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  • Profile photo of ksherwellksherwell
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    @ksherwell
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    June 9, 2011 - 3:48 am

    There are a number of operators doing so up further north. Might pay to find the developer of these and have a chat

    Profile photo of ksherwellksherwell
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    June 9, 2011 - 3:47 am

    I have purchased a few commercial properties, you are at the mercy of the economy

    My belief is with the web building traction the retail space is shrinking. I like the idea of industrial (warehouses) 

    Profile photo of ksherwellksherwell
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    June 9, 2011 - 3:46 am

    I haven't purchased commercial for 2 years now, but I always bought off a guy named George Georgiou. He has over 25yrs exp in commercial property.

    Don't know where he is now, but know he was bloody good

    Profile photo of ksherwellksherwell
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    June 9, 2011 - 3:42 am

    I looked at it back in 2007, since then they have doubled in price. But have they reached there ceiling, that is still to be known.

     

    Profile photo of ksherwellksherwell
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    June 9, 2011 - 3:38 am

    Hi Oneworld

    Are you with a major lender?

    It may be worth refinancing depending what rate they re divert you too. If its under 7% you are ok, if not it may be worth refinancing and securing a cash back which a number of lenders are giving until the end of June.

    Profile photo of ksherwellksherwell
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    June 8, 2011 - 1:32 am

    Hi Wealthy,

    I used to be an estate agent within Frankston and considering the first home buyer demand within the area, you shouldn't have a problem selling. There is a lot of new infrastructure going into the marina and surrounding areas, which suggests prices are to stay level or rise.

    Since you are building 3, most lenders will consider this a business loan transaction. There are some non-conforming lenders with low rates that will consider otherwise.   If you wish for assistance, feel free to e-mail me.

    Profile photo of ksherwellksherwell
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    June 8, 2011 - 1:27 am

    CBA is now doing 97% LVR, depends where and what you are looking at buying

    Profile photo of ksherwellksherwell
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    June 8, 2011 - 1:26 am

    Hi Anhie

    Have received advice from your accountant? It's always wise to do this before purchasing an investment.

    Profile photo of ksherwellksherwell
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    June 8, 2011 - 1:23 am

    Hi Andy

    are you after low-doc finance? I know a provider that will provide 65%LVR back by ING.

    I've been searching for over a month to find providers as the banks have cracked right down on Low Doc.

    Profile photo of ksherwellksherwell
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    June 8, 2011 - 1:11 am

    Have you considered UBank or Beyond the banks? They too have 6.5% for refinances.
    Beyond can give heavy discounts
    I haven't heard of any better rates.

    Profile photo of ksherwellksherwell
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    May 24, 2011 - 12:25 am

    I would think it would destroy the mortgage broking sector, commissions have already been decreased, then to take out trail would kill the value of broker's businesses and the ability to purchase milk and bread.  

    Profile photo of ksherwellksherwell
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    May 23, 2011 - 11:51 pm

    Are you aware there are new laws coming into play in about 2 years re: finance trails ?

    I dont have a lot of information as it was broadcasted on the tv program "Today Tonight"

    Has anyone heard any info on this?

    Profile photo of ksherwellksherwell
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    May 23, 2011 - 11:48 pm

    In my experience they are not that strict and they only audit a few people, not everyone. I'm sure you will be fine

    Profile photo of ksherwellksherwell
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    May 19, 2011 - 5:53 am

    I use BDO

    Profile photo of ksherwellksherwell
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    May 19, 2011 - 5:53 am

    Franchise offers immediate leads, but they also take a large chunk of commission.
    I would consider running your own show.

    Profile photo of ksherwellksherwell
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    May 19, 2011 - 5:51 am

    It is Net of GST

    Profile photo of ksherwellksherwell
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    May 9, 2011 - 12:32 am

    I suggest getting your own valuation done they are only $250 – $500 or seeing a real estate agent for a 3 month report of RP data.

    Profile photo of ksherwellksherwell
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    May 9, 2011 - 12:29 am

    Contact a real estate agent in the area. They should have valuers details within their phones

    Profile photo of ksherwellksherwell
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    May 4, 2011 - 7:38 am

    good luck ferdinandch, good to see you are doing your home work

    Profile photo of ksherwellksherwell
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    May 4, 2011 - 7:31 am

    Hi Robbie go direct to the bank you trust most and do your own homework over the web.

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