Total Members: 159,421

theloanarranger

  • theloanarranger replied to the topic Chicken and Egg Issue.. in the forum Value Adding 20 years, 1 month ago

    Sorry folks, been away from the computer of late – have been a tad pre-occupied with the project.
    Thanks one and all for the suggestions – have listed the development with out of town agents, who have clients/customers seeking investment properties. Have estimated returns in the region of 6.5% p/a or thereabouts, (rent + depreciation) which whilst…[Read more]

  • theloanarranger replied to the topic Chicken and Egg Issue.. in the forum Value Adding 20 years, 1 month ago

    Thanks AusProp and GQ,

    Re the mock up – good call but can think of nowhere to stage it, not to mention the dramas n $$$ of putting together a real ‘exhibit.’
    So am now considering getting a virtual mock up done so people can do a walk thru etc – may well be a good step as I think yor’re right – people have trouble visualizing the end product…[Read more]

  • theloanarranger replied to the topic Project Plan for Owner Building in the forum Value Adding 20 years, 3 months ago

    hi Kattan,

    Don’t know of any offhand, but you might try Owner Builder magazine, lots of people share their ideas + plenty of trades specializing in O/B advertise in it.

    Cheers

    theloanarranger

  • theloanarranger replied to the topic Negotiating with banks for interest rates in the forum Help Needed! 20 years, 4 months ago

    Hey luckyone,

    Pick a broker, any broker..
    There’s still 1 or 2 lenders who’ll give you a discount on their fixed rates on certain loan levels, but it’s nothing to write home about – around 0.1 or so off advertised rates. If you intend fixing it all find out what you can get elsewhere and then have the unless-you-match/better-this-I’m-outta-here…[Read more]

  • theloanarranger replied to the topic buy or sell? in the forum Help Needed! 20 years, 4 months ago

    Hey alwayscurious,

    On face value I can’t understand how the 25 y/o unit is costing you $200 p/m (unless you’re paying way high interest..??) It should be creating + cash flow, in which case I would NOT be selling it.. Whether to renovate would be a decision based on if it would increase the rent, increase your deductions or to keep your tenant…[Read more]

  • theloanarranger replied to the topic Mortgage Choice must apologise in the forum Finance 20 years, 7 months ago

    Sounds like you’re a wee bit un-unbiased there Rob.. 20 large, huh?

    Mind you, I had a good laugh when I read the article too – I’ve had a few of their ex-clients with stories to tell, and problems to fix..

    theloanarranger

  • theloanarranger replied to the topic Low Docs & ATO in the forum Finance 20 years, 7 months ago

    Yep – the writing is on the wall for some.. There’s going to be some fall-out for banks, borrowers and brokers, and it could get very messy indeed..

    My colleagues and I were scratching our heads when various lenders brought out regulated Lo Doc Loans – I appreciate most are funded offshore -but still believe the majority would breach the UCCC if…[Read more]

  • theloanarranger replied to the topic Best way to do this…..? in the forum Help Needed! 20 years, 7 months ago

    Hi Dingles,

    I too hate selling unless absolutely necessary.

    Be aware that if you sell the IP you probably won’t have as much $$$ to play with, after sale costs, CGT, etc – and you’ll forgo any more capital appreciation. Only way I’d sell the IP (don’t forget market in most areas is slowing/retracting) is if you could use the $$$ freed up from a…[Read more]

  • theloanarranger replied to the topic renters – what happens when u purchase ppor in the forum Help Needed! 20 years, 7 months ago

    Quote:
    Originally posted by spider2:

    Steve McK has stated in his book that he favours self gratification

    He does..???? [ohno] That would explain the glasses..
    [biggrin]

    theloanarranger

  • theloanarranger replied to the topic MB Sought for Lo Doc Borrowings in the forum Finance 20 years, 7 months ago

    Hi Pin22436,

    If you want to send me your contact details, or details of the deal, etc either send me a PM or (preferably) an email – I’m not on the forum boards continueously.

    I’m a MB in Sydney, grew up in country NSW..

    Cheers,

    theloanarranger

  • theloanarranger replied to the topic Turning PPOR into IP in the forum Help Needed! 20 years, 7 months ago

    Elbow,

    Unless the outlaws still have a reasonable mortgage on their property and/or they could expect the property to rise in value substantially, they might bebetter off to sell it. Reasoning being that any loan they raise on their property to buy a new o/o property will NOT be tax deductable, so they’ll have a o/o loan (even though it’s secured…[Read more]

  • theloanarranger replied to the topic Sale Date? in the forum General Property 20 years, 7 months ago

    Hey Bionic,

    If all else fails, try going to the relevant council, (the rates dept)and ask to see the sales register – basically a list of all property transactions going back several years within council boundaries.
    Some councils charge, others don’t. Should give you the address, price paid and settlement date.

    theloanarranger

  • theloanarranger replied to the topic What are your occupations? in the forum No Subject 20 years, 7 months ago

    Go WAF!!! [thumbsupanim]

    Re occ: broker ‘n private sale consultant

    theloanarranger

  • theloanarranger replied to the topic Punctuation! in the forum No Subject 20 years, 7 months ago

    So who’s this herman guy[evo]?

    theloanarranger

  • theloanarranger replied to the topic Jenman – Real Estate Shoplifting?????? in the forum Opinionated! 20 years, 7 months ago

    My 2 cents worth.. R/E sales agreements have the
    extension clauses (ie up to 60- 90days after expiry) to ensure agents can claim commission if a buyer that was introduced during the agency period approaches the vendor to buy after agency expires, witha view to saving/splitting the comm. Some agents use this clause as a de facto agency, or for…[Read more]

  • theloanarranger replied to the topic Free Land !!! in the forum General Property 20 years, 7 months ago

    So I build my house on your land, huh? We really wouldn’t want to have a disagreement about anything before settlement now, would we?

    theloanarranger

  • theloanarranger replied to the topic What happens if 2nd valuation is less than 1st? in the forum Finance 20 years, 7 months ago

    Misty,

    If you think a lower val price is possible, consider getting a val done either privately (ie you pay for it, and ensure the valuer is on your lenders panel, so you can use it later), or use another lender than your existing to do the val. (probably still have to pay for the val, but will probably be cheaper than getting one done yourself,…[Read more]

  • theloanarranger replied to the topic WANTED. Sydneys BEST Mortgage Broker. in the forum Finance 20 years, 7 months ago

    You called ??

    theloanarranger

  • theloanarranger replied to the topic wanted – advice on selling in the forum No Subject 20 years, 7 months ago

    Agree with Simon re property presents better furnished, and possible rent discount. Talk to the tenants first – you’d be suprised how many want to buy the property they live in. If they can’t afford a normal loan – I know a good place to find info on wrapping..[biggrin]

    But if they look after your property well, treat the tenants like family – if…[Read more]

  • theloanarranger replied to the topic TO BUY OR NOT TO BUY? in the forum Help Needed! 20 years, 7 months ago

    Depends on who we is…

    If it’s the members of the club, and you have to borrow the funds to do it, think very long and hard before you go down this path..

    Every borrower would be potentially responsible for the entire debt – would get very messy very easily.

    If everybody’s going to throw in and buy it, what happens when someone wants out? Or…[Read more]

  • Load More

theloanarranger

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