Hi KrisThis is a possibility that this can be done.There are more lender's now who are moving to the non genuine savings space.If you like, you can contact me to run through the figures and I can give a better indication what needs to be done.RegardsRob BolognaDollar Wise Financial Services03 9763 [email protected]

Hi StojWithin some platforms of the superannuation, you are able to invest the funds in term deposits and either put it in an allocated pension and take it when needed.This would be a better option than to take it out of super as it is treated better tax wise inside super or a pension.If you like shoot me an email [email protected] or call…[Read more]

I too have purchased all my invest properties in reginal vic Moe in Gippsland region. Great yields and there has been some captial growth even in the downturn.Best way to go I think.RegardsRob 

DaveAt the end of the day, it's not how much money we make, it;'s about how much we can save.Now that you know where your funds are going to and you know either how much you can save or area's you can cut back to save extra.Next step is to open a saving account, preferably high interest and not easily accessable – online saver is good.Set up a…[Read more]

Hi DaveBest thing to do is type in google budget sheet. Hopefully there is a speadsheet that comes up where it runs through your expenses, cashflow and assets.From that you will be able to see where your funds are going, if there is any funds left over or where you may be able to save some money.Then set your self a budget, and try and stick to…[Read more]

Hi ReggieLamI know some lender who are willing to accept the age pension as income.Depending on your total income and the amount you require, if this services, I don't see why you will not be able to get a loan.Without knowing how much pension you receive, what amount you are wanting to borrow ect. it is hard to know what you will be able to…[Read more]

Hi DonkeyI think Frankston would be a great buy. It's the start of the Mornington peninsular and there is going to be a lot of money spent in making it more attractive.It has a bad stigma with the people in Melbourne though even Frankston North, where you are still able to find properties for around $300 is good. That part is more rentals rather…[Read more]

Hi NicholasI think the best company to do the RG 146 would be Kaplan. They are industry recognised.RegardsRob Bologna[email protected]

Hi MissersBest thing to do is talk to a broker or lending manager at your bank. If you are currently looking it is proberbly best to get a pre approval so you know what price range you can afford and if something pops up which you like in your price range, you will be more than likely able to get the loan and make an offer subject to a…[Read more]

Hi nOOb1990If you want to get into financial planning try AMP as they run a horizon's program for new planner starting in the industry.I think it's a 6 month program which will train you and then find a placement for you either within a practice or with the horizon's group till you find a practice to work for. It is a great career opportunity as…[Read more]

Hi jrm88So long as there is either no probationary period or the probationary period is ended, you will find most lenders will take into consideration your income.That means if you find employment tomorrow and the employer is willing to sign that there is no probationary period, your income can be included.RegardsRob BolognaDollar Wise Financial…[Read more]

HiCorrect me if i'm wrong, though I thought if been bankrupt you were unable to get any loans – Including vendour finance.

How about Doveton.Close to Dandenong, great rental potential and still relatively cheap.

Great answer RichardThe banks would definately not rebate when refinancing.Most brokers are independant businesses who have invested interest in their client's, thus it would be silly to give misleading info or a wrong product just for commision.The broker will lose more business in the long run.My perspective with a good broker you build a great…[Read more]

FishgymIs the main reason you want the properties to stand alone because you are looking at selling or repurchasing?RegardsRob BolognaDollar Wise Financial Services[email protected]

Hi Fishgym,I know with the CBA they have changed their lending policy to refinance / purchase to a 90%LVR, though if you are an existing client and looking at purchasing I know they will go up to 95% LVR. As far as placing each loans to stand alone, more than likely they would have to be on an overall 80% LVR.Talk to the loans manager or as…[Read more]

Once again Mike – THANKS.Must catch up one day for a chat…Hope to speak soonRegardsRob

Hi MikeWhat a great thing you are doing…Received the reprt this morning for a block of units I am purchesing though they are all on 1 title.Was a bit worried how this may affect future vals.With the report it seems like I may have purchased the block a little under value.Thanks once again. Hope can come back to you if require another.RegardsRob Bologna

HiAnyone getting finance these day's should suggest a finance clause of 21 day's if possible and a settlement date of at least 60 day's.It is getting very difficult with the banks, as mentioned  in above posts, depending on what bank, it may take as quick as 48 hours to 4 weeks (where I know ANZ is at the moment).Unfortunatley it is not the…[Read more]

If you want to get into the industry the best thing to do is join a aggregator or bank.With your cert iv, this should get you a position where possably the employer will pay for the MFAA fee and you will be getting paid a wage and commision.Like Terryw said it would be good to get into financial planning as well so you are authorised to give…[Read more]