Make sure you read your contract very well.  Ensure you are well aware of any penalties imposed by the lender if you should pay out the loan at any stage,The rate is reasonable but check the fees.Cheers,

You should call him direct.  I am sure you will be pleased.

DHA?Some great advantages and some disadvantages make these deals attractive for the "hands off" investor.

I reckon interest only loans are the way to go for 99% of all property purchases inc PPORs.  Combined with a 100% offset they are hard to beat.Prepared to argue this one with anyone Cheers,

A couple of points.You don't forgo the FHOG – just the Stamp duty exemption if you buy an IP first.You also get a CGT exemption if you buy a home and live in it for 6 months.I personally prefer the PPOR route -but your decision!!

https://www.propertyinvesting.com/forums/property-investing/general-property/22883?highlight=debt%2CmonsterMaybe an idea in here may help.Cheers,

Qlds007 wrote:
MooseOther way around.Rams are a securitised lender so therefore ever loan irrespective of the LVR is mortgage insured.You therefore have 2 levels of underwriting and with LMI tightening up policy across the board I can think of many other lenders I would approach first before i go to RAMS. 

I agree.  There are reasons not obv…[Read more]

People new to investing do searches and find the presenters that sell a get rich quick idea.I would advise you not to even think about this stuff.  Save a deposit and buy a property.  Repeat.  In ten years you can have 5-10 properties and you will never look back.if it was cheap and easy to make money then we would all be doing it that wa…[Read more]

there is no such thing as a credit rating in Australia.you either have a bad credit history or you don't.Sounds like you have nothing adverse which is fine.Cheers,

Mikey P wrote:
Only one thing standing between you and making a profit on any real estate is time!!!!!!!!!!

and effort and attitude!!

GoldCoastGirl wrote:
The fallacy (downfall) of the internet and text based communication.  You didn't see my body language and tone of voice as such so you would never have seen that I didn't mean it in any other way than a helpful one.  A lesson learnt for everyone – don't read "into" the message.. just read it.  Only read "into" the message if…[Read more]

You will get the rental for the property that the market is willing to pay.  This is regardless of who rents it.So talk to some local property managers and ask them for a rental appraisal.  Get three of them.You will then be able to work out a figure it will get based on the property and it's improvements and you can decide whether to use one of t…[Read more]

None that I am aware of except maybe stray golf balls They are more or less like any other strata property.  The pleasant aspect of the green golf courses attracts people besides golfers and many are gated communities which is also a positive point of difference.Good luck to you,

You will be entitled to a tax refund for the time you rent this proeprty out if your costs exceed your income.You will not be able to claim these repairs as they are capital in nature.Cheers,

zayne wrote:
Ok so at long as they are 2 seperate loans I can claim the interest charged from borrowing form my PPOR to find a deposit and stamp duty for an IP?

Thats what I do!

Be careful mate.  OTP is not the path to easy money that it was during the early part of the last boom.You will never hear about the best ones unless you get friendly with agents and developers.  The very best deals are not usually advertised – if they are then they go quick.So start calling agents and get them to put your details on their list o…[Read more]

http://www.smh.com.au/news/banking/broker-may-compensate-victims/2007/06/18/1182019025706.html

ry another lender who has more amenable valuers.Your broker should have one up his sleeve for you.

To fine tune Steve's detailed post just a little …If your current PPOR is ever to be turned into an IP then pay this loan "off" via an offset account.  It is virtually the same except it allows you to pull your repayments for the next PPOR without compromising the tax deductibility.This is often the case for the young couple moving on from…[Read more]

If you redraw any money it is seen as a new loan.  What you spend it on determines the purpose of this new loan.If you draw some money for personal use (car, home, PC, holiday etc) you will then have a non deductible portion of your loan.  This can get very messy.Save your money in an offset account.  Preferably attached to your PPOR loan.  Off…[Read more]