Lalibella,you don't need to use different lender for different property,, you just need to structure it properly(i.e. one loan against one property.. not X-collaterised)Fiona… I think it is a bit ambitious with the 2nd IP of 1.2 million… remember GFC is not ending yet… may be just the beginning of the crisis…. the full impact is till next…[Read more]

It is a spam

…. probably with 6 milliions of debt LOL..

It is very dangerous to do it… unless u have sorted all the finances/solicitor to view the contract and build/pest inpsection…

Did you buy the property unseen??You also need to consider where about the property is i.e. on the major regional or small rural town.

Well.. I am thinking about flying to Albury to see some of the properties before making the commitment.. I went to see a property (main house with 2 bed granny flat) with good return but short of expectation after inspection.Lesson learned.

Terry,Any solution in this case… I know it is 'easy' to look back in retrospective

D,I am totally agree with what you mentioned above.But, despite the bad comments about Premim Finance, people will ignore it because it is the way how they sell the products/advice.World is not perfect ,D… this is they way how they earn $$$ from the unsuspecting investors. 

Did you X-collateralised your loans?

D,I don't think anyone care about 'small' loss. Sydney morning herald just exposed two big collapses of MIS (management investment Scheme) on Timbercorp and Greater Souther Plantation. Investors are losing more than 1 billions dollars.PF is only minor for ASIC.

Kerrie,I don't think it is slightly higher for duplex considering A$ 7500… (i.e. almost double)

Offer 100k probably… as there is a minimal value of the buildings

Being a newbie,1.) can i ask why is a property lawyer always much preferred than a dodgy solicitor?==> some of the solicitors are useless… they don't have experienced at all… been involved with one of them before… so becareful to choose the solicitor… preferably someone with property law experience. They can advise u better….though come…[Read more]

I thought that this has been advertised few months ago…

julee, you can always search the archieve from this website regarding investment in serviced apartment.Most investors would vote against it

I agree BUT the 'key' is finding a good mortgage broker .The advantages will outweigh the disadvantage if you have a good mortgage broker.

Well done rudraWhy not you explain to us… regarding the 'magic plan' of the so called "Premium finance"Cheers

This could be the second chapter of ASIC investigation after collapsing of Storm Financial Services.I would  not securing against my PPOR if I want to buy an 'over-value' IP

so..what is your point?

Hei rudra,I thought that you  are one of the fans of "Premium Finance"Did they tell you using simple calculation to find out the positively geared properties?Why not you asked your so-called mentor