Replies Created | Forums | Jamie Moore | PropertyInvesting.com

Forum Replies Created

Viewing 20 posts - 4,521 through 4,540 (of 5,007 total)

« 1 … 223 224 225 226 227 228 229 230 231 … 251 »

Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
February 9, 2011 - 2:48 am
Hi again
Do you mean mortgage broker or financial adviser?
If broker, I don’t know of any in Albury that I could recommend. However, with today’s technology it’s pretty easy to deal with any broker you choose irrespective of their location. Everything can be done via phone/email/fax.
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
February 9, 2011 - 2:44 am
Hi BelleStar
The best advice is to spend this time learning. Read lots of IP books, frequent forums like this and start saving a deposit. There’s a number of good authors to look up – Lomas, Somers, Yardney…the list goes on.
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
February 8, 2011 - 5:23 am
Hi Runway
What was the basis for your broker suggesting them?
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
February 7, 2011 - 8:43 pm
Hi propertyinfo
I’ve got a couple of IP loans with Bankwest. While I don’t have that specific product, from a personal point of view I’ve found them to be a pretty good lender to deal with.
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
February 7, 2011 - 8:38 pm
Hi Jacqui
I created it (I’m a bit of a spreadsheet nerd). When I get a chance, I’ll tidy it up and send it you. Put that $50 towards your next IP
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
February 7, 2011 - 11:51 am
airstrike2001 wrote:
Jamie,
We had a family member who was on a lease and about half way through we put it into the hands of a property manager when the tennant started to have other people start living in the house. We had stressed to them that we wanted them to have the property manager screen any person they wanted to share the house with (minimise damage/risk) We then found out he bailed on the lease and left it to the shared family/familes( we were told by next door neighbour upto 17 people living in 3×1) then spent the next two weeks organising new locks and getting the other family out so we could do an inspection and blast said family member and hit them up for the money for repairs. of course they didn't do any damage so had to suck it up and do all the repairs at my cost with insurance only covering some of the repair costs.
Kinda sucked big time but i've learnt several good lessons
1 Insurance isn't everything. you can have top cover and still be putting your hand in your pocket.
2 Never lease to family/friends
3 Always jump on things urgently like rent not being paid etc
4 Always take bonds and register them with the REI of your state and tennancy board
all the best with your decision and don't be afraid to put your foot down with the tennant on issues if needed.
Cheers
Airstrike
Hi Airstrike
Some good points to be aware of and thanks for sharing your experience (even though it was a terrible one).
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
February 7, 2011 - 11:47 am
Hi Mark and Carloyn
Welcome to the forum.
I personally haven’t heard of the company. Do you know how they are paid for their services?
Consolidating debt can be very useful – however, it’s difficult to comment on your situation based on the info above (and I wouldn’t expect you to splash that sort of info around on a public forum).
There have been a few posts on Orange – if you do a quick search you should find some interesting reading. It seems to have a lot going for it – ie. the Cadia mines and growing tourism (from memory).
All the best
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
February 7, 2011 - 11:41 am
Catalyst wrote:
I also have a goal sheet with my projected position so I know where I'm going. .
Yep, same. It’s good to keep track on how things are progressing. It’s also fun to play around with future growth figures…..maybe I could retire 5 years earlier if CG over the next 10 years was x amount……
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
February 6, 2011 - 8:21 pm
Hi Airstrike
Sorry to hear about your situation and thanks for sharing your experience. Was the property professionally managed at the time?
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
February 6, 2011 - 11:25 am
Hi DHCP
I’ll let you know in about a month! What I’m most concerned about is the attachment my wife and I have with our current PPOR. It’s going to be a very weird feeling handing the keys over to tenants (and they better keep the place in good condition!)
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
February 6, 2011 - 11:16 am
Hi Billnbec
Welcome to the forum and best of luck on your investing journey.
It certainly sounds like you’ve got some equity to work with – which is a good first step. Next step is working out whether you can source finance based on your current financial situation. It might be worthwhile having a chat with an investment orientated broker.
All the best
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
February 6, 2011 - 11:08 am
fWord wrote:
YIKES! Maggots coming through the carpet? Sounds like something out of a horror movie.
That’s what I was thinking! Call a pest inspector tomorrow and explain the situation. Ask them what the possible causes could be and what the best course of action is.
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
February 6, 2011 - 11:03 am
I have a large plastic folder for each IP. All docs are filed as they come in. I also update a spreadsheet monthly with income/expenses – it makes life a lot easier at tax time, especially for my accountant.
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
February 6, 2011 - 10:57 am
I’ve used corpred for a few properties and I’ve been happy so far. I can’t comment on the other option (ie. having a QS visit the property because I’ve never actually gone down this path.
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
February 3, 2011 - 6:22 am
Hi guru
Welcome aboard – prob best to post this in the overseas deals section.
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
February 3, 2011 - 6:21 am
Hi Dwolfe
Looks like you’re going to be busy this year! I’m keeping life nice and simple this year. Moving into a new PPOR, carrying out a pretty major reno and possibly purchasing another IP – probably in Canberra or in Googong, NSW if they pull their finger out and start developing.
Also looking forward to a trip to the Cook Islands next month
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
February 3, 2011 - 6:14 am
xdrew wrote:
or the annual beerathon
Haha, which town is hosting that this year? Scrap the investment, sounds like a great place to live!
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
February 2, 2011 - 8:56 pm
Corie wrote:
Hi marq001
Yeah Margaret walks the walk and talks the talk. Her book – "20 must ask questions" is the bible when it comes to finding the right place to invest.
One thing to mention is that if you dont have foxtel you can purchase episodes of her show "Property Success" from her website for a small fee. In each episode she does a town spotlight on areas she believes are going to see good growth. some great info in there.
Yep, that book’s a good read. She also covers off one of the 20 questions in each episode of Property Success.
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
February 2, 2011 - 12:35 pm
Agree with Scott. If there’s a history of pest issues than regular inspections would be imperative. The same would apply if the units were located in an area that frequently experiences such issues.
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
February 2, 2011 - 12:33 pm
Personally I’d aim for no less than 10,000 – I’d also suss out ABS/council stats to determine whether the population is growing. I’d also want to see more than one main industry within the town.
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]