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  • Profile photo of Mortgage HunterMortgage Hunter
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    September 6, 2003 - 2:35 am

    ABN is free at the ATO website – you can actually apply on line. Anyone can get one to set up a business.

    A LODOC loan is neither good or bad. I wouldn’t recommend it for someone who doesn’t need one however if you do then it can be the only answer.

    Cheers

    Simon Macks
    Mortgage Hunter
    [email protected]
    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 6, 2003 - 12:19 am

    I think a credit card might be worth considering. Gives you a lot of flexibility at not too much higher price.

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 6, 2003 - 12:16 am

    No they don’t.

    Rental properties tend to be picked up very quickly just with a rental list in the office.

    Due to the quick turnarounds and possibly costs they are very rarely put on the net.

    Many agents I know can never seem to get around to getting sold houses off the net so imagine them putting rentals up and down every few days[:D]

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 5, 2003 - 9:42 pm

    Don’t expect any stamp duty relief in the short term.

    If they do reduce it by 50% (hypothetically) then the few thousand you might save will quickly dissappear as the market adjust upwards – consider how much more affordable first home ownership became after the FHOG – NOT!!

    Cheers,

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 5, 2003 - 9:39 pm

    Raymond Terrace is the administrative capital of Port Stephens. As such is has the council chambers and much of the infrastructure.

    There is also a major RAAF base in the vicinity which puts pressure on the availablitity of rental properties.

    On the downside it will always be the lowest socio economic area of the region with folks who can afford to, preferring to live at Nelson Bay and surrounding areas. There are also adjacent rural communities such as Medowie to consider.

    Raymond Terrace has experienced some strong recent growth in line with the rest of the nation.

    Please email me or post here if I can give any answers about this area – I am in Newcastle and have been involved in a development in Raymond Terrace.

    Cheers,

    Simon Macks
    Mortgage Hunter
    [email protected]
    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 5, 2003 - 1:37 pm

    Tass,

    Very easy to use either cash or equity to avoid x-coll. Shouldn’t need to refinance either.

    Might I mention at this point that I am in New Lambton.

    I would be happy to help you out in any way.

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 5, 2003 - 6:09 am

    Lessons I have learnt along the way and often remind myself of.

    Property is cyclical as is the stockmarket.

    Things are never different this time.

    Because you have made money in a boom doesn’t make you an expert.

    Cheers,

    Simon Macks
    Mortgage Hunter
    [email protected]
    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 5, 2003 - 1:35 am

    I strongly recommend Kristine.

    0411 525 565

    We are not associated in any business sense and I will receive no kickbacks. I have just found her to be a very friendly, experienced and capable broker. Ask her about her property development experience.

    Good luck,

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 5, 2003 - 1:04 am

    I think a share portfolio complements a property portfolio.

    Good yield and should get some growth when it is the stockmarkets turn to boom.

    Cheers,

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 5, 2003 - 12:43 am

    I think if you explained your issues with the Office Principal they might very well waive the one month wait. Esp when you point out that you will be calling ACA [:0)]

    Simon Macks
    Mortgage Hunter
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    Profile photo of Mortgage HunterMortgage Hunter
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    September 4, 2003 - 10:58 pm

    vik_fam,

    Why don’t you try with a post on this forum?

    Cheers [8D]

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 4, 2003 - 9:16 pm

    Get some advice from the department of fair trading about recovering some of those charges.

    Find a new PM and have them release the place.

    You may well have to cut your losses and put this down to experience. This sort of thing is fairly unusual.

    I am sure you have learnt from this.

    Good luck for the future.

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 4, 2003 - 1:46 pm

    1/100 yr floodplain will add a degree of difficulty to your finance but don’t let that stop you.

    Cheers

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 4, 2003 - 1:41 pm

    It is worth doing.

    The difficulty is finding the block at the right price.

    Finance isn’t the issue if the numbers stack up.

    Cheers

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 4, 2003 - 12:39 pm

    I know it is hard but cashflow deals are still there. I have two atm and only want one.

    I also have a colleague with some in Qld.

    If I can help anyone who is looking in the Hunter Valley or Qld please email me.

    I am not selling anything so please don’t give me a hard time [:)]

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 4, 2003 - 9:17 am

    Knowing that you have repairs to pay I would suggest that you renegotiate the price.

    Perhaps even factor in some more for the neighbours [:)]

    You would be surprised what you can do if you try!

    Good luck,

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 4, 2003 - 9:09 am

    I shouldn’t imagine there would be any difference.

    If you were planning on setting the rate at your rate + 2% then this would still be easily figured using current rates.

    You will be taxed on the full amount tho.

    Cheers,

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 4, 2003 - 4:00 am

    Why do you need to x-coll? Can’t you just draw a 20% deposit from the growth and then seperately finance the next one?

    And you are right – I have much to learn about financing wraps. My expertise has been the refinance when they cash out.

    Cheers,

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 4, 2003 - 2:23 am

    That CGT is halved after 12 months though.

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    September 3, 2003 - 11:45 am

    Maybe…

    It was one of the big four banks and a very sophisticated client.

    The five properties concerned were over $1M worth so $40K wasn’t a big call to find.

    That wasn’t a very good example – just trying to illustrate a point of how things can be worked out if everyone works together.

    I can assure you that this was all above board.

    Simon Macks
    Mortgage Hunter
    [email protected]
    0425 228 985

Viewing 20 posts - 3,661 through 3,680 (of 3,735 total)
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