e1dda837cac7b0ecd9729e30f1 Yossarian replied to the topic Positive Credit Ratings - Will you make the Grade? Financial Review article in the forum Finance https://www.propertyinvesting.com/topic/4399646-positive-credit-ratings-will-you-make-the-grade-financial-review-article/#post-4622919 Tue, 27 Apr 2010 05:41:18 +0000 Banker wrote:
Hi Yoss, I think it's getting a bit off the topic re who was in the crowd / who was on the field – the post relates to an article on risk grading by the banks. My point being that the banks have already adopded changes in response to Basel (amongst other things). NAB specifically changed equity risk grades from A to D to A to J.…[Read more]

]]> a561917adc08aaf378dd9da2d94f8e49 Yossarian replied to the topic Positive Credit Ratings - Will you make the Grade? Financial Review article in the forum Finance https://www.propertyinvesting.com/topic/4399646-positive-credit-ratings-will-you-make-the-grade-financial-review-article/#post-4622917 Mon, 26 Apr 2010 01:27:40 +0000 Banker wrote:

Yossarian wrote:
Hmmm."Banker" , the Basel (not BASIL or BASAL) accords (I and II) are the recommendations on the Basel Committe on Banking Supervision. Central banks and regulatory  bodies are represented, not "actual" banks.

I thought I did pretty well with spelling given it was all on the phone… Basil, Basal or Basel – y…[Read more]

]]> 93eb286ae7a7db993733aef349ccf511 Yossarian replied to the topic Low Doc Loan Questions in the forum Finance https://www.propertyinvesting.com/topic/4399631-low-doc-loan-questions/#post-4622836 Mon, 26 Apr 2010 01:18:06 +0000 Banker wrote:

Yossarian wrote:

Banker wrote:

blackhotel wrote:
Imagine a bank like that!

Sounds nice in theory. The biggest cause (in my opinion) to the financial crisis in the US was and still is non-recourse lending. Most loans are and were non-recourse which means if the bank sells the property for 300k and you owe them 400k – you are…[Read more]

]]> 592d33e2eecc7400c4e138ea2bb4f5be Yossarian replied to the topic Low Doc Loan Questions in the forum Finance https://www.propertyinvesting.com/topic/4399631-low-doc-loan-questions/#post-4622834 Sun, 25 Apr 2010 11:33:55 +0000 Banker wrote:

blackhotel wrote:
Imagine a bank like that!

Sounds nice in theory. The biggest cause (in my opinion) to the financial crisis in the US was and still is non-recourse lending. Most loans are and were non-recourse which means if the bank sells the property for 300k and you owe them 400k – you are not liable for the 100k difference.…[Read more]

]]> c85fe6a3d6d376f3bd6578fb6810ef65 Yossarian replied to the topic Positive Credit Ratings - Will you make the Grade? Financial Review article in the forum Banker wrote:*snip*Banks https://www.propertyinvesting.com/topic/4399646-positive-credit-ratings-will-you-make-the-grade-financial-review-article/#post-4622914 Sun, 25 Apr 2010 11:20:25 +0000 Banker wrote:
*snip*Banks before BASIL (Basal is a bank term for when banks around the world met is Basil to establish a universal approach to risk grading etc). *snip*

 Hmmm."Banker" , the Basel (not BASIL or BASAL) accords (I and II) are the recommendations on the Basel Committe on Banking Supervision. Central banks and regulatory  bodies ar…[Read more]

]]> a5c25a12feeca0696fb6fdd7f0b25c33 Yossarian replied to the topic Any advice on buying a Townhouse that is 'Close to being finished'? in the forum General Property https://www.propertyinvesting.com/topic/4397556-any-advice-on-buying-a-townhouse-that-is-close-to-being-finished/#post-4610415 Thu, 25 Feb 2010 00:18:52 +0000 Probably too late but i would strongly recommend avoiding Bathla Investments, Universal Property Group or any of their associate entities.

]]> 56fa761f1bd2a462d443639d4ae27eed Yossarian replied to the topic Home approval Query... in the forum Help Needed! https://www.propertyinvesting.com/topic/4398472-home-approval-query/#post-4615329 Fri, 22 Jan 2010 06:55:03 +0000 Your bank's issue is that they haven't "declined" finance. I presume they are happy to do it at 85% with LMI, so I can understand their reluctance to put something in writing to suggest otherwise.

]]> 8bdcd53bd9dc0f54a15355cbeb529823 Yossarian replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/2/#post-4609612 Wed, 25 Nov 2009 09:08:38 +0000 kum yin lau wrote:
Hi, is this Australia you're talking about? Property prices have been flat for 3 years? Where oh where? Can you name some suburbs please? I'm under the impression that even a hole in the ground has gone up in price. My PM actually said that someone might need it for a rubbish tip. And he's right. The holes in Wingfield have…[Read more]

]]> 06d4686a9e0ddbb21c052507743eeb22 Yossarian replied to the topic Help, please in the forum Finance https://www.propertyinvesting.com/topic/4397212-help-please-18/page/2/#post-4608910 Sun, 18 Oct 2009 09:20:23 +0000 Hopeful1 wrote:
Hi crjBefore I answer, thanks to Kylie for your advice and suggestions.Of course Yossarian I have taken the advice on board. That is why I started this in the first place. I wanted advice not criticism. Does anybody get themselves into this position by choice? We have found ourselves at this point, because we trusted a broker w…[Read more]

]]> 9c202a12aa2743a1ebf71d412c4c6bf8 Yossarian replied to the topic Lifecorp in the forum Help Needed! https://www.propertyinvesting.com/topic/4395565-lifecorp/page/2/#post-4600189 Sun, 18 Oct 2009 09:10:13 +0000 volitans wrote:
OK, its been a while but here is an update on MY dealings with Lifecorp – THIS NOT A RECOMMENDATION JUST MY OPINIONS AND A FACTUAL ACCOUNT OF WHAT HAS HAPPENED.2 days ago I settled on a property shown to me by Lifecorp. EVERYTHING they have spoken of has rung true though I am yet to receive the cashback (that many devlopers offer…[Read more]

]]> 27e73ccd559a9d1655ba7af754397e3c Yossarian replied to the topic Asset Rich Income Poor Borrowing Methods in the forum Finance https://www.propertyinvesting.com/topic/4397272-asset-rich-income-poor-borrowing-methods/#post-4609158 Sat, 19 Sep 2009 05:04:51 +0000 mrstinky wrote:
Thanks Richard….I have  capital resources & property equity and can service potential future borrowings with potential rental earnings.. problem is acquiring upfront outlay to purchase.. without a (current) established income. I've read of someone in these forums being able to borrow utilizing only their assests as securi…[Read more]

]]> 600884869e324267cebc5e37057b3c4e Yossarian replied to the topic Help, please in the forum Finance https://www.propertyinvesting.com/topic/4397212-help-please-18/#post-4608897 Thu, 17 Sep 2009 11:25:51 +0000 Hopeful1 wrote:
Thankyou for that suggestion Erik and also for the encouraging comments about giving it a go. How easy is it to get a private loan and what sort of interest and payback time would we be looking at? Most people here seem to think that we just want to borrow money to pay debt. That isn't really what we want to do, we are in the s…[Read more]

]]> 968255cafb4e2a860146aca5b7544f9f Yossarian replied to the topic Help, please in the forum Finance https://www.propertyinvesting.com/topic/4397212-help-please-18/#post-4608893 Wed, 16 Sep 2009 09:36:25 +0000 Your strategy appears to have been based on the assumption that you cold access equity (create further debt) to meet your commitments.Your bank is giving you temporary relief to allow time to prove your can service the loan from income.Using debt to service debt, in spite of the advice of the books and the spruikers, is not a sustainable model.You…[Read more]

]]> 4174b55bfda54da9c9735ad5c9084e79 Yossarian replied to the topic Loan type for buy/sell strategy in the forum Finance https://www.propertyinvesting.com/topic/4396661-loan-type-for-buysell-strategy/#post-4606194 Sat, 11 Jul 2009 12:24:39 +0000 Michael,Context best before making the statement rather than afterwards ;)BTW and as a suggestion, unless you are associated with the The Mortgage Detective and/or other businesses with a smilar name, might be wise to use something else as your handle

]]> bdef26934c422b8b9608ef2c73bab8db Yossarian replied to the topic how does tax deduction work? in the forum Finance https://www.propertyinvesting.com/topic/4396637-how-does-tax-deduction-work/#post-4606052 Sat, 11 Jul 2009 06:21:28 +0000 duckster wrote:
However you should not purchase an investment property based on a tax deduction.

Ne'er a truer word was said.

]]> e4a7de841fdad66a11623b4d8daeec27 Yossarian replied to the topic Need your finance expertise.... in the forum Finance https://www.propertyinvesting.com/topic/4396615-need-your-finance-expertise/#post-4605922 Sat, 11 Jul 2009 06:15:53 +0000 michael k2 wrote:
*snip* Depending upon your own personal situation, a LowDoc lending option could possibly provide you with the finance you require. Of course certain requirements are needed in order to obtain LowDoc finance.Regards.

…an income, for example.

]]> 3ed515e0d97df874bc7126c8bbb4ef71 Yossarian replied to the topic Loan type for buy/sell strategy in the forum mortgagedetective https://www.propertyinvesting.com/topic/4396661-loan-type-for-buysell-strategy/#post-4606191 Sat, 11 Jul 2009 06:12:06 +0000 mortgagedetective wrote:
*snip*As an investor, interest is a tax deductible expense, which means that money in an offset account reduces your tax deductions, which for most people, is not the name of the game and this is especially true if you have an interest charging personal debt.*snip*

 I'm not sure i agree with any strategy that promotes…[Read more]

]]> 1cf776afca8562ab96c213e06f1fde1b Yossarian replied to the topic Is this double dipping ? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4396456-is-this-double-dipping/#post-4605115 Sun, 21 Jun 2009 09:40:04 +0000 By salary sacrificing, you didn't pay tax on the expense, therefore there is no tax to claim back.

]]> d1a0ac59a77dcf80e0d32de73a1bb3d7 Yossarian replied to the topic Valuation by BankWest NIGHTMARE ! in the forum Help Needed! https://www.propertyinvesting.com/topic/4396425-valuation-by-bankwest-nightmare/#post-4604971 Thu, 11 Jun 2009 11:09:20 +0000 As above plus it is reasonable for the insurer to want to make sure the house is "complete" when construction is finished and a house without front landscaping, aircon or window dressing aint finished or, therefore, easily sold.It is what it is.

]]> 8910abea9334ceb99aec2230fb4385bf Yossarian replied to the topic fixed interest home loan or variable? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395830-fixed-interest-home-loan-or-variable/#post-4601558 Wed, 13 May 2009 10:22:01 +0000 Fixed rate swaps for > 3 year terms have been gently trending up for a couple of months so it is unlikely you will see any material reduction in fixed rates absent the economy going so far down the toilet the RBA panics.

]]> 2b2dd4b985476ca41fe3e028f959ad48 Yossarian replied to the topic Is this a normal finding on a NAB loan contract? in the forum Finance https://www.propertyinvesting.com/topic/4396180-is-this-a-normal-finding-on-a-nab-loan-contract/#post-4603691 Tue, 12 May 2009 10:58:02 +0000 It's called a "variable" rate for a reason.

]]> 774380c40bef67be9984dbdb080a7bd7 Yossarian replied to the topic Over 55's unit as investments in the forum Help Needed! https://www.propertyinvesting.com/topic/4396171-over-55s-unit-as-investments/#post-4603647 Wed, 06 May 2009 10:39:23 +0000 Terryw wrote:
i personally wouldn't even consider them. Low capital growth, hard to sell and hard to finance.

What Terry said. Finance can be *very* difficult.

]]> 91b4a299eecbedaaf5b418a8c49e1388 Yossarian replied to the topic Options with credit report issue in the forum Finance https://www.propertyinvesting.com/topic/4396134-options-with-credit-report-issue/#post-4603387 Sun, 03 May 2009 10:55:58 +0000 The number of credit inquiries – in conjunction with other data – is a good predictor of poor loan performance and banks generally count it as a negative.  

]]> 2cc32beca49136d2560ab2ccae5ca8fc Yossarian replied to the topic First Home Buyer - Need help to egt a loan in the forum Finance https://www.propertyinvesting.com/topic/4395794-first-home-buyer-need-help-to-egt-a-loan/#post-4601385 Tue, 31 Mar 2009 10:58:24 +0000 bfantastic wrote:
Anything over 80% will incur LMI, when they are involved they want to see where the deposit money is coming from and want to see records of genuine savings. you can pay up to $10,000 for high end LVR loans over 95%. the old Rams were good for this as they were able to over come the LMI problem by providing in in house Mortgage…[Read more]

]]> 6feb44f4dfdecd486b615065f63e5eb3 Yossarian replied to the topic Dodgy pyrimid scheme, Network 21 in the forum General Property https://www.propertyinvesting.com/topic/4393782-dodgy-pyrimid-scheme-network-21/page/2/#post-4590632 Sun, 29 Mar 2009 09:05:38 +0000 ientrep wrote:
Honestly, there is nothing wrong with the direct selling industry overall – unless:- you join at the bottom of the chain and there are 1000s and 1000s of people above you, and,- your uplines lie – about their status and about the business in general- you do not learn about the actual marketing and business side of it, which is the…[Read more]

]]> b7062a636336e037e7e0b9db507e2d4f Yossarian replied to the topic DIRTY LAUNDRY in the forum Help Needed! https://www.propertyinvesting.com/topic/4395711-dirty-laundry/#post-4600998 Wed, 18 Mar 2009 11:00:47 +0000 Borrowing your way out of arrears is (a) hard and (b) dumb.If you can get it done, you will end up with more debt than you have now at a higher rate.If you can't carry the debt, reduce it. 

]]> d32596c91a86cbde8728577af5f0fd44 Yossarian replied to the topic Wonder what Howard and Costello would be doing now if they were in ? in the forum General Property https://www.propertyinvesting.com/topic/4395317-wonder-what-howard-and-costello-would-be-doing-now-if-they-were-in/#post-4598813 Mon, 09 Feb 2009 10:17:57 +0000 Blame refugees?

]]> 138795248f21dbd0bcf904415d042449 Yossarian replied to the topic Have i made the right decision? very nervous....exchange of contracts before final finance approval. in the forum Help Needed! https://www.propertyinvesting.com/topic/4395288-have-i-made-the-right-decision-very-nervous-exchange-of-contracts-before-final-finance-approval/#post-4598593 Wed, 04 Feb 2009 10:31:44 +0000 The best way to start learning from your mistakes is to accept, in the first instance, that they were *your* mistakes.Hope it works out.

]]> 3994a5ec52aeba68bc1af569372f42b1 Yossarian replied to the topic WA Broker breaking the rules? in the forum Finance https://www.propertyinvesting.com/topic/4395281-wa-broker-breaking-the-rules/#post-4598541 Sat, 31 Jan 2009 11:41:19 +0000 perpetrator wrote:
The broker told my brother that the val on his property had in fact come in short and he would need to pay the shortfall. Also as the finance was not approved by the due date an extension was asked for, however, the request was never dated when signed by my brother. Is this document nul and void?*snip* The conditional fax…[Read more]

]]> 8a0f58049a1246538a7ce65b530a3f81 Yossarian replied to the topic Obtaining loan amount higher than the security value in the forum Finance https://www.propertyinvesting.com/topic/4394199-obtaining-loan-amount-higher-than-the-security-value/#post-4592712 Mon, 26 Jan 2009 10:12:45 +0000 M3 wrote:

Quote:
MGo back and reread all the posts. Especially yours – you were asking to borrow $250,000 based on a security of $150,000. It is a business purpose, but you don't want to tell the bank that because they won't lend. What else can you do?Who is borrowing the money? you or your partner's parents?

That was the original plan but it…[Read more]

]]> 0612694074a7d3968ef8cee0c8106c2c Yossarian replied to the topic Obtaining loan amount higher than the security value in the forum Finance https://www.propertyinvesting.com/topic/4394199-obtaining-loan-amount-higher-than-the-security-value/#post-4592709 Fri, 23 Jan 2009 09:03:25 +0000 M3 wrote:
My partner and I will be fully accountable for the debt, we will never do that to her parents. 

If the loan is in her parents names, against their property, they are responsible for the loan. If your business fails and you can't pay them, they can't pay the bank, and the bank will take their house.I have seen * a lot* of these sorts…[Read more]

]]> d2aa13c33ba6893c4d0e09b919fe0d8c Yossarian replied to the topic Obtaining loan amount higher than the security value in the forum Finance https://www.propertyinvesting.com/topic/4394199-obtaining-loan-amount-higher-than-the-security-value/#post-4592702 Thu, 22 Jan 2009 07:01:19 +0000 M3 wrote:
I've spoken to Westpac, they need to know the purpose of the loan… I am affraid to state that the loan is for a business as I will then need to apply for a business type loan, which I assume is harder to obtain because the business I am buying is "trading at a loss". I orginally wanted $250k but would be happy with $100k.. Is th…[Read more]

]]> 30dc3fd42fa3c21cbbc7bc5e44cb0269 Yossarian replied to the topic quick query re loan mortgage insurance in the forum Finance https://www.propertyinvesting.com/topic/4395084-quick-query-re-loan-mortgage-insurance/page/2/#post-4597542 Tue, 20 Jan 2009 10:07:12 +0000 Cattleya wrote:
ew…. Hi Tim, Thanx for calling me crap. I know I was 'creative' but I challenge your claim that it was illegal. There is no law saying that you have to disclose everything to the bank. There is only a statement in mortgage application form saying you have disclosed everything. And because you sign this, it becomes legally…[Read more]

]]> b4fd78f329b5b2907e7b67b728b81210 Yossarian replied to the topic Difficulties of control through planning in the forum Terryw wrote:where is kochi? https://www.propertyinvesting.com/topic/4395111-difficulties-of-control-through-planning/#post-4597681 Tue, 13 Jan 2009 02:12:53 +0000 Terryw wrote:
where is kochi?

Is it the little thing that dangles at the back of your throat?

]]> 403475683b6a77ca645fbfe449ef5efa Yossarian replied to the topic Borrowing against the market value of a property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395106-borrowing-against-the-market-value-of-a-property/#post-4597656 Tue, 13 Jan 2009 02:11:27 +0000 Terryw wrote:
Thats it Mick. You will pay more stamp duty and if there is a lender involved which mortgages the property it may be considered fraud if not disclosed. If there is no lender, then?????? check with your lawyer.

If :*the value the lender is basing their approval on is conditional on certain contractual improvements to the property…[Read more]

]]> 195afc274d90a49c3bb968feef1dc718 Yossarian replied to the topic Cash flow strategy. Is this Legal in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395005-cash-flow-strategy-is-this-legal/#post-4597090 Wed, 24 Dec 2008 03:39:08 +0000 The tax office get's very interested in any arrangement, the structure of which, cannot be "explained" other than as a mechanism to avoid or minimise tax. As with all these things (a) don't establish a tax efficient structure based on the advice of someone not licensed or qualified to do so and (b) if there is any doubt, get a private…

]]> 0f89c03ccd908a95f3f2f9ee97c073a2 Yossarian replied to the topic Break Cost of switching fixed rate to variable rate? in the forum Finance https://www.propertyinvesting.com/topic/4394991-break-cost-of-switching-fixed-rate-to-variable-rate/#post-4597036 Tue, 23 Dec 2008 04:31:27 +0000 yopoli wrote:
Thanks Richard,  your explaination is clear for me and no doubt that they don't show me details of calculation method. I understand that it's complex pretty much. However I'm wondering if something is unreasonable, I narrow down my case as below few lines:1) 15 Oct. variable rate: 7.88%, break cost: $10000  (got reply within 3 hr…[Read more]

]]> 0936dbf4da9a4fc03baaebf9f743e572 Yossarian replied to the topic HELP NEEDED ASAP FOR FINANCE DEAL in the forum Creative Investing https://www.propertyinvesting.com/topic/4394750-help-needed-asap-for-finance-deal/#post-4595744 Mon, 08 Dec 2008 07:24:02 +0000 C2 wrote:
Yossarian,Only tax fraud if intent can be proven.  By being up front with the bank and borrowing 30K to do IP renovations is legal.  If Paul 6 months later decides to only use 5K towards the renovation instead of 30K and the rest to pay off ppor where does fraud come into it.  It is a very grey area and why I indicated to tread very ca…[Read more]

]]> 037c6def7a5963534b5a7ea91c9cd4e4 Yossarian replied to the topic Finance and Servicibility in the forum Help Needed! https://www.propertyinvesting.com/topic/4394874-finance-and-servicibility/#post-4596393 Mon, 08 Dec 2008 07:13:19 +0000 Terry,OneDirect is ANZ's on-line play.

]]>