I suggest to speak to another mortgage broker. I’ve been in your shoes and helps to have a gun mortgage broker like Jamie on board. Always remember their is a thousand ways to skin a cat, it’s just a matter of jumping over a few obstacles.

Talk to Jamie, don’t waste your time with the banks. I’ve learnt the hard way. They will set up the loan to benefit them not you.

I totally agree with you and I think selling was a good idea. Working for yourself is hard and those that say you get to pick your own hours don’t know what they’re talking about.

Why is your ip paid off and not your ppor?

I thought business was picking up and doing well??

I second Jamie as well. He’s a gun and you’ll need the right people around you if you plan to purchase multiple properties in a short period of time.

Hey freckle, how well have you done with shares over the years?

Yes sorry ACT! I keep thinking he lives in Sydney for some reason.

Hi Hari17, I can recommend you Jamie from Pass go Loans. Currently using he's services and cannot fault him at all, and very prompt. He's based in Sydney and i am in Melbourne and i find it easy to email him documents required rather then having a broker come to my place.

In that case you need new bench tops!

I agree with catalyst. The current bench looks ok so wait a bit and then replace the entire kitchen.  The last 2 kitchens i have replaced for clients were nearly brand new. Stone bench tops and 2pac doors, wouldn't have been more than 6 years old. Some people just have too much money.

$1800 for supply and installation. If your organised have the trades all come same day as this will save you money. Unfortunately i am based in Melbourne so can’t help you.

Hey Freckle answer this for me.

If the collapse should occur who would be worse off between you and I?

Let’s say I have a handful of IP’s all within 20km to the CBD and approx $1m in debt.

Let’s say you own no property, currently rent, and live week to week comfortably.

I would assume you would say that you would be in a better position to…[Read more]

Freckle when the collapse happens next year you won’t have nothing to talk about any more! I guess I’ll see you on the sinking ship, I hope you can swim.

It’s fraud as you need to declare that income. If you do declare income than they will know you have been renting out the property. It’s all good till you have a falling out with your mate and dobs you in. I’ve seen it happen.

Wouldn’t every one just file for bankruptcy and clear the debt? I can’t see how my $600k ip 15km to the cbd will only be worth $300?

I've never been one to understand the share market. Most people that i know that have invested in shares have always lost big time.

But you are right, for those that know what they are doing it probably is the right time to make some serious dollars

Well I guess all we can do now is sit and wait. Reminds me a bit of that movie deep impact.

When and if the world packs in, what’s more likely to suffer the most, shares or property?

catalyst, what brand is the hardware?

I was about to post the same comment. Should have not settled until all defects fixed.