I am in Canberra but not sure what your proposing.. an investment club?

Members Equity is offering 95%.

Leave the kids out of it people.. it is far more selfish to not have children then expect other peoples kids to care for you when your old. 5 children is not alot and they are already here. The guy was simply putting up a proposal as a way to get into the housing market. This is an investment forum and people are supposed to learn things and get helpful advise from experts in here, instead we have CRASHY giving out crap.

Good luck spudway with getting what you need and hats off to you for asking and putting a proposal up there. If there is anyone in this forum that knows possible lenders that could help.. pass them on.

if you go to the site http://www.domain.com.au you will see that they have just put on a investment section and you can check each suburb out with all the stats you could hope for  and it tells you how the suburb has been performing over the last 3 years etc. it is branded as new but helps heaps with finding out where to invest.

http://www.investsmart.com.au/property/default.asp?s_cid=domain

we  had the same problem when getting our house valued for a loan. what i did was supply a list of every house for sale in the area going for the price i valued it at and also a list of the rents going at that price. it was current info and they asked him to look at it again. it came up trumps. i also got 2 agents letters stating what the estimated rent would be. I ended up getting $15 a week more than the estimate and almost instantly.

if u think your right dont just sit there.. get them to relook or change lenders.

put the rent up and she will go.. then get an agent and select your tennant by their  capability to pay and references.

Can you please explain that a bit more.. im not sure why they would do that.. we split our loan 3 ways so we have an account for renovation, one for investing, one for the home loan. are you saying that St George are limiting their loans to what the house costs even when you are refinancing to use equity.

Wobbles also look at what your aim is.. do u want to get into investment properties for capital gain or rental income. is your goals to sell up in years for double what you bought for or to build up steady rental income . some houses get good rent but dont go up in value alot.

who is the real estate by the way, as my brother is just about to settle on an investment property in qld. and is renting out.

Yeh i wrote to him after reading his newsletter about it in feb last year. he wrote back with an incredibly biased and bitter letter about the investment club. It was pretty clear i was not going to hear anything informative.  There was nothing informed about it, it was more hiss hiss. The reason i wrote to him was he asked people to do it as he had all this information on them, but really it was about this one woman that bought a house that lost value and demanded her money back.. and got it. I listen more to people who are informed and not so one track minded. I speak to brokers, accountants and legal people. No one has said they are a sham but more a real estate agency. As long as u jump with your eyes open its all cool.

At the end of the day they do not own the house .. you do. By everyone going around saying its not a club.. i would not be so quick.. have a look at the amount of clubs at the moment and what they do to the average joe and his money. Gambling like nothing else.

I am not here to say they are the best but they definately have a great formula and resources to help people. By saying the prices are more than what the market is going for, maybe some are, i am sure most people catch on if they have any idea at all. But i researched all the areas they had stock in and not for a couple of weeks but months. I am a fraud investigator with the government and my parents both previous real estate agents.  We looked into them and asked around alot. And as long as people are aware then there is no harm.At the end of the day i believe they are a great source for people who do not want to go it alone, or people who like to be part of a group. Yes they make a mark up..but the houses are not more expensive. they openly tell you that and if u sit with the local leader or whatever they call themselves he will tell you he gets a take. It is all about making people rich.. and its not like its people who do not have homes selling other houses to people.. they also buy up the properties.