Hi Jes,

Unfortunately, you will be hard pressed to find a lender prepared to lend 95% on a low-doc investment loan. Most deal in 80% as they will not obtain mortage insurance. I have seen various rates from 7.75% for properties in good areas and if they do not fit within those parameters then you are looking at 8.50%. I deal with a company that…[Read more]

Dammit

Unsure about the property market in Canberra, but I would say you will need to do some research or have a valuation done on the property to determine if $140K is a fair price. It would definately rely on property sale prices in the area.

With the fixed price contract price you will always find a cheaper price that would be available. I…[Read more]

February 2005 issue of the Australian Property Investor magazine had an interesting article of a couple who had managed to crack into the US market and at the time own 8 properties in Niagara Falls, Buffalo and Lancaster. They have properties they purchased in 2004 for $30,000 US that return $9000 in annual rental returns. A good read if your interested.

Mortgage Hunter,

Wizard (Allan Faint) do look at alternatives to their own products and being part of a lender we deal with him regularly.

Very easy to deal with and we have used him for deals all over Australia.

There are a few shoddy characters I have dealt with as well, but that is for pm.

amerc79

Hi APerry,

Commercial properties require a funds due to the high LVR, but development sounds like something that may be an option, but personally I am not a fan of vendor finance.

I have found ones that are quite close to be positive and have actually found others that have already been purchased and are under contract. I am very willing to get…[Read more]

Hi Jenny1,

If it is working for you then I believe you should continue to buy/develop and hold or you may be able to sell some of the townhouses you develop and use the equity gained to fund other developments or purchases to improve you cash holding etc. It may be beneficial to sell all the townhouses if the return is quite good. Good position…[Read more]

Being from a lender I have dealt with Rolf Latham regularly and find him to be quite good at knowing what is required and the options available to his clientele. He is definately one of the easier ones to deal with and personally I cannot see anyone else that would be able to assist as good as him. I have never heard of this Richard Taylor…[Read more]

What are these people wanting to do?

Access some equity for future investment etc or just content with what is happening and enjoy the fantastic cruise.