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You don’t have to fix anything. It is a negotiating point for the buyer if they have to fix it. If it come down to a couple of thousand dollars for repairs, just take it off the sale price of the home and they can fix it themselves. You are not selling a brand new home are you???
The Mortgage Adviser
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Essential LinksYou are being totally irrational.
A company costs a few hundred dollars to set up which makes the actual company pretty worthless. It is the trade and assets of the company that has value.
If you had two years full tax returns, the company could buy the vehicle without requiring your personal details. As you don’t have this, of course they will require your personal details.
As for your reason to buy from the US, you do realise that it is far more expensive after the exchange rate and import taxes don’t you? Also, you are not supporting Aussie jobs which means less people with enough money to buy your products.
Wait for your two years to be up and do your taxes and you should not have much trouble.
The Mortgage Adviser
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Essential LinksThe mongrel mob will help people out for a case of beer. The same applies in Aus with some of the bikey groups.
The Mortgage Adviser
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Essential LinksWhich bit Dazz?
The Mortgage Adviser
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Essential LinksDazz, are you suggesting 86% – 90% LVR on a SINGLE STAND ALONE commercial security is not difficult to obtain?
The Mortgage Adviser
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Essential LinksOriginally posted by upandcoming:I didnt think you had too many brains but now I am certain.
I am not the one who went bankrupt mate. I must have a few more brain cells than you.
If you had read what I wrote you would understand.I did read what you said and totally understand. You are tryin to palm some blame off onto the banks for lending you money and now you are angry at them for not lending you money.
You are so far up the banks it is a joke.They had a responsibility not to keep lending and while I said I blame myself which I do, I also blame the banks who are entitled to take some responsibility.I am not up the banks at all. I just know how to deal with them to achieve desired results. Regarding their ‘responsibility’, I believe that at the time you borrowed money, you were in a position to pay. Are they now responsible for economic condition changes or you poorly running a business or losing your job? The only one to blame is you. Like I said, you didn’t have to accept any offers of finance or even apply for additional finance. No-one held a gun to your head. If you want sympathy, I think you should talk to one of the current affairs shows.
As I also said,I am not desperate for finance off anyone but they are too stupid to realize that people change and circumstances change.If you are not desperate, why are you going on and on about it? Get over it! It is not about them being stupid, they just don’t want to lend to you because of your history. It is their policy so they don’t lose more money on you.
I am buying my first property(first since bankruptcy) soon for cash.Good for you. I want to be the first to congratulate you for turning things around. I am sure you won’t be giving any of the credit to anyone else for your success so don’t try and give the responsibility of your past failures to others. We are responsible for our own situations.
However I am not a fool.When the bank manager now goes out of his way to speak to me and make a lighthearted joke with me and the loans officer does the same I am fairly certain that the reason for their change towards me is not because I am a good looking bloke but because my bank account is starting to explode.
They can keep their cash as I will never do business with a bank.I will pay cash or go without.It seems you are doing business with the banks or they would not know your account balances. By the way, I never called you a fool but am now starting to wonder after you post.
You though need to wake up and rethink your attitudes.Is there something wrong with my belief that there is nothing wrong with the banks or that a person is responsible for their own actions? I don’t see the problem.
The Mortgage Adviser
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Essential LinksYes Herb. As long as you do not move into one of your own premises and keep renting. The 6 year exemption will continue to apply on your old PPOR.
The Mortgage Adviser
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Essential LinksUsually all fees are seperated by title. You can negotiate a better deal though.
The Mortgage Adviser
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Essential LinksSorry I am not Terry but the CGT thing is in reference to getting a 6 year Capital Gains Tax exmption on your PPOR if you do not buy another one and move into it – ie: you rent during this time.
The Mortgage Adviser
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Essential LinksIt is not a particular question but just to know in general. I was asked this type of scenario a few days ago and was interested to know for myself. Don’t go out of your way for it.
The Mortgage Adviser
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Essential LinksI don’t think many of the lenders will have a major problem with this if you can service the loan from them and the loan from the vendor. You would have to stay out of mortgage insurance territory in most cases though if you did not put any money in as they have a genuine savings requirement. This means borrow 80% or less from a lender.
As for the calculations and repayments, this is also agreed between the two parties. If you ask them to leave 20k in the deal, they may ask for repayments at 10% per annum which, if you agreed to that rate, would have to pay at the agreed intervals.
The Mortgage Adviser
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Essential LinksJust check the interest is being calculated properly. A Principal and Interest repayment is a little harder to calculate than Interest Only but it is really all you have to check. If other fees or charges appear, you can check those as they arise.
There are some calculators at the link below that might help and they are FREE to use…
http://www.mortgagepackaging.com.au/tma/index_files/tools_and_calculators.htm
The Mortgage Adviser
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Essential LinksOk. No problem, I am familiar with the better deals for blue chip tenants.
I was asking about a retail shop type investment with a hairdresser on a 3 X 3 year lease in a suburban strip mall.
Would the lower rates still apply or is 8% and 70% LVR good in this type of situation?
I know I can get cheaper with wholesale funding but I am just looking at retail funding.
By the way, I am not a full time broker anymore (or at all).
The Mortgage Adviser
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Essential LinksYu would probably get a decent rate for the first 70% or so and then a huge rate for the remainder. This will most often be second mortgage or caveat finance territory which can get pretty scary. I guess, when averaged over all borrowings, the overall interest rate would only be slightly frightening.
The Mortgage Adviser
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Essential LinksDazz, it is actually a product you are taking. The money comes from any institution and will be the same. What makes it the best source of that money is the product they offer you… ie: interest rate, features, service, etc.
I don’t think I ever suggested that ‘people’ don’t shop referring to any kind of majority but rather stated that I have had ‘many’ clients who clearly do not shop around because they believe they are getting the best deal.
If you have shopped arounds and are content with your ‘product’, I am very happy for you. I was just asking for the lender and interest rate to see if some of us could better or match the ‘product’. No big deal if you decline to provide that information.
The Mortgage Adviser
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Essential LinksSee, I did not lose anything. As for why I did not post about the bet in the other thread, I just didn’t think about it in those messages. It was not an attempt to hide anything as I wrote it here so there is nothing sinister about it.
Simon, I am not upset. You know me and you know that I would have been laughing my ass off about the whole thing.
See, as for your comment about it not being the content but the delivery, read the rules mate. There is nothing about delivering a post in a particular way. You seem to think that I am responsible for how people interpret my words on a screen. Remember, it was nly 3 or 4 people that got upset and all but one of those were the same people as one year ago.
Anyway, enough on this topic… moving right along!
The Mortgage Adviser
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Essential LinksSo, will you tell us who it is? One of the cheapest Commercial rates around that I know of in retail lending is mid 7’s and that is fully documented. How do you get low 7’s for low doc? I am stunned!
The Mortgage Adviser
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Essential LinksLeo, I am actually working on a very long project on the computers so I do not have much of a social life at the moment.
Just to address some of your other comments…
If you think people cop it hard here, wait until you step over the line at Somersoft. It is ridiculous.
As for wraps, I am not a fan of them and have no problem here when I speak about them adversely.
As for worshipping the host, I think Steve will be the first to tell you that if he ever experiences a break down, it would be my fault. I am always ball-busting Steve for one reason or another but I keep that in email. I certainly do not worship Steve or anyone else for that matter.
Have you actually read my posts? I ask probing questions all the time. So do many others and they are all still here. Try it at Somersoft and watch what happens.
By the way, the cult or pack that you talk of consists of posters who regularly attend Somersoft. I personally think they have an alterior motive for doing this sort of thing and I always hoped they would just stay at Somersoft.
As for newbies copping it, you will never hear it from me unless I think it is someone coming in with a ghost name that I have had a disagreement with just to cause trouble. This happens a lot. An IP trace usually quickly reveals who they are.
So why are you defending Somersoft if you are a ‘non-poster’ over there as well? What has made you feel that you can’t post there?
As for Somersoft being ahead on knowledge, experience, honesty, transparency, cleanliness and maturity, I think you are way off the mark here.
And finally, what is dishonest about the host of this forum selling things? It is his site, he pays for it, the maintenance of it, the content for it, any improvements to it and whatever else. It is like saying that walking into a store you would find it offensive if a price tag was on a packet of chips and you only wanted a can of drink. I would market a lot more and much more visibly if this was my site.
The Mortgage Adviser
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Essential LinksSee, interesting post. I am happy to discuss any topic that does not involve personal attack. Also, if in doubt as to my intention, I would prefer being asked.
The jist of your post here appears to me to be telling me to conform or be banished. Feel free to confirm or deny this. What sort of advice, information, dialogue, debate, discussion would you get if everyone acted the same?
Let me answer that for you… you would get Somersoft.
You didn’t miss much. It is the usual cover up so the mods can say what they like about what happened. Basically it was the mods having a dig and me not backing down to their demands. I never directed any personal attacks at anyone nor did I use offensive language. It was all about ‘how I said things’ which I find quite funny seeing these are words on a screen written withut emotion. It is not my fault people at somersoft feel inferior after reading some words on a screen.
As for respect for somersoft regulars, I don’t have much at all for most of the heavy posters . There are only a small handful that I consider to be worth something. Certainly, most of the power-tripping mods do not fall into that category.
I was not looking for anything other than a place to discuss something I am passionate about… finance and investment. I have no problem whatsoever with what people say to me as I am content being allowed to respond. The only time a problem arises is when I am prevented from answering in a similar manner which occurs in all forums.
I didn’t ask anyone to change nor did I break any rules. The way someone interprets my typing is not covered in the rules. They are way too senstive!!! Some regulars here are also sensitive but I blame that on them also frequenting the somersoft forums.
See, you will never understand the situation unless you were around about a year ago. It is an ongoing thing.
I am glad that people have told you I am nice in real life. It is just a damn shame that they will never step up to the plate in the forums out of fear of getting the boot. What sort of crappy place is that when people are afraid to post???
Your comments imply that I showed no respect to all the members over there. My comments were in response to a lack of respect shown to me and were only to three or four individuals who I do not respect at all.
I rejoined as a bet. Another member wanted to know if I would get the boot within a week again without swearing or directly abusing anyone after some comments I made here. I thought I was a certainty to win. I lost as it took a few days too many.
The rules were that I was supposed to post in my usual tell it how I see it way and only respond adversely when someone else wrote adversely to me. I complied fully with this and the result was being banned. It is like reading a book over there – same old crap!
I am not sensitive about anything. It is the ‘way you said it’ comments that I wanted to avoid responding to as I probably would have been banned from this forum – AGAIN!!!
I guess people forget that when you help a hell of a lot more people than those who you clash with, it is those who scream the loudest that will be heard. Those I clash with are the biggest sooks and are always heard and I don’t think you will ever hear anyone say that I do not bend over backwards to help people I don’t even know. I guess this is not important to those at somersoft if you do not suck up to the mods and conform to their way of thinking.
By the way, did the Swannie win???
The Mortgage Adviser
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Essential LinksLeo, I was T.M.A. with the same signature over there.
A lot of the information provided at Somersoft is incorrect or incomplete and when someone tries to correct it, they are silenced very quickly.
This time it was because I outlined that you could gear 100% on shares through managed funds and argued that real estate agents should get a flat commission. The pack attacked and I responded. I get the boot and the pack gets their excitement for this week.
The Somersoft regulars are the biggest bunch of over sensitive internet sooks I have ever come across and I take great pleasure in tormenting them. The mods over there are just ridiculous (excluding one or two which I respect greatly). It is a classic example of small man syndrome enforcing what they believe to be some sort of ‘power’.
What they are not aware of at Somersoft is that I have never ceased being a member there. I use multiple ISPs, IP Addresses and Usernames all over the net and they will never find them all. It is quite funny watching them think they are smarter than everyone else.
If you think they are miles ahead for shutting down any strong and decent challenge to their comments, then I feel concerned. Most of the members there are also members here. They seem to feel threatened as they are forever referring to comments from this site.
In any case, I will let them know my other names at one of their meetings that I have been invited to (under a different name) in the past should I ever decide to attend one in the future.
The Mortgage Adviser
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Essential Links
