Sorry chief []!

I have heard some horror stories (as no doubt most people who watch the evening news have unfortunately) but I honestly believe we deliver great value for all the reasons you point out above!!

Actually it’s one of my pet peeves re how some of the biggest players in the mortgage & real estate businesses base almost their entire…[Read more]

Stuart – would love to see the article when it’s done. My theory for clients on all these ‘ads’ is simple:

There are two ways to reduce your mortgage – (a) lower interest rate or (b) bigger repayments. The ‘managed’ mortgage managers get you the results by encouraging (b) where you put more in AND leave it there, while unfortunately…[Read more]

Steve achieved that return on about a third of his properties by wrapping and LPO’s I believe – hence their attractiveness!! []

Re SE Qld – it’s tough, but they’re around. Ones I’ve seen/heard of recently include run-down student accomodation in Sunnybank, under major power lines, out west near Esk, wraps on the sunshine coast hinterland etc.

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Mel

Hi Scott,

Heard on the weekend that this is a no go [], never tried to broker it before but appears to be fact. Have you tried to do it as a construction loan?

Cheers,
Mel

Depends.

Lenders are really looking at your net position for credit risk purposes, instead of your assets under the mattress so to speak, so providing you are disclosing all of your liabilities accurately and your loan services, I believe you can leave assets off. I’ve never had to do an application for someone with 130 properties yet so I’ll…[Read more]

Sach, as one of those horrid brokers I can happily say the fee is FREE [] most of the time as lenders pay us – and despite what you hear occasionally most lenders pay the same!!

Personally I think doing enough research to replace a FREE visit with someone with knowledge of over 400 products from 35 lenders is going to be tough, but not impossible…[Read more]

Sach I think like most mortgage managers, Aussie aren’t necessarily Bad, just lacking range and independence.

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Mel

Sach – just shop around. Ring up a few, ask people you trust who they’ve used that they can recommend or if you think any of us finance folk here can help just ask! [].

Re getting the best deal – to be honest getting the RIGHT deal is often the most important bit, and if you’re educating yourself on options I believe you’ll be able to pick the…[Read more]

Wow – now I don’t feel so bad!! I got sooooo addicted I almost got divorced (Maximus …?!) so had to SHARE my screen with my partner to show him what the caper was, then I kicked him off! [] First chat site addiction, looking forward to delaying withdrawal symptons for some time yet!!

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Mel

Hi Kierra []

Have you seen a broker? How are you structuring your loans – Interest Only or Principal & Interest, Line of Credit or basic variable, and at what LVR?? Also are you shopping between lenders (often a good option) or sticking with one?

This info will help with answers … []

Mel

Hi Carmen,

May be able to help if you tell me the town’s postcode & approx population.

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Mel

Howdy []

Great to see more new folk pouring in – all from IT! I’m a mortgage broker and novice property/share investor from Brisbane. Love this site, look forward to more posts from you all!

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Mel

Hi!

Regarding valuations – if it’s for the purpose of refinancing I recommend seeing a broker who should be able to organise a free one with a lender-approved valuer. Regarding a local building inspector, I can highly recommend Builder: Gordon Gillam – 0418 690 313
Pest Control: Sam Boyce – 0411 340 115

Hope that helps
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Mel

Noddies I think you’re right but I know a few brokers who also have financial planner quals and dabble in this area of managing investment portfolios which I assume is what Michael’s broker does.

Mel

If they charge you broker commission, sure, if it’s free, um no! Re travel etc. can’t see why not, the intent is doing what you do to earn income …

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Mel

Welcome aboard!! []

Seems like all the Sydneysiders are working today – clearly the heartland of negatively geared property!! [] []

Keep reading and contributing newgirl and I’m sure you’ll meet many new Harbour Town folks to knock heads with over property. Trail through some of the older posts – there were a stack about NSW properties a week…[Read more]

Hmm – like to see how that negotiation proceeds, you’re talking the king of positive cash flow TOWARDS him now …!

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Mel

Thanks!

Notice ANZ, Westpac, NAB and Homeloans Ltd all offer 10 year fixed – at around 7.3% – but not sure if they allow that to be I/O too.

Cheers,
Mel

If it’s got something unique, like water views, seem to go up & up & up …

A saying I heard about inner city off the plan appartments, as Dan the Man says:

When it’s just a glossy brochure, you’re sold the sizzle, when it exists (and it’s essentially competing against all the new glossy brochures) you’re trying to sell the sausage. Not quite as…[Read more]

Sorry to ask a daft question but what is LMR zoning?

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Mel