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I'm obviously very smelly..... :D

Seems like prudent advice JIT.....and something that I tried to negotiate with the Bank more than 4 years ago now. Unfortunately, Bank policy isn't so logical and does not allow you that sense of matching. Indeed, they have established specific criteria to protect themselves in this...

Thank you one and all for the contributions to this thread over the past week or so. I have been busily beavering away behind the scenes, taking all of your suggestions on board. I've spoken with grossreal on the phone, but most of his suggestions are way way above my level and simply scare...

Dunno about hanging out in the breeze. We invest in supposedly "high risk" assets for sure, but with our experience and systems in place, that risk has reduced, especially as rents have soared and equity has grown in each prop. We think it's fairly low risk, especially compared to houses...

...sounds quite good - I'm planning on getting into that. Might have to go and see Blue Card up the road.

Sorry Tracey - I have no clue what a clone trust is. As such, the chance of me upsetting the structure that has taken so long to put in place with something that I know nothing about doesn't sound attractive. On the bright side, the wife and I were talking last night, and came up with the...

Well if we simply sit and do nothing - nothing will alter until May next year when our situation once again comes up for review by the Bank. God knows what mood they shall be in then, but a few of the cheaper loans we established 5 years ago shall expire, and hence a few of the properties...

Hello all - been busy digging holes - just saw the discussion. ....yes, melodrama it may be called from the sidelines, until you have to wade through it personally....then it becomes a tad more than that when it starts shutting down all of your options. I initially started this thread to...

.....yes, I haven't really had the pleasure yet. I'm sure you are correct Winston. Maybe writing that book might keep me off the streets for a while.

Thanks for your comments and considerations regarding our situation nonrecourse. Your comments have been taken onboard. This is where investors prove their mettle.....as opposed to Bankers who only work on knowns and guarantees. What is the best option to choose moving forward ?? This...

....no Kevin....one cannot assume that.

Cheers for the input Bill. Our deliberate plan all along was to get as big as we could, as quick as we could, without putting in any of our own money. That worked. It took all our energy and focus. We knew this "roadbump" was up ahead of us, but it was in the future. Well, time is...

Officially I haven't no - but I did approach them initially to support the property purchase, and thus furnished them with all of the fin. details. They have the lot.....as does every swinging cat in Australia now....:p Their conclusion was we couldn't afford to buy the shed, and hence...

WW, I've only got one, and only see him fleetingly when he can spare 10 mins or so. Haven't spoken to him in over a year - so we aren't exactly chummy. And yes, he's what I would call wealthy. He'd be two clear levels above us. He's so set up and been investing in industrial & comm...

This goes to the very heart of the matter for us as investors. My honest answer is that we couldn't have possibly bought what we did without Xing everything up as badly as we did. The new Lender who enabled us purchase the shed with no money down also x-ed us up.....and we were happy with...

.....I forgot to mention - we are all in excellent health....:)

Thank you one and all for your feedback so far. There are some great suggestions there - and some that we wouldn't pursue. I sat down and read the thread contents out to the wife last night, and will probably do the same tonight, such that we can gather our thoughts. To clear the picture...

Firstly, a very big apology to all of the mortgage brokers and other wiser investors on the forum over the years who warned me that getting heavily involved with one Lender was a very bad idea. We ignored your sage advice, and barrelled head along into a financial relationship that can only...