Total Members: 159,189

George2

  • George2 replied to the topic new to investing in the forum The Treasure Chest 21 years, 2 months ago

    Hi Discus

    yep got to agree go and see a broker. it doesnt cost anything and they are there to get the best deal for you they get paid for finding a loan for you so they are not like a bank with little catch clauses to elimante you. make an appointment and sit and talk with them and its agood idea to take a note pad a pen because your head will be…[Read more]

  • George2 replied to the topic First timer in the forum The Treasure Chest 21 years, 2 months ago

    fiannce provider I meant finance provider

  • George2 replied to the topic First timer in the forum The Treasure Chest 21 years, 2 months ago

    It really up to you. I have a p&i loan on my PPOR and an IO loan taken out on the PPOR to finance the 20% of the IP then another IO loan for the other 80% …… i dont believe i am talking like this. By george ive got it. talk to your fiannce provider i went to mortgage house and spoke with the guy for hours and have been back many times he knows…[Read more]

  • George2 replied to the topic 100% $ from banks?? in the forum The Treasure Chest 21 years, 2 months ago

    Mortgage Hunter

    YOu might be saying that what i did was right. I refinanced my own home and used the collateral to pay the 20% deposit then borrowd the 80% to get the house all on Interest only. Is this the best way? and if it is I did this throught good luck rather than good management. Both properties are increasing in value and I now want to…[Read more]

  • George2 replied to the topic What’s your profession? in the forum No Subject 21 years, 2 months ago

    Hi Private investigator. was working for the insurance companies ….you know follow people get video, testify in court, receive death threats fun job. quit that last month Now unemployed [8D]

  • George2 replied to the topic Jokes? in the forum No Subject 21 years, 2 months ago

    The dyslexic agnostic insomniac lies awake all night wondering if there really is a dog

  • George2 replied to the topic First timer in the forum The Treasure Chest 21 years, 2 months ago

    Hi
    excellant plan doing in depth scrutiny of the tennant lol. [:D]
    But plan for the unexpected. what would it rent for in the area you intend to buy. Vacancy rates etc.
    Did the same thing with inlaws bought the house they moved in three weeks later they got transfered. [8]Just a problem waiting for a solution had another tennent before they moved out. [:D]

  • George2 replied to the topic rural research in the forum No Subject 21 years, 2 months ago

    Hi
    you can try this site http://www.abs.gov.au/

    or if you know the town you want check teh localcouncil web page like the council of orange in NSW http://www.orange.nsw.gov.au/
    thay have lots of facts about the growth of the area

    Pad[8D]

  • George2 replied to the topic 100% $ from banks?? in the forum The Treasure Chest 21 years, 2 months ago

    Yes please I also need an explaination of terms I have LVR (loan to value ratio) ROI (return on investment) MI (Mortgage insurance) but what is PPOR and LMI
    Thanks[8D]

  • George2 replied to the topic Future Property Bust in the forum The Treasure Chest 21 years, 2 months ago

    Hi
    you might want to read this article in the SMH today

    http://www.smh.com.au/articles/2003/09/04/1062548939730.html

  • George2 replied to the topic Help please!!! in the forum The Treasure Chest 21 years, 2 months ago

    I worked as a labourer to a developer and when the stumps sagged into the ground we just used a car jack and jacked up the floor and put in blocks or fibro. Also with the Public liability. I was an insurance investigator for 24 years and i strongly suggest that with any property that you own do not let the insurance policy lapse or you will be up…[Read more]

  • George2 replied to the topic To regional or not to regional in the forum The Treasure Chest 21 years, 2 months ago

    Yep. I am new to the market and just yesterday i did as the book suggest and got active. I drove with my partner in crime to the regional centres of NSW and everywhere we went it was the same story Prices are booming and have been for the past two years. we even went to a little town with a population of less than one thousand and found an estate…[Read more]

George2

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