I would hearlty recommend John Burleys book – it could literally save you thousands. While it dosen’t have that many “creative financing” techniques it will give you solid level 4. I cannot tell you how important it is to understand the steps as you could be doing very creative level 5 dealings but blow it all because you base is so poor (i.e.…[Read more]

Right now I’m doing a RE deal that is returning my investors 40%, secured by a 2nd Mortgage (bank has 1st Mgt @ 42% of Value, Investors have 58% of value).

There is some downside though – minimum investment is in $50K to $100K lots and a holding period of 12mths minimum (stretching further to 6 months if we are having difficulties (though with 9%…[Read more]

You also have to remember that Uni holidays last for about 3 months (Dec->March), so you will have to factor that in. Also perhaps reduce the rent a small amount and take a larger deposit to cover any damage.

Also why not buy another property around the area for $250K+ and do the same as the other people are currently doing. Also you can add…[Read more]

“Capitalisation tick box – Please Explain”

This is where costs (such as mortgage insurance and application fee) are added to the loan (so your actuall borrowings increase). I thought a tick box was a good way as a simple click and it’s added to the loan.

As I said before it’s a great little program, simple yet highly advanced.[]

Rgds.
Lucifer_au

It seems tops! I calculated my COCr a bit higher (by hand), but certainly in the accetable range anyhow .

I think many people (esp. on dial-up!) would be turned off with the 23MB .NET D/L. Even on ADSL it was round 6mins (at a very high D/L speed…).

Also can you put in a capitlisation tick box (as I get all my loan costs where possible). This…[Read more]

It looks great for negative gearing… but what happens if you are positive gearing???? Of course the figures don’t work out… But wouldn’t your target market be bigger if you could put in option for negative gearing or cashflow postive properties??

Rgds.
Lucifer_au

I can see it become one large spam topic – and if that dosen’t happen – can you imagine how many people will be using ‘spambots’ to advertise… well everything!.

Rgds.
Lucifer_au

Good info Bryce.[]

Rgds.
Lucifer_au

Lucifer, it is my understanding that there isn’t mcuh difference these days between investment and owner occupier loans.

->There is if you want FHOG.

“Also, the bank should be more than happy to see written down anything about extra income to support the payments. It may help the loan across the line.”

->The Bank will want it to be put down as…[Read more]

Just to clarify they don’t like Garauntors because of bad publicity / media when they are forced to take over other property.

Also there are two ways of going either a Investment loan or a house loan. If it is a house loan she would proably get the $7K FHOG, but will not get rental income factored in (from the bank), if it goes investment loan…[Read more]

Banks want to see long term stable income, and so currently they wouldn’t lend to her (unless she went with a 20% or more deposit, and even then they might not lend the money req.).

Banks also don’t like going Garauntor mainly because if she stops paying they might be forced to liquidate the property holding of the garauntor (i.e. the home you…[Read more]

According to Neil Jenman agents collect alot of $$$ from media kick backs. They show a RRP to you (and you have to pay it) and they are buying it for 20% less (or the media gives them a comission or kick back for it).

To chose an agent, and your not in a hurry to sell I would see which ones recommend a auction – and then I would steer clear of…[Read more]

A trust is an entity, just like a corporation (or company), as an entity it is seperate from you.

Usually a trust is used to avoid have to pay the full 30% CGT that companies have to pay (individuals & trusts only have to pay 15%). It is also used for asset protection, as if you are sued personally it can be much more difficult (almost…[Read more]

Well it looks like I’ve lied!!! The first one is P&I!! AARRGHHH… [:0][8][:0][8][]. Well the next ones will be I.O. So the repayments should be around $68p/w. Apparently though they don’t like the risk (rather than a serviciability issue).

Again ANY HELP much Appreciated.

Rgds.
Lucifer_au