Replies Created | Forums | Jamie Moore | PropertyInvesting.com

Forum Replies Created

Viewing 20 posts - 4,241 through 4,260 (of 5,007 total)

« 1 … 209 210 211 212 213 214 215 216 217 … 251 »

Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 15, 2011 - 6:48 am
Must be tough going. It’s hard to believe that there’s a more tenant friendly system than Oz.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 14, 2011 - 12:39 pm
Haha – thanks Richard.
I’m sure a couple more years of dealing with banks will result in a few growing.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 13, 2011 - 10:09 pm
Ouch – that’s a sharp decline!
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 13, 2011 - 10:06 pm
Hi Steve
Are those standard resi units or are they serviced apartments, student accommodation or something else outside the norm? I haven’t looked into the Melb market so don’t know what’s on offer – but I’d assume that sourcing CF+ IP’s in the CBD (particularly post boom) would be difficult.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 13, 2011 - 9:56 pm
Thanks guys
Yep Anthony – it’s the May edition.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 13, 2011 - 9:46 am
Check out http://www.graysonline.com/ for kitchen stuff
I just got a $399 Delonghi rangehood for $145 delivered (has a few scratches).
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 13, 2011 - 9:45 am
Hi Bill
Welcome to the forum.
Xdrew has provided some excellent comments. Some additional reading recommendations can be found in this thread – https://www.propertyinvesting.com/forums/community/heads-up/6845
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 12, 2011 - 3:34 am
RenoTeam wrote:
There is a lot of hard work in either renovating or developing, good luck on your journey
Tell me about it – going through it right now. I actually enjoy doing the work (so don’t mind doing some of it myself as opposed to outsourcing) but it is hard work – particularly trying to find the time to get things done.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 12, 2011 - 3:33 am
Yikes – and I was dirty about the $500 per quarter I was forking out for my last PPOR.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 12, 2011 - 3:32 am
Depending on the type/size of the defaults you may still be able to source finance. However, you will need to have a deposit.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 10, 2011 - 9:57 pm
angelinsydney wrote:
Hi Jamie,
He need not live frugally in SE Asia. ))
Angel
Haha – ok, live like a king!
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 10, 2011 - 9:51 pm
Hi Scotty
Welcome to the forum.
You’ll need to have your borrowing capacity looked at by a broker/bank.
From there, you could look at tapping into some of the equity in your current IP. This equity could be used towards the deposit and purchasing csots towards the next.
What type of property is the one in the ACT? I’d assume it’s worth a fair bit more than you think. You might be able to increase that rent too – which will improve your borrowing capacity.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 8, 2011 - 6:25 am
Nice one – cheers Andrew
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 8, 2011 - 6:23 am
Pop it in a term deposit and live frugally in SE Asia
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 8, 2011 - 6:21 am
Hi Ajay
I haven’t had direct experience in this.
Personally, I’d be reluctant to go down this path in order to save some dollars on property management fees. I’d prefer to pay a local property manager who has their reputation on the line rather than hand it over to a large bureaucracy that probably doesn’t give two hoots about your property.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 8, 2011 - 6:12 am
Hi NSW
There’s no explicit rules when it comes to negotiating. The only tip I can offer is to work out exactly how much you’re willing to pay for the property based on your own research and use that figure as the basis for your negotiations.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 7, 2011 - 12:17 pm
Qlds007 wrote:
I have this morning received an interesting email from a forum member (whose name i will withhold for obvious reasons) who was looking for us to assist them with finance.
Whilst the number details were a little short on the member asked whether we would be prepared to ignore the number of dependant they had and pretend he was totally single.
Of course our swift response was NO and hence the member decided not to proceed further with an application thru us.
It is for these very reasons that the finance markets are in the current state they are in.
No Doc and Lodoc Loans were aptly named Liar Loans in the US with borrowers / some mortgage brokers alike thinking it was appropriate to deliberately lie or mislead lenders on an application for finance. Falsely declaring income is certainly fraud however also failing to disclose other liabilities such as personal loans, credit cards or dependants is an offence in it's own right.
Thankfully much of the old Nodoc / Lodoc lending has disappeared with the introduction of the new Credit Laws but it is still interesting that a potential client feels that a Broker would falsely submit an application on his behalf merely for a commission.
Part of the new legislation requires a Broker to make prudent enquiries to ensure that the information they are submitting is true and accurate whether this be in relation to income, expenditure or lifestyle.
To all potential borrowers you are better off telling your Mortgage Broker the whole story from the start as often there is a lending solution or niche product that will suit your circumstances where the application can be submitted truthfully and without the need for non disclosure.
In fact in this case i am sure that had the borrower disclosed 3 dependants this would have not excluded the deal from being done.
Here endeth todays lesson.
Cheers
Yours in Finance
Excellent post – well said Richard.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 7, 2011 - 12:08 pm
Terri Scheer are good (but won’t insure if you self manage). I think they also require annual fees paid upfront (not in installments).
I’m using ING and Real Insurance at present – both are competitively priced and allow for self managing.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 7, 2011 - 12:06 pm
onthehouse is great – excellent website for quickly drawing comparisons with other sale prices within a particular area.
Here’s a few more – http://www.passgo.com.au/property-data-websites
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
April 7, 2011 - 11:54 am
Katiedee wrote:
Cheers. His business is called Go Go Gas and Plumbing and he is available on 0457 980 385.
Nice name – I like it
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]