Forum Replies Created
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 swimming when you get out of there to get yourself started try sites like this http://www.mortgagehouse.com.au/index.asp and if you get a person that you dont like go to another
place it doesnt cost you and when you meet a loan advisor that you get on with talk a lot find a common interest if you get on well with them remember that in the future you will be able to phone up and get things moving fast because of the raport that you have. its a people business get to know people. I hope that this helpsfiannce provider ]these guys will sell anything I meant finance provider
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 my details off by heart for calculations so he is part of my team to build my freedom
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 get +ve properties.
Yeah Yeah Yeah I have heard it all before and as far as any story goes Bad news sells, it doesnt matter if it is true or not just that it sells. Just look at the news and you will see misery loves company. yet there are people who want to help and create win win situations. Positive is always better than negative. I have just changed my job from PI (Private Investigator) to PI (Property Investor) In my old job i was told that they would kill me, burn my house down and murder my family. dont worry about what one person says steve this is nothing. I think he makes money on selling loose loose stories
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]
The dyslexic agnostic insomniac lies awake all night wondering if there really is a dog
Hi
excellant plan doing in depth scrutiny of the tennant lol. [
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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. []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 areaPad[8D]
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]Hi
you might want to read this article in the SMH todayhttp://www.smh.com.au/articles/2003/09/04/1062548939730.html
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 the creek without a paddle. remember …to the insurance company you are an asset while you pay your premiums and a liability if you lodge a claim and they will try to get out of it at any cost. If you think something is unsafe and you knew it then it is negligence on your part. If you noticed it and there is doubt then you are aware. I would cover the floor with tiles or get the floor safe. The tennant is your asset protect them.You would hate yourself if a child was injured
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 agent that was also the bank and post office and he said the same thing. Are there still bargains to be had? yep! you just have to look real hard and not be disappointed with the first 20 or so agents that you talk to are saying that it is all gone. In Sydney 12 to 18 months ago you couldnt get the agents to return your calls because they were sell sell selling. now we get calls everyday saying are you still interested please come in and talk to us. We bought a property for capital growth. and it will do ok for us but we will sell in about 18 months time. right now we are looking for passive income properties and not the growth and wil buy now before we sell. then we will buy more [8D]
check out this article in the Sydney morning herald about property prices in all capital cities http://www.smh.com.au/articles/2003/09/04/1062548939730.html
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