ahhh, the rapier sharp wit of monoples, you have my respect and continuing obedience…he he..nice to see some Uhumrr (thats a bit of k and k humour)

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 ~~

95% – stand alone commercial?

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

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 the applciation are particularly strong, then it may be considered.

In essence the process factors in the neg gearing aspects as per the clients pay period, rather than waiting to end of fin year.

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…. armidale has a population of 25k, sydney has a population of 3-4 million, go figure where the high volume building product use is.

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 meaningless pops into mind.

a sworn valuation is only done by a valuer.period.

your inspection with your valuer will be done during an ofi, or by appointment, really no privacy issue there.

some valuers prepare pre purchase reports, they will give you a range, ie. between x-y = good buying, between y – z = getting a bit steep, z = pull out big boy!!!!

cheers

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

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 it..

cheers

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

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 repayment.

any broker or financial calculator savvy punter can work out the p&i repayment for any loan, loan term and interest rate – easy peasy

seems like a lot of bother to do something you should be able to already do.

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. THEN the math would work…

cheers

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