Thanks for all your responses. I called St. George and their LVR was 75%.

Stuart, I called the NAB a few times today and got conflicting answers as to their LVR for owner builders. I got 70%, 80%, 90% and 95%.

Do you know which one it is?

I know that the Commonwealth Bank act as an agent to the Bank of America which I think allows you to do Bank of America banking through the CBA but I’d check it out.

1 bedroom, 1 bathroom 42 square metres.

Would I have troubles getting finance?

I am in the same situation as yourself Dan, and I was just wondering is the standard practice to get building inspections and valuations done before you see your solicitor about the contract or do you see your solicitor first and plan them inspections into the contract?

Also, I have put down $1000, the 5%/10% deposit, when is that usually…[Read more]

I went to his seminar this week. I didn’t find it very good. Too much marketing and hype.
He had the crowd standing up and shouting “pigs” which was in refererence to a type of investor that the professionals refer to in this manner.
I don’t see how that educates anyone. I was hoping for it to be near purely educational.

And also, he showed a…[Read more]

ah ok, I think I’m picking up. I know that you “have” to do this and this is the case (that you can’t use your deposit as equity on something else) but I’m just wondering as to the “why” bit.

Is it mandatory for all finance deals, that you have a 10% (or 5% in some cases) stake in your property so that if they foreclose on you for whatever…[Read more]

ah yeah I saw that in the back of one of his books.

Do you host regular games at Maitland? Any games hosted in Newcastle?

Bought it on Thursday, the last one in my local store. I reckon your today tonight segment would have attracted a fair bit of business. It’s what got me interested as I was already reading books about property investment. Upto the last bit about negative gearing now.

ok, so that 10% stake I have in my $100,000 property, does the bank own that? or is that just part of my loan that is counted as being payed off? So I can’t use that $10,000 as equity at all? Is that $10,000 equity that I own?

What is the cashflow game?

Thanks everyone for your replies.

Stuart, I’m about to subscribe to API so I can wait for the article as I’m not ready to jump into it yet anyway.

Thanks for your help guys, it cleared it up in my head.