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Mortgage Hunter
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July 14, 2007 - 11:49 am
You should call him direct. I am sure you will be pleased.
Mortgage Hunter
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July 13, 2007 - 2:00 pm
DHA?
Some great advantages and some disadvantages make these deals attractive for the "hands off" investor.
Mortgage Hunter
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July 13, 2007 - 1:59 am
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,
Mortgage Hunter
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July 11, 2007 - 12:19 am
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!!
Mortgage Hunter
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July 10, 2007 - 1:20 pm
https://www.propertyinvesting.com/forums/property-investing/general-property/22883?highlight=debt%2Cmonster
Maybe an idea in here may help.
Cheers,
Mortgage Hunter
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July 10, 2007 - 1:11 pm
Qlds007 wrote:
Moose
Other 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 obvious why a true investor wouldn't go to a securitised lender like this.
LMI on all loans (even if you don't pay a premium) caps your borrowing power much lower than mainstream lenders.
We don't tell you this out of sour grapes either
Mortgage Hunter
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July 10, 2007 - 1:07 pm
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 way.
best of luck to you if you do spend the money he is asking
Mortgage Hunter
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July 9, 2007 - 10:18 am
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,
Mortgage Hunter
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July 6, 2007 - 9:22 am
Mikey P wrote:
Only one thing standing between you and making a profit on any real estate is time!!!!!!!!!!
and effort and attitude!!
Mortgage Hunter
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July 6, 2007 - 9:18 am
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 there are emoticons etc to make you realise how the person is "speaking" as such.
<br /;)” title=”>;)” class=”bbcode_smiley” /> I'm not being condenscending just trying to help.. my bad!
Thats a very mature way of handling an attack on yourself.
Good gear mate
Cheers
Mortgage Hunter
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July 4, 2007 - 11:28 pm
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 those managers or manage it yourself.
Cheers,
Mortgage Hunter
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July 3, 2007 - 1:49 am
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,
Mortgage Hunter
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July 2, 2007 - 5:13 am
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.
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Mortgage Hunter
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June 27, 2007 - 10:28 pm
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!
Mortgage Hunter
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June 27, 2007 - 5:38 am
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 of ready buyers that are set to go if something good comes up. Choose those who seem to get most of the development work.
Cheers,
Mortgage Hunter
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June 25, 2007 - 8:37 am
http://www.smh.com.au/news/banking/broker-may-compensate-victims/2007/06/18/1182019025706.html
Mortgage Hunter
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June 25, 2007 - 5:15 am
ry another lender who has more amenable valuers.
Your broker should have one up his sleeve for you.
Mortgage Hunter
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June 24, 2007 - 11:46 am
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 their starter home or flat into something a little bigger – esp after children come along. Had they paid the starter home loan off and decide to keep it as an IP then they now have all their equity in an IP and 100% loan against their PPOR – not the most tax effective setup!
An offset really works well when used properly.
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Mortgage Hunter
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June 24, 2007 - 7:51 am
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. Offset accounts are entirely seperate accounts and you wont have the above problem.
Mortgage Hunter
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June 22, 2007 - 12:58 pm
You should learn as much as you can from them.
Don't just take – offer them something in return, good company, meals etc are all appreciated by people.
Ask to buy into a project maybe? But make sure you are in a position to move if they offer you a crack at something. don't just tyre kick and spoil an opportunity.
Cheers,