Recent content by Brad81

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    Looking for a buyers agent - Brisbane

    Riiiiiiight
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    Looking for a buyers agent - Brisbane

    Can anyone help me find Andrew Allen
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    cross collateralisation

    Would it be more to my benefit to select a broker locally or is it feasible to go with someone like yourself who knows and understands property investing albeit from Melbourne ?
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    cross collateralisation

    Ok, no problem. Many thanks for your assistance.
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    cross collateralisation

    Ok fantastic, so having said that if I let my bank organise the pre approval (which has already started) and when I make the purchase use a broker to get the right structure. Would that be an acceptable course of action?
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    cross collateralisation

    Ok that makes sense. Thanks very much can you tell me how pre approval works? Is it arranged through an already discussed loan type or structure or is the pre approved amount just that, an amount and when you a actually apply for that pre approved amount as a loan you choose the loan type then?
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    cross collateralisation

    That's a fair argument. Thanks for that
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    cross collateralisation

    I would rather use one as well but my bank are using an old valuation price which is a lot higher than what I believe it really is. If a broker uses a different they will do a fresh valuation, and I won't have any useable equity
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    cross collateralisation

    Thanks very much mate for your help, you've cleared everything up for me
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    cross collateralisation

    * they wouldn't do it
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    cross collateralisation

    Nice one cheers mate Is the equity release loan known by any other name?? Does LVR and LMI have anything to do with it? He said they would do it they way you've explained and carried on about LVR % and LMI. He lost me at that point.
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    cross collateralisation

    Ok..... Sorry mate I'm totally new to this so please excuse my ignorance So, I go to the bank and request a equity release loan (IO or PI?) for $40,000 which is secured to the first home. From that I use as a deposit for my new IP loan plus associated costs?
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    cross collateralisation

    But by having both loans secured against the first house doesnt that mean the 2nd house I buy will also be secured against the first house??
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    cross collateralisation

    Ok firstly, it's from ANZ You said I would need 2 new loans, an equity release loan and if course the new IP loan Is the equity realease loan by way of refinancing the initial loan?
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    Buyers agent Brisbane required

    Yeah Sure Looking for yield over 5% With view to buy and hold long term 6 properties within 10 years and sell off 1 to lower principal across the remaining 5
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