Hiya

For a GENERAL GUIDE of what lmi may cover in termsn of lcn try

http://www.pmigroup.com.au

Ta

rolf

Hiya

Borrow the money on one hit using a LOC or a 100 % interest only offset acct. Depending on lender may go as high as 95 % Interest only.

Ta

rolf

Hi Mark

Worked there many years ago.

Tends to be more of a one co town than say Kalgoorlie which is far more cosmo.

Have aclient thats getting 18.6 % rental rtn in Kal.

Ta

rolf

quote:
Has anyone invested in Mt. Isa? Seems to be some positive cash flow units, but the takever of MIM by Xstrata seems worrying? What are your thoughts, anyone?

Hi Steve

I know people that have done well with either strategy so my two bobs worth is ” no it doesnt matter” with one simple caveat – know what your risks are and manager them appropriately.

ta

Rolf

Hi Meegan

Last year might have been a good time to buy. It would have been a better time than right now because you have 20/20 hindsight and in many areas of Sydney the market has moved on over 20 %. I remember about July 2000 when the markets were “inflated and were going to suffer a post Olympic lull” Nothing much in the fundamentals has really…[Read more]

Hi Steve

Hi Steve

thanks for the welcome !

You said
Such people shouldn’t give up… they just need to either…

I would not disagree with that. I say if it cant be done it will be.

The major issue that newbies will run into here is joint and several liability. Most lenders if aware of the contingent laibility will assume it is a drawn…[Read more]

Hi Steve

You wrote

“Everything there is fine, but I just disagree with Rolf said, because in my experience there is a big difference between a guaranteed loan and a real loan.”

Its good that people disagree, Im the first to realise there is more than 3 ways to do the same thing, and I like to see people do things that “cant be done”. All thats…[Read more]