Thanks for your input

so what the brokers are saying is

We are more likely to get it moulded how you like through us. Would that be accurate.

Why wont they allow me to uncross even though i am going to bring my LVR on th IP to 80%. This puzzles me as they would lend on 80% LVR on a single property?

Any of the brokers here feel they have…[Read more]

Hi

Check out “The real cost of refiancing” in this thread.. I am confused?

I am told that i will incurr
discharge costs
mortgage stamp duty transfer costs
etc

cheers
alf

Hi all

Thanks for your replies. Im still no clearer but interestingly i have made some enquiries with quite a few brokers and only one has brought the stamp duty into the equation. The bank also mentioned it.

I will be looking to refinance if the numbers are ok. The NAB is giving me some grief.

They wont do valuations only if i pay for them…[Read more]

Hi

Thanks all for your input, and great free info there Monopoly.

It seems that free info is becoming scarce when it comes to property research.

23km is not a long way even for Adelaide standards.

If anyone is interested the online Trading Post (Real estate section has some positive cashflow
props). http://www.tradingpost.com.au

cheers
alf

Hi all

Vending machines is something that has crossed my mind also. Reasonable outlay for reasonable return.

Some concerns that immediately came to mind was

Vandalism

cost of insurance (given the risk)

are they alarmed?

Where does one buy the stock is it a bulk arrangement and who organises it yourself or company?

What expenses does one…[Read more]

Hi

Who are the lenders that take 100% rental into consideration?

Are there any catches in other areas of the agreeements?

Cheers

Hi

Thanks MA could you give me an example on calculating the stamp duty.

say with 2 properties x collat

want to change to stand alone

or is it more advantageous to keep crossed?

cheers

Hi

Well when it comes to the government you might as well drop em and say screw me.

Thats all they seems to know how to do.

cheers
alf

Hi Sairah

In my experience a sound platform is that the property may have a dual purpose. For example a townhouse in larger groups are being used as serviced apartments re:Quest.

If you dont want to continue with this arrangement then the property can be used a residential tenancy.

Rents are generally lower with management operator companies…[Read more]

Hi

Can you imagine Sylvester Stallone reciting poetry to you…

Chemistry is a funny thing it just happens and voila.

cheers

Hi

Thanks all

regards
alf

Hi

Thanks for responding what i guess im asking is for example:
standard variable rate..best interest rate
LOC….best interest rate
1year fixed interest only
2year fixed interest only
etc
For eg. NAB two and three your fixed interest only is 6.89%.

Just wondring if it gives us a feel for what rates are going to do. Seeing at what rates the…[Read more]

Hi

My advisor recommended a certain bank at one time.

I later found out this was the bank that was giving him the highest fee. $1800 for introducing us to the bank and getting the loan.

There are competent and honest brokers on this forum.

regards
alf

Hi Mini

Yes i am aware of the NZ opportunities. You invest there and others have also.

I have not too much knowledge of the areas etc even though i did have a look at some areas out of interest. I did fin +CF in tokoroa and a few other areas.

The whole investing over there i find a bit daunting with the different rates and laws etc.

Perhaps…[Read more]

Hi all

I have been on this forum for a fair while and have always found it great for knowledge and at times entertainment.

I will continue to peruse and read the forums and try learn some more.

I have contacted some forum members and always found them open and helpful with there own opinions based on ther own experience.

I have heard and read…[Read more]

Hi all

Interesting discussion. When you have a PPOR and IPS do you use your PPOR in your calculations for the LVR calculation.

For example
say PPOR 200000…owe 100000
IP 300000…owe.290000
cross collaterised.

If they were seperated would one increase the PPOR to reduce the IP to get it to an overall lower LVR?

regards
alf

Hi all

Great discussion just have to put in my 2 cents worth.

Well i think that everybody should be against terrorism.

Bush took his eye of terrorism and blamed iraq and suddam for everything he could manufacture and sell to the world as in WMD.

Howard pretty much dances to Bushes tune.

Interestingly in parliament Howard said that pulling our…[Read more]

here here kay

Hi all

Bring the interest rate rises on. See families in misery. Take advantage of these people and move in for the kill. So you can profit at there expenses.

Why? because they made a mistake of perhaps
borrowing too much
not understanding the full impact of interest rate rises
loss of jobs
or any number of reasons.

Why not try and find…[Read more]

Hi all

i bought a property tenants in common 95/5 it is quite legitimate and had no problems with the ATO.

If you sell the property then that higher income person would be paying more tax. One way or the other they win.

regards
alf