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Viewing 14 posts - 1 through 14 (of 14 total)
  • Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21
    July 2, 2016 - 7:36 pm

    oh i see interesting thanks Richard and Corey!

    Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21
    June 30, 2016 - 3:27 pm

    so the feeling i’m getting is yes but you need to go no doc loan / top interest rate loans?

    Thanks, Huilo

    Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21
    June 12, 2016 - 6:10 am

    Thanks Richard!

    also one more random question how much does it cost to hold a credit license etc yearly on going costs. not marketing / advertising. just compliance costs. i heard one broker say 4k p.a i thought it was extremely high.

    Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21
    May 28, 2016 - 4:37 pm

    i see this is what i thought, All good.

    thanks for the speedy replies!

    Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21
    May 27, 2016 - 6:25 pm

    Would a broker be aloud to give his client a copy of a certain policy if the client asked for it? i assume not but was curious.

    Cheers for the feed back!

    Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21
    May 25, 2016 - 7:27 pm

    Hi Cris,

    it depends you may have had to pay a 25k deposit to get into the house / rent to buy deal. what % of that comes of the purchase price i wouldn’t know you would have to read the agreement.

    the caveat just means you have a interest in the property. i’m not a lawyer. i’d assume once you have the deposit and can get finance you would just proceed to settle. and the lawyer would take care of the caveat issue.

    do you mind me asking are you looking to buy on a rent to buy?

    • This reply was modified 8 years, 7 months ago by Profile photo of huilo huilo.
    Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21
    May 25, 2016 - 6:01 pm

    I see, these contributions how long do you have to wait for it to be considered income? etc i put 1k into super a week only want to do this for 1-3 months to show my super can purchase a property and then i’d stop making the 1k contribution.

    also biggest downside is you have to wait till like 55-70 to access it right?

    Cheers

    Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21
    May 25, 2016 - 5:57 pm

    first question, yes all you’re doing is saving a deposit which you can then show a bank to get traditional finance. i would assume only 2nd tier banks would allow this as general savings i don’t think the big4 would allow this as a deposit.

    2nd question you would register a caveat over the property which wouldn’t allow the vendor to sell / refinance the property.

    Cheers,

    Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21
    May 23, 2016 - 7:56 pm

    how does smsf’s help your serviceability when you are maxed?

    Cheers,

    Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21
    May 23, 2016 - 7:48 pm

    which state are you looking for?

    Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21
    March 25, 2016 - 11:56 am

    interesting, how much does it cost to subscribe to veda?

    cheers,

    Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21
    March 20, 2016 - 6:31 pm

    with an instalment contract because its a credit contract does that mean the vendor financier can write on the tenant – buyers credit report etc “missed payments” / defaults? or is that only aloud for mainstream banks?

    Cheers, Huilo

    Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21
    January 25, 2016 - 6:25 pm

    Hi Corey

    so in my situation 4-5 months at job A casual employment full time hours

    2 weeks at labour hire casual employment full time hours

    if next week i got a new job as a full time employee (etc paid holidays public holidays…)

    i would be able to get finance after my first week / payslip?

    wouldn’t the 2 weeks employment look extremely bad?

    Cheers, Huilo

    Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21
    October 31, 2015 - 7:39 pm

    Hi Richard,

    you seem quite knowledgeable with lease options / instalment contracts. i was wondering how you advertised for tenant buyers?

    also as you do most of your deals in qld (i think) do you prefer one over the other? etc do you prefer doing instalment contracts compared to lease options? and if so how come?

    Cheers,

    • This reply was modified 9 years, 1 month ago by Profile photo of huilo huilo.
    • This reply was modified 9 years, 1 month ago by Profile photo of huilo huilo.
Viewing 14 posts - 1 through 14 (of 14 total)