I assume you wrote the loan directly with the bank? You may be able get a broker on your team by providing written advice to the bank that they are going to represent you. Not sure they can do much in this case though.

You can trim the fat wherever you want on paper to make your deal work, it means nothing in real life. I’ve only done one reno and I can tell you it will never go to plan.

A good friend of mine is a property mogul, he says if you can’t make a deal work on the back of a napkin using rainy day numbers then don’t do it.

The next question, you’ve…[Read more]

You can trim the fat wherever you want on paper to make your deal work, it means nothing in real life. I’ve only done one reno and I can tell you it will never go to plan.

A good friend of mine is a property mogul, he says if you can’t make a deal work on the back of a napkin using rainy day numbers then don’t do it.

The next question, you’ve…[Read more]

You can trim the fat wherever you want on paper to make your deal work, it means nothing in real life. I’ve only done one reno and I can tell you it will never go to plan.

A good friend of mine is a property mogul, he says if you can’t make a deal work on the back of a napkin using rainy day numbers then don’t do it.

Definitely speak to a broker. It sounds like your dad is om deep with company X, I assume they have their own finance arm or recommended broker.

It always worth getting a second opinion and mortgage brokers have a cheap hourly rate!

Hi Krish

I have a friend in Perth with a tonne of cash but no serviceability super intent on doing the same as you. You two may be a good fit, if you’re happy for me to I’ll pass on your details. I don’t think he’s looking to build a portfolio together, more so leverage off each other to each build their own portfolio.

PM me your phone number…[Read more]

I know some of the brokers at Crown and at it’s a very good product.

I’ve seen people pay down their OO loans incredibly fast, it’s definitely worth a look if paying down debt is important to you. It’s not just the lower interest rate though, there’s also a component of money management in there which is beneficial for people who require that…[Read more]

Does your partner live in Japan as well? Provided you’re both on the application there are a number of lenders who will consider this deal on the strength of your partner’s citizenship.

Lending policy around overseas borrowing tightened up significantly late last year but I know of a couple of lenders that will still go to high LVRs for overseas…[Read more]

Does your partner live in Japan as well? Provided you’re both on the application there are a number of lenders who will look at this deal on the strength of your partner’s citizenship.

Lending policy around overseas borrowing tightened up significantly late last year but I know of a couple of lenders that will still go to high LVRs. The next…[Read more]

Yes, Perth we definitely had a few headaches with OTP last year :-/ definitely not my favoured investment choice.

2019 is a long way off though, we could all be citizens of New Trumpetonia by then.

Tricky I’m sure.

I think Nahn Nguyen does this sort of stuff although I’m not 100% sure. A friend of mine is a client of Nahn’s and speaks very highly of him.

My advice, keep it simple particularly if you’re a novice. Unnecessary complications complicate matters unnecessarily.

This is general advice only.

Tricky I’m sure.

I think Nahn Nguyen does this sort of stuff although I’m not 100% sure. A friend of mine is a client of Nahn’s and speaks very highly of him.

My advice, keep it simple particularly if you’re a novice. Unnecessary complications complicate matters unnecessarily.

This is general advise only.

Agreed about the Jv, it’s fraught with danger. A developer I know put it this way: you need to care more about the relationship than the money if you go into a jv, because if/when it hits the fan the money will probably evaporate and the relationship will be strained. Of course, if everything goes well then hallelujah, but you need to prepare for…[Read more]