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hschmid
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@hschmid
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Post Count: 87
April 15, 2010 - 6:52 am
Refund Homeloans charge nearly $70,000 to buy a franchise.
They have > 400… amazing to me!
hschmid
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@hschmid
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Post Count: 87
January 31, 2010 - 10:11 pm
I agree number 8, through clever structures one can acquire more properties than just buying in own name and killing servicability for further borrowings.
hschmid
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@hschmid
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Post Count: 87
January 29, 2010 - 8:56 am
Very clever.
Sometimes hard to get the panel list
hschmid
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@hschmid
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January 28, 2010 - 11:39 pm
Thank you wealth4life, we appreciate the endorsement
hschmid
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@hschmid
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January 27, 2010 - 4:17 am
visit http://www.brokersite.com.au to learn about becoming a mortgage broker
start part time, no joining fees
hschmid
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@hschmid
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Post Count: 87
January 27, 2010 - 4:09 am
Lots of information about strategic alliances and commission sharing at http://www.brokersite.com.au
hschmid
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@hschmid
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January 27, 2010 - 3:38 am
My friend just SOLD a superb waterfront in Surfers for 3.7… valuation came in 2.8, deal dead!
hschmid
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@hschmid
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Post Count: 87
January 27, 2010 - 1:40 am
Very interesting development for the broker space.
hschmid
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@hschmid
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January 27, 2010 - 1:32 am
very hard to place this type of loan in this current market
hschmid
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@hschmid
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January 27, 2010 - 1:28 am
We work with several mortgage managers who might look at wholesale rates
hschmid
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@hschmid
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Post Count: 87
September 2, 2008 - 1:04 am
visit http://www.brokersite.com.au for details and opportunities to become a mortgage broker
hschmid
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@hschmid
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Post Count: 87
September 2, 2008 - 1:02 am
visit http://www.brokersite.com.au for details and MB opportunities
hschmid
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@hschmid
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July 31, 2008 - 12:40 am
yes, that would be nice!
hschmid
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@hschmid
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November 5, 2007 - 3:27 am
I agree. Phew!
Watch your blood pressure.
hschmid
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@hschmid
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Post Count: 87
November 5, 2007 - 12:45 am
v8ghia wrote:
hi Dr. Spock,
I think a lot of stuff has been covered her with the other posters, (other than the one with the development suggestion……you' just gotta wonder sometimes!)
Wonder about what!
I made that suggestion.
You think developing property is a stupid idea?
There is more to property than just buying and sitting for 20 years.
Or, as per your suggestion put together a kitty fund. Yep 10 years from now @ $100 p/w I'll have my deposit. Woohoo!
A lot of people just do not find this interesting or exciting.
Ever consider ed that might be Spocks problem.
hschmid
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@hschmid
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November 4, 2007 - 3:58 am
It is Seiza
They charge >8% interest and max 80% LVR
The following is a guide.
yr 1 u pay 4 % and the remaining 4% is capitalised onto the loan.
yr 2 u pay 5% and capitalise 3%
yr 3 u pay 6% and capitalise 2%
yr 4 u pay 7% and capitalise 1 %
Yr 5 onwards u pay normal rack rate
The figures are not precise but pretty close .
Can help with cashflow but will eat equity.
Consider yr own internal version where u create a LOC and capitalise interest to marry yr cashflow.
R U obtaining tax benefits weekly? This often fixes cashflow problems. Talk with yr accountant.
hschmid
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@hschmid
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Post Count: 87
November 4, 2007 - 3:41 am
Hi Jack, welcome to the forum.
U will find this to be an excellent platform for knowledge and possible contacts.
As a newbie, just read and search threads of interest.
There is feedback for most questions.
There are some great success stories, like yr friend, there are also tales of sorrow.
Enjoy the journey of discovery
hschmid
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@hschmid
Join Date: 2007
Post Count: 87
November 4, 2007 - 3:32 am
You mention that u r going to c an "Investment Company".
Property investment companies can b very dangerous.
They are renowned for selling overpriced properties.
Not a lttle overpriced, VERY overpriced.
To balance your thinking consider visiting http://www.jenman.com.au
He means well as a consumer advocate.
He recently exposed an group called Insight (search for 'Insight Group" article from his site).
Massive overpricing scam. And they sell many properties over many years to unsuspecting targets.
U don't want yr first experience to be negative.
There is no mad rush. Do yr homework, avoid Investment companies, get independent valuations and use yr own solicitor.
Good luck
hschmid
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@hschmid
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Post Count: 87
November 4, 2007 - 3:16 am
Buying well will help with affordability.
You might find that developing a property might offer you better returns PLUS instant capital gains.
Start with a duplex maybe.
Sell 1 side and keep the other.
The numbers might excite you!
hschmid
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@hschmid
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November 4, 2007 - 3:11 am
Spock
Maybe its too passive to turn him on!
He might believe that the same $ could be more profitable in the business than in bricks and mortar.
Consider a small development or subdivision with exciting profit opportunities.
This might add the BUZZ to turn him around.