your the moderator…..(he he)

cheers

brahms
CALL NOW…adults only (boys and girls ask mummy or daddy first) ~~ 1900 HOT BROKER ~~

I’m just going to earn more money to support my investing habit.

cheers

brahms
CALL NOW…adults only (boys and girls ask mummy or daddy first) ~~ 1900 HOT BROKER ~~

hmmmm, i understand now, zippys you should look for an agent of ‘D” to solve all your woes.

cheers

brahms
CALL NOW…adults only (boys and girls ask mummy or daddy first) ~~ 1900 HOT BROKER ~~

95% – stand alone commercial?

cheers

brahms
CALL NOW…adults only (boys and girls ask mummy or dad first) ~~ 1900 hot broker ~~

also…with the better known and tested franchises you can finance up to 70% of the franchise cost – without bricks and mortar security.

cheers

brahms
CALL NOW…adults only (boys and girls ask mummy or dad first) ~~ 1900 hot broker ~~

zippys, most commercial property can be purchased on a 30% deposit – so for the above you will need $60’000 deposit plus costs – maybe another $10’000 to complete.

alternatively you may put up other security you have, like residential property – so unless you can come up with this you may just have to stay at ‘wits end’.

cheers

brahms
CALL…[Read more]

tmcintosh

as long as you don’t buy at auction, why even bother with this pre approval – make your offer (on contract form) subject to finance – if the finance is declined then you walk away.

qld purchase contracts are in a ‘subject to…’ format – unless as previously mentioned, you purchase at auction – auction is the real deal, unconditional…[Read more]

yep, occasionally its prudent to have a client prepare (thru accountant) a tax variation – used to be called the 221D – has a new identity today.

It will allow increased borrowings – some lenders consider it, others don’t – as you can imagine, if a deal is dependant on it to meet servicing, well, its a pretty thin line, but if other aspects of…[Read more]

your right of course, as you have suggested, why indeed would the ato be concerned..

cheers

brahms
CALL NOW…adults only (boys and girls ask mummy or dad first) ~~ 1900 hot broker ~~

pop into the st kilda hotel on friday afternoon, you will find all the boys and girls there.

not suggesting they are price fixing, just relaxing having a quiet one and a healthy punt on the nags.

there is also an added cost to building in the country, its called transport costs and poor negotiating power due to low product useage – confused….…[Read more]

pretty transparent from the ato perspective i’d suggest – but hey, i’m no accountant…

cheers

brahms
CALL NOW…adults only (boys and girls ask mummy or dad first) ~~ 1900 hot broker ~~

dfm

if you want a valuation, get a valuation from a qualified valuer, yellow page search, aust.property institute, real estate valuer etc.

other real estate agent ‘appraisals’ will be nice, but meaningless, they are from sales people, not valuers…they are also from sales people who did not get the opportunity to make the sale….less than…[Read more]

mr vip

whats being discussed is…

with a 5% deposit, genuine savings, the bank will now allow you to capitalise (add too the 95% loan) the cost of mortgage insurance – that is, to a maximum overall % of 97%.

what does this mean, it means you don’t have to pay the MI upfront, you pay for it in the loan.

westpac have just come on board with…[Read more]

Woodsman you are of course correct – not a new MI’er, just use a different one to the original application – if possible, if it suits.

Different lenders use different mi’ers, some use both – you can choose your lender based on who the mi’er is – therefore match up mi policy to clients needs.

ahh, mortgage insurance….nice work if you can get…[Read more]

woodsman

if you went to a new lender bank now and put it to them at 90%, new mortgage insurer, i think that its a chance to be considered at val figure over the contract figure.

that would be using a mainstream bank as opposed to a non conformer.

i’d be keen for an update as its quite an interesting scenario – nice to see an otp purchase doing…[Read more]

irishaus,

sounds abit irish to me (pun intended)

why bother changing your existing loan when you ‘should’ be free to make additional repayments into you existing loan without penalty.

unless its an i/o fixed loan – then the rules change.

but i/o variable products generally allow principal reductions either as a lump sum or as a regular…[Read more]

“BTW, I had you down for a goodies fan. Monty Python and possibly the Goons also.”

he he – i remember the goodies, but i must admit a more than passing admiration for the ‘razor sharp’ of kath and kim!!

cheers

brahms
CALL NOW…adults only (boys and girls ask mummy or dad first) ~~ 1900 hot broker ~~

thats ok Steven, read paragraph cut and paste from my original post

“i find it difficult to see how you can afford this in the first place with a ‘turnover’ of $41k – unless you have substantial other income which you’ve omitted.”

maybe the original post refers to ‘turnover’ when they meant net profit after significant directors fees etc etc.…[Read more]

Steve, i hope you asked him what other properties he had on his books – being obviously incompetant he falls immediately into the bracket of real estate agents we are happy “to buy thru but never to sell with!!”

cheers

brahms
CALL NOW…adults only (boys and girls ask mummy or dad first) ~~ 1900 hot broker ~~

speak with your previous ‘fone’ provider 9.00am tomorrow – pay them what you owe – pretty simple really.

cheers

brahms
CALL NOW…adults only (boys and girls ask mummy or dad first) ~~ 1900 hot broker ~~