The process does take time depending on how motivated your morgage broker is. I have had great dealings with morgage brokers and, the process was 2weeks from interview-settlement which was great. If you have had bad dealings with a morgage broker do not reflect this on the other morgage brokers. It only takes one to split the good and the bad.

My understanding of the process works like this,1. Interview-Selecting appropriate product and availability with lender/s too your suitability. Once this occurs then the loan process starts.2. Loan Application Process- Application is lodged with the lender within 24hours of receipt of all required supporting documents. 3.Conditional Approval which…[Read more]

Colin Gowan wrote:
Since a trust is a separate entity and I cant use the negative gearing personally from a trust.And the loss in a trust can be carried forward until there is a profit or I hope I have this right?Please some one tell me if I haven’t?Can a trust still benefit from a depreciation on a property held in a trust just as I already u…[Read more]

Quote me if I'm wrong about the difference between shares and property, The difference are, risk and value. You can add value to property with a paint job or reno, but u cant with shares. You have control over your property, someone else has control with your shares. What happens when your shares crash? The word "Crash" is, self explanatory.…[Read more]

Great comments from Vesson. Hang in there and dont be too disheartened,  be patient and let your properties  work for u, not u work for the properties. Dont limit yourself on other peoples wisdom or vision 'Banks,Morgage Brokers', keep looking for the right people with the right attitude.  

Bez wrote:
Hey guys, I have been paying off my first Investment property for 4 months now. Iv only been paying the minimum amount on the loan as iv had other things to buy and just havent had the money..My question is, where do I go from here ?Do I put as much money as I can spare into paying this one off or do I start saving for the next one…[Read more]

Hi there, congrats to your awesome portfolio. Just a short note on 'Cross Collaterilisation' never ever Cross Coll with any more properties, this is securitiy for the bank and less flexibility for you. If your bank don't like it then terminate your relationship with the bank and take your business else where, his loss and someone elses gain. I…[Read more]

Hi there everyone, just new to this thing. I've just seen all your great comments and wanted to add to this without offending anyone, The strategie soundz like 'Call Option Deed' which is legal and Developers sometimes use it to great effect.

Yeah, that's a great idea. That's why i was trying to explain capital and exponential growth, thanx for the comment

I think it's pointless continuing on this discussion and thank your for your comments, appreciate that.

I do understand that but, ur using someone else's "money", not yours, someone elses . I cant see where you have lost out on this transaction, 60-40% ratio is pretty good. Whats happening here is people are forgetting, from the start, the "money" wasn't yours to begin with. U have to be happy with a 60-40% "money" ratio?Now! For u to benefit from…[Read more]

APerry wrote:
"Wouldn't it be wise to deposit your 20% into a 100% offset account to counter interest on top of the loan as well?In doing this, u have saved 40% interest on your loan."Mate, you sound like you think that 20% equity mortgage amount is free. It isn't. It doesn't matter whether an expense is deferred or immediate, its still an…[Read more]

Hi Elka

Thanku for your positive feedback and i do understand what ur saying. What I’m trying to say is, ur using someone elses money, not yours, someone elses.

Lets say the Equity Finance Company asked for 40% of capital gains, u still come out on top with 60% if u decide to sell, i think 40% of your cg is a small price to pay when youve used…[Read more]

No offence taken Mortgageman.

I do understand what ur saying about sharing part of your capital growth but ur using OPM……….interest free.

Wouldn’t it be wise to deposit your 20% into a 100% offset account to counter interest on top of the loan as well?

In doing this, u have saved 40% interest on your loan.

Look forward to your positive…[Read more]

The Company I’m refering to is called,
Equity Finance Morgage,Milson Point, NSW. You can contact them on 1300 720 110 or 02 9466 8200.

Their are some criteria u must qualify for.

Sorry about the confusing info ive provided, what i was trying to say was………………instead of depositing 20% of your own money towards the investment, deposit that money into a 100% offset account to counter the interest rates. i know some 2nd tier banks who will.

There’s a company who will loan u 20% deposit interest free. There are a…[Read more]

Have u thought about putting 20% deposit into a 100% offset account to counter any interest rates from the loan and, to use equity finance company to invest 20% of the deposit into the loan thus leaving u with a deposit of 5% towards your loan. The lender will top the loan up to 100% and the repayments will be low, inthe end ur only using 5% of…[Read more]

That’s a small price to pay. U can claim back the commision thru tax deductions.

Apply your conditions and a fixed commision to suit your needs, dont speculate or determine the outcome of your situation.

If the real estate doesn’t like it, go to someone else who does. At the end of the day, take your business ‘Money’ some where else where u can…[Read more]

Do a valuation on the apartment, no doubt there will be some equity. Pay half of what it is worth now and change titles to his brothers name.

How about contacting the Real Estate for any potential rent to buy clients? Let the real estate do the research, and u provide the conditions that suit yourself, u can build a rapport without to much hassles. Make sure u screen the real estate as well as the tenant/buyer.