Forum Replies Created

Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of anzionanzion
    Participant
    @anzion
    Join Date: 2003
    Post Count: 9

    Hi

    I used Avibe for financing a property I was wrapping. The recommendation came from Rick Otton’s office:

    Danielle McMahon
    Ph: 1800 284 230
    Email: [email protected]
    http://www.avibe.com.au

    My rate is 6.9% for fixed IO loan and 7% for LOC.

    Good Luck – I hope it all goes well for you.

    Regards
    Anzion [biggrin]

    Profile photo of anzionanzion
    Participant
    @anzion
    Join Date: 2003
    Post Count: 9

    Hi Stuart

    one thing that has always gotten in the way of my excitement over a property has been the actual financing and what the LVR’s are for different types of properties and locations.

    I would really like a general reference point and information for full doc loans versus low & no docs: for each type of loan:

    – what the maximum LVR’s are for different types of purchases (ie. house, vacant land, blocks of units (blocks of 4, 6, 8 etc), commercial property etc..)

    – and what effect the actual population may have on borrowing and if there are other location “issues” that banks/lenders may have.

    Hope that makes sense – Happy Writing!! [thumbsupanim]

    Profile photo of anzionanzion
    Participant
    @anzion
    Join Date: 2003
    Post Count: 9

    Hi Mel

    thank you for that – I will contact him this week.

    Happy Investing

    Profile photo of anzionanzion
    Participant
    @anzion
    Join Date: 2003
    Post Count: 9

    I have been to a meeting of the investor’s club and don’t agree with their advice of buying 7 properties and borrowing against the increased equity each year. I thought the “advice” was very amateur.

    I have read through some of the postings here, but has anyone mentioned how the Investors Club make their money? – They get a commission from the seller / developers on each and every sale – so, my advice – be careful! [V] And check out ASIC – they are interested in them!

Viewing 4 posts - 1 through 4 (of 4 total)