Forum Replies Created
You're not going to improve your borrowing capacity by using a trust. At the end of the day – the individual behind the trust will need to declare their assets/liabilities just as they would if they were applying for the loan under their own name.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Personally, I think asking to speak with a PM's existing clients is over the top and there's probably some privacy issues at stake.
Besides, it's unlikely to be a true representation as they'll cherry pick a client(s) who they know will provide an excellent review.
It's easy enough to change PMs' if you feel that the on you're using isn't performing.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Hi silly
I'd get on the phone to your solicitor now and get this sorted. Mention Wilko's response above and see if it can be sorted quickly using that approach.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Agree with Catalyst – the existing benchtop looks fine and does the trick. I can't see you getting any more rent for a flashier benchtop. It might add a little value but I wouldn't bother with it personally.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Sorry to hear Richard. Take care mate.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Hi Kade – I've never heard of it. What's the basic idea?
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
amit87 wrote:Hi All,Is spending 12-14k for their services worth it? All buyer's agents in Perth charge around this price range.
Regards,
Amit
Ouch! That does seem a tad excessive.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Hank84 wrote:Thanks Richard,Any tips on where to start researching the correct structuring?
Get a decent broker on side. They'll listen to your longer term plans, discuss structure and answer any questions you have.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Hi Tom
Any sales/commission based industry is difficult to crack. I know it's difficult not to focus on the dollars when going into self employment because we all have to live. However, being driven by money can set you up for failure. If you're passionate, genuinely enjoy what you do and you're good at it – then the money will follow.
If possible (and this isn't for everyone) – maybe consider getting a taste of it on a part-time basis whilst holding down your current job. Others will disagree with me, because ultimately you need to devote all your/time energy in making your business work but with a young family to support, I'd be taking a cautious approach (again that's just me – others will disagree).
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
OK – in that case, your broker will be able to provide a more specific explanation. There's something holding it up – they will be able to find out exactly what this is.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Yeah I just read that too.
All good though – not normally a bank of choice for investors with more than a few properties under their belt due to their servicing calc.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
They're assessment times have blown out a little – but not by that much.
Was there a valuation required? That can drag things out.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Haven't heard of them either….but that's no surprise. There's hundreds of IP related businesses….more and more are popping up each day.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Hi Sparkly
– Word of mouth, recommendations from others, their contribution to forums like this, the rebaa website….all are good starts.
– Usually you hone in on an area and then find a BA who operates within the area. You provide them with an outline of what you're after. They then do the search and negotiating. Some offer a variety of services – so this is really just a general response.
– Some might.
– They can cost anywhere between $5k to $10k in my experience.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Catalyst wrote:Really?? It depends on the reason it hasn't had growth. Maybe it's not a good investment area but maybe it's overdue for some price correction. One unit I bought hadn't moved for years (before I bought it in 2008 in Sydney city). It went up nearly 50% in 2 years.
Yep – I wouldn't touch it. But that's me.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Scope out the back of the IP related magazines that show the average rental yields and property values for each suburb in Australia. With that info – you'll be able to narrow down your search to a few areas.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Catalyst wrote:Most valuers just do a desktop valuation anyway so won't even see it.We can manipulate that a little
If a full valuation will result in a better outcome – we can make it happen.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
I wouldn't worry too much about the roof right now. It seems like it doesn't need to be done right now (a few cracked tiles) so you'd be better off repainting later on when you're closer to selling. Otherwise, you'll prob end up needing to get it redone.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Hi there
To be honest – you've probably lost credibility with the agent with the initial offer. They won't see you as a serious buyer – therefore the lack of a counter offer.
There's nothing wrong with low-ball offers….but a lot of the time, this is the result.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Give me an old property that can be tarted up quickly and cost effectively for an instant equity gain any day of the week.
Unless my state govt. had some really attractive concessions on offer for new builds and the rest of the deal stacks up – then new can be worth considering.
This obviously a very general statement though. There's so much to take into account and Mark's post is a good start.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
