Forum Replies Created
There are heaps of places to get free info…
http://www.mortgagepackaging.com.au/index_files/hot_links.htm
Contacting Councils or their websites is also a great benefit.
Robert Bou-Hamdan
Mortgage AdviserI have done no work with the forum and the chat room though. I think this would have been a greater benefit if I concentrated my efforts there but it is too late now.
The most popular page is the links page at http://www.mortgagepackaging.com.au/index_files/hot_links.htm. It gets bombarded.
Also popular is the tools & calculators page with heaps of stuff being accessed or downloaded at http://www.mortgagepackaging.com.au/index_files/tools_calculators.htm.
Finally, the product descriptions also get a load of hits at http://www.mortgagepackaging.com.au/index_files/product_types.htm.
Most of this stuff will be moving to my adviser site when it becomes operational in the next few weeks.
What I do not understand is your Jenman style tactics in this forum. It will only work against you in my opinion.
Robert Bou-Hamdan
Mortgage AdviserIt looks like the new Jenman website is up and running. I have been told that these guys are interested in any adverse stories about Jenman.
Robert Bou-Hamdan
Mortgage AdviserHey, there is a company starting a website very soon with the sole purpose of discrediting Neil Jenman. They have gone to court a few times and won against the loony.
I will let you know when it is live.
I am not affiliated with the website or the company in any way.
Robert Bou-Hamdan
Mortgage AdviserWhich bank is it?
Most can re-issue documents in a day with corrections and it is a simple matter of going in to their office and signing them to save on postage days wasted.
There should be no serviceability restraints as the wife is not working.
Regardig the tax question, I am not certain of this regarding the loan side but the property expenses will be all yours.
Robert Bou-Hamdan
Mortgage AdviserMy ex-girlfriend came from Campbelltown from a family living in Housing Commissions so I got to know the area pretty well. Some of the things I saw were pretty dis-heartening.
Having said that, take a drive through the South Coogee or South Maroubra / Malabar Housing Commission areas and it is the same thing. Did you know that South Coogee had some of the most expensive houses in the Eastern Suburbs and some of the worst Housing Commission problems?
Every area has its problems. I just like to stir Campbelltown locals!!!
Hey, is there still an over-population problem out there??? I hear the baby bonus saw a spike in teen pregnancies! hehehehe
Robert Bou-Hamdan
Mortgage AdviserYes it does but I am in the process of winding it down.
Why do you ask?
Robert Bou-Hamdan
Mortgage AdviserOriginally posted by resiwealth:resiwealth.com … coming soon
I just noticed this little inclusion in your signature Phil. It certainly explains a lot about why you started this thread.
Is this an attempt at diminishing this website to try and get traffic to your website?
I think Steve started something here that is the most invaluable tool for all investors regardless of their skill level. There are not many places where you can go and get so many different pieces of advice from people of varying backgrounds and skill levels.
I dread to think what would happen to a ‘newbie’ if they posted a question you considered silly or of poor quality on your site when it comes out.
I will wait patiently until your website comes out to judge this for myself.
I also challenge this comment about Resiwealth…
“Australia’s No. 1 residential wealth coaching companyâ€
Robert Bou-Hamdan
Mortgage AdviserNo. It is not which property funds are secured by that make them deductible. It comes down to the purpose of the funds. If it is used for investment, it is deductible, if not, no deductions.
Robert Bou-Hamdan
Mortgage AdviserHi Neo,
The taxi ID issue is not common to other areas. I think it is a good indication that when taxi drivers won’t take passengers (and they always whinge they don’t make enough money), it is a big problem.
I agree that the bad rep is slowly turning around but it is still pretty bad. The reducing crime rate is a good thing but going from, as an example, 5,000 break and enters to 4,000 break and enters does not compare to an area with 1,000 break and enter. Maybe in about 10-15 more years it will be one of the better suburbs.
As for your North Shore comment, they are pussies! I am an Eastern Suburb Yuppie. Anything past Anzac Parade is calssified as ‘Westie’ to me!
Robert Bou-Hamdan
Mortgage AdviserThere is no “secret”. It is all about education and research and finding the right answers. Paying someone a large sum of money for the “secret” is just a waste of money. You will be better served paying someone to be ‘educated’.
Robert Bou-Hamdan
Mortgage AdviserBig Phil,
Welcome back. I guess your business will not do very well if you consider people “stupid” who do not do their own research. Isn’t the whole Resiwealth concept about information and education?
I found this little bit of self promo very interesting…
_____________________________
“Residential Wealth Pty Ltd is the brainchild of Mr Philip Sigglekow. Philip has been specialising in the Property and Finance industries since 1986.
Philip started out as an electrician and realised early on that to be successful he had to make changes in his life. Philip studied what successful people did, changed his career path and worked along side some of Australia’s best entrepreneurs including Keith Williams who built and owned Hamilton Island. In 1988 Philip was a key player in the company who planned and sold what is today Laguna Quays Resort in the Whitsundays, a $600 million dollar resort facility, four times bigger than Sanctuary Cove, in its total conceptual plan.
Since then he has been a Director of several companies including Financial Planning, Real Estate, Finance Mortgages and Property Marketing, a far cry from the days as an electrician. He invested large sums of money in his education to learn from the best in the world the techniques and strategies of success, which he has applied to his own life. Philip has bought and sold hundreds of properties and developed a love of teaching and training others how they can do the same but in a shorter time than he. Who better can teach than a person who has done the hard yards. This knowledge and experience has positioned him as a key National speaker who is sought to teach his secrets of success.
Philip believes that to be rich you do not have to work harder because that is not what the rich do. The key to success is knowledge and how you do certain things in a certain way to attract success.
Australians have a love of property and it is no secret that over 80% of the wealthiest Australians got there through property investing and developing. Many people say that your home is not an ASSET but Philip believes, your home can make you RICH if geared correctly. Property doesn’t care who owns it and with the uncertainty in the stock market bricks and mortar is still your safest Asset.
For many Australians the purchase of their first home or investment property can be a very tense and frightening experience as well as expensive. Residential Wealth prides itself in providing the answers and assisting their clients in making the correct decisions through their “Property Due Diligence Program & Secure Financial Packaging Strategies.
Residential real estate affects all of us in every age group as we all live and rely in the security of what we call a home. In fact it is so important that our whole economy relies on the building industry as a form of financial measurement.
Throughout our lives we are raised in the family home when we leave home, we aspire to the great Australian dream of owning our own home and that is where the journey begins.
Young people today appear to experience great difficulty in saving enough money for a deposit and more and more feel that the price of housing has risen to such an extent that the dream of owning their own home is out of reach. The government is working on ideas to make it easier for our young generation to get their first home with such ideas as equity investing, however the question is who really owns the property?
The baby boomer population (born between 1946 – 1965) will be starting to retire around the year 2010 (5 million people or 25% of the population) and this will put a great deal of pressure on the economy as the government doesn’t know how to fund future retirees. We are seeing indications now that governments will need to increase the superannuation levy and decrease the pension payouts, for this reason. Don’t live in denial, even today (March 2004) the Labour and Liberal governments are looking at ways to keep older Australians in the workforce longer, why is this? Quite simply “There Is Not Enough Money To Support Themâ€.
Many major Australian Blue Chip companies (Ansett – AMP – FAI – HIH – One Tel etc) have either collapsed or are in financial turmoil, thus making it a hard decision on who to trust and in which companies to invest your hard earned savings.
Australians trust and know the value of investing in bricks and mortar (Property) and are growing tired of corporate CEO’s losing their shareholders funds through bad management practices, and ridiculous high incomes.
Residential Wealth knows and understands the importance of making the correct investment decisions as we too have experienced what happens when people make the wrong decisions.
Philip has developed and produced a complete strategy of the “Science of change to attract success†to take people from average to outstanding.
Some of the richest Australians have come from very humble beginnings, imagine what you could achieve with the knowledge and how happy you will be with a clearer direction.
Quite simply the secret to your personal success is knowledge, the more you have the easier it is to make a decision Just think for a minute about all the decisions you make in your life no matter how big or small they are, isn’t it true that the more information you have the less opportunity of you making a mistake.
The resiwealth program is ‘free’ to members of this site. Over 1,000 pages of information other companies have charged from $1,000 – $15,000 is yours free as a member to this site (refer to main menu).”
_____________________________The bit that really caught my eye was this…
“Philip has bought and sold hundreds of properties and developed a love of teaching and training others how they can do the same but in a shorter time than he. Who better can teach than a person who has done the hard yards. This knowledge and experience has positioned him as a key National speaker who is sought to teach his secrets of success.”
If you have a love of teaching and training others, I am the Pope!
Now for me to teach you something… if you intend to create a business based on educating others, don’t criticise the students!
Robert Bou-Hamdan
Mortgage AdviserI saw an interesting example of how zoning did not help a delevoper a few years ago. They were interested in a particular site and submitted their plans within zoning guidelines. Many complaints came in from surrounding residents but one particular complaint saw the development become economically unviable. It involved the casting of shadows across adjoining properties. The Council requested the developers change the development to avoid this shadow problem. They scrapped the plan.
Another one was down South many years ago when an area was zoned 2B residential. Greenpeace spotted some endangered wildflowers growing in the area (where no-one currently lives or visits) and any development was stopped. That was 15 years ago and those who bought (including myself) have been sitting on pieces of land worth nothing for ever.
Robert Bou-Hamdan
Mortgage AdviserCome on mate!!! Things are very different now. It is a global economy. I strongly believe Australia’s debt levels are easily sustainable.
What do you think would happen if the dollar did drop to levels you were content with? Don’t you agree the CAD would blow out?
I guess it does not matter as long as the exporters are content!
The economy involves much more than one sector and economic decisions should not be based on any one of those including exporters or property prices.
Robert Bou-Hamdan
Mortgage AdviserHaving outed the lender Stu, do you agree that HSBC are easier to achieve better results with when applications are submitted through a mortgage adviser?
I certainly find this to be the case with many of the larger lenders.
Robert Bou-Hamdan
Mortgage AdviserHI ACT,
The ACT requires registration of mortgage brokers to write loans for residents. As a result of this expense, not many Interstate brokers register. However, as Simon has pointed out, most of us have colleagues there that we refer to. I believe Simon and I both refer to the same guy – Jason.
As I don’t have his details handy, I hope Simon would be kind enough to forward you those details.
He is a very knowledgeable and efficient broker and a great guy.
Let us know how you get along.
Robert Bou-Hamdan
Mortgage AdviserThey are certainly not common in Australia at the retail level.
Robert Bou-Hamdan
Mortgage AdviserI don’t think banks are as bad as everyone seems to think these days. I think they are often misunderstood but this should turn around in the near future.
As many people here know, I have been interviewing for various positions in the finance industry in recent weeks including banks. I was impressed to find out that one particular bank was hiring a whole lot of people to be trained as branch managers with the predominant skill requirements being customer service and empathetic staff management. This should see some excellent changes at the branch level and make managers more approachable.
I was also informed other banks were doing similar things.
Robert Bou-Hamdan
Mortgage AdviserThe funny thing is that investing is supposed to be treated like a business to be successful. There should be no personal decisions involved. I see no economic benefit of P&I loans on investment properties.
Robert Bou-Hamdan
Mortgage AdviserIt can only become binding if the contract of sale is signed.
Robert Bou-Hamdan
Mortgage Adviser