The Dark Knight wrote:
I recently had a tenant complain to my property manager that the lounge room light was too bright. Hopefully your tenants are more civilised than mine

Ahhh geeze. They sound like a handful!

Post them out a light bulb.

Cheers

Jamie

Qlds007 wrote:

SZ it you are looking for an Australian Broker to finance the deal you can't go past Jamie.

Certainly knows his stuff and is a good bloke to boot.

Just make sure you do the deal before the cold sets in Canberra as his fingers freeze to the keyboard during the winter.

haha – not this Winter. I'll be working from the Amalfi…[Read more]

bm17 wrote:

Jamie M wrote:
Generally speaking I'm not a huge fan of borrowing money in order to borrow more. Especially for those purchasing for the first time. I think it's important to be able to demonstrate an ability to save – otherwise they could find it tough when it comes to meeting their repayments.

Cheers

Jamie

Jamie I agree…[Read more]

Generally speaking I'm not a huge fan of borrowing money in order to borrow more. Especially for those purchasing for the first time. I think it's important to be able to demonstrate an ability to save – otherwise they could find it tough when it comes to meeting their repayments.

Cheers

Jamie

Hiya

Part time is usually fine – it's casual employment that can cause probs.

Cheers

Jamie

niccy3768 wrote:

Am really disappointed that I was not well informed before I put my savings into the redraw account.  I thought I was being clever parking the money there whilst I looked for a new property to move into.  Silly me!!

Yeah it's a pain but these things happen.

If the money was placed in an offset account it wouldn't have been…[Read more]

Hi Niccy

It looks like you'll only be able to claim $4k in deductions. The $100k you've redrawn has been used to purchase a property to live in – therefore, it wouldn't be deductible.

I'm not an accountant though – just a number crunching finance nerd.

Cheers

Jamie

Richard Taylor – qld007 on this forum.

Cheers

Jamie

Brisbane has been hot for a while. Check out all the posts about it on this forum and others.

Cheers

Jamie

Hi SZ

Now that I know who you're dealing with – I can tell you that you're in excellent hands. 

Cheers

Jamie

LMI isn't necessarily a bad thing if used in the right situations. It can actually be quite a handy tool when buying a few IPs.

Cheers

Jamie

Richard Taylor (QLD007) has recommended one a few times – if you do a search you should be able to find the threads.

Cheers

Jamie

Hiya

Welcome aboard.

Different banks have different ways of assessing max borrowing. For that reason, those online calculators aren't very helpful.

For instance, some banks will inflate the repayments on your IP – which will reduce your borrowing capacity.

Some will take the repayments at what they actually are – which helps.

Some banks take…[Read more]

House of Wealth is another that gets good feedback on the forums.

Cheers

Jamie

SuperZiyue wrote:

I don't have the opportunity to go to Australia in the coming weeks or months to see the property itself and talk with my team face to face.
How can I ensure that, at the end of the process, I will really be owner of what I've been told and I haven't got trapped by crooks?
 
 

Hi SZ

Do you have anyone in Australia that…[Read more]

Hi Tomo

I'm with Jac – you're going to have issues off loading this in the future – which will impact on longer term growth.

Cheers

Jamie

Hiya Ferdinand 

Is the deposit for the IP coming from savings or equity? 

If savings, there's better ways to approach it. One way is by injecting the savings into the PPOR loan and reborrowing as a separate loan. This will maximise the tax deductions against your IP.

If equity, it's important that the loans are not cross collaterised. You need…[Read more]

Hi and welcome aboard

I wouldn't increase the LOC – it sounds like the structure is a bit messy at present.

From what I understand, the LOC is covering two IPs and you have a standalone loan against the PPOR?

If that's correct, I'd untangle the two properties in the LOC – so keep everything uncross collaterised and then do an equity release…[Read more]

Hi Martin

I think you asked this on Somersoft?

According to Better Mortgage Management which uses Adelaide Banks funds – they'll go up to 10 units on one title.

i haven't tried it – and the regional aspect could cause probs depending on the size of there town.

Why not give Richard a call and see if he can help?

Cheers

Jamie

tommytucker wrote:

Jamie, you're a genius.

Thank you sir.

tommytucker wrote:

I'd have to deal with the kids and home chores etc as well,

Uh oh – you're going to hate me.

Cheers

Jamie