Ian,

I would have no problem with this.

How do you know that any of your offers will be accepted?

If you are offering $200K then ideally you are buying something that is actually worth $230-250K – if you follow this strategy a number of the vendors will actually turn you down, but one might not – then you havent wasted anyone’s time.

The…[Read more]

Hi Wizard,

Do you mean the initial deposit when you are signing a contract? In QLD I have been advised by solicitors that there is no minimum amount required – of course agents will always ask for as much as possible. Ive never put down more than $500 and know others that have put down $100.

I have never followed up with the 10% etc, but i…[Read more]

Richo,

Here is a great book:

Enterprise & Venture Capital by Chri Golis. Chris runs a VC firm called Nanyang Ventures based in Sydney.

If you want some more ideas, email me directly and i can help you out.

cheers

Todd
http://www.meteorpartners.com

lyrical,

give me a call and i will go through it with you. im sure i can help you get by. i hate it when this stuff doesnt get explained to clients!

Todd 0404 847 857

cheers

http://www.providence.net.au

Hi All,

I am travelling to NZ in December and will be buying some property.
Right now im investigating the loans situation (im a mortgage broker) and will let you all know the best option i come up with in the next month or so. At the moment im looking at Pioneer because i believe they do loans in both countries and have mentioned cross…[Read more]

Hi Mishka,

I have been to a number of other seminars (hanna brothers etc) and think that probably the reno kings are the most genuine ive seen. ive met both of them and know they dont have a ‘scam’ waiting in the wings to drop on you. Of all the people ive spoken to about it (and that is quite a few) none have said they didnt get value.
The info…[Read more]

Hi Will,

Last i knew about this was that any work where the total cost was more than $6,000 required insurance. You may want to check with the Master Builders Association.

cheers

todd

Todd O’Neill
http://www.meteorpartners.com
‘Move to the next level’

Felicity,

i dont know the details of the information in the seminar you attended, but i do know this. Whenever a financier performs a credit check on you, either as a primary, secondary borrower or as a guarantor, they are likely to input details such as 1) the purpose of the loan and 2) the amount. This is why it hits your CRAA records. In fact…[Read more]

sunnigirl,

please dont buy this package. you said you dont have much equity – $3000 will go some way to helping with costs. you can learn just as much from the Kiyosaki books if you want to read and follow his philosophy. there is a wealth of information and ‘tracking’ tools out on the web for free if you just look for it. there are probably…[Read more]

sunnigirl,

mackay has been a reasonable area for rental return in the past due to the different industries around the area. Coal, Cane, Cattle (all the C’s) oh and of course Tourism (maybe not so great at the moment). In terms of capital growth im not so sure, i would be sticking with houses, not units/apartments etc.

cheers

Todd…[Read more]

Wilandel,

His first thought was probably ‘what are they trying to get out of??’ My guess is that one of your goals is simply asset protection, hence the structure. If he was concerned at any stage he could have asked for guarantees, and, given you have so much lending with that bank, they probably have all of your assets sewn up anyway.

I agree…[Read more]

Matt,

Also try HSBC. They were promoting under 50M2 lends a few months back.

cheers
Todd

Hi all,

Excellent site this one! This is my first post – hooray!

The non-hooray part is that my girlfriend and I have found a very cheap apartment that we want to buy to live in, but it is under 50sqm, and our current bank won’t finance it, despite…[Read more]