Forum Replies Created
try fowles at narre warren for carpet. cheap comes in modern colours and i have had 2 tenants tell me how they love the carpet its so easy to keep clean. have had it one property for 51/2 years still looks good.
maybe have a chat to a good mortgage broker and see what they can do for you. but remember if one says no ask another
we almost got caught up in the hype through a company called domain charter group when we did our homework we found out we could buy land and build through any local builder at around 30 to 40 k less than they were charging us. we thought the interest we would have to pay on the loan for the land whilst the house was being built was nothing compared to this and have since found out that as the intention was to build an investment property the interest is actually tax deductable. about the area i'm not so sure we will see. looks a nice area and has all the amenities.
we recently built a 4br 2 bath home with double garage. the decision was made after looking at what was available in the area. they were mostly 3br single garage some with ensuite some without. the area is a young family area so we figured most people would have 2 cars. with our house the only available with double garage there would be less competition in the rental market. so look at who rents in the area and what they would need. no point in 4 br if elderley or singles want to rent, and is there something that would make yours stand out from the rest
Qlds007 wrote:DebraWow straight out of the blocks and on that high horse.
1) they only charge to become members not for refinancing – I rest my case.
2) we have put 5 of our propertys into one line of credit split so that every 12 months we can revalue and take the excess to deposit on another property. to refinance 5 propertys every year to gain 20k from each property would just cost to much you would also have to many enquirys on your credit file and been a pain in the bum in general been there done that. – Thankfully your opinion is based on lending facts.
3) we also got a better interest rate because of the size of the loan saving us about $100 a week. I disagree with you there. Why not post the lender and the deal on the forum and we can all see how wonderful it is. Or is that part of the secret you are paying for.
Wayne's response to your post about X collateralising is a great explanation of why you wouldn't do it in the first place.
As for knowing that some of their consultants own IP's is this just a myth or did they show you their balance sheet.
Still go back to my original sentiment why pay to become a member of something that most decent broker would do for nothing.
1) i haven't paid destiny any money not sure what i rest my case refers to
3)there is no secret 7.28% low doc loan negotiated with colonial as i said i haven't paid destiny a cent. the loan comes under the mav pack which we already have so there are no establishment fees or valuation fees as i said it suits us at the moment for the reasons i said before. and i'm not tied to one lender i can go elswhere anytime i like. our other propertys are with 3 other lenders. we'll see how this approach goes
not sure why you are so anti destiny when you obviously don't know much about them
Qlds007 wrote:You bet they suggest you cross collateralise your loans together as once you are deep in with one lender or broker it is very difficult to get out and release securities.Why would you pay for something the average broker does for nothing especially as half their consultants probably dont have more than a couple of properties in their portfolio.
Hardly speaking from a path of experience.
it is not at all difficult to change lender or mortgage broker. i do it all the time. destiny consultants all have investment propertys some more than others. if you want check the facts for yourself just ask them. don't just asume as in "probably don't have"
there is no charge for mortgage broking as i said check the FACTSwe have recently been to destiny and refinanced at no cost. they only charge to become members not for refinancing. we have put 5 of our propertys into one line of credit split so that every 12 months we can revalue and take the excess to deposit on another property. to refinance 5 propertys every year to gain 20k from each property would just cost to much you would also have to many enquirys on your credit file and been a pain in the bum in general been there done that. we will see how it goes we still have another 6 on there own and also have no intention of selling. also 11 different loans with 7 different lenders was getting to much at tax time. we also got a better interest rate because of the size of the loan saving us about $100 a week.
i'm interested to know about spiro kladis too
