either cash (yours) or its going 2 b xpensive – it could be difficult to make this look attractive to a lender.

cheers

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

ian – i’d love to live in your suburb!! rarely does a week pass without a written entry in the mail box heralding ‘significant interest and thwarted buyers ready to pay for….’ in my cnr of brissy.

cheers

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

bernstar,

how did you start with $300k and end up with $150k?? you mentioned loan but then things went hazy

was this in writing or some worthless verbal <edited>e??

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.

on a turnover of…[Read more]

what part of finance broking do you work in Rob?

cheers

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

retire40

1. take responsibility of your debts
2. pay them off
3. avoid ptIX like the plague
4. save
5. do you realise that a $5k default is extremely serious????

if you think i’m blunt try dealing with non conforming lenders…..

cheers

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

ANZ has that cute $5 per month do everything account – plus plenty of atm’s and branch outlets.

others probably have similar – some smaller banks may be cheaper but they don’t have the exposure and the services (hence they should be cheaper!)

cheers

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

Alexei – i’m honest, i mean i don’t steal peoples handbags when i do their homeloans, but i’m in qld and you could probably benefit seeing someone face to face (keep an eye on your car keys and wallet though, some brokers may not be as honest as others)

but seriously, do it quickly as Simon indicated (i nearly typed Simon Says which just wouldn’t…[Read more]

settle down tiger — see you in two

cheers

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

sorry to sound like your uncle Stan, but….

your doing great!!

convert your full time study to full time profession after graduation

convert your part time work to full time profession (for more details read above)

choose high income earning profession or trade

save, and save

when your mates ‘finance’ into the latest car, let them drive you…[Read more]

The Da Vinci Code is a good read too – just in case you need some light reading after the above.

cheers

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

keep an eye on dev costs, do you have to concrete all access areas, fire regs etc.

putting this aside and lets face it, you have to be able to pass on the cost of the above, how big is the town, demand etc etc.

in metro areas these things are impossible almost impossible to find vacant, they always seem to filled up with solicitors/accountants…[Read more]

whoops….is the contract subject to finance?

cheers

brahms
brendan@homeloanconnexion.com.au
Brisbane

rye
hi there new member, on repayments of $300 a week = mortgage @ $185 -195 000 ?

if so, you should have available equity to purchase property @ $200 000 plus costs without using savings.

subject to employment and income to support – probation, how much rent your now paying, etc etc.

cheers

brahms
brendan@homeloanconnexion.com.au
Brisbane

Or do financiers look solely at the payment amount?

pretty much, weigh up whether (1) using equity in a property or (2) what the effect of higher repayments have on your borrowing capacity.

‘the cheapest form of finance is saving’ – but its not usually what people want to hear – and i wouldn’t have a job either…mmm…might delete that…[Read more]

for rates have a look at http://www.cannex.com.au

hopefully some forumites will share there homepath experiences

cheers

brahms
brendan@homeloanconnexion.com.au
Brisbane

wow, it gets better…one would now be thinking the smell of rat has become an over powering stench.

with so many great brokers out there, you don’t need this trash!

well done for seeing thru the rot.

cheers

brahms
brendan@homeloanconnexion.com.au
Brisbane

nah – that is too bad 2 b true

cheers

brahms
brendan@homeloanconnexion.com.au
Brisbane

nick, that sort of sounds too good to be true!!

however, there is 100% and 106% finance available NOW. So no need to do sneaky things as per the numberous American guru (no pun intended PropertyGuru) books.

this also makes it pretty clean cut for your tax deductibility question.

cheers

brahms
brendan@homeloanconnexion.com.au
Brisbane

hi there Boris

i deal with most of them as a broker, i think they all have good and bad days – it just depends what day in the cycle you get!!

good luck with it all.

cheers

brahms
brendan@homeloanconnexion.com.au
Brisbane

Size matters as well with serviced apartments – if the property could easily be marketed to the general investor or owner occupier market then lots of banks are ok about the apartments.

If your considering a motel room sort of thing, its difficult, however, if its two bedrooms with separate kitchen and living areas, then the risk is substantially…[Read more]