You're right – it really isn't rocket science. It baffles me how the majority of loan writers (brokers and bankers) can't grasp this simple concept – or maybe their just being lazy. Oh well – keeps us in a job

Cheers

Jamie

Hmmmm……time to get another broker.

Cheers

Jamie

Their broker division, Homeside, has better fixed rates across all years and lower ongoing fees.

Cheers

Jamie

Hi John

AMP is one of the most generous lenders – so it's usually best to save them up until last, that way you wouldn't have maxed out as quickly. Of course, there might be a good reason why you've placed all of your loans with them.

Cheers

Jamie

I also don't charge a fee – but it's becoming more common these days.

If you don't feel comfortable with the MB you're dealing with then talk with another one. Trust is important.

Cheers

Jamie

Hiya and welcome aboard.

It's always great to see another Canberran on the forum

Pesonally, I wouldn't bother with purchasing new in the ACT – the concessions look attractive but I doubt you'll gain much growth from the property in the short to medium term due to the abundance of new stock on the market.

A lot of my clients do both – that is, they purchase a PPOR and then use it to leverage into purchasing IPs.

Some do it by purchasing an established property, carrying out cosmetic renos – have it revalued and access the newly created equity to fund an IP purchase or two.

With your $100k – you could potentially spread that over a couple of purchases.

Anyways – I'm just typing out aloud. It's food for thought.

Cheers

Jamie

From memory both claims were made under building insurance.

Cheers

Jamie

Hi Jate

Provide your accountant with everything – including the loan offer document for your IP which outlines all of the fees/charges and your rental statements from your PM. A good accountant will capture everything – but it also helps to be organised.

Cheers

Jamie

Agree with the others – not usually an issue providing you haven't lived in any one of the IPs.

Cheers

Jamie

hi jer

you might have issues releasing such a large chunk of equity for that purpose.

Cheers

Jamie