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Did my wife email you and ask to to give her husband back?? In all seriousness Joined this forum 1 year ago and have learnt more from it than I could ever have imagined but still have not even scratched the surface. I really hope this community continues and along with thanking Jan and Ian I...

Hi All, Sorry to keep banging on about structures but I do believe it's one of the most important aspects to property and likely the biggest most get wrong. So this question is regarding the best structure in the instance you own 1 single IP. This means no PPOR and no Split/LOC facility (we...

Well New Idea did cover their wedding and as his best man I made one of the photos. Might walk into the bank with my copy from 2011, point to my picture and say "I want an IP, heard celebs get 90% no LMI"

What constitutes a celebrity? My best mate was on series2 of the block, does he qualify? But on a serious note when the show was rating well, we did skip the line to get into Star Bar one night, no LMI waiver but it was a long line.........

Hey Accountants, I was just curious as to what formula you would use to calculate the required capital growth to offset a negative cashflow investment to break even. So the annual loss which would take into account all income received (rent & depreciation) minus all expenses. For...

How wide is your net? If you have an idea of say a 20km radius then I would suggest getting on the front foot and putting together a propery profile and get it in the hands of as many REA's as you can. On a Saturday you could get it to 30+ agents no worries. Once a propery gets listed your...

Haha love the story's! Common sense Almost never prevails! @FFCHaser - no I handled it myself which is why I won I think. I took it to two independent town planners who both told me I had little chance. On my first attempt they said NO because I would be taking away on street parking (my...

Tobe/Redom do you say 12% deposit as opposed to 10% as that is the sweet LMI spot?

@Terry, thank you very much for all your response and wisdom on this topic, your work on these forums are truly appreciated. Next time I come to Sydney I will need to buy you a scotch (on the rocks of course, not mixed with anything ;)

Just a quick little story for this Thursday. I recently battled tooth and nail with my local council to get a second crossover approved on my planning permit. After pulling of a miracle I was successful. My PP has been amended and also approval for second crossover done. Today my wife sends...

haha touche. But putting the analogy aside for a second and going back to scenario 2, if this happens is this a big issue if you immediately move the funds into redraw. This is the part I am having trouble with understanding, yes it has become contaminated but surely common sense prevails and...

This post grew legs since I last checked! @Terry - I really do understand the concept but the last thing I just want to clarify is in those scenarios when the banks do automatically place the top-up into an offset, what is the outcome in the following scenarios: 1 - New lender and a new...

Hey All, Anyone have an area assessment template they use for performing due diligence during suburb selection? I have a heap of things I look at both never bothered to document it correctly. Might be a good idea to start but was keen to see if anyone else had something that could help me...

Thanks everyone, very much appreciated.

The 150 properties was a long time ago in a very different market. To answer your question though it was achieved using very CF+ properties and a lot of vendor financing. Both those strategies in today's landscape are very hard to implement. Keep in mind if you purchase for CF then you usually...

It was my understanding that if you had already paid LMI at 95% then there would be an adjustment of say a few thousand to utilise at that again. On a 400k loan that extra 5% allows you to access an additional 20k of equity. Appreciate if the LMI adjustment is going to be hefty then it's not...

Welcome Tyrones, Your family is not giving you the best advice IMO. Using equity really depends on where you are in your acquisition phase and also how aggressive you want to be. Given you are just beginning I imagine a more aggressive approach is going to be the ticket and that will involve...

Hey Brokers, Anyone familiar with RAMS cash out policy at 95%? A friend of mine purchased an IP with RAMS around 4 years ago at 95% and paid the hefty LMI costs. Keen to utilise this again and pay the adjustment but with changes to the lending landscape this may be quiet difficult I am guessing.

Unless ofcourse you want to sell. What happens if you fix for 5 years because you believe rates will go up and then for some reason you MUST sell.

Hey Tone, I think you have misinterpreted my post. I did say they have things that drive CG but only as a pass mark. All the things you mentioned in response just reinforce what I said about giving them a pass mark to be honest. Public Transport You said "If you live on the Western side...