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 ~~

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 $41k how do you even afford to live in Sydney let alone consider doing a development!!

banks don’t decline because your small – height discrimination has been stamped out completely ever since that strangely haunting episode of ‘The Goodies’ went to air – c.1976

banks decline because you can’t afford to borrow, or other non personal reasons.

at this point i don’t know of a low doc lender willing to take on low doc, low income and a commenced construction – maybe some of the other brokers who frequent have more flexible lenders on their panels – those previously listed will not assist.

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 ~~

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 be good form)as it may not be the easiest loan application to get approved.

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 everywhere but do not buy one your self

save, and save

starting to repeat myself now, just like uncle Stan – you get the drill – no free lunches in life = listen to your uncle Stan

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 files and the like – (maybe the ato has a half share in Millers???)

cheers

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

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
[email protected]
Brisbane

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

hopefully some forumites will share there homepath experiences

cheers

brahms
[email protected]
Brisbane

nah – that is too bad 2 b true

cheers

brahms
[email protected]
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
[email protected]
Brisbane