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Broker on the Gold Coast

Discussion in 'Property Finance' started by Jen--jen, 30th Sep, 2015.

  1. Jen--jen

    Jen--jen Member

    Joined:
    29th Sep, 2015
    Posts:
    5
    Location:
    Gold Coast
    Hi,
    I'm a newbie, always been interested in real estate, new to the forum.

    We have a good relationship with our bank manager at BOQ, they have a chat with us on a first name basis and are available for us to call if we ever need anything.

    We are looking at purchasing an IP and have spoken to the bank manager who had advised us the finance is fine, however I've been reading that it's best not to have all of your loans via the one lender. Can anyone please explain why this is?

    Further to this can anyone recommend a fantastic mortgage broker on the Hold Coast?

    Thanks
     
  2. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    641
    Location:
    Sydney
    Concentration risk.

    Its all good to have your eggs in the one basket in order save a few bps here and save on some fees there but serious thought should be given to risk management.

    There isn't a rule of thumb as some go off the numbers of properties and other go off the total lending. Either way its a good thing to diversify your lending and also have a lending relationship with at least 2 lenders.

    Rolf is in the Gold Coast and he always gets good feedback so its worth while having a professional like him review your portfolio and strategies.
     
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  3. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    18th Jun, 2015
    Posts:
    2,109
    Location:
    Melbourne, Nationwide
    Get in touch with @Rolf Latham he is a seriously incredible broker.
     
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  4. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,161
    Location:
    Canberra and Sydney
    They don't call him Rolfucius for nothing - dude is a guru.

    Cheers

    Jamie
     
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  5. Jen--jen

    Jen--jen Member

    Joined:
    29th Sep, 2015
    Posts:
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    Location:
    Gold Coast
    Cheers for the info and referral
     
  6. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,782
    Location:
    Perth WA
    Be careful of BOQ - if they have more than one property it's most likely cross-secured - they have it as policy. But Rolf will have that sorted asap :)
     
  7. Redom

    Redom Mortgage Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    863
    Location:
    Sydney (West) and Canberra
    Rolf has taught/mentored half the successful brokers on here, and they're mostly doing very well for themselves. Pretty sure his also mentored some of the industries very best that aren't on the forums.

    Cant go wrong - thats an incredible track record.

    Cheers,
    Redom
     
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  8. pinkboy

    pinkboy Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    918
    Location:
    Mackay, Qld
    RED. FLAG.

    pinkboy
     
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  9. twobobsworth

    twobobsworth Well-Known Member

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    18th Jun, 2015
    Posts:
    248
    Location:
    Sydney, New South Wales
    Had to re-read that, first time round I took it as tormented.
     
  10. pinkboy

    pinkboy Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    918
    Location:
    Mackay, Qld
    Nah, that's the 'Fact Finder'! :p

    pinkboy