No offence was taken Arty,[] I was just expressing my point of view. I doesn’t mean I am right, wrong or in indifferent it’s just an opinion and majority and moderators rule []

Regards Bear[]

Hi Carlo

Congrates on your 1st property in the pipeline.

there are a few mortgage brokers on the forum that have been very helpful to me and im sure they will be with u also once they see ur post!

If u already have property (example your dwelling) u can borrow against that im sure with out too many probs on a low doc loan. Basically as long as…[Read more]

Hi Greyman

On the surface it ceartainly appears to be both. Having said that even tho i havn’t found one as yet myself , plenty on the forum has found them, so yes they are out there.

Now comes the challenge. Working out the way to find them. i dont think there is an easy answer and i guess every one has worked out their own way of finding them.…[Read more]

Thanks for your input Stu

I am VERY careful with my money and borrowed money and have a AAA credit rating. To the best of my knowldege i have never missed a payment on anything.

I also understand that not everyone is as careful as myself hence why the banks are so conservative.

Even so im not ammune to making mistakes. And i guess in the…[Read more]

Hi Pinky

Its a good piint u make!
I would agree that investing in properties would be the way to go.

However an option many overlook is property swapping. ITs a new craz that works really well if u have a good freind in the same situation as your self wanting to get into the market of owning a home.

I 1st saw this concept on a currnt afairs…[Read more]

Boneman

Thank you for ur input!

Yes u are correct and for this reason it is recomended when investing in property u take out loans with some one other then the instituation that u have the loan from for your personal home. I hope this makes sense….LOL

Regards Bear

Thanks Milkman for the adivce!

How does one protect ones other assets?

Regards Bear

Also make sure you separate (protect) ALL of your investment properties as other properties may be taken to cover additional legal/closing costs for the Bank.

Good Luck.

Milkman.
[/quote]

I totally agree with AD. If spotter’s fees were to be charged on this site it goes against what Steve is trying to achieve (In my opinion only). The list will fill up with spotters and only the people with money will be able to obtain them more competition for those with no money willing to do the work. I would suggest if some one is working 12 -…[Read more]

Well losing money is losing money and making money is making money. U only wana lose money if u make enuff money to offset it. I would suggest u go thru Steves Book again b4 u decide. If u dont include capitol gains in the calculations then any capaitol gains u do have is a BONUS. IF u do include capitol gains and u dont have any u lose.

Regards…[Read more]

Wow Mike thanks for your input. Im sure it helped even more then u may think[].

Im sure now there will be more compition for these houses now and thats ok, will keep me on my toes .LOL[]

Thanks again Mike.

Regards Bear

PS would u mind if i contacted your personally for a bit more advice about the region?

quote:
Thanks for your input…

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Thanks for your input picja

The Auctions for the properties im looking at are on 14 oct. If other properties come up in the meantime i wana be ready to purchase asap

Regards Bear

quote:
This laon should be no problem with equity in your own property for deposit.

The post codes are fine by GE LMI, so can borrow up to 90-95%LVR

Even with a…

[Read more]

Thank you for your reply Melanie I hanvt even looked at the banksacutally due to the costs involved and well i am only on a careers pension so i dont think they will touch me.

quote:
Hi Bear,

Any lenders who use GE as an insurer should be able to lend to these postcodes up to 80% at least. I do note they are fairly small towns so as Simon…

[Read more]

Thank u for your reply Simon

I agree that is the ideal situation. I own my own house outright but coz i have been self employed for so long and currntly on a carers pension its not that easy to obtain. Mind u i have never had a late payment on any loan but that dont seem to come into it.

Regards Bear

quote:
Why can’t you borrow on the…

[Read more]

Thank you all for your replies.

well as it is i have to pay more for interest due to my income circs.

post codes are 5600, 5609, 5608, 5540.

Would prefer to borrow on the properties but as it is i have to borrow on my home.

Regards Bear

Greetings all Adelaidians. I am From Salisbury and always keen to catch up with like minded people. I can be contacted on Mob Ph 0407 607 890 or Email wildbear1964@hotmail.com If Via email please put in heading property investment or similar otherwise it may be deleted as spam.

Thanks

Peter (Bear) Ruwette

Thanks Westan for your advice we must be thinking along the same wavelength, as Whyalla and Port Pirie is where I am currently concentrating but still haven’t had much luck with the formula. I have also contacted the appropriate Elders office and believe it or not I am told they are all away sick…… Port Pirie is one place im told im 12 m…[Read more]

Thank you Melanie your advice is greatly appreciated.

Thus far I can only find lenders willing to borrow up to 65% but considering I don’t wana risk any of it 65% seems to be a good amount for me ….LOL

I’m wondering how many other people come across agents saying they are 12 months too late. I’m wondering if they are trying to hide the good…[Read more]

I own a Harley Tour Company in Adelaide, but due to public liability insurance sky rocketing and Govt Restrictions not only is not viable anymore but not sellable either. Any one wana buy a Harley Tour Company??????….LOL

Regards Bear

Quote:

Some more help – if you spend 220 at residex.com.au you can get a list of the postcodes most likely to have +ve cashflow properties in Australia.

I was wondering if there any any services like residex.com.au for South Australia []