Terryw wrote:
that is like asking which is the best food?

And my answer would be lasagna, as I like the sauce the missis makes.Can't be to hard of a question, you must favour 1 bank more than the other because ?? and there interest rates are always good.

Thought that would be the case22 years and you should have the principal returned

blackhotel wrote:
Thanks everyone,The deal is that I actually have already loaned him the money 3 years ago, but his accountant is hassling me that I am charging 12% on the loan. The accountant says it's way above commercial rates. I beg to differ, so I just wanted to get other opinions on the matter. Just another thing, I loaned him the mon…[Read more]

Hi Blackhotel,I have loaned my brother money for a business before and I made sure I was 50% director of the business and 100% owner of the sellable items, if they needed to be sold of, basicly he owned nothing, but he ran the business and earned a wage and made 50% profit at the end of each year, I got no wage because I did not work there but I…[Read more]

Jaffasoft wrote:

keiko wrote:
Jaffa, you say approach solicitors for finance, would you know the interest rates  they charge? and are they loaning out there clients money?Thanks

I don't know off individual interest rates for any particular place or person but private lenders will be wanting to make 2.5% or so percent more then the banks i…[Read more]

Basicly if you buy a house for $100,000 and you pay $7,000 pa in interest and $2,000 in rates and insurance and allow $1,000 for maintanance which totals $10,000 per year and your property returns you $12,000 per year, then you are positivly geared but if the property only returns you $5,000 per year then you are negativly geared, if it returns…[Read more]

Jaffasoft wrote:
You don't mention if you have any equity in other properties? Why does one bank from the next know that it's account conduct. You need more cash or more security to offer a bank or some other lender perhaps door knock private solicitors or search private solicitors in google to borrow from but will be higher interest rates. Have…[Read more]

I beleive you should really check your statements, I have not used watchdog or any other but I have done my own calculations and every month there is an error on my variable loans, If your no good at doing your own calculations then I reccomend using watchdog or another.you will find errors, I have seen $200 go out one month and other months it…[Read more]

I am also keen to know the answer on that

renosell wrote:
Hi,I currently own a home with a $400k mortgage and have about $500k in equity. Should I use all my equity, I can't afford to make the repayments.How on earth do I get ahead then???

 Maybe this is an option, loan me the money, I will then pay you $50,000 per year interest only over 5 years and then after 5 years you would have…[Read more]

Banker wrote:
I understand your predicament. Re additional 50k. The dollar amount is not so much the point – point being that aggressive invesment stratergies are always capped by equity or servicabilty or both – therefore how do you make more money and make it faster to feed your property investment ambitions??? How do you make an extra 50k,…[Read more]

Banker wrote:
So have you explored other ways to make cash? E.g. a way to make an extra 50k per annum to help raise deposits and provide servicing for banks? To grow a really big portfolio you also need a good cashflow generator… If you could sort this you could buy as many properties as your heart desires!

Hi BankerAlready making plenty and…[Read more]

Banker wrote:
Sorry but 10% to get you to 100% will be a stretch. If you look online for second mortgages You are closer to 18% but you still need some equity. Caveat loans can cost up to 5% per month. You need to work out a way to get some cash / assets first.

Hi BankerI did not spot to many 18% most were around 14%I have cash and I have…[Read more]

cool thanks banker, yep business loan but not with nab, so I guess 6 would mean I am not best but maybe excellent

if they don't want to return your email then there is probably a reason for this, maybe a slack receptionist but the way I look at it if someone can't be bothered to get back to you then don't chase them find someone that will chase you, your the person with the money that will make there business grow so if they want your money they should email…

Does anyone know of any town planners in queensland that offer a similar deal, get council approved and I pay or if I don't get approved then I don't pay???

I think we will see a bit of an increase in some areas and then things will drop back a bit then it will sit flat for a few years and some areas may see loss or little growth, but I really think it comes down to the areas your living in, as obviously some areas will perform better than others.

you looked at the wrong rentmaster, try http://www.rentmaster.co.nz its also for the OZ market as well, approx $135

Ive tried rentmaster and its not bad

what an idiot banker, thats why hes a banker and not a property investors but still you would think he would be a bit more onto it.so is he gonna lend you the money???if not time to find a new banker