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  • Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493

    The main difference between a ‘wrap’ contract and a standard home loan is that little thing known as the UCCC. Take a look around for yourself… http://www.creditcode.gov.au/

    Kiwi, not everyone can afford a solicitor. It might be a good indication that a wrapper would be less likely to be able to afford it seeing they are considering a more expensive wrap over a standard loan.

    Many of these people are desperate and will sign anything. I believe that there should be legislation enacted to require independent legal advice to be sought by all purchasers of non-coded loans. This way, they would be made aware of the pitfalls by an independent party and could not complain if something went wrong.

    Brokers still cop it and we arrange coded loans. Wraps have a LOOOOOOONNNNNGGGGGGGGG way to go before being accepted by the majority.

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

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    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    I would tell you to go away if you came to me with that.

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    I would sign the one year lease without an option period and once it is signed, I would inform the dentist that the lease will not be renewed at expiration and spend the next year finding a replacement tenant.

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

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    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    How about actually telling us how to do it?

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

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    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    YES – if done as part of your business.

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

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    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    Kiwi,

    Out of interest, how many properties do you own and how many do you control under lease options?

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    I don’t think you guys know much about these areas.

    Redfern might have a lot going for it but it has one huge problem – CRIME!

    The locals will never go, the shops will never remove their steel bars and roller shutters and you will never be able to walk down the street at night and feel safe. Walking around the shops in the day time is bad enough.

    Redfern (and Glebe as I saw it mentioned) are designated ‘crime spots’ by the NSW Police. We all saw the Redfern riots. I was even caught up in a huge riot in 1998 when the locals went nuts over the 200 year Aussie celebrations. It was not a pretty sight.

    Designated ‘crime spots’ mean that you can’t even park on the side of a street if the police tell you to leave.

    One experience of mine…

    I stopped on Glebe Point Road once at the 7/11, dodged the kiddie criminals that congregate there and harrass and mug a lot of people passing by, refused giving cigarettes to two kids who looked about 10 years old (mind you, it was 2am on a Wednesday), bought a coke and went back to my car to have a coke, a smoke and a smile while reading a criminal law book that I was studying.

    The genius policeman pulled up alongside me and asked me to leave. I told him I would leave when I was ready. He told me that if I didn’t leave, I would be fined $200 for not following police direction. I responded by saying you don’t have the power. He said we have power under the ‘move along direction’ regulations and the fact that the area was a designated ‘crime spot’.

    Many here know that I love a good debate so I responded with “I don’t see any signs telling me this is a ‘crime spot’ and if you want to fine me under your weak ‘move along direction’ powers (and I use the term loosely), I said go for it. I also told him that I was going nowhere until I finished my coke and my smoke and I smiled at him. :)

    Anyway, he got out of his car getting all aggressive at me so I told him to go and tell the ten year olds to go home and disburse the gang that was hanging outside the 7/11 not 20 metres away. When I said do some real police work, he became furious. I then got out of my car and he saw what I was reading. It is amazing how quick his tone changed.

    Anyway, the end result was that I did not leave until I was ready and the police never sent me a fine. I later looked at the powers he tried to use on me and it only applied to drug dealers and the like. I would have got off in any case.

    My point…

    These areas are so bad and the police are so frustrated that there is no longer any freedom except for the bad element. They get charged and then put back on the street to cause further havoc. The police approach honest citizens with contempt and out of frustration and not being able to get anything done without fear of reprimand or prosecution.

    If the laws are changed to provide the police and the courts with stronger powers, then these areas will change for the better. Until such time as this happens, Redfern, Glebe, etc will always be a designated ‘crime spot’!

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
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    @robbie-b
    Join Date: 2004
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    There are other investments besides lease options.

    How can you pluck figures from nowhere without knowing the deal?

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
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    Forget the rental guarantee and find another agent. Lower your rent to get some income out of the properties. Also, your properties are not the only ones not growing around Australia. You can’t blame anyone for this.

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    Post Count: 2,493

    We need the breakdown of security types, what their values are, what the zonings are, property sizes, use of properties, etc…

    Being a mortgage broker is not that easy.

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
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    Originally posted by obiwan:

    Same with someone being raped, assaulted, someone elses car being stolen. No obligation to put your wellbeing at risk, but you do have an obligation to get help. To walk away is a serious deriliction of moral responsibilty.

    If you encounter someone with a serious mental illness who maybe a risk to themselves or others then you should ring the mental health service for advice.

    And THAT is the problem with society today as I see it. No-one wants to get involved anymore be it out of fear, lazyness or whatever. If people got involved, a lot less terrible things would happen in the world.

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    Post Count: 2,493

    Kiwi, I had ‘fush’ and ‘chups’ tonight. I thought of you while I enjoyed every bite! :)

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    Post Count: 2,493

    Kiwi,

    About Baycorp, my point was that YOU, the vendor, can not list the wrapee.

    A quick question for Wessy, why would you use a P&I loan on your investment property?

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493

    My point is that if it was returning less than what you are paying it would be deductible.

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
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    The Government is building a heap of housing out west and the locals are whinging about it. I think the biggest issue is finding locations that do not cause too much uproar (like the building on the sydney harbour waterfront). Placing too many government homes together also creates heaps of ongoing problems.

    It is a difficult situation.

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    Don’t get me wrong John…

    I plan to have children as well – IN THE DISTANT FUTURE.

    I will not be seeking hand-outs though as it will be my own choice and I intend to pay my own way. I believe it is financially irresponsible to have children if you can not support them yourself.

    The Government can change things at any time. What happens if all welfare is stopped immediately? We will become a third-world country.

    What concerns me the most is that I see people purchasing property while they receive welfare payments or the dole. There is something wrong here when I have to work very hard to buy my properties.

    Out society has it’s issues.

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493

    Can you put your website in your signature so I can follow the list?

    Thanks

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
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    @robbie-b
    Join Date: 2004
    Post Count: 2,493

    My point is simply that we are not all designed to breed. I believe enough is given to parents as is and this should not be increased – excluding education. I believe education should be free to all who cannot afford it and this would require increased spending.

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
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    Post Count: 2,493

    I hope it works out for everyone. Good luck.

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
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    Post Count: 2,493

    I am amazed that they decided to proceed with the Eureka Tower. It is the tallest residential building in the world – 88 levels. I think they chose 88 to attract Chinese investors as 88 is a very lucky number for them. It is supposedly viewed as a small city within itself. I wonder what the strata fees will be like.

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

Viewing 20 posts - 2,141 through 2,160 (of 2,435 total)