Total Members: 159,078

Ozbravo

  • Ozbravo replied to the topic Hey Steve, what’s going on? in the forum Opinionated! 21 years, 1 month ago

    Hi Guys…

    I agree with Leigh (theENJOLady)

    Steve gives so much for free and I think he’s entitled run the “user pays” side of his business as he sees fit.

    This forum is for those interested and like minded in building an IP portfolio.

    The light humour and friendly banter in the forums is great but lets get back to business.The bitching…[Read more]

  • Ozbravo replied to the topic 11 sec rule is OLD lowball rule in the forum Opinionated! 21 years, 1 month ago

    Hi Steve

    Accepting what muppet says as good way to verify that the 11 second rule is in the ball park for any given property.

    You are absolutely correct in your reply.

    You need to have a quick formula that you can apply without a calculator as you are scanning through the “for sale” listings to quickly compile a short list of properties to…[Read more]

  • Ozbravo replied to the topic Any Buyers Brokers in the forum The Treasure Chest 21 years, 2 months ago

    RT_from_Syd

    Hi

    Many people get paid money in a property transaction…For the most part I think the Govt is the greediest.

    I agree with Mortgage Hunters comments.

    That said …If you really feel that you can’t trust anyone who gets commissions from the lending institutions then IP’s might not be for you. I dont mean that in a nasty way…[Read more]

  • Ozbravo replied to the topic How to borrow 100% without paying mortgage insuran in the forum The Treasure Chest 21 years, 2 months ago

    Sala55

    Sometimes you can get some of it back.

    Good luck trying though. I tried with Rams and was so worn out in the end I gave up.
    I swore they wouldnt wear me down but they did…and I decided to get on with my life ans let it go.

    Everyone tells me I should have demanded action but its easy to spruke what you would do in another mans shoes.…[Read more]

  • Ozbravo replied to the topic How to borrow 100% without paying mortgage insuran in the forum The Treasure Chest 21 years, 2 months ago

    Redlilia

    Insider is correct. Buying undervalued is one way however…Many Banks consider the selling price as the “market value” and won’t finance at the “lower than market price” valuation amount. .

    If you are an established customer or use a broker however, its much easier.

    The other problem is that when you buy undervalued you need to be…[Read more]

  • Ozbravo replied to the topic Anyone had dealings with Saphire Mortgages, Newby in the forum The Treasure Chest 21 years, 2 months ago

    Hi alan_jay again…

    As vik_fam pointed out…they do advertise their comparison rates on their web site.

    Check them out at
    http://www.sapphiremortgageservices.com.au/

    Good luck.

    Rob [8D]

  • Ozbravo replied to the topic Anyone had dealings with Saphire Mortgages, Newby in the forum The Treasure Chest 21 years, 2 months ago

    Hi alan_jay
    I know these guys and would not hesitate to use them for your finance.

    I’m surprised you havent heard of them, they advertise on morning TV and Ive heard their adds on the radio. (In Sydney but can’t remember what station)

    Sapphire are mortgage originators not brokers.
    They are the next level up from a broker without being a…[Read more]

  • Ozbravo replied to the topic 11 second solution in the forum The Treasure Chest 21 years, 2 months ago

    Hi Garger

    I searched the net and found 6 properties that fitted the rule in about 15 minutes.

    Its more about finding the right sites and restricting the search to outside the bigger cities.

    Try
    http://www.domain.com.au
    or…
    http://www.realestate.com.au

    but whatever you do…DO NOT STOP LOOKING!!!

    Kind Regards

    Rob [8D]

  • Ozbravo replied to the topic Positive cash flow and tax in the forum No Subject 21 years, 2 months ago

    Apollonia

    You only pay tax on on money you earn…therefore if your paying tax… your making money.

    A wise man (my dad) once said never stop making money to avoid paying tax.

    I agree with him

    regards

    Rob [8D]

  • Ozbravo replied to the topic “Off the plan” – as the vendor in the forum No Subject 21 years, 2 months ago

    XYZZY12

    Mortgage Hunter is right.

    Buying OTP relies on the development being completed on time and to the standards and finishes expected and fingers crossed that the market doesnt move the wrong way during the construction period.

    Buying OTP has its merits but I wouldnt do it for my first property and its not for novices.

    You need to not only…[Read more]

  • Ozbravo replied to the topic what is a good salary these days? in the forum No Subject 21 years, 2 months ago

    Good on you Kimmy,

    Youve got it made…A good saver with 3 IPs. [:O]

    I love hearing those stories. It gives the rest of us hope.

    Kind regards

    Rob [:)]

  • Ozbravo replied to the topic what is a good salary these days? in the forum The Treasure Chest 21 years, 2 months ago

    Hi Richmond guy.

    From low 6 figures to whatever you can get.

    Bear in mind people will only pay what you believe you are really worth.

    I don’t know why that is…it just is. Spooky hu?

    There seems to be a glut of people between 50k and 75k…For some reason once you break through that barrier and hit 6 figures, your income just seems to take…[Read more]

  • Ozbravo replied to the topic How does one become one’s own Mortgage Broker ? in the forum No Subject 21 years, 2 months ago

    Hi Melanie,

    How do you keep up with this forum?![:O]

    I pretty much became a broker for the same reasons as you I guess, however I am not full time as I love my other job and would do it (my other job) rich or poor. Preferably as a hobby in the future because I have a funny feeling for the first time in a long time that I am going to be financially…[Read more]

  • Ozbravo replied to the topic How does one become one’s own Mortgage Broker ? in the forum The Treasure Chest 21 years, 2 months ago

    Hi Simon,

    Thanks for your kind reply.[:)]

    Fortunately we live in Australia where you can be friends and still have differing points of view.

    Sorry…My point about signatures wasnt intended for you to remove yours… Rather, I was explaining why I had made my post anonymously.

    To be honest It hadn’t realised that you had included contact numbers…[Read more]

  • Ozbravo replied to the topic How does one become one’s own Mortgage Broker ? in the forum No Subject 21 years, 2 months ago

    Hi Simon…

    No… “I” wouldnt go through the expense and time to be my own broker, just to save a few bucks…However that wasn’t the question being asked that started the forum.

    The question was.. “How does one become ones own Mortgage Broker.”

    You analogy about being a Mechanic to work on your own car is drawing a very long bow. Becoming a…[Read more]

  • Ozbravo replied to the topic How does one become one’s own Mortgage Broker ? in the forum The Treasure Chest 21 years, 2 months ago

    Michael,
    Melanie is spot on so I won’t rehash what she has alredy outlined.
    Its worth considering becomming a broker even if its just to service your own finance for the following reasons.
    * The commission structure is pretty handsom
    * Its part of your education anyway
    * Its often not just a box ticking exercise as many brokers have access to low…[Read more]

  • Ozbravo replied to the topic Are Brokers tax deductable ? in the forum The Treasure Chest 21 years, 2 months ago

    Michael,

    A Mortgage Broker’s job is to source the best loan for you not manage your portfolio.
    Every man to his trade.
    If you want help to manage a portfolio I would suggest that you use an Accountant with experience in that particular field.
    Also…If a broker charges you a fee, dont use him/her.
    Mortgage Brokers get paid by the Lender and…[Read more]

  • Ozbravo replied to the topic Are Brokers tax deductable ? in the forum No Subject 21 years, 2 months ago

    Hi Michael,
    Interstate travel…
    Bear in mind that if you travel interstate to do business back home it will probably be disallowed as a deduction, especially if you stay for longer than it takes to do your business.
    If however, you purchase a property interstate then the deduction would probably be okay.
    That said…check out the ATO site or ask…[Read more]

Ozbravo

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