Forum Replies Created
I been asking around, and seems like Adelaide bank has got the cheapest rate $35pmth. Slightly cheaper than CGU $38.
Bank Of Melbourne had seperate Landlord and Building Ins, and it costed $50+ per month to get both of them.Nessie,
where is that land? is it in Pakenham?
how big is 45 acres?i called AAMI and it is quite a lot cheaper, IF i have a car ins with them as well. BUt AAMI doesnt have monthly repayment, only yearly. If no car ins with them, its about $500+, if with car ins rating 1, then its $350+ only.
Any of u guys paying landlord ins yearly?
Gecko,
Can u pls give me AAMI’s number? thanksthe reason i asked this q is coz i read their advertsin the Australian Property Investtor magazine.
Big claims, but just wondering if its one of those ‘come and listen for 3 hours, we will gie u an overview with no details. Want more details, please pay $3000 for our weekend retreat seminar” thing.hi,
Landlord ins covers things like Rent Default and Theft by Tenant, and Loss of Rent (usualy up to 1 year coverage). Building Ins covers Public Liability, and Building Replacement Cost etc..thanks guys,
i am trying to get a few letters, to really prove to them that i have really been trying to get a loan.
( i have tried at least 8 – 10 lenders on the phone, but once they know i dont have the 20% deposit and a 6 mth genuine saving, they say i am unable to even apply. And they wont write a letter just over a phone call)
I need all the help i can get!scott,
i have sent u an email. pls check your account.fullout
mike, which lender on the internet can reply so quickly? tell me a few that u have tried, and i will try them.
Coz now i asked several lenders and they say they can usually lend up to 50% ONLY for vacant land.
So i dont think i can come up with the rest of the money, and since i still have about 2 weeks to get the rejection letter, i can still get out of this contract.mike, which lender on the internet can reply so quickly? tell me a few that u have tried, and i will try them.
Coz now i asked several lenders and they say they can usually lend up to 50% ONLY for vacant land.
So i dont think i can come up with the rest of the money, and since i still have about 2 weeks to get the rejection letter, i can still get out of this contract.which lender always process the application quickly and can give me an answer the fastest?
I have 15 days to cancel that contract.can i just send my application and then rush them to make a decision/reply?
mike,
i just called several banks and enquired, and they told me they cant lend me that high a % and that i dont have a permanent employment now.
I told the sale rep from the seller and they say sure they can cancel the contract, provided i can provide a letter from a lender.Do u mean i need to really apply for it (even when i know already that it would be unsuccessful), and perhaps get a black mark on my credit rating? Will that blacklisting make it harder for me to get loans in the future?
May i know who in this forum is using this accountant now>? Do they understand things about Positive Return Properties and Interest Only Loans. IN other words, are they good in property investment and other things like business, etc?
I may want to go and visit this guy.APIM,
does NRMA have landlord insurance too?
i went to their site and they only have building insurance and home contents.Do u usually get just Landlord Insurance for investment properties? or a combination of a few?
TheEnjolady,
i am in Melborne city, and i work in Hawthorn. Any ideas? i dont mind if he is somewhere in the suburb, not too far away.Anyone can recommend me accountants who knows a lot about Positive Property Investment and Tax Deductions in Victoria?
I have spoken to a few already, and would like to get more opinions.wow, expensive!
which State are you in?
One accountant i spoke to in Melbourne who was quite knowledgeble about investing property strategies, only charges about $150 per hour meeting.Willi,
hmm, u mean i can claim as much as i want coz i have just 1 property now? why is that so? Dont investors who have a fleet of property have a better privilege?
mmmm, Who is that accountant on the top who lists out such a long list of things like sex toys and stuff? Is he in Victoria? I would sure like to see him.
hmm,
ok what about things like property and motivation seminars, investing books like Rich Dad PoorDad, motivation books like Anthony Robbins’, homecourses like “The Wrap pack”, which are for my personal development? Can i claim on these even though i dont have the property settled in this financial year?My accountant said even if i have just 1 property, i still cant (or its a bit hard still) to claim on things like Property Seminars, and Property videotapes?
Is that true?Ozbroker,
are u based in NSW? I am in Melbourne, thanks for your offering to help. I very much appreciate it.So today, i told HOmeside to proceed with the approval, but i am just leaving it there as an option in case i cant get any other loan. In the meantime, i am trying to get a 80% loan instead, (without stupid GE insurer). DO u think Homeside will consider another application from me?
Or should i straight out try another lender.
