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    MB doesn't want to deal with the big 4 banks

    Thanks for the replies everyone. CBA are happy to lend me 90% more than I am looking for. I don't wont to stretch my comm borrowings at the moment. I see this as an opportunity to spread my loans to another bank as I will use an unencumbered comm as security. Looks like I will being doing the...
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    MB doesn't want to deal with the big 4 banks

    To all the MB's out there, I have been speaking to a MB about financing a comm loan. I currently have dealings with CBA and have asked him to investigate the other big 3. On several occassions he has suggested 2nd tier banks for the resi loans and has come back and said he would prefer not to...
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    More discussion needed!

    Maybe some of the posters who have comm could provide us with their experiences esp when they first started out and how they got over that bump. I myself am looking for my 2nd comm but am also in the lower end of the scale. Interested in others thoughts
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    More discussion needed!

    BV, maybe some of those factors you mention are indicators that it is a good time to be looking. With comm returning 6 -7% twelve months ago you can now get 7 - 9% yield. Not all industries are directly linked to whether Aus is in a recession or not, medical, allied healthcare, low priced...
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    Who runs?

    Was fat, slow and old then about 4 years ago started running and lost 18 kg. Used to run 35 - 40km/ wk but now only do 10 ish. Must get that run in every week or else. Just bought a crosstrainer so I can keep up the exercise during the week. Now I am slimmer, faster and 4 years older
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    Best way to leverage Commercial?

    hi GR Had a look for sitloti, not sure what it relates to. Thanks for the ideas. I have been using the comm to help fund resi but feel the climate in becoming strong for comm so want to strenghten that side but will need to use the equity in the unencumbered comm to do it. Could one of...
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    Best way to leverage Commercial?

    Yep, LVR - 60% invest portfolio, 32% with PPOR. My strategy is to use comm for cashflow hence want to run this this sep from the resi. Income from the comm prop's will pay down all borrowings over 10 years, thereby providing passive income. Whilst I appreciate doing this attracts a higher IR it...
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    What did your Parents Teach you about Wealth?

    I was lucky in a lot of respects. My parents were hard working immigrants who sunk everything they had into the PPOR. They taught me the benefits of living within your means. My dad sold RE in Perth for over 30 years and I grew up answering calls for home opens etc. When I was a Uni student and...
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    If you are 50 will you use SMSF to buy IPs

    Jit, I agree about comm prop in the SMSF but rather than purchasing unencumbered is it posible to just transfer unencumbered prop into the SMSF without penalties such as stamp duty.
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    If you are 50 will you use SMSF to buy IPs

    WillG, I will let the SMSF guys answer in full but it is the way a loan is structured within the SMSF as opposed to getting it via normal means. Kick me if I am wrong
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    If you are 50 will you use SMSF to buy IPs

    I am 47 and like others here want control over my assets during the accumulation phase. Like BV I too am not sure about locking in property into SMSF at this stage but think it makes sense just before retiring or slowing down. My questions to the SMSF gurus are can you set up a SMSF at say age...
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    Who has/ would buy one bed room units??

    I think you need to do your DD when buying one bedders. They need to be in very popular strips so they will attract singles or couples. I tend to look just out of the CBD. Bought one last Apr on Chapel St (Melb), furnished it and set it up as an executive rental which gives me about 5.5% net...
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    Working out breakeven on Fixed/Variable loan

    One for the numbers people please. I am looking at purchasing a small commercial and lender is suggesting a portfolio loan. I will use an unencumbered commercial as security to borrow the max. I would like to fix the loan (max 5years allowed int only, no additional payments) but my plan is to...
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    Old concrete floor - which floor covering recommended

    Weg, I have a similiar problem. I have a studio under the house which has a concrete floor and I am about to renovate it. The builder feels that unless there is a proper membrane under the concrete, the slab will always retain some moisture, so use of any natural materials won't work. He says...
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    Property Portfolio Cashflow Survey

    10 - 20k and 62% lvr
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    Best way to leverage Commercial?

    Thanks TasInvestor, I am organising to meet with the bank to see what they can do. All my loans are with CBA but only have 2 resi IP's X crossed. The LOC on my commercial makes sense. Will let you know what transpires
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    Best way to leverage Commercial?

    First post. I have learnt so much from this forum (thanks) but have heaps of questions. I am not new to property, have 1 comm (retail) and a few resi IPs. Looking at another comm and am trying to figure out what is the best way to fund it. The comm I have is owned outright but I know the banks...
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