Wait – what. Are you the mortgage broker asking on behalf of clients?

Cheers

Jamie

Not sure if this helps but there’s plenty of links on our website http://passgo.com.au/property-data-websites.html

Cheers

Jamie

Hi Charlie

It’s impossible to answer.

The game is changing quickly.

Best you can do at the moment is start with a good foundation lender – probably a big 4 lender that doesn’t have overly rigid policies. Then move onto a more generous lender (in terms of their borrowing capacity calc) such as lenders within the Nab group and then save the non…[Read more]

Any decent broker can advise on this – and *most* won’t try and sell you overpriced property either :-)

Cheers

Jamie

Hi Kristy

Best to form your own team of independent professionals. A good broker and accountant would be a good start. Some of those “property advisory” companies are one stop shops spruiking off the plan developments for large commissions.

Don’t rush into anything – educate yourself, read widely and continue to frequent forums like this.

Cheers

Jamie

Sorry – I meant which state/city? :-)

Cheers

Jamie

Hi Damo

What do they offer and what do you require?

Are they financial planners, a mortgage brokerage, accountants, everything?

Cheers

Jamie

Hi Kristy

Where are you looking to purchase?

Cheers

Jamie

Bye bye AMP – not a lender that I’ll be using in the foreseeable future. The cheap owner occ rate is appealing – but there’s literally nothing on offer for investor clients.

Cheers

Jamie

Agree with Corey – flipping isn’t the usual path to wealth creation. Especially in the cheaper markets.

By holding onto the property you might be able to leverage that newly created equity to purchase another property – rinse and repeat.

Cheers

Jamie

Hey John

I’m not an accountant but what you’re doing sounds fine. If you were redrawing the money from the actual loan it would be a different story – but taking it out of the offset should be fine.

Cheers

Jamie

Do you have the one loan for the 7 properties?

No one can tell you what the best strategy is. You need to work out where you want to get to in the future – and then work back from there. Devise a plan and follow it.

Cheers

Jamie

Alan Fox from propertunity.

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Jamie

Certus and Rivercity seem to do a good job.

Cheers

Jamie

You can keep them uncrossed with the same lender.

I’ve set up that exact structure with NAB and other banks hundreds of times.

Cheers

Jamie

Yep hit up Corey above

Cheers

Jamie

Hiya

Benny is spot on.

The two major factors banks look into is the deposit (or in your case equity) and an ability to repay the debt (borrowing capacity).

You could own parliament house and have $1 billion in equity – but the bank is only going to lend to you what they think you can afford….which is based of your income (PAYG or self…[Read more]

Agreed – not too concern with CBA and deals above 90% – it’s not a space I like to operate in.

Biggest concern is the lenders who previously too OFI debt at actuals now using an assessment rate. Seeing AMP, MAC, Adelaide, etc turn to a servicing calculator similar to the likes of ANZ isn’t good for investors.

Cheers

Jamie

Hi Sal

Which particular area do you want to buy in?

Buyers agents generally concentrate on a particular area?

Or was your first post a set up for spam responses?

Touch wood – but I haven’t had this occur to any of my clients.

Glad to hear it all worked out.

Cheers

Jamie