Forum Replies Created
Mel,
Thanks for your reply. You seemed a little peeved that I dare air my view on this topic.[}
]To answer your question, I was assuming that others who have sourced loans for properties in certain postcode areas might be able to share that information.
Remember, this is NOT a mortgage broker Forum,[
] but a forum where borrowers can discuss and assist others.[][]It just seems to me that it has been hi-jacked by the mortgage brokers!!
thanks
Tony
Some Towns have a high rental demand and have not been done over by City investors. Many of the large rural Towns are having an oversupply of rental properties due to alot of City investor activity.
I purchased 3 mortgagee sales, one for $15k, one for $40k and the other for $45k. that’s a total of $100k and I will spend a further $20k on them.They will all rent out at around the $120 p/w, a total of $360p/w.The return is very high and there is heaps of capital gain also.[
]It took me about three months to find each property.Keep looking.[^]
cheers montrose, whereabouts and how are you finding it???? would be interested to talk to you, do you think that targeting small towns with growth is a viable option in purchasing and renovating and selling them, i see it as a bit of an untapped market,
cheers
lee[?]stop telling me i can’t do that, because u know what? I can!!!
Bear,
To your original question about lies to the lender.
My fifteen years of Police experience tells me that you will commit the offence of ‘obtain money by deception’, under the Crimes Act. People do get charged with this crime very frequently and sometimes go to jail[!]The same most probably applies to those who do not inform their lender or LMI that they are wrapping.[
]Be very careful in taking advice from all the guru’s and brokers about wrap finance, you are the one who will end up in it, not them![
]regards
Tony[8]
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] but a forum where borrowers can discuss and assist others.[
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