Hi Johno & welcome []

I agree with Picja – if you want to get into property investing and have equity in your own home or super you can access to do it, there are heaps of options for you in the asset lend area (normally 70% LVR and lower) despite the fact you have no income.

Where are you based – I’d recommend you see a broker and get the…[Read more]

Hi,

I think Mortgage Hunter has a good point. Depending on the equity you have available AFTER selling costs for each of your IP’s vs their short to medium term capital growth potential (ie in an area just taking off, you’re about to renovate etc) I’d only sell enough to get you started into +ve cash flow and see how you go from there. Overall…[Read more]

Pleasure!

Another thing to be wary of is the amount that lenders will lend you in rural areas – always good to ask around who people in these towns bank with because the smaller the town the harder it generally is to get out-of-towner lenders onside. If you use a broker even better because they’ll do the hunting for you and should be accredited…[Read more]

Emily – head to forum fun ‘read this !!!!’ post, you may get more inspiration for the new bundle from this site than you expected …. hope your wife’s not reading this Aussierogue!

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Mel

My sides hurt … and my partner is running down the stairs to find out what the weeping hysteria is about – that’s beautiful!!!

PS I can say that now I’m self-employed [][^][]

Mel

Hi feathers and welcome! []

I’ve found the web site homepriceguide.com.au really helpful – it gives you lots of free ‘facts’ about an area, not sure if they are particularly up to date. Council websites are okay but sometimes terribly out of date.

Good luck!
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Mel

Well done!

Normally lenders won’t accept a reval within 6 months, but you are close enough to push it through probably. The easiest way to get a new IP loan that is self-securitised is to refinance your current loan for PPOR and IP and use those funds as a deposit for a new loan.

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Mel

Good first post Kittee – welcome []

It’s not hard to do – what you are talking about is called a ‘self-securitised’ loan for the new IP, ie where no other security is given because the lender is happy with the deposit and your ability to service the loan (as well as all your other debts).

The level most lenders are comfortable lending to for…[Read more]

Because by comparison it’s cheeper with better returns possibly?

How are they marketing the tax side of things and for what style of property? Foreign investors have to be approved by the Foreign Investment Review Board and it limits the selection.

Hope you enjoy the forum []

Mel

You win! [:0)]
Mel

PS
Q How many psychologists does it take to change a lightbulb?
A Only one, but the lightbulb has to WANT to change.

[^]

Nicely handled Steve, well done.

Hmm, disappointing when this sort of hype article goes too far isn’t it. Personally I find it borderline defamatory too, as I do much of Jenman’s material.

Shame, but keep shining!

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Mel

Three shockers, for those really really late nights:

Q1 What’s brown and sticky ??
Q2 What did the 0 say to the 8 ??
Q3 Why don’t you put an ad in the paper when you’ve lost your dog ??

A1 A stick
A2 Love the belt
A3 Dogs can’t read

They invented bon bons for people like me [^]

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Mel

Ikes – sprogs appearing everywhere !! []

Love Charly – very cute, no second name of Angel allowed though!!

Hmm, if it’s a boy …… my votes are Spencer, Bryon, Giovanni and Angus ….

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Mel

Welcome []

Try Dymphna Boholt in Maroochydore – v property investing focussed. Contact no. is 07 5479 4455.

Hope they can help!

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Mel

If you want to invest in more pos cashflow property selling may be an option you’ll to take unless you have large extra funds. Have you asked around about what the projected growth is for Richmond?

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Mel
melanie@homeloanconnexion.com.au

He has more options than a kid in a candy shop!!

I think he should be driven by what he is more interested in than anything else because there are dud options in every investment sector waiting for unsuspecting and uninterested investors. If he just wants somewhere to park funds and forget them has he thought about supplying mezzanine finance -…[Read more]

Impatience is a good thing!!

I’d be happy to chat about your options, my contact number is 0438 548 235 – look forward to hearing from you.

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Mel

Hi,

Where abouts? It’s probably easier if you want a hand to contact one of the brokers off-line. QLD’s 007 and myself are in Brisbane, Stuart’s in Melbourne, TerryW is in Sydney, Mortgage Hunter’s in Newcastle etc …

Good luck!
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Mel
melanie@homeloanconnexion.com.au

Hi Alfred,

I can highly recommend Dymphna Boholt – she is based in Maroochydore though but an absolute legend with property investors. Her contact no. is 07 5479 4455.

I use a great accountant in Brisbane who can definitely look after your tax and structures very well but I wouldn’t say they were lovers of property investing so I won’t…[Read more]

Hi & welcom []

I attended Peter Flannagan’s course at Coolum in July – it was three very long days (approx 14hours each) and only cost $5000 for a couple. The real value for me was an introduction to a wide range of strategies and possibilities and a good hard go-get-em push into investing, plus a couple of superb guest speakers Dymphna Boholt…[Read more]