Forum Replies Created
I would think a Commercial zoning would provide you with a lot more opportunities regarding tenants and/or future development.
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]Originally posted by Michael4:don’t bet on mortgage advisor to find the wealth for you. You greatest asset is the information in your head and the age of your information.
[biggrin]
HEY!!!
I do very well for my clients thank you very much!!!
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]Many will also go on greater than 6 months between contract date and settlement date at the standard rates. Don’t forget advantageous purchases where this is also common.
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]Originally posted by goingup:To Dimiche and MortgageAdviser,
im just a newbie and im a young one at that but even i can see that your both being pretty immature. Neither of you are posting information that is paticularly helpful or interesting. All your doing is arguing fo its own sake. Get over it already.
Hi goingup,
Thanks for your “helpful” and “interesting” post. I guess that letting off some steam every now and then is not permitted in your eyes.
I will make a deal with you… When you start ‘PAYING’ me, I will be happy to restrict my posts to “helpful” and “interesting”. Until that time, I will post good stuff when I feel in the mood and let off some steam and argue with dmichie when that tickles my fancy. Is that ok with you?
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]I just wish those supporting this ‘strategy’ actually took the time to ANSWER the many questions put to them regarding this. They seem to ignore the questions they cannot answer.
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]I probably should not say this here, but do you think the property market in Queensland is the best to get into right now if you have cashflow issues?
Have you thought of investing in something like a Property Trust returning about 10% per annum which should cover your interest rate on any loan to fund the investment and still provide you with additional funds?
I would still be looking for a financial planner to look at various options. Sorry Dazzling.
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]Personally, I am waiting to hear whether the property was bought under the guise of ‘advantageous’ purchase. If it was, there is no need to get creative as the solution is simple. What is the point in guessing when hardly any information has been provided?
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]I have never seen it written by those in the industry any other way than LVR and LTV. As it is ‘Loan to Valuation’ and presented as a ‘Ratio’, I believe LVR is the only correct term.
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]Hey freedom, you are working your 80% out on your ‘actual’ equity whereas Steve is showing you your ‘useable’ equity. Lenders work on ‘useable’ which is pegged to the property value itself, not the difference between property value and amount owing.
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]Adding to what Simon said, you might not even need a Low Doc loan or you might need a No Doc or Non-Conforming loan instead. Every situation is different.
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]Thanks for the info Richard. I may need it sooner than later.
I am a bit concerned that publicly airing my opinions regarding companies and individuals who I consider shonky will result in various problems for me. These include, but a not limited to:
1. Legal action, which does not concern me except for the time wasted beating them.
2. Being considered a rude obnoxious %$#@& for telling things how I see it.
3. Being called another Jenman for ‘exposing’ shonks.I think I have said enough to discredit The Investors Club for now and warn people off which was clearly a response to comments directed at me by an ‘unnamed’ support member. I am content just waiting until someone who works with that shonky organisation tries to dispute any of my comments before I add more fuel to the fire.
From what I have been told in the background, I should be expecting a subpoena any day now. I will let you know.
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]That seems to be how many of the standard real estate agents operate who sell off-the-plan properties. Like I said initially, ‘The Investors Club’ just registered a catchy name and combined it with clever marketing to the less experienced investors.
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]You can email any of the brokers here who would be very helpful or you could email me on the details below. I do not process loans however I do give referrals if you need someone to help you more than the informaiton I provide in the emails.
Have a great day.
Please note, I will be away for the night so my response will not arrive until tomorrow night.
The Mortgage Adviserhttp://www.themortgageadviser.com.au
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PS: I would be interested in attending a Sydney group as well but most people are too scared to invite me… Maybe they just don’t like me!!!
Anyway, there is one organised through this forum but it is ‘controlled’ by a highly strung share trader who prevents those who disagree with him from attending. I don’t know the value of such a group but they seem content with it. Each to their own.
The Mortgage Adviserhttp://www.themortgageadviser.com.au
Essential Links Website NEW LINKS & NEW FORMAT
Legals – Around $500 – $1,000 for a conveyancer… $800 plus for a solicitor. More than $1,500 is a rip off on standard property
Mortgage Registration – Less than $100 in all States and paid to the State Revenue Office. The lender will take care of it out of settlement funds when they register the mortgage on your property.
Building Inspection – Between $500 and %1,000 for a decent one. Make sure you order building AND PEST inspection to cover yourself. No need to do this with Strate units as your solicitor would inspect the history held with the Strata.
The Mortgage Adviserhttp://www.themortgageadviser.com.au
Essential Links Website NEW LINKS & NEW FORMAT
A few reasons why I would never touch Tassie include the decreasing population, lack of employment and the weather. If these are negative at commencement of doing your due diligence, there is no point looking further.
Young people want to get out because it is boring and older people move North because it is too cold. Large companies do not set up headquarters in Tassie as it is economically unviable so it is lacking in jobs.
Does anyone have anything positive to say about Tassie which would make people want to live there for more than the short-term?
The Mortgage Adviserhttp://www.themortgageadviser.com.au
Essential Links Website NEW LINKS & NEW FORMAT
Originally posted by vicgirl:…if living off the equity means I have to sell after 10-15 years, I’ll still have some cash in the bank,
If you need to live off equity, you would not have any cash in the bank and if you are forced to sell because you run out of equity, you would have very little cash left after the sale.
The Mortgage Adviserhttp://www.themortgageadviser.com.au
Essential Links Website NEW LINKS & NEW FORMAT
You should diversify your portfolio in case your area becomes unfavourable.
This can be done through buying in different areas, countries or different property classes (eg: some commercial).
The Mortgage Adviserhttp://www.themortgageadviser.com.au
Essential Links Website NEW LINKS & NEW FORMAT
You must have missed my other posts.
I am no longer a mortgage ‘broker’. I have decided to only advise people as to their structuring, product selection and interest rates. I do this for free here and other forums and enjoy it so I decided to set up my own website for others needing my assistance or for those who just want second opinions. This also includes a service for brokers who get stuck.
Obviously I can’t help everyone but I have a great team of people behind me who help out if there is something I don’t know so the service is pretty good. This is from the feedback I have received so far.
So you are right, it is a hobby. I will be making a decision in the next week as to where I will be actually ‘working’ to earn my main income (still in finance). I got sick of being self-employed so I have been looking for the last few weeks (being very fussy). This is why I have been spending a lot of time in the forums lately. Most of my time has been on the computer preparing the websites and I keep the forums open while I am working on them.
I truly have no vested interest (that I know of) in whether the Sydney market goes up or down.
The Mortgage Adviserhttp://www.themortgageadviser.com.au
Oh, the links!!!
You mean my ‘FREE services’ helping people with their loan structuring. I never ask anyone to pay me anything or to buy anything. I make some money through people visiting my website and some other money if someone asks me for a referral which is paid by the broker I refer to (fully disclosed of course).
How does this relate to me being a positive person or having a vested interest in the property market?
My advice addresses finance structure and general information only. It does not extend to whether or not someone should buy or sell property or the State of the economy.
Do you have anything else?
The Mortgage Adviserhttp://www.themortgageadviser.com.au
