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Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of cmur7cmur7
    Participant
    @cmur7
    Join Date: 2013
    Post Count: 8
    March 11, 2013 - 5:00 am

    What about Chan & Naylor accountants, I hear they specialise in property investment and set up of trust structures. Has anyone used them? Any feedback/recommendations?

    Profile photo of cmur7cmur7
    Participant
    @cmur7
    Join Date: 2013
    Post Count: 8
    March 1, 2013 - 11:48 pm

    If the outstanding amount is settled is there any way the listing on the credit file can be removed?

    Profile photo of cmur7cmur7
    Participant
    @cmur7
    Join Date: 2013
    Post Count: 8
    March 1, 2013 - 4:21 am

    http://www.wealthadviser.com.au/images/downloads/The_11_Greatest_NRAS_Mistakes.pdf

    This is a great read on what to watch out for in a NRAS property investment.

    Profile photo of cmur7cmur7
    Participant
    @cmur7
    Join Date: 2013
    Post Count: 8
    March 1, 2013 - 1:36 am

    People do make mistakes and learn through bad experiences. I am here to learn.

    What strategies can I use to get finance? As in lower LVR to say 70% or 80%? 

    Will going in as a joint applicant with somebody with good credit help?

    Thanks,

    cmur7

    Profile photo of cmur7cmur7
    Participant
    @cmur7
    Join Date: 2013
    Post Count: 8
    March 1, 2013 - 12:50 am

    Can you give me a few examples of specialist lenders?

    Thanks,

    cmur7

    Profile photo of cmur7cmur7
    Participant
    @cmur7
    Join Date: 2013
    Post Count: 8
    March 1, 2013 - 12:47 am

    Thanks for that,

    cmur7

    Profile photo of cmur7cmur7
    Participant
    @cmur7
    Join Date: 2013
    Post Count: 8
    March 1, 2013 - 12:12 am

    Thanks for your response, here are the answers to your questions.

    1. The default is my fault. I went overseas for my daughters birth and forgot to pay my credit card bills that kept piling on. (I did close all other credit commitments that I had around that time)

    2. It is still outstanding. Do I pay this off as soon as I can or can I get a low doc load that takes this into consideration. (I understand that these loans can cost an additional +2% interest rate)

    3. I am looking for a 90% LVR

    4. I will be applying in my name only.

    Thanks,

    cmur7

Viewing 7 posts - 1 through 7 (of 7 total)