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Well it appears that Destiny Financial Solutions are now advertising on the Gold Coast. Thanks to their Gold Coast Director who is now calling himself a property investment educator????? but wait he has also spent $32,000 on education and personal development…..I feel so safe now that he has spent all that money on education (sarcasm)… funny he does not mention he is a financial advisor or member of the MFAA or any financial body… but when one of his revolutionary ways to educate yourself if you have no money is to go to a library and read….WOW this guy knows his stuff…. sorry for all the sarcasm but I am truly sick of seeing these so called experts that have no qualifications or are able to say they themselves are real time investors (not just a single investment property but an entire portfolio of more thasn 10) telling the public that they can make them money just sign up… I thought after the whole Henry Kaye situation that we would see the last of the spruikers in the property market… but low and behold here comes Destiny Financial Solutions… give me and the public a break from this garbage!!!!!
I admire changing your career and having a go at something you feel passionate about… its a little concerning that you are after feedback since you are technically a 'professional'? When dealing with brokers, the public expect someone who has a lot of experience and is able to answer a range of lender and loan questions. As an investor I would only deal with a broker who has had years of experience in a range of financial occupations…such as loan writer or even having worked in a bank becoming familiar with all the proceeses regarding loans.. I too have become a mortgage broker in the past few years but am working for an experienced broker to get all the experience I need before even thinking about going out alone. I assume that working for someone will be for several years so I get experience in a range of sceanrios and learn all I can. Its easy to buy a franchise and hope for successs.. i hope you do well but concerned that you are providing advice at seminars when it appears you are still in the infancy stage of your brokering career..
Be worried…I had a loan several years ago..then 18 months later the loan was taken over by GE Money..since that moment interest rates rose (not in line with other lenders) then the exit fees were astonishing…the service they provided was non existant… my only advice is look for another lender that has what you want and stay away from GE Money… its a shame Wizard have sold out
Great, another broker or agent trying to push their products…obviously business is slow and cant afford to advertise…
I personally have had a similar situation occur (unfortunately not at Zebulun's property level) 2.3 million is very impressive and you should be proud of doing what you have done. I am presently using a part interest capitalisation loan, allowing the rent to cover costs and tapping into a small portion of my equity. This allows me to sleep easy at night and also have a buffer for any future interest raises. Its maybe not the answer to everybodies problems, but it is servicing me very well at the moment.
Looking at St George and ANZ websites, I cant seem to find any info on their professional packages? Why is this? Is it because they would rather sell to customers basic packages rather than advertisement specials??
Terry I earn approx. $60K as a teacher and my wife owns her own business (for 9 years) but is paid by the company approx $60K. We have a $400k loan and a property worth between $500 and $570 ( have been given a few appraisals and they are all different. We know its around $550 looking at recent sales in our area with similar land size.. As i said any help with product advice would be great
Thanks everyone for the info…helps her out alot. She is able to breath a bit easier knowing she wont pay huge amounts for CGT. Unfortunately she still wont think about holding onto the property which is in a growing area of the Gold Coast and has a large block size…Once again thanks all for the advice.
The property was purchased by my friends mother before 1985 and was used as her mothers PPOR for the entire time untill she passed away earlier this year. In September of this year my friend bought her sister's share of $200 000 meaning she has a loan of $200K on a property worth $400K. It is currently being rented out. My understanding of tax (very basic knowledge) is that she will have to pay CGT on the $200K as this will be her profit from the sale.??????
Hey this 'so called' mortgage advisor has laid more posts than a fencing contractor…(attempted humour)…
What availability are low doc or no doc investment loans? I know due to her work they are able to get $10k-$20k every few weeks and would love to invest this…maybe on cheaper properties? its a thought but hoping for more imput…to those that have already contributed thank you for your adviceSorry to be a bit slow… but are you referring to John and Rondah from SA?
Im not too sure with his exact financial situation but i do know that his wife is a sole trader and has a high cash turnover and is able to provide extra money and so he is not too worried if the market goes south….
Qlds007.. I have a feeling he is hoping to invest in the Brisbane/Gold Coast corridor.. but im not too sure about exact area as im only the messenger
Rastuss
Have you had any interested parties? and if so how far down the track are you with your ideas and plans?
I am just now looking at investing in the US and from what i can see the opportunities to make a nice profit are more lucrative than what is currently available here down under.
