Forum Replies Created
[
]Can only strongly support Stuart’s comments about getting pre-approval. As I mortgage broker, I detest telling potential clients that the property they have their heart set on can’t be financed because of x y &/or z. We had a client who spent a lot of money on property inspections etc even after I had told him getting finance would be very difficult because of the property location and LVR required. He insisted we try, so we were both out of pocket.
With preapproval, he would have known what he could have purchased, and be certain that he finance the deal if everything else was ok.
With preapproval, it gives us the opportunity to really assess our clients needs and circumstances and get the best possible arrangement for them.Of course, the devil’s in the detail.
Guys, I think it is a great idea designed to make the banks more money. If I own the house and decide to do extensions or renovations, or otherwise add value apart from the natural capital growth, will the bank contribute their share of the costs, including an allowance for my labour[?][?] I think not[]. Suffuce to say, it sounds good, too good[][][
]Thanks guys – sent email to order today[][]
Hi VioletaAs I don’t know your accounts this is just speculation, I think maybe you have the wrong accountant. We had an account up until last Sunday when we decided on our way home from the semiinar that he just didn’t fit out plan. So on Tuesday we found a new one, he has actually written a very good book about trusts which I have to say if mind blowing when you learn of the little tricks (thats really funny that I wrote that because his book is called trust magic) you can use.
Be sure you have the right players on your team that aren’t putting hurdles in your way.
Good Luck
Cheers
Leigh K[]Read, learn, grow but most of all just do it.
Leigh what is the title of the book and is it available through bookshops? thanks
We set up family trust on the advice of our accountant sfter a long discussion about where we were going and what we had in mind. He had no hesitation in strongly recommending that structure, even though at this stage we really had nothiong to put into it, but with plans to do stuff quickly it was better to have it set up so we could use it than have to undo it all and pay a whole lot of fees and taxes for nothing.To steve and anybody who felt as frustrated and p***ed off as I did after the game at not being able settle on a purchase.
That was the Ha Ha for my weekend[]
When I got back to my motel room that night I went over the whole game and in fact the weekend. I basically worked out exactly what Steve points out at the top. This can be very frustrating, and we did not start out with a strategy. In fact we did not start out with a plan at all. – Lesson 1
Lesson 2, it will be frustrating and time consuming and require the investment of a lot of energy to be successful, but to achieve, you must start!
Lesson 3, find those who can help and if necessary pay for it. It will be a small price to pay and a necessary step to success
Lesson 4, thyere are a lot more lessons to learn!!
Thanks Steve and crew.[
]Hi all
Just returned to the office today with my head still spinning from the unbelievable weekend with such a powerful group of people. I got about three hours sleep over the weekend and probably wont go to bed tonight – so much to do to get the action plan started. First step – completely rewrite our goals because I previously doubted that it really could be done, but after meeting so many of you it realised that it could be – if I take action!Met quite a few from qld – heard mentioned that some got together occasionally to swap tales!
CAn someone let me know if I got it right and where and when?[]
]Can only strongly support Stuart’s comments about getting pre-approval. As I mortgage broker, I detest telling potential clients that the property they have their heart set on can’t be financed because of x y &/or z. We had a client who spent a lot of money on property inspections etc even after I had told him getting finance would be very difficult because of the property location and LVR required. He insisted we try, so we were both out of pocket.
]. Suffuce to say, it sounds good, too good[
][
]
