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  • CharlieX
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    @charliex
    Join Date: 2015
    Post Count: 98
    September 30, 2015 - 6:35 am
    Redwood wrote:

    Charlie – how long you been broking? Its a perfect time to win new clients, and perhaps focus on marketing to a specific niche, the upfronts will cover your costs and you can build your trail….then find a trail book later on. Also, look at what else are you providing other than broking? the market I believe will be based on a product suite rather than specialist mortgage broking…
    Cheers Ivan

    thanks, I’m month 2.5 into broking :)
    still getting lender accreditations and learning their products

    CharlieX
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    @charliex
    Join Date: 2015
    Post Count: 98
    September 29, 2015 - 9:07 pm
    Jamie Moore wrote:

    Trail books are generally in high demand – I know my aggregator sells them quickly and there’s generally a list of interested buyers.
    If you’re genuinely interested then best to contact connective and ask them to keep you in mind when something comes up.

    thanks :)

    I think I’m already on the list, but so far not a thing yet.

    CharlieX
    Participant
    @charliex
    Join Date: 2015
    Post Count: 98
    September 29, 2015 - 8:46 pm

    will your aggregator transfer? :D

    the difficulty is the seller’s aggregator not willing to transfer, and the buyer’s aggregator has to consent to accept.

    if you know any within connective selling, let me know :)

    CharlieX
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    @charliex
    Join Date: 2015
    Post Count: 98
    September 25, 2015 - 9:22 pm

    anyone selling mortgage trail books?

    I want some trails :)

    CharlieX
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    @charliex
    Join Date: 2015
    Post Count: 98
    September 25, 2015 - 9:09 pm
    Options Australia wrote:

    Hi Team,
    For refinance of investment properties to extract equity you can go to 90% including LMI.For purchases you can go to 90% including LMI.
    Best rates for 80 % is 4.12% with liberty.Rgerds

    thanks :)

    CharlieX
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    @charliex
    Join Date: 2015
    Post Count: 98
    September 25, 2015 - 9:08 pm
    Corey Batt wrote:
    CharlieX wrote:

    wow, a taboo topic to ask advices on this forum?thought this is the site with some of the best brokers, or maybe not?

    More that brokers who have years of experience and dedicate time for themselves and their staff get annoyed that there are fly-by-nighters who give advice to client’s based on what they read on a forum instead of doing in-depth research.

    this is month 2 for me,
    yes, I should know all the products of the lenders by now? :)

    thank you for your advises, much appreciated

    CharlieX
    Participant
    @charliex
    Join Date: 2015
    Post Count: 98
    September 21, 2015 - 9:25 pm

    wow, a taboo topic to ask advices on this forum?
    thought this is the site with some of the best brokers, or maybe not?

    CharlieX
    Participant
    @charliex
    Join Date: 2015
    Post Count: 98
    August 5, 2015 - 12:02 pm

    thanks Richard,
    clients want to get the maximum equity out, currently about $330k equity in these two properties. they looking to use whatever equity they can out to build more properties or businesses.

    reading, re-reading, re-reading, etc…and still hard to figure out which is the best lenders.

    clients has two other properties and want to do the same as these two, so just trying to see how these first two go.

    CharlieX
    Participant
    @charliex
    Join Date: 2015
    Post Count: 98
    August 5, 2015 - 11:46 am

    thanks Jamie,

    the loans are currently with cba, so would it be faster to go thru cba again?

    and which lenders would do 90 lvr?

    CharlieX
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    @charliex
    Join Date: 2015
    Post Count: 98
    June 12, 2015 - 4:33 pm

    my question is to know more about this industry as i’m thinking of selling my other business to also start in this industry. since it’s also regulated by ASIC, I can’t be in too many different industries as I just can’t duplicate myself to be on top of the regulations.

    CharlieX
    Participant
    @charliex
    Join Date: 2015
    Post Count: 98
    June 12, 2015 - 4:30 pm

    the NCCP regulations on this industry is really tough now, decreasing the number of lenders in the industry. I think the industry is lot tougher now due to the bad ones in the industry.

    CharlieX
    Participant
    @charliex
    Join Date: 2015
    Post Count: 98
    June 12, 2015 - 3:03 pm

    just want to know if anyone in here has experience in this industry, this is the finance section of the forum?

    okay, so what I should said is the NCCP regulated loans, or small amount loans?
    please refer to ASIC website for more info ….
    https://www.moneysmart.gov.au/borrowing-and-credit/small-amount-loans

    CharlieX
    Participant
    @charliex
    Join Date: 2015
    Post Count: 98
    March 20, 2015 - 9:13 pm
    Richard Taylor wrote:

    Charlie you certainly be getting your own FP License but be operating as an Authorised Representative of Licensee.

    Most small FP businesses operate this way due to the cost and compliance involved in having their own License.

    Cheers

    Yours in Finance

    sounds like the same model as most mortgage brokers operating under someone else’s ACL?

    CharlieX
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    @charliex
    Join Date: 2015
    Post Count: 98
    March 20, 2015 - 3:34 pm

    not trying to master everything, but just the complimentary products.

    difficult to be a good mortgage broker, without good knowledge of real estate, and good understanding of the financials of the clients?

    CharlieX
    Participant
    @charliex
    Join Date: 2015
    Post Count: 98
    March 20, 2015 - 9:11 am

    there are a lot of variables that points to capital growth areas. unless the whole economy goes on free fall, those variables have firm foundation.

    either way, cashflow is a preview to capital growth?

    CharlieX
    Participant
    @charliex
    Join Date: 2015
    Post Count: 98
    March 20, 2015 - 8:57 am

    sounds like better to get the FP licence before buying the trail book so I can get the trails paid directly to my licence? does it not make sense for a person to take on complimentary products such as mortgage broking and financial planning? what other products would be complimentary products to mortgage broking, financial planning, and real estate?

    CharlieX
    Participant
    @charliex
    Join Date: 2015
    Post Count: 98
    March 19, 2015 - 7:34 pm

    Seems to be more buyers than sellers in mortgage trail books?

    If I buy a financial planning trail book, do I have to be a financial planner?

    CharlieX
    Participant
    @charliex
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    Post Count: 98
    March 18, 2015 - 10:45 pm

    what are other reasons?

    CharlieX
    Participant
    @charliex
    Join Date: 2015
    Post Count: 98
    March 18, 2015 - 6:05 pm

    interesting, if it is true that you can increase your borrowing capacity by increasing the number of trusts/companies that you setup then won’t everyone be doing that?

    CharlieX
    Participant
    @charliex
    Join Date: 2015
    Post Count: 98
    March 12, 2015 - 5:48 pm

    broker’s commissions have to be transparent to the clients?
    the clients are the public?

    • This reply was modified 9 years, 9 months ago by  CharlieX.
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