Thanks guys…..but the post is almost a year old now

Cheers

Jamie

Hi Jen

I haven't heard of the broker or company – but that's not to say they aren't good.

Trust is a big a part of the relationship. If you feel that you have this with your current broker – and you're happy with the advice provided from them so far, then they're good reasons to proceed with them.

Cheers

Jamie

I remember seeing a 70m2 three bedroom townhouse in the Logan area of QLD once – very pokey!

Cheers

Jamie

I reckon there's some good opportunities in south coast NSW at the moment. There's an abundant of stock and new releases – so quite a few properties up for sale for lengthy periods which usually leads to decent discounting.

The weather wouldn't be as nice as the central coast though – a bit chilly in winter.

Cheers

Jamie

Perhaps seek a second opinion from another solicitor in your state.

Cheers

Jamie

One of the biggest issues with OTP is an inability to arrange finance until the property is close to completion.

Therefore, if your circumstances change during the construction period or the valuation doesn't stack up – you may have issues sourcing finance. If that happens, you stand to lose your deposit and possibly more.

All in all, OTP can…[Read more]

Hi Lea

Congrats on the new start to life

I'll have a crack at this – and it's only my opinion, not advice.

Work out which one of the properties you'd like to live in – whether it's yours or your new husbands. This will be just as much of a lifestyle choice a monetary one – as I'm sure you know, it's not always about money.

Following that,…[Read more]

It reverts to P&I – but you can often change it back to another IO term.

Cheers

Jamie

Agree with Jac – do your due diligence and make sure it's a possibility first.

Talk to builders too – get an idea of costs.

Cheers

Jamie

Hi Newbie

I work with clients directly – I don't hand them off to other brokers. I have support staff that help with admin type tasks only.

Cheers

Jamie

blocka wrote:

I just feel uneasy after speaking to them  

Go with your gut. If you feel uneasy about it – there's usually a good reason.

I don't know the person/company so won't comment about them.

Generally speaking, the companies selling off the plan units are glorified agents making massive commissions from overpriced…[Read more]

Hi renren

welcome aboard

There's way too much to consider here. Off the top of my head, the questions I'd be asking are:

1. What are your long term goals?

2. Where is the other property located? Is their scope for growth? What are the holding costs like?

3. Can you afford to keep both?

4. What's the size of the unit you're buying? 

5. Is…[Read more]

Hi there

They would both have to sign off on the loan docs for the equity release (so are jointly responsible) but don't have to purchase the next property together.

Cheers

Jamie

lol – that will go down well with my wife…. "but Freckle, from the internet forum I spend too much time on, told me to do it!"

Cheers

Jamie

Qlds007 wrote:

It is the purpose of the funds and not the security used which is the defining fact.

That's the key Miz.

It's all about purpose. If it's being used for investment purposes the funds are deductible.

That's why it's good you set up the loan as a separate facility.

Cheers

Jamie

Cheers Freckle.

We're stopping over in Vietnam for a few nights in both directions – so that should break it up a bit.

We just got back from a three hour car trip from the South Coast…..and it was terrible! Wish me luck on a 9 hour+ plane trip.

Cheers

Jamie

Hi Gayle

There's heaps to consider when taking out income protection – and the policy needs to be tailored to your individual circumstances.

I'd consult with a decent financial planner about it.

Cheers

Jamie

SuperZiyue wrote:

Jamie M wrote:

haha – not this Winter. I'll be working from the Amalfi Coast in July

Cheers

Jamie

Amalfi Coast: Not a bad place. Just good luck for the 20-hour flight with your 1+ year old kid…

haha – you got me there! I'm actually quite worried about it. Going to NZ was hard enough- I don't know how we're going…[Read more]

Hi steve

Welcome aboard

What do they do? How are they paid? How do you benefit?

Cheers

Jamie

There was a good summary article on the do's and don'ts to get a good credit record on a broker site the other day – http://www.accreditedbroker.com.au/knowledge-portal/articles/555-dos-and-donts-to-get-a-good-credit-record

Cheers

Jamie