As a side note Aussie banks wont take foreign property as security as there is no way (or at best long and protracted) to get a hold of the security to recover funds in the worse case scenario.

There is a good chance, I guess, that he did some mistake somewhere and only when the borrower will be ready to buy is when he will discover that he can’t borrow that much but I’m just wondering if there could be any other explanation that I’ve missed…

This ^^^^^ is the reason why I collect ALL the key metrics pre application so the advice…[Read more]

There is a good chance, I guess, that he did some mistake somewhere and only when the borrower will be ready to buy is when he will discover that he can’t borrow that much but I’m just wondering if there could be any other explanation that I’ve missed…

This ^^^^^ is the reason why I collect ALL the key metrics post application so the advice…[Read more]

Get in touch with a broker from this forum if you want to build a multi property portfolio. No offence to the moderators who do an stellar job but these place are largely “self regulating” and if you are not excellent at what you do it doesn’t take long for people to find out.

Distance isn’t an issue as we would all have clients Auswide as well…[Read more]

When considering apartments/townhouses/villas look for a plot ratio of 70/30 meaning there is a land to building ratio greater than 30% as its land that will appreciate in value over time and the building will depreciate over time.

Has anyone had any experience with paying interest on mortgage a year in advance? Can you tell me how this went?

Its a legit strategy to reduce taxable income but a bit of cat and mouse as you are receiving a tax break in advance.

Valuers report would reveal some pertinent info so get an upfront valuation done first. Will be free if resi via a broker but could cost a few k commercial.

Just came across this one;

“The best investment you can make is in yourself.” – Warren Buffett

I agree with Corey, its a full time commitment and some, especially when starting out.

You will need to do a lot of networking and marketing to get clients and this can be done on a a budget and will likely be that way regardless.

A good book I listened to via audible.com a few years back was called “Duct Tape Marketing” which is about clever…[Read more]

Read a great one the other day and went something like this;

“Investing in property is correct finance structuring with a house in the middle”

@qlds007 would be interested in learning more about your private lending options Richard. Have sent you a PM and an email.

Searching via maps is also a handy tool especially if looking for development sites.

1. They will check that your PPOR has sizable equity before wanting your business. This is so the excess equity in your PPOR can make up for an over-valued IP that they want to sell you. Of course, any salesperson might quiz you to see if you have “Deposit and Costs available” – either in Equity or savings. Those with bad intentions want to see E…

[Read more]

More and more are coming on-board. ANZ kicked it off and now Westpac, St George and others are joining in.

If it’s a yes, how should we arrange 2nd mortgage.

You would need to talk to an investment savvy mortgage broker to map out a suitable finance structure. If done wrong it could cause some pain.

As @benny has already mentioned you would want to do your research (or pay a professional to do it) so you understand the current dynamics and how t…[Read more]

If it’s a yes, how should we arrange 2nd mortgage.

You would need to talk to an investment savvy mortgage broker to map out a suitable finance structure. If done wrong it could cause some pain.

As @benny has already mentioned you would want to do your research (or pay a professional to do it) so you understand the current dynamics and how t…

[Read more]

@jaydenwalter you can link an offset to your PPOR and store / build up as much cash as possible and use the funds to debt recycle when required.

Debt recycling is converting non deductable debt to deductable debt by paying down the PPOR debt and reborowing and placing new lending in a separate loan split.

[/quote]would love to do that! The loan only came out at $260,000 maybe the banks are starting to hold back their lending.[/quote]

It could be that you have hit the serviceability or may need to make sure you have exhausted all options with other lenders. Your broker may have missed something?

I would love to do that! The loan only came out at $260,000 maybe the banks are starting to hold back their lending.[/quote]

It could be that you have hit the serviceability or may need to make sure you have exhausted all options with other lenders. Your broker may have missed something?

I attended a seminar back in 2000 and the speaker said;

“Its a great time to buy property in Perth. Buy what you can afford. If its a bedsit, buy that, if its a 1 bedroom flat, buy that, if its a 2 bedder buy that, if a 3 x 1 buy that” and so on

The point was work out what you can afford and go and buy it!

What really got me interested is when…[Read more]