Try an interest free loan. There is no LMI and refinances are easy if you have good 12 month history and it is an investment property or you have good serviceability.

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[withstupid]
The forumite formally known as Big Rob

It wasn’t a mohawk – more like a bird’s nest. The identity crisis thing I could probably relate to. Thy described me as “NUTS” at one point in Court. I couldn’t possibly see where they would get such an idea…[baaa]

The actual accident was on 27 March 1994. I got wiped out at a major intersection in Bondi Junction / Woollahra in Sydney. The idiot that hit me came through a red light being chased by police (no headlights and no sirens on the police car) as I was turning right. I got that information and the following from police statements and witness reports as I don’t remember a thing about it all…

Anyway, they were doing 130 km/h and T-boned me clean in the passenger door. My head smashed the passenger window and bounced arround for a while causing all sorts of problems. I had a seat belt on in the driver seat. I was also in a pretty wide ute to give you some idea of the impact.

Anyway, when the car lifted off the ground and spun around a few times like a helicopter (didn’t roll) and the car ploughed into a steel light pole, I hit the old head again. This might explain me being such a nutter!

I was out for about 27 minutes and everyone thought I was dead. When I woke up, they were trying to cut the car open (jaws of life) and all these people were working on me to try and bring me back. The car was in pieces and I was stuck in the cabin. The car that hit me was an old Ford Panel Van built like a tank. I was in a Holden Rodeo Ute.

Injuries included head split open (from going through passenger window), lower left side of my back split open (from steel seat belt buckle), left leg ripped apart (from gearstick, stereo and console etc in the ute), right knee absolutely demolished internally (from steel steering column) and mega whiplash (obviously). I will not go through the psychological damage etc that was clear for a year or two aftwerwards.

I get to Court years later and the Judge thought my haircut and appearance was more important. Four knee operations later and the fact that I made no claim for any other injury excluding my knee and he still was not satisfied. I should of hit them up for my back injury and psychological damage. I can tell you now, my knee has recovered but my back never did!

That is why I won on Appeal. It was obvious I had serious injury and was not rorting the system in any way. They did not even show one video tape even though I was followed around for a long time and the guy was sitting outside the court room just in case they caught me on a lie. I caught the guy twice and sent him a coffee while he was filming me. We had a good old chat outside the court room.

Anyway, it was all sorted out in the end more or less.

Persistence is the key!!!

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[withstupid]
The forumite formally known as Big Rob

I do but it will cost you a thousand dollars a photo just to have a look. I also have the TV story. It was main story on that much loved and quality current affairs show Today Tonight. I will never show that tape!!!!

You might get lucky and find them yourself as there were three large photos in the Daily Telegraph on two separate occasions at the time. At least the media spelt my name correctly (most of the time) – Robert Bou-Hamdan

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[withstupid]
The forumite formally known as Big Rob

It was not a long-haired mullet.

I look back now and think what an idiot I must have looked like though! It was more a birds nest with very short back and sides.

hehehehe

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The forumite formally known as The Mortgage Adviser

100% finance on one property will have an interest expense comparable to my 100% gearing on the shares in a very diversified portfolio. I probably should have told you that I can also gear up to $500,000 without any proof of income (higher than this, I need to state an income) at 100% with the shares but there is NO WAY you can do this on property. Also, there is a capital guarantee so I will never have to pay back the cost of the shares. The only risk is that I have to pay the ongoing interest (deductible) which I do not consider expensive after tax.

I am not advising anyone do this by any stetch of the imagination unless they can afford the repayments of the interest at the full amount. However, it can be done and is common.

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The poster formally known as The Mortgage Adviser

Will definately do. I was impressed by what the Council plans are for the area. Regarding the ‘crime’, it will drop off as the housing commission areas get dispersed.

Forgetting the fact that Geraldton is a city, it is a great seaside place that will become desireable and fashionable over the medium to long term.

I am trying to find something with water views (that cannot be built out) and a northerly aspect. Let me know if you come across anything worthwhile (unless you buy it!).

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The poster formally known as The Mortgage Adviser

When I grow up, I want to be a Storm Trooper!

GERALDTON GERALDTON GERALDTON

I love the place!!!

I will have to visit one day.

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The poster formally known as The Mortgage Adviser

When I grow up, I want to be a Storm Trooper!

Sorry property, I do not understand what you are getting at.

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The poster formally known as The Mortgage Adviser

When I grow up, I want to be a Storm Trooper!

It is common for breaking in the first or second year of a 5 year term when the fixed rate is over 7% (also depends on loan size).

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The poster formally known as The Mortgage Adviser

When I grow up, I want to be a Storm Trooper!

You get 95% here with LMI and 80% without. Also, you are not treated as an International investor.

What did you mean by “sort of cash there”.

I assume that was ‘short’. Why would he be short of cash if he got the money here and has equity there to use if he needs cash?

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The poster formally known as The Mortgage Adviser

When I grow up, I want to be a Storm Trooper!