No worries!

And welcome, now how about posting their details so we can have a look ourselves or do we have to e-mail you first?

Brendon

Acute Mortgage Reductions
http://www.acutemr.com.au
brendon@acutemr.com.au

I totally agree Pisces.

Up here in Brisbane a certain Valuation firm is used by the CBA on most refinances I see, and the majority of the time it a extremely conservative val.

I have been on the recieving end of one from this firm, and that fact that the CBA is using them more and more would suggest that thay are being instructed to value…[Read more]

Excellent Post Afloat

Looks like you have throughly done your research, and certainly something to put in the backburner for the next European trip.

Brendon

Acute Mortgage Reductions
http://www.acutemr.com.au
brendon@acutemr.com.au

Quote:
Originally posted by Lister:
I’m concerned that you are involved in Mortgage Reduction but you do not have a basic understanding of stamp duty? When you build a house you pay GST on the construction, you only pay stamp duty on the land value !

Guest wrote:

Hi 1Hot

I think the question was though, about the bank disclosing the valuation to their client, not the client getting a copy from the valuer.

If the bank was open and honest through the whole process, and wasn’t ‘influencing’ the valuation in conservative manner(especially when refinancing) they would have no trouble showing the valuation to…[Read more]

Hi Wallflower

I think what you are talking about is cross-collaterising the two properties where you don’t actually draw out the equity from your PPOR.

The bank would look at the total LVR over the 2 properties and if it’s 80% or under they will loan you the full amount of the new IP.

There will always be some debate whether this is the best…[Read more]

Originally posted by Pursefattener:
My banker at the CBA gives me a copy of the valuation that the valuer has prepared and makes no bones about it.

Pursefattener

Hi Pursefattener

You are extremely fortunate to have a CBA banker like that. I suggest when he moves, you move with him.

We always have our valuations available to our clients. Even…[Read more]

Quote:
Originally posted by wayneL:
>>
Geronimo, are you refering to the chain setup over there? I understand this can complicate things, but I have some very close friends who are living and investing there at the moment(Basingstoke area)…they have mentioned this, but it hasn’t held them up too much. They have done exceptionally well.

Hi…[Read more]

Why would you want to settle on the full package and pay max stamp duty?

Would it not make more sense to settle on the land prior to the house being finished so you only pay Stamp Duty on the land component?

Brendon

Acute Mortgage Reductions
http://www.acutemr.com.au
brendon@acutemr.com.au

Originally posted by karinya:

If anyone is aware of a company or groups of people that I can talk to, I would appreciate any feedback. Cheers Karinya

karen jacobsen

Hi Karen

And welcome. I have been investigating a group in Brisbane called Cashflow Programs, who effectively run small seminars teaching people about Lease Options.

They…[Read more]

Hi George

Couldn’t get onto their website, can you check that address?

Brendon

Acute Mortgage Reductions
http://www.acutemr.com.au
brendon@acutemr.com.au

A question for all you spotters/bird dogs etc.

Aceyducey mentioned licenses, although I would of thought over in NZ as with here you don’t need a license if you’re tying up the property and onselling it to an investor for a fee.

Do you guys mind if I ask if you’re licensed buyers agents or apply the scenario above?

Brendon

Acute Mortgage…[Read more]

Originally posted by camder:
This way was chosen because we are now require to paying the least amouint off per week BUT we will be also paying our XS rents into the loan to reduce the debt.

Spot on Camder,

One thing to remember is, just because you have an IO loan doesn’t mean you are not able to pay down the principle , it just means that…[Read more]

Hi Keith

I would suggest to keep looking though, and consult a good financial planner show who can show you secure investments with a better return, and a shorter term than that.

Brendon

Acute Mortgage Reductions
http://www.acutemr.com.au
brendon@acutemr.com.au

A few more basic ideas:

1. Do a few property trades ie. buy and sell for cash. This will allow you to put down a slightly larger deposit on that next IP and the banks will be a little more comfortable.

2. Draw out equity and invest in alternative cashflow investments(a good financial planner can show you a few) that return more than the bank…[Read more]

Hi Aaron

The standard is 1% but you can agree on any amount with the other party. Pretty much as with a standard contract.

Brendon

Acute Mortgage Reductions
http://www.acutemr.com.au
brendon@acutemr.com.au

Hi

I think it is ACR, but 7.25% ain’t that flash, and 8% is even worse to tie up your funds for 5 years!

Find a good accountant or financial advisor and they can point you in the direction of secure investments with a better return than that.

Good Luck!

Brendon

Acute Mortgage Reductions
http://www.acutemr.com.au
brendon@acutemr.com.au

Hi Terry

To save yourself a lot of unnecessary e-mails/phonecalls, can you post some general info on what you are able to do for Australian Investors who wish to purchase IP’s in NZ.

Some general info on LVR’s, max Int only terms etc. would be appreciated.

Regards

Brendon

Acute Mortgage Reductions
http://www.acutemr.com.au
brendon@acutemr.com.au

It seems that it’s all about who you know unfortunately.

I have spoken to investors who got an 85% lend straight off the bat, and then 6 months later after creating a track record, have applied to have their limit increased to 90 or 95%.They had very strong applications though.

Brendon

Acute Mortgage Reductions
http://www.acutemr.com.au
brendon@acutemr.com.au

Hi Cashpoor

Is 50k a good deal for the buyers of the options?

If you can’t sell the option, under a Put/Call Option contract you will still be obliged to settle on any blocks that haven’t been onsold so make sure you’re able to.

Get a really good solicitor on your side to do up the option contracts too.

Good Luck!

Brendon

Acute Mortgage…[Read more]