Recent content by Mcoleman

After talking to the broker today it seems I picked the right order, because I can now cross off the option of forgoeing the FHOG and perhaps purchasing my first home in a more 'normal' fashion. And then converting to IP later. This will now reduce the amount of questions I need to ask the...

Which begs the question, as a vendor can you offer them a much higher % (Of the amount above a set price) if they get you above a certain price. ie, I have a house I want to sell for $300k. If they get me anything above $300k I will give them 50% of the amount above $300k. They sell it...

I also wondered this, I'm a car salesman and we quite often do this to get people approved for finance (Ie if a 20% deposit is required). Whats the legalities on this scenario?

Went to broker today, looks like with my relatively small deposit I will be forced to use option 1 and be limited to a purchase of around $250k. There is still plenty of houses in the region for that price and If i play my cards right I should still be able to approach $300p/w rent. Only...

Hi, Just wondering which order I should speak to people with advice on purchasing my first IP. This is the order I am doing it, please advise if you think this is correct. Read Forums, Private research. Mortgage Broker/Bank. Accountant. Real Estate Agent. Regards,

2 Brothers, both living away, and un-interested in living in the region and the family as a whole is very happy with the current situation. My Only fear will be lack of approval with only $11k (Despite fairly high incomes for the region) saved and not using the FHOG. Although we have saved...

Hi, The wife and I are about to purchase a house in the Nowra NSW area. We are entitled to the FHOG, however we are currently caretakers for my Mothers house, which is much nicer than any house we will afford to buy. We are currently paying her a reduced rent of $200 as we only have access...