Wow at 20 years old you are doing really well financially going by your savings. Predicting markets is a little like reading tea leaves so cannot help you out there.

Considering taking a Mortgage that will be upto $500 out of the pocket sounds a bit harsh for a first step. Being young you do not need to burden your pocket so heavily for your…[Read more]

We deal with the wholesale side of that lender “N” and yes their policy is to cross c and they can stand fairly firm on this. However push comes to shove and they will relent to get the deal. As Terry mentioned make sure it is organised at the beginning and would suggest in writing.

I had a deal that had been agreed to in the past and the…[Read more]

If you do a google search for the state revenue dept for your state or FHOG / your state, you will find the questions and answers you seek there.

If you move into the place and make it your owner occupied later down the track I would assume you would loose the first home owners grant as need to live in it within the first 12 months and for at…[Read more]

you certainly have the equity and most lenders will accept 70% of the rental income as part of the servicing. It would be best to have the whole scenario reviewed for proper structure feel free to contact me If you would like some assistance with this

Wayne
Mortgage Adviser
Email…[Read more]

It could be a little tricky it maybe worth speaking with a solictor. As if do not exit it correctly may dig a deeper whole.
http://www.osr.qld.gov.au/fhog/disqualifying.shtml
If they are not careful the FHOG I think can be taken back not to mention the legal implications.

Wayne
Mortgage Adviser
Email…[Read more]

Hi I have spoken with Spiro some time back and yes there is a $500 up front fee which I thought was a minimal loss amount if chose not to go any further. The rest from memory is paid on settlement.

He also informed me that the properties on the web site were only a part of what he has access too. At that time he also claimed that at times has…[Read more]

Yes thats right there is no need to be in the same city in this day and age with all the various forms of communication available

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
Refinace, Loan Consolidation, Owner Occupied or Investment Finance. Free Service we come to you!

Apart from doing diligent research on where to buy when and type of property etc. It is important to consider your medium to long term goals when structuring your loans. Setting these up correctly in the begining can save a lot of time and money. If not set up correctly may loose tax advantages.

Wayne
Mortgage Adviser
Email…[Read more]

Cannot say I have heard of them however I note that one claims to be one of the Reno kings they did extremely well in the property game. From what I hear they entered the market before the boom so this may have helped.

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
Refinace, Loan…[Read more]

There are many styles of investing Steves books would be a good start, the local library may be a source for others Jan Sommers is another good source.

Structuring the finance is also an important factor

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
Refinace, Loan Consolidation, Owner…[Read more]

Our loans would not work with that I am not sure what you are trying to achieve by doing this? Maybe they could do vendor finance for you

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
Refinace, Loan Consolidation, Owner Occupied or Investment Finance. Free Service we come to you!

Yes P/I is correct for your home loan as the less you owe here the better as has no tax advantage, you can always re access the equity for investment purposes. I gather the LOC has been set up for the investment property; with out more info on that I would be guessing for its structure. Eg may have a small LOC to raise the cash for the I/P or…[Read more]

A couple of available options are to buy another owner occupied or to split the money you have and buy a couple of investments. There is not really enough information provided, as investment properties can range from $70 k or less and upwards.

Wayne
Mortgage Adviser
Email…[Read more]

Hi yes you pretty well have it right if all your costs such as mortgage rates etc over the year are less than the income it becomes positive cash flow. There are ways to help create this by applying to have an advance tax relief. You fill out the form to have less tax paid from your wages. Further you can claim depreciation in some instances…[Read more]

Yes friends can have good intentions but often offer advise that is not founded. For your own satisfaction you can make a call the office of state revenue
Telephone the Client Contact Centre on 1300 300 734. THis is the qld branch not sure where you are? but do a google search for office of state revenue “your state”

Wayne
Mortgage…[Read more]

Both properties that I have purchased interstate before were done by flying up and viewing. This provides the ability to check the area out to support your research.

WIth todays cheap air fairs its worth a fly up to check it out even if fly back the same day as purpose is only to check it out. The realestate agent may even be nice enough to…[Read more]

Do you intend to buy the land with two titles or a block that can be converted to two titles?

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
Refinace, Loan Consolidation, Owner Occupied or Investment Finance. Free Service we come to you!

and to all the in betweens

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
Refinace, Loan Consolidation, Owner Occupied or Investment Finance. Free Service we come to you!

Sorry had not heard of them google search brought this up as a top ranker so this may be the one you are after

https://tradingreference.com/welcome.asp

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
Refinace, Loan Consolidation, Owner Occupied or Investment Finance. Free Service we come to you!

it sounds very cheap for water front where is it? I guess if you see large capital gain comming and do not need the rent for servicing ability on your other projects then you seem to have done ok.

On the other hand if you are going to need the cash flow then maybe you have taken the wrong path. Could you not build on it and rent it? have you…[Read more]