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Hey People, been a long time since i visited this forum, (killing time)yes there is refi lo docs out there, thru some mortgage management companies, but not cheap money anymore....one might be better looking at the overall portfolio and looking for other strategies in acquisition. Mitch

Still here, things are looking up this way as well, altough not as full on as Brissy at the moment. Vacancy rates are very low, and properties are not going like hot cakes but i would say it's a normal market at the moment... mitch

Chad, Hard money is the go for the rehab, then refi out.....try the County Courthouse mortgage records, look for loans that have been approved in the last 2 or 3 months, look for lenders that are not banks etc,,,like John Smith LLC, or Lending Solutions LLC, and disregard the big banks...

Giddo, Most lenders have an LMI policy on LO or No Doc loans, the difference between them though is whether you pay it or they do. You didnt mention the loan amount? is this under 500K? If so you should be able to get what you want with no payment of LMI, at a decent Interest rate...

reply to adsf Hey people, well I can comment on the Coolum Market, The market has definately cooled down, there is quite alot land in what i consider to be in oversupply, with more still yet to be released, there are even more land releases on the way, houses are not selling like they used...

Good one Quiggles, excellant work on the updates.... I have had no problems with the finance though....although it was expensive to setup.... Going back for more soon... Mitch

jjnshell, thanks for the reply, if i may answer from my understanding of a Viatical Settlement - it is a contract that purchases the life insurance policy of people that are terminally ill - at a discount. So to the insured person (the ill) they recieve cash now (albeit less) than having to...

yeh i dont mind those either they are my next choice if the liens dont work out.... mitch

Hey guys try Suncorp Business Investment (internet account) they do not have any bank fees at this current time....(fingers crossed). I use them for my trusts...only problem is the charge $1 for every internet bank (external account) transfer... Cheers Mitch

Ok guys I take from the lack of response that no one has really looked into it, well after much time online and on international phone calls, it is possible, there's a lot of forms to fill out but basically there is no drama, we are going over to check it out!!!! cheers Mitch

Ok guys I did a search on this one and couldn't find it, so i thought I would post to see if anyone has done it or researced it... Here's the plan... Setup a SMSF...(simple enough) then go to the United States and purchase Tax Lien Certificates with the funds...(no borrowing) with a hope of...

FYI>>>>>>Please see below for todays article... Asic checks interest-free loan offer Author: Joyce Moullakis Date: 17/01/2005 Words: 339 Source: AFR Publication: Australian Financial Review Section: News Page: 3 The securities regulator is looking into what may be one of...

Hey people, I love the animated discussion this has caused, I have been a mortgage broker for about 18 Months, so I sent the info to a guy in the Brisbane Office who has been around for a while...he went down to the sydney thing as well last week, as far as he is telling me from his...

hey people, I have got the general jist of it, you borrow 500k from devirex, and they secure 1.6million, they use the difference to invest to make their money....i hope this is correct... my question is, is the security...ie is your property the security for just the amount you receive...ie...

Quiggles, Well done mate, what an inspiration, I went to a property seminar just recently and we talked about US property, I am definately keen to get my teeth into the market, now having read your post it takes even more fear out of the equation. I am making it my major priority to get over...

Heya, could you please define more of what you are looking for are you looking for wrappee's ie people to buy retail of you, or are you looking for investors (clients) who would like to invest with you on deals...Mitch

Thommo, Yes you can X-File it if you like, one thing i try to remember when taking advice is to understand where the advice is coming from... cheers mitch

Thommo, hmmn getting into disclosure issues here, as an Accredited Mortgage Broker I would say that the practice of non-disclosure of information to credit providers would be illegal....as David from E-Noosa said it is correct that if it does not show up on your baycorp then the bank will not...

Heya people, as far as the original post goes..your broker should have disclosed to you the percentage and nature of the commissions he/she recieves from each lender.(it's actually the law.....) I agree with Rolf, as a broker you can spend many many hours on a deal with someone, also many...

Hey people, some quick tips on servicing * for every $1000 limit on a credit card you cannot access about $5000 in home or investment loans (some lenders are good with balance paid in full each month) * personal loans the same as they are also "unsecured credit" * Most banks qualify you at a...