Hi Cathy

Thats a fairly open question and you could get many a varied response,maybe if you defined your question down to a scenerio of sorts you might acheive what your after.

There is no best lender as it depends what best suits you

cheers

Paul

Paul Meese
Onyx Finance
[email protected]
0412 850 820

I currently have interest only loans on all my properties that allow me to make extra payments and lump sun deposit with no penalty if required.

Why would consider Principle and Interest loans when you have a facility like this available to you

Cheer

Paul

I

Paul Meese
Onyx Finance
[email protected]
0412 850 820

Not to state the obvious but you need to make an offer ,any offer so you have a platform to work from.
I would also suggest all offers are to be subject to finance,building and pest etc.

As you generally buy property for the long term does it matter if you pay 5 or 10 % to much now in ten years it will be irrelevant as the property will have…[Read more]

If i had a lazy $1000 an Hour i would sit with Bill Zheng, he founded his Broker business Investors direct just over 4 years ago and has grown a client list well into the thousands, not bad for a guy that couldn’t speak of word of english when he arrived in Australia.

cheers

Paul

Paul Meese
Onyx Finance
[email protected]
0412 850 820

All my loans and majority of my clients have variable on both PPOR and IP loans.

Our lender gives us an interest only product that allows us to make extra payments and lump sum without penalty, why would you want a principle and interest loan when you can still pay down your loan on this type of facility

Cheers

Paul

Make your money work for…[Read more]

Hi Guys

I have a 2 page brief that outlines the different trusts and their uses it might be of some value to some of you.
If you send an email to [email protected] i will send you a copy

cheers

Paul

Paul Meese
Onyx Finance
[email protected]
0412 850 820

Hi Guys

To all of you who are serious about creating wealth you would know that property is great for long term wealth creation but you also need to look at ways to generate monthly cash flow.

I utilise the share market , you can generate on average 2-3% per month writing calls against shares you own or you could look at trading CFD’s where it…[Read more]

Thats understandable you might disagree and promote your own company, i am merley offering some insight to the readers in to what many of my current clients have acheived and have a proven track record doing and increased their wealth significantly over the past few years
I to have a healthy client list of whom 80% are active investors and as a…[Read more]

Hi Guys

As a Finance consultant and investor in both property and the share market myself you could talk to 20 people and get 20 answers.
For anyone who is starting in this game i beleive you should spend sometime attending a few wealth creation seminars that currently do the circuit, these seminars have created the foundation for many succesful…[Read more]

Do you know what it is valued at today

Paul Meese
Onyx Finance
[email protected]
0412 850 820

i have been told by others that Bank west will do serviced apartments.

Paul Meese
Onyx Finance
[email protected]
0412 850 820

The horse is named Friday

Paul Meese
Onyx Finance
[email protected]
0412 850 820

You have $50 – $90k worth of equity depending on if you wish to utilise mortgage insurance plus they will take the expected rental as income.
You need to find out what your lending capacity will be so you can determine what price range to you are looking at.

Ring a broker and have them do the numbers for you, it’s free and they should be able to…[Read more]

What you need to consider with valuations is that they generally are valuing based on what they presume you can sell that property for with in 30 days if required and they will look at what has been sold in that area over the last 12 months.
As far as valutions go we conduct pre application valuations for our clients prior to submitting an…[Read more]

It depends how you veiw it,a P/I loan will be a higher repayment which means more cash out of your pocket and you can’t claim any of the principle anyway
For eg a $300,000 loan on P/I @ 7.5% will cost $2097 per month and on interest only will cost $1875 per month so you are paying an extra $222 per month or $2664 per year.(not deductible).
Your…[Read more]

Hi Boatie

Just out of curiosity why are you looking to sell when you could look at refinancing those properties for minimal cost(as opposed to selling costs and capital gains)draw down on the equity release which you could then use to service the current shortfall in repayments and possibly buy more properties and be well on the way to building a…[Read more]

capital gains is all ways an issue if property is sold within 12 months,but i guess thats just part of the game.
I do beleive we paid stamps as well

Paul Meese
Onyx Finance
[email protected]
0412 850 820

such a shame to have all that equity lazing around not working harder for you,have a look in to the share market and writing covered calls there are broking houses averaging 3% a month and better on your portfolio’s and they can margin on your money by 50% to give you more exposure.
For those who are risk adverse you are able to simply cover…[Read more]

This is unfortunately one of the pit falls of borrowing 100%,you might need to hold on until the equity has a chance to grow as most lenders will look at a 90% refinance or possibly even a 95% if it is a single debt refinance.

Paul Meese
Onyx Finance
[email protected]
0412 850 820

Hi to all

I attended a seminar recently for a prominent property developer/investorgroup and they offered us the following advice in regards to the property cycle and where we are at the present

Uptrend Brisbane,Melbourne

at peak West Australia , Darwin

Down trend Canberra,Adelaide

at the…[Read more]