holdandrefinance replied to the topic Benefits of Cross Collateralising in the forum Finance 14 years, 7 months ago
the only way icould start was to x collateralise or pay a fortune in LMI which i didnt have.now i have equity i have found it sometimes time consuming but have uncrossed,had i listened to the doomsdayers i would have done nothing and not had 5 IPs under management.
holdandrefinance replied to the topic 10 yrs to retire if all goes well, Advise would be great!! in the forum Creative Investing 14 years, 7 months ago
i smell a scam.do noy pay or sign anything.keep the mioney and do it yourself.if you make a mistake you will learn.give me 45000 and i will tell you the moon is made of cheese if that is what you want to hear.buy well positioned property and IN THE LONG RUN 10 -15 YEARS you MAY see an average of 10%.by the way if its so easy why isnt he…[Read more]
holdandrefinance replied to the topic Help: buyer asking for the body corp fee after settlement in the forum Legal & Accounting 15 years ago
is that a legalpoint or a personal opinion.again why isnt the conveyancer putting up their hand and saying oops
holdandrefinance replied to the topic Help: buyer asking for the body corp fee after settlement in the forum Legal & Accounting 15 years ago
i think your conveyancer has to be held accountable.after all isnt this why we pay them.they should have pofessional liability insurance.as you say if it was spelt out in black and white in the section 32 it should have been picked up.if you do pay i would ask for a partial refund on the conveyancing fee.sounds fair to me
holdandrefinance replied to the topic LOC paying off ppor in the forum General Property 15 years, 1 month ago
i agree with terry you should apply for a private ruling.if you take out a line of credit against the ip then use the rent to pay off your ppor and let the ip interest capitalise i wonder how the ato would view it. i believe they will ask you do you own your ppor ,if no do you intend using the ip rent to help pay off your ppor and let the ip in…[Read more]
holdandrefinance replied to the topic CBA chief vows not gouge interest rates. hmmm in the forum General Property 15 years, 1 month ago
i just read the shareholders report and read in disbelief the monies paid to directors and executives.the average executive is on about 2 million plus a year and we get told they are not overpaid! total remuneration for executives for 2009 was 45.5 mllion dollars. idont see any of these people performing heart or brain surgery ,saving…[Read more]
holdandrefinance replied to the topic I HAVE 120,000 IN BAD DEBT WHAT’S THE BEST WAY TO START PROPERTY INVESTING in the forum Help Needed! 15 years, 2 months ago
investor 123how can you say its not bad debt just unsecured.do you think for one minute a lender is going to say yes we will loan you money because your bad debt is only unsecured you dont have debt collectors after you.this guy has to stop spending and pay off his debt.its as simple as that.dont kid yourself the bad debt fairy isnt going to…[Read more]
holdandrefinance replied to the topic Issues with Body Corporate in the forum Help Needed! 15 years, 2 months ago
i live in a body corporate am on the committee and openly admit i drive my own agenda.when absent owners want to attend meetings put up with tennants parking anywhere and having no consideration for others,the trouble we have just to get tennants names (from absent owners ) so we can take them to counselling and then vcat would make anyone drive t…[Read more]
holdandrefinance replied to the topic Letterbox Sale in the forum Help Needed! 15 years, 4 months ago
did the agent act in the best interests of the vendor by getting the highest /best price.i dont think so .i only put real estate agents one step above politicians and used car salesmen.his commission on that extra $1100 WAS SAY 3% or $33 meaning the vendor was $1067 which could have paid conveyancing.put a flyer in peoples letter boxes asking if…[Read more]
holdandrefinance replied to the topic “THE INVESTORS CLUB” ANYONE HEARD OF THEM OR KNOW WHAT THEY ARE ABOUT? in the forum Help Needed! 15 years, 5 months ago
i thought one of the knockers out there would of had something to say by now or have i hit the nail on the head
holdandrefinance replied to the topic “THE INVESTORS CLUB” ANYONE HEARD OF THEM OR KNOW WHAT THEY ARE ABOUT? in the forum i am not hearing anyone say 15 years, 5 months ago
i am not hearing anyone say that their properties are shabby,old,in poor growth areas,get a poor yield or poor capital growth.i have never purchased through tic though i did attend a confrence( paid for by myself).the government is telling me i have to work to 67 to get the pension .my super wont buy me a new car when i retire if i live that…[Read more]
holdandrefinance replied to the topic “THE INVESTORS CLUB” ANYONE HEARD OF THEM OR KNOW WHAT THEY ARE ABOUT? in the forum Help Needed! 15 years, 5 months ago
i am not hearing anyone say that their properties are shabby,old,in poor growth areas,get a poor yield or poor capital growth.i have never purcahsed thruogh tic though i did attend a confrence( paid for by myself).the government is telling me i have to work to 67 to get the pension .my super wont buy me a new car when i retire if i live that…[Read more]
holdandrefinance replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties – Investment or Owner Occupied in the forum mike
thanks very much for 15 years, 5 months agomikethanks very much for the report.wvery informativeregardsglenn
holdandrefinance replied to the topic Removing cross collaterisation with CBA in the forum Finance 15 years, 5 months ago
Fishgymjust remember ,brokers have a vested interest in their comments as it can lead refinancing and commission.ask a broker to give you a rebate or refund for using their services and see what answer you get.whilst i am not a fan of cross collateralising if it means you get the loan isnt that better than not getting the loan????????i picked my…[Read more]
holdandrefinance replied to the topic rent to buy in the forum Finance 15 years, 5 months ago
are you living there or rentingout. how long do you want to borrow for
holdandrefinance replied to the topic Removing cross collaterisation with CBA in the forum Finance 15 years, 5 months ago
i have had dealings with the cba similar to yours once the lvr got down to 80% i was able to get them to stand alone.i then went to a different bank for my next purchase.i tried brokers and was stitched up with the wrong loan type paying monthly fees.from my experience with brokers i suggest you try having an informal chat to a loans officer f…[Read more]
holdandrefinance replied to the topic rock and hard place in the forum Help Needed! 15 years, 6 months ago
its not all doom and gloom.i started out negatively geared but at least i did something !!! i havent lost any money which i would have if i were in super and remember the real money is in capital growth.hang in there and a few years from now you will wonder what all the fuss was about.i only wish i had a place on the gold coast not a bad place to retire
holdandrefinance replied to the topic capitalised interest in the forum Finance 15 years, 8 months ago
exactly.
holdandrefinance replied to the topic Re- SPAM and advertising in PM box for everyone? in the forum General Property 15 years, 10 months ago
its gotta be a scam
holdandrefinance replied to the topic Cash flow strategy. Is this Legal in the forum Legal & Accounting 15 years, 11 months ago
its never for tax purposes is it?
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