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  • Profile photo of Charlie MFSCharlie MFS
    Participant
    @charlie-mfs
    Join Date: 2007
    Post Count: 32
    September 3, 2007 - 12:45 am

    Hi

    Yes Positive Case Flow comes from your rental income.  Rent – expenses = cash flow

    Sharlene
    [email protected]

    Profile photo of Charlie MFSCharlie MFS
    Participant
    @charlie-mfs
    Join Date: 2007
    Post Count: 32
    September 3, 2007 - 12:29 am

    Hi Ken,

    I personally would have to pick (B)

    but I also would be looking into a product that I was able to pay extra off without any penalties.

    Sharlene
    [email protected]

    Profile photo of Charlie MFSCharlie MFS
    Participant
    @charlie-mfs
    Join Date: 2007
    Post Count: 32
    September 3, 2007 - 12:14 am

    Hi George,

    There are fantastic products on the market that can take you to 80%LVR's and even products that you can then capitalize part of the interest which will give cash flow.

    Based on what you have disclosed then there are lenders available that with restructing your loans could even offer you more.

    Sharlene
    [email protected]

    Profile photo of Charlie MFSCharlie MFS
    Participant
    @charlie-mfs
    Join Date: 2007
    Post Count: 32
    September 3, 2007 - 12:04 am

    Hi

    If your read the 1st page of the First Home Buyers Grant carefully you will see the questions that you need to answer to fulfill the eligibility criteria.
    1. Will this be the first time each applicant ……………could receive a grand under the Act in any State or Territory of Aust.
    2.  Is each applicant and ………………. a person who has never owned a residential property……………before 1 july 2000
    3.
    4.
    5.
    6.

    If you go to the website – http://www.osr.qld.gov.au – you will be able to read the eligibility criteria completely and see for yourselves

    Sharlene
    [email protected]

    Profile photo of Charlie MFSCharlie MFS
    Participant
    @charlie-mfs
    Join Date: 2007
    Post Count: 32
    August 29, 2007 - 11:06 pm

    Hi Kreepy,

    It all comes down to your own personal feelings.  Do you really want and IP now while the boom is on or Do you want to wait untill it is over and not make any gain at all.

    With the amount of equity that you have available you have the ability to put down more deposit and go into one of the new products that have come into the market for Investors.  1 product in particular, the rate can start from 4.65% which can turn a Negitive flow into a POSITIVE  FLOW

    If you look around there are products in the market which can turn Cash Flow Negitive properties into CASH FLOW POSITIVE.

    Sharlene
    [email protected]

    Profile photo of Charlie MFSCharlie MFS
    Participant
    @charlie-mfs
    Join Date: 2007
    Post Count: 32
    August 29, 2007 - 2:56 am

    Hi Michael,

    Much gratitude for your generous offer. 

    I look forward to listening to you and gaining from your knowledge.

    Sharlene
    [email protected]

    Profile photo of Charlie MFSCharlie MFS
    Participant
    @charlie-mfs
    Join Date: 2007
    Post Count: 32
    August 28, 2007 - 10:56 pm

    Hi ao,

    1) The valuer will value a property based on looking at your property and noting whether it is 'inferior' or 'superior' to comparative sales evidence and the market in that area.  Obviously the valuer will be looking at what other units have sold for and that could be in the same complex or others in the immediate area.

    2) Yes it is possible to get a higher valuation on your unit – BUT – the lender will only lend a percentage of the purchase price.  As a new purchase a lender will not lend you extra money whether it values higher or values at the purchase price.

    Hope this helps

    Sharlene
    [email protected]

    Profile photo of Charlie MFSCharlie MFS
    Participant
    @charlie-mfs
    Join Date: 2007
    Post Count: 32
    August 24, 2007 - 5:32 am

    Hi,

    I just got some info from Cashflow but havn't had a chance to go through it yet.  Will let you know my thoughts once I have.  Hope to get to it over the weekend.

    Enjoy

    Sharlene
    [email protected]

    Profile photo of Charlie MFSCharlie MFS
    Participant
    @charlie-mfs
    Join Date: 2007
    Post Count: 32
    August 24, 2007 - 5:26 am

    Hi,

    I agree with Terryw and it sounds like Richard could have a lender that would be able to help you with your endeavours.

    Should you encounter any further problems, I have a couple of lenders that are able to to to the 95% LVR in your area and LMI is the same.

    Good Luck

    Sharlene
    [email protected]

    Profile photo of Charlie MFSCharlie MFS
    Participant
    @charlie-mfs
    Join Date: 2007
    Post Count: 32
    August 24, 2007 - 4:41 am

    Hi,

    With the information that you have supplied so far I believe that there is a lender (and insurer) out there that may help.  After working with Virgin and the above postings if you still need any help please feel free to email me.

    Good Luck and Happy Buying

    Sharlene
    [email protected]

    Profile photo of Charlie MFSCharlie MFS
    Participant
    @charlie-mfs
    Join Date: 2007
    Post Count: 32
    August 24, 2007 - 3:45 am

    Hi,

    A lot of lenders today offer LOC facilities with numerous splits.  Each lender is different and so is the number of splits that they offer.

    If you would like some more information feel free to email me and I will be happy to try and help.

    Sharlene
    [email protected]

    Profile photo of Charlie MFSCharlie MFS
    Participant
    @charlie-mfs
    Join Date: 2007
    Post Count: 32
    August 24, 2007 - 3:38 am

    Hi,

    We have some great new products for Investors and I would enjoy the opportunity to see if you could benefit from them.  Please send me and email explaining what type of magic you require.

    Sharlene
    [email protected]

Viewing 12 posts - 21 through 32 (of 32 total)
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