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  • Profile photo of enladenlad
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    @enlad
    Join Date: 2004
    Post Count: 7
    April 18, 2004 - 6:23 am

    Thanks Geo. I remember you helping me with another reply so thanks for that as well.

    Can you tell me how I get in contact with Westan? [blush2] Is he a poster on this forum?

    Profile photo of enladenlad
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    @enlad
    Join Date: 2004
    Post Count: 7
    March 25, 2004 - 7:26 am

    I might have some useful input cuz I just went to see a Mortgage Broker with an extensive list of fund providers.

    For new loans above $250K (refinance in your case) St George bank has one of the best rates on a professional package for 6.37%. This is a negotiated rate for those borrowing above 250K remember so won’t be advertised. Apparently, the big 4 won’t even offer to negotiate if you dun borrow in excess of 500k to over 1 mill.

    Profile photo of enladenlad
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    @enlad
    Join Date: 2004
    Post Count: 7
    March 25, 2004 - 6:18 am

    Thanks guys

    I’m currently into my second book property investment book. I’m building on my bookish knowledge of the topic but I’m thinking it will be nerve racking when actually putting the money down. In my opinion nothing beats good old fashion experience. My plan was to hire someone for the first property to confirm what I learnt from the books and then proceed myself. Didn’t you guys feel nervous in the beginning?

    Profile photo of enladenlad
    Member
    @enlad
    Join Date: 2004
    Post Count: 7
    March 25, 2004 - 5:32 am

    Thanks Chan

    My problem is that I won’t be able to service a $900K debt on my salary (probably even with the rental). Also, I forgot to mention I’m in Vic and $100K properties are hard to come by I think.

    I hope to be able to do this one day though but I probably shouldn’t aim too high at the moment? It’s all exhilerating and daunting at the same time.

    Anyone in Melb willing to hire their property consultancy services out for a fee that is lower then the current buyer’s advocates of 2% of property purchase? I’d be interested :)

Viewing 4 posts - 1 through 4 (of 4 total)