Hi Bill,

Would like to get a copy of the info you mentioned.

Many thanks,

Nathan

[email protected]

Hi,

To narrow down the selection criteria, I like to look at the comparison rates for each loan that I am considering. Comparison rate legislation came in here in Qld this financial year. If you don’t know what a comparison rate is it would be worth while having a read about them. There are a lot of articles around at the moment that go into…[Read more]

Hi fallout,

If you get stuck, drop me an email at [email protected]. I can reject/ decline you really quickly, and it won’t affect your credit rating.

What service!!

Cheers,

Nathan.

Hi Nick,

Terry is spot on!!! The premium that you pay for LMI is a scale from 80.01% to 97% +. LMI is calculated as a percentage of the loan amount. So the premium that you pay is relatively cheap in the low 80%s[] and can be very epensive at 97%!!.[] Obviously more risk to the insurer as your deposit decreases.

There is also a difference if…[Read more]

Hi willi,

My brain is not working at full speed this time of night, but i seem to remember reading somewhere that contracting to enter into a future contract is not legally binding.

Eg if you were to draw up a contract with a potential wrapee to enter into an installment contract/ lease option agreement in the future, it would not be binding.

I…[Read more]

Will be good to see the faces behind the typing!

See you all there

cheers and happy travelling,

Nathan.[][][]

Hi,

Lenders look at two main things when it comes to approving a loan. 1. Equity/ Deposit. 2. Capacity.

You may have money/ assets /equity in abundence, but if you cannot show that you are capable of repaying the loan, you will struggle.

Do you have any other sources of income other than unemployment benefits?

There are more flexibile…[Read more]

Hi,

Why do you want to avoid cross collateralising your properties? What is your investment strategy?

It is hard to work out whether your scenario relates to cross collateralisation or not. Ask what the security is for your new loan. If it is only the new IP, then it should be a stand alone mortgage.

What the NAB may be doing is increasing…[Read more]

Hi Nick,

It is always handy to have the ersidex report before you start negotiating, but having said that, it you have done your due dilligence, and the cashflow looks good, I would not be overemphasising the purchase price. If you are obtaining finance, ask them to do a full valuation on the property. (Hopefully the offer is subject to…[Read more]

My pleasure!

thank-you for the thank-you.

All the best for your investment ventures

Cheers,

Nathan.[][][]

Hi Mouse,

Institutions look at two main criteria when you apply for a loan. Capacity/servicability and Equity/Deposit. These are the limiting factors when you are trying to expand your portfolio (before being maxed out & using Steve’s advice).

The capacity/servicability side of things is all about the question of what size loan can you afford…[Read more]

your positive attitude fills me with joy and happiness!

[][][][][][8D][]

Cheers, and keep up the good attitude

Nathan

Hi,

How about “A winning strategy”

or “A win win stragegy”

or even “A winning real estate strategy”

Cheers,

Nathan.

Results from the latest brainstorming session:

1) The keys to property investment and passive income.

2) The master guide to property for positive cashflow

3) A formula for wealth

4) Making money with income producing properties

5) The fasttrack to real estate riches

6) Profitable real estate investment

7) Successful strategies for…[Read more]

Another one poped into my head:

“The positive approach to people and property”

make that 2 or 3!

“People, property and positive cash flow”

“People, property and financial freedom”

Cheers,

Nathan.

Hi Steve,

My thoughts:

“A passion for people and positive cashflow property”

or lessening the mouthful

“A passion for people and property”

I am sure my english teacher would be proud of the alliteration!

Cheers,

Nathan.

Hope the tune up makes you feel as good as new!

Here is to a speedy recovery,

Cheers, and happy resting,

Nathan.[]

Entertaining story Steve. Should be a great book.

It is amazing how much valuable information you can gain from a neighbour. Current tennants of potential investment puchases are also a great source of information. I have had a few happily give me a tour of the property pointing out everything that needs attention/ fixing. One of them did a…[Read more]

Hi Grizzly,

Checked out their web site. What sort of fees do they charge and how do they select investment properties for you? Brisbane is a big place!

Cheers,

Nathan.
[]

Hi Prado,

settlement is the answer!

That was quick and easy!!

Cheers, and happy investing,

Nathan.[][][]