I must say that they would be returning a lot of money. My loan is spot on every month. It is difficult to get it wrong when it is interest only and a set repayment through direct debit.

Mark, I am sure any mortgag broker would be happy to check for you. There are not many errors they can make.

The Mortgage Adviser

Actually, it is ‘et ors’. I prefer using this from my French heritage. It means the same thing – ‘and others’ (not dictionary meaning and probably spelt wrong).

Is it ok for me to use French?

I also believe it is commonly used in legal jargon to refer to the same thing. Probably from Latin.

The Mortgage Adviser

I think the biggest problem with most seminar presenters is that they will not outline the content sufficiently until after they have been paid. What is the point of attending a seminar if you already now what they will teach you.

I know when picking a course, I look closely at the course outline, subject descriptions and qualification that results. Even then, I still ask questions to the course administrators.

The Mortgage Adviser

Luke, I don’t think you really want to leave that post up. Buying off the plan is considered in a very low regard.

The Mortgage Adviser

It is pretty common place. In one of my retail premises, I am responsible for everything except the floors, walls and ceilings.

In another my family has, the landlord maintains the property but charges much higher rent.

I was referring to as a tenant if it was a bad area.

Just check the current leases to see who is responsible and if the tenants are long term and seem happy, it sounds like a great deal.

Good luck with it.

The Mortgage Adviser

Unless you are an active mortgage broker, there is no point purchasing loan comparison software. It is expensive and requires ongoing charges to maintain the updates as things change daily.

What is it you want to do as there may be other alternatives??? – eg: use a broker!

The Mortgage Adviser

A template is not needed. Not many people have enough properties to require it. There is usually space for three or four properties on any application and most people don’t usually refinance more than this in one hit.

The Mortgage Adviser

The only benefit would be to have early access to properties coming on the market. This might result in conflict of interest issues arising if full disclosure is not forthcoming.

The Mortgage Adviser

One thing that quickly comes to mind is if the area is as bad as you say, what business owners are going to rent your premises? There may be a negative return on this deal.

As for who pays for damage, this is negotiated between the owner and the tenant. In such an area, I would not touch the property unless the owner was to pay AND put bars on the windows, alarms in the premises and possibly surveillance cameras around the site.

Good luck with it.

The Mortgage Adviser

Don, it seems that you do your own loans from many of your posts. If you used a good broker, they would tell you that putting money into your non-deductible loan and then drawing it out later for investments when you still have non-deductible debt mixes up your deductible and non-deductible debt. This will potentially cause you headaches at tax time especially if you incorrectly calculate what portion is deductible and which isn’t. It gets worse if you get audited and get found out.

It is said that the ATO will consider payments into a mixed loan like this as spreading equally across all portions. That means you would be considered to be making principal and interest payments on your deductible debt and taking longer to repay your non-deductible debt.

I didn’t suggest leaving the money in the offset and drawing down a seperate loan from the available equity to use for investment without good reason.

The Mortgage Adviser