I think the word OWN should actually read OWE.

On the basis that the GST is payable on the Contract price it is payable as part of the Settlement Funds.

For cash flow purposes you might want to time the Settlement date  to tie in with the end of the quarter.

Why would you not just go to Contract at $230K and have the extra equity built in.

Admitedly your LMI would be a little higher but at least you wouldnt be spending years looking thru bars thinking about "if only"

Yos

Yes Gemworth have changed and PMI/QBE will change later this week.

What about the lenders who dont mortgage insure ? There are always options.

You need to understand that the Gemworth policy varies from lender to lender so you may still be able to refinance and move forward.

Also bear in mind that not all lodoc loans are mortgage insured so that will also help you carry on.

When you are checking those facts Dale you might like to see where Lee Doyle spent the first 2 1/2 years of his working life !!! (even check with Jeff Brown)

Park Trent does like to make a profit and so do Financial Planners but thankfully we dont rip clients off to the tune of thousands which can be evidenced by the number of valuations I hold in my office from clients who have purchased through PK or their associated organisations.

Thankfully I have numourous clients from the forum who we have saved from Cross Country Realty and steered them in the way of a professional selling outfit.

Times must be tough at CC if your opening post has to be one that you pat yourself on the back.

This forum is a great place to share information and knowledge with fellow investors but we dont all post merely to promote ourselves and tell the world how good we are. Sometimes we offer advice and knowledge for free !!!!

By the way as you now nothing by about my financial position (yes i did retire at 39 and then come back and start my own boutique brokerage if you care to read some of my former posts)  posting is a hobby as well as helping clients and members get a start in property investing.

Dont you love the phrase:

I am connected with a large property investment and marketing organization that strives to assist mum and dad investors to create independent wealth through building a property portfolio.

Which means i work for a marketing organisation that sells over prices properties to unsuspecting buyers.

For Caboolture use the best agent up there (sold more property than any other agent for last 3 years) and that is Lee Doyle at LJ Hooker Narangba.

Trev Yes sorry i assumed you meant you where buying in the US.

Again dont want to disagree but even with a long settlement, using VF, flipping the deal etc you wont get a no money down deal being a FN.

Trust me i have financed enough deals with uS lenders in the past 5 years.

In Oz this is standard practise for wrappers or flippers.

Sorry to disagree

Pokie Machines !  The Perfect Business…

I see that a Las Vegas casino filled for bankrupcy overnight.

Start a Collections Dept ……………….

Sorry for being so flipant but hate to say it is true.