ChristineNurse wrote:
Terry / Richard,

With all the experience and learning lessons you both had, have you considered writing a book or better still, coming up with a online education course thingy? We freshies (new investors) can learn from you.

That's what this forums for Plenty of content from both of the guys is online here.

Cheers

Jamie

Hi Paul

What state was the purchase made in?

Do you think you'll ever purchase another owner occupied home?

Cheers

Jamie

1. Continue growing the business and recruit additional staff
2. Purchase another couple of IPs
3. Complete renos on PPOR (almost there)

Cheers

Jamie

Hi there

By property sourcer are you referring to a buyers agent?

Cheers

Jamie

If you appoint a POA in Australia that should speed things up.

Cheers

Jamie

Nope – you don't need to be in the country to apply for the loan.

Cheers

Jamie

wilko1 wrote:

when it goes to shit, they drop rates
when it runs well they rise rates. 

lol – why didn't the lecturer just say that during my semester on monetary policy 10 years ago at Uni…..would saved us all a whole lot of time

Cheers

Jamie

ryan mclean wrote:
Hey Jamie,

I would also like to ask the same question as Hari?

I have heard others say that they are expecting rates to go down again as well. Do you think this is true?

It's a tough one to answer – and it's a question I get all the time. I prefer to sit on the fence when it comes to discussions about rates – unless…[Read more]

Without getting into an in-depth post it's just monetary policy – they increase rates to slow down the economy and reduce rates to stimulate it. http://www.rba.gov.au/monetary-policy/

Cheers

Jamie

yellina wrote:
Dear All, 

Looks like I got the best deal, with the Interest rate. 

No one wants to discuss Interest rates here. 

Thank you
Hari Yellina

If we're playing that game – Richard's 1.3% discount is much lower.

Cheers

Jamie

Nice work Darryl

Cheers

Jamie

All I know is that I always seem to negotiate much lower rates for my clients portfolios than I've been able to arrange for my own.

Cheers

Jamie

Hi and welcome aboard

Purchasing multiple IPs in a short period of time is possible – I've had quite a few clients do it.

Two things that help a lot are access to a large chunk of equity/cash and good borrowing capacity.

Without sounding biased – a good finance person will also be a handy person to have on board. They'll structure your finances…[Read more]

Valuers will only do a desktop val if instructed to do so. For a full valuation – they'll always inspect the property.

Desktop vals are usually restricted to sub 80% (sometimes 90%) deals – usually in metro locations.

Cheers

Jamie

Hiya

Lenders will go off whatever the lower amount is between the valuation and the purchase price.

This exception is when the contract is older than 12 months – then we may be able to get them to consider the val over purchase price.

Cheers

Jamie

Hiya

Generally speaking we don't have access to valuers.

However, with a bit of creative thinking and investigative work we can sometimes track down the valuer and contact them directly (which I'm sure the bank wouldn't appreciate) – but I've done this quite a few times.

Cheers

Jamie

Hi Melbinvestar

I don't quite understand the question?

Cheers

Jamie

Which lender was this?

Cheers

Jamie

I've never had it happen to a client before.

It's an unfortunate result of cross collaterisation – sprinkled with a lot of incompetence from the banks part.

Cheers

Jamie

Hi Paul

What is the size of the unit?

What are the body corp fees like?

What factors will drive future growth in the area?

Cheers

Jamie