Hi sdem

Check out youtube – there should be some Lomas clips.

Cheers

jamie

It’s not a bad idea but I don’t think there’s one simple answer. Perhaps there could be a thread on recommended reading? That seems to come up a fair bit as well.

Cheers

Jamie

My accountant advised that an appraisal will suffice.

Cheers

Jamie

In another post he mentioned Osaka, Japan

Hi Jmiller

You want to know that they understand investors and will structure you finances accordingly. As Richard said, with email, fax etc it doesn’t matter where the broker or client are located – you should give Richard a buzz, he’ll sort it out.

Cheers

Jamie

It can take a little longer to find tenants in regional areas as compared to larger cities.

I agree with what the guys above have said – suss out similar properties, see how much they’re renting for – chances are, yours may be over priced.

Also, I believe the Wagga rental market spikes towards the start of the new year. It might be an idea to time your next lease so that it expires around this time – you might be able to attract a higher rent due to the higher demand.

Cheers

Jamie

Tell the other agent that you’ve received an offer from the other guy that you’re considering accepting. Tell him/her that if their “interested” people are interested in making a serious offer they have the next 24 hours to do so.

I’d be worried about the guys with the first offer not being able to obtain finance which could make the deal fall over.

Cheers

Jamie

 
It can also lead to poor structure set-up which may cost much more in terms of lost opportunities down the track. We have many clients come to us after having their loan structures stuffed up by a branch staff member when going direct.

In terms of competitive rates – we should also take into consideration some of the 2nd tier lenders that deal directly through the broker channel. One of which will do 6.88% with no app or ongoing fees. You don't need to bargain them down or have a multi-million dollar portfolio – as long as the LVR is sub 65% you'll get the 6.88%. Any LVR higher than 65% and you'll get 6.98% (still not bad). 

At the end of the day – when investing, the correct finance structure for accumulating property should be paramount. I'd put that above interest rate or rebates any day.

Cheers

Jamie 

NAB don’t pay trail commission to brokers – so not sure how that can be built into a lower rate.

Cheers

Jamie

Terri Scheer are ok – I don’t think they’ll insure if you self manage though.

I use ING and Real Insurance. Both are competitive and both allow self managing.

Cheers

Jamie