Forum Replies Created
Hi Emma, It's not letting me PM you but Andrew just posted that link about APN so Ill sign myself up for the emails. The meetings soundlike a great way to meet with people. And I agree with you that education before you jump in is a good investment in it's self.
Thank you to you both
Thank you all for your advice. I am going to look into the RESULTS program.It's unfortunate that the intake is only once a year but I will try for next year. Can someone tell me what the cost is and if there are many people participating in RESULTS from WA.
I am wanting a group of like minded people who are out there doing it that I can call up and bounce ideas off, not somebody who is going to try and flogg me a property.
JPCCM, I understand what you are saying, but we are at the very start of our investing career and I think it's smart to educate yourself 1st and surround yourself with people that have experience, as you do with nearly every other aspect of your life if you want to be successful. I wish I had done this before we brought our 1st investment property but that has been a massive education in its self.
Cheers
Richard I haven't contacted your real estate contact yet but I will this week and will let you know how I go.
AM2778 did you end up using "Property Pursuit"? Just wondering how the whole process went for you with them?
QLDpropertybuyer..Don't you own Hot Property Specialist? Just looking at your other posts you say you own this company. I'm a bit confused if you used them or own it? I was keen to give them a call but now I'm a little hesitant.
Thanks Richard. I will give him a call!
Hi Richard. If you could that would be great. Do you need my email?
We have been happy with them and if they want to come to the party which they seem keen to do then we would rather stay , saves any mucking around. Thanks for your comments. The more I talk about the more I learn
I didn't know if I was allowed to say on the forum. It's bankwest
I have made a few phone calls today. The best offer we received from another bank was 6.5% with unlimted redraw and an offset account (but maybe that was a redraw offset, I didn't ask as I hadn't read this then). We rang our bank back and asked what they can offer us. They have said 6.6%, same account as we have now with free redraw and they will set us up a separate 100% offset account. I told them if they can match the 6.5 we will stay. He's getting back to us.
Qlds007 the blocks of land which we brought 5 plus years ago and paid off before buying the PPOR. So the land is security for the PPOR not the other way around?
Knowing a bit more now (but still have soooo much to learn) our next investment we will set up completely separate. My new accountant has advised us ways to consider doing this
If Im not making sense it's because I still have so much to learn but please make comments because I'm so open to learning I'm like a sponge.
Hi MarJac,
The security is cross collateralised. Two blocks of land with no loans are security for PPOR mortage in WA. I was just thinking that before one of those blocks were sold we may look more attractive to the banks to give us a better deal…but then again if we wait till after the 22nd the mortage we will be refinancing will be $180k less so I guess it doesn't really matter? Perhaps it's best to wait to avoid any delays. I will go into the banks today and tomorrow and see what each are prepared to offer and if it's going to be too messy then I will make the change after the 22ndThanks guys,
Yeah we have spoken to our bank and they are prepared to come from 7.8% down to 6.7% but won't set us up an offset account. Our exit fees are $500. Another bank I know is offering 6.2% or 6.4% (can't remember which) with free redraw and an offset account.Thanks Qlds007, I will speak to a couple of banks today and see exactly what it will cost and how smooth the transition will be.
Thanks alot for your comments guys, this has given me a lot to think about. Sorry for the delayed response.
Kind regards
B.Thank you Steve I appreciate the help
