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Hi I gather you wrote to the coucil have you tried phoning them to see who the developer is ? you probably have but just a thought
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
Free March News Letter now availableYou would have to ask yourself if there is that much money to be made why is he sharing this idea and not out there making it himself.
Most of these make their money out of the seminars themselves, however I do not know anything of him myself.
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
Free March News Letter now availableHI Kobe 888 before adventuring into any joint venture I would suggest that you seek legal advice. It may also pay to find a good financial adviser and Mortgage Broker
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
Free March News Letter now availableNot that I am a skeptic or anything but I note that the last few in support of this company have only had 1-2 posts; and one being called “happy client” hmmm
I know nothing about them apart from reading the posts and visiting their web site
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
Free March News Letter now availableI am assuming you have already tried contacting a few insurance brokers
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!Hi I do not have the answers myself however if you go to the online shop of this web forum (see tags at top of page) there are books and courses that can be done.
It would pay to obtain as much knowledge as you can on the subject, even visit the local library. Speak with the council in the area you want to purchase, as all councils operate differently. Yellow pages and google search for local builders
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!Hi all
Michelle, Warratah 78 is looking to rent initially so doubt would be concerned what may happen down the track; See at the bottom of the post. But long term you are right a dodgy area can turn into a good investment if home work is done.Kuade , yes Spring wood has lots of potential very nice area as with parts of Rochdale and Daisy Hill I think has good potential as not too far away from it all
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!Hi Kidja
If yuo are goint to rent yourself it is not necessary to sell the property that you have as you can always draw the equity from this property to purchase the next. By selling and rebuying the cost of the stamp duties and agent fees can be a loss that you may not regain.
However without more detail it is hard to know where you stand overall feel free to contact me if you would like a hand with the structure
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!It may be an idea to include the area you would like to invest in as buyers agents often cover particular areas. http://www.propertyupdate.com.au/ Michael Yardley is often on this forum and seems quite popular I am sure he is from NSW
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!Yes I agree with Terry if you do interest only especially on investments it frees up the cash flow to pay off whats called dead money eg your owner occupied property. If there is no chance of changing the owner occupied to an investment property in the future it would be suitable to do P/I. on this property
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!Also speak to a Mortgage Adviser on how to set up the loan structure
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!Hi I have no idea of the areas discussed as I am in Brisbane however where I live I hear in years gone by had plenty of “scary” people. However now its the Ritz place to be or so some would say.
So I guess you have to weigh up have they done their home work and see potential change for the area? and if so do your research and see if you come with the same conclusions.
It would pay to get an alternative opinion on the valuations if this is possible as has been suggested. Remember these guys are probably top sales people whom can make something pretty ordinary sound pretty good
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!Hi Simon
There are a lot of considerations when structering your loans which need not be discussed for all to see. Why dont you use a mortgage broker to assist you most provide a free service and not only should they help you structure the loan but should take you through the whole process of settling.
There are many brokers on this site to choose from
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!That was a nice gesture Michael I am sure many will benefit unfortuantely I am in Brisbane
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!You could always contact the real estate institute of your state and see if they can take any action or they may be able to provide advice on how to deal with it if any thing can be done
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!Hi Brad I am inner Northern Suburbs and service that area feel free to contact me any time 7 days
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!HI Jxf
The interest only period may be set for a period of years say 5 for example, some loans it can be for the life of the loan. However returning to say the 5 yr I/O period that does not impact on the overall life of the loan.Eg if you take out a loan for 30 years and you choose to make the first 5 years interest only, it means that for the first 5 years you will pay nothing off the principle. However after that you will start paying of as a P/I loan for the remainder unless you make an adjustment. In other words once you have gone over that 5 years you will start reducing your loan amount, your repayments will increase to cover principle and interest .
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!This is where setting up a flexible loan structure at the outset is important ; such as a loan with an offset in case you change the purpose of the loan down the track.
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!Yes I tend to agree unless circumstances are tough and you really need the cash why sell. Markets will often have set backs but usually continue forward.
The equity that you have grown can be used to purchase more property if you desired
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!Hi kerumai I see you have an accountant selected already he/she should well be able to advise you how and if to use the trust system
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!
