PropertyInvesting.com | hschmid | Activity https://www.propertyinvesting.com/members/hschmid/activity/ Activity feed for hschmid. Thu, 06 Nov 2025 11:33:34 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3294a18885445ae6814e05a867405d79 hschmid replied to the topic No Housing Bubble in Australia...is there? in the forum General Property https://www.propertyinvesting.com/topic/4400323-no-housing-bubble-in-australia-is-there/page/6/#post-4626655 Sun, 06 Feb 2011 22:59:54 +0000 nicolas_b, I remember going to a seminar where the headline presenter was introduced as a guy worth 25 million so I paid close attention.

A lot of what he said made no sense and I couldn’t believe his position of wealth.

I then discovered that he inherited 50 million 2 years prior.

I am sure though that your unencumbered property in Neutral Bay…[Read more]

]]> eacc3fb433b705da1418e12621eff942 hschmid replied to the topic No Housing Bubble in Australia...is there? in the forum General Property https://www.propertyinvesting.com/topic/4400323-no-housing-bubble-in-australia-is-there/page/5/#post-4626633 Mon, 01 Nov 2010 00:35:51 +0000 Hi all, I just read this very interesting report

http://www.moneymorning.com.au/reports/mm-aussiehouseprices-2010.pdf

It’s fresh, very current… and Australian!

Enjoy

]]> caf584ff0e19ec7d667ef5798c159ca9 hschmid replied to the topic Is the world going broke! in the forum General Property https://www.propertyinvesting.com/topic/4401111-is-the-world-going-broke/#post-4631316 Tue, 07 Sep 2010 22:44:05 +0000 here is the media watch review

http://www.abc.net.au/mediawatch/transcripts/s3004109.htm

]]> c1607ca4f4a0cf014d8628383f518cc9 hschmid replied to the topic Is the world going broke! in the forum General Property https://www.propertyinvesting.com/topic/4401111-is-the-world-going-broke/#post-4631315 Tue, 07 Sep 2010 22:41:09 +0000 yes, now on youtube

3 parts… here is part 1

http://www.youtube.com/watch?v=m6FNYvC4uyM

]]> dcb5f171085004c56c38407e63c68a2a hschmid replied to the topic Just lost our buyer! :( in the forum Help Needed! https://www.propertyinvesting.com/topic/4401105-just-lost-our-buyer/#post-4631269 Mon, 06 Sep 2010 23:24:44 +0000 Bollocks???? I was told this by a panel valuer (the horses mouth).

I agree with your sentiments about the market though.

I am a bear and I think there is a dangerous bubble in the works.

If I were lending my money, I would tell my valuers to drop their figure by 30% (not 5% to 10%).

]]> 5acf06292476180be490974a23f3be9f hschmid replied to the topic Just lost our buyer! :( in the forum Help Needed! https://www.propertyinvesting.com/topic/4401105-just-lost-our-buyer/#post-4631263 Mon, 06 Sep 2010 07:59:42 +0000 Some valuers come from well outside the target area and only go on past sales in the area as their guide.

Then some drop 5% to 10% to cover their butt.

We know that the major banks (Westpac & Commonwealth particularly) have a huge chunk of their money tied up in residential loans.

They don’t really want much more and we suspect that they will…[Read more]

]]> 936b30225d845534449b00409f4c6c3c hschmid replied to the topic AMO? anyone with experience or feedback? in the forum My experiences have been https://www.propertyinvesting.com/topic/4401109-amo-anyone-with-experience-or-feedback/#post-4631298 Mon, 06 Sep 2010 07:36:11 +0000 My experiences have been positive. Robert Projeski owns them and he contributes on Fox business.

Worth a call

]]> f2dde90e5545b7b4f6735953656e664e hschmid replied to the topic No Housing Bubble in Australia...is there? in the forum Another interesting article https://www.propertyinvesting.com/topic/4400323-no-housing-bubble-in-australia-is-there/page/4/#post-4626618 Wed, 18 Aug 2010 00:00:49 +0000 Another interesting article in todays SMH

http://www.smh.com.au/business/property/housing-bear-warns-again-of-bubble-waiting-to-burst-20100817-128hl.html

]]> 8485ee9a765442230163011a4b630988 hschmid replied to the topic No Housing Bubble in Australia...is there? in the forum We meet developers and https://www.propertyinvesting.com/topic/4400323-no-housing-bubble-in-australia-is-there/page/3/#post-4626586 Fri, 13 Aug 2010 01:10:56 +0000 We meet developers and investors all the time.

One client bought 15 x 3 bedroom executive apartments in northern beaches Sydney (off-the-plan) with the view of selling for a profit before settlement.

They have a current (May 2010) HTW valuation for 935k each

He cannot find buyers and with completion around the corner, he is becoming…[Read more]

]]> 6eece8a008c3a95cd4692af4e9117a85 hschmid replied to the topic Mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4400673-mortgage-broker-8/page/2/#post-4628718 Sun, 08 Aug 2010 23:18:51 +0000 Hi Elol, Mortgage House is one of my clients who are currently expanding.

I associate with several aggregators / sub aggregators and mortgage managers.

]]> 200ffb3e52266e4d1c8fdc454fe3ed57 hschmid replied to the topic Mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4400673-mortgage-broker-8/page/2/#post-4628714 Fri, 06 Aug 2010 00:28:35 +0000 From what I understand, Aussie does not pay you any trailing commissions until you achieve 20 million worth of settlements.

In other business models this could be $30,000 of missed annual income and worth $60,000 to $90,000 in resale value.

Register your interest on my site (below) and I will send you a bunch of stuff

]]> e2dfa6c16dcb355a7e045bb1763c2ca0 hschmid replied to the topic This is Must see for iPhone users in the forum Help Needed! https://www.propertyinvesting.com/topic/4400698-this-is-must-see-for-iphone-users/page/2/#post-4628898 Wed, 04 Aug 2010 23:40:41 +0000 Layar

I think this is the platform and council records are added re development.

http://site.layar.com/company/blog/new-layar-video-discover-play-floaticons/

]]> 287697ae03379311d163f0c61a382deb hschmid replied to the topic This is Must see for iPhone users in the forum thanks banker, looks great. https://www.propertyinvesting.com/topic/4400698-this-is-must-see-for-iphone-users/page/2/#post-4628896 Wed, 04 Aug 2010 06:55:31 +0000 thanks banker, looks great. Just downloaded

]]> faa6984c5617b3b8e580315ce478c01f hschmid replied to the topic Mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4400673-mortgage-broker-8/#post-4628706 Fri, 30 Jul 2010 01:46:07 +0000 Just a bit of testosterone. Nothing personal

]]> 3e0c77207bec81c8e4e5640771e72d25 hschmid replied to the topic Mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4400673-mortgage-broker-8/#post-4628704 Fri, 30 Jul 2010 00:28:55 +0000 BTW, cert 1V is just the bare minimum start of the education.

I agree that by itself it is way insufficient.

Mortgage Broking is a career with ongoing training, field mentoring and support.

2 years mentoring is now the norm

]]> 2af95065da8f2c554d8b7175ceb3673e hschmid replied to the topic Mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4400673-mortgage-broker-8/#post-4628703 Fri, 30 Jul 2010 00:25:40 +0000 Looks like i am being dragged into a p*ssing contest.

We spend more time mentoring accountants, financial planners, property marketers, school teachers, ex corporate executives than truck drivers and brickies labourers.

So lets adjust the image of a new broker (you were also once new to the industry, remember).

It would be argumentative and…[Read more]

]]> 93802efb13cb2e5bd3344371472ba735 hschmid replied to the topic Mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4400673-mortgage-broker-8/#post-4628699 Thu, 29 Jul 2010 11:59:04 +0000 Hi Banker, we like ‘new blood’ because they have no reference points from the glory days.

Many ‘experienced’ brokers have a tumour about what was and what is.

Our training systems and technology can help newbies become confident and competent.

It helps when they are the RIGHT candidate to start with.

I agree with the truck driver analogy, and…[Read more]

]]> 7e03d4455479af7aea471ac6dda52376 hschmid replied to the topic Using my current home to invest in the forum Help Needed! https://www.propertyinvesting.com/topic/4400674-using-my-current-home-to-invest/#post-4628721 Tue, 27 Jul 2010 04:55:32 +0000 I agree, sounds like you do not work anymore!

Getting finance might be the next step.

]]> d77601e576cd138628c68e32b2a33db9 hschmid replied to the topic Mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4400673-mortgage-broker-8/#post-4628693 Tue, 27 Jul 2010 04:50:57 +0000 Maybe you could do a better job yourself?

]]> 57b4eaea3774bd98790d15e74c744f12 hschmid replied to the topic Home Loans - Whose Best? - Big Banks? Or Building Societies/Credit Unions???? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400613-home-loans-whose-best-big-banks-or-building-societiescredit-unions/#post-4628339 Tue, 20 Jul 2010 09:00:49 +0000 No we recruit and induct new brokers.

Our latest partnership is with Mortgage House who are looking for Brand Partners.

No franchise fees and no joining fees

http://www.brokersite.com.au/mortgage_house.htm

There is a video explanation on this link.

If you are a banker exploring your options, this may suit.

]]> 48cff2d932d40a7f5f84a8e8371e5a4c hschmid replied to the topic No Housing Bubble in Australia...is there? in the forum General Property https://www.propertyinvesting.com/topic/4400323-no-housing-bubble-in-australia-is-there/page/2/#post-4626582 Tue, 20 Jul 2010 08:56:55 +0000 DWolfe, people will still need money albeit maybe the amounts will change (as in -40%).

I value the thoughts of forum members and am keen to give up my bear and inherit a bull.

I hope it doesn’t crash for the sake of many who will hurt badly.

]]> 31b95c56eaf4a47930d631932dad2293 hschmid replied to the topic robert kiyosaki in the forum Opinionated! https://www.propertyinvesting.com/topic/4393548-robert-kiyosaki-3/#post-4589285 Tue, 20 Jul 2010 07:54:47 +0000 He has an interactive online book

Conspiracy of the Rich

http://www.conspiracyoftherich.com/

]]> 335c75dfa1249f9b446c6b3065bd3f09 hschmid replied to the topic unconditional cash offer requires finance? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400555-unconditional-cash-offer-requires-finance/#post-4628047 Tue, 20 Jul 2010 07:49:51 +0000 Looks you need to go back to the market.

]]> dade16de09d667095ec8bb9353b4e0e8 hschmid replied to the topic No Housing Bubble in Australia...is there? in the forum General Property https://www.propertyinvesting.com/topic/4400323-no-housing-bubble-in-australia-is-there/page/2/#post-4626580 Tue, 20 Jul 2010 07:41:25 +0000 DWolfe, please tell me your not in the “property doubles every 7 years” camp

or, you can’t ever lose on property.

]]> 43bd3a8d99498ca23ea1ba11586af2c6 hschmid replied to the topic do I invest into this in the forum Finance https://www.propertyinvesting.com/topic/4399381-do-i-invest-into-this/#post-4621130 Tue, 20 Jul 2010 07:31:46 +0000 funding will be hard, secondary market the problem

]]> 755b5900e057ed49d457f9c0c6641476 hschmid replied to the topic 95% loans + LMI in the forum Finance https://www.propertyinvesting.com/topic/4400501-95-loans-lmi/#post-4627761 Tue, 20 Jul 2010 07:28:33 +0000 Mortgage House could possibly help you

133 144

]]> 8695cbbd2fa77ed1c21e403a4a215fbe hschmid replied to the topic IO Loan on PPOR in the forum Finance https://www.propertyinvesting.com/topic/4400576-io-loan-on-ppor-2/#post-4628140 Tue, 20 Jul 2010 07:26:04 +0000 I agree with Otto D

Watch out for pre-approvals with escape clauses.

Can leave you high and dry without the funds to close.

The real danger is with auctions where you commit 10% and could lose some or all of it if can’t close.

I strongly recommend a non-auction transaction with a ‘subject to finance’ clause

]]> a75fc55fbae5292b8cf56831e82e1da9 hschmid replied to the topic Borrowing in a SMSF in the forum Finance https://www.propertyinvesting.com/topic/4400532-borrowing-in-a-smsf/#post-4627908 Tue, 20 Jul 2010 07:11:46 +0000 I saw this report which you might find useful

http://www.bishopcollins.com.au/ckfinder/userfiles/files/lonsdale_instalment_warrant.pdf

]]> c113c62bb01ba82edae0ba42c4d66df3 hschmid replied to the topic Townhouse/Duplex Sites in the forum General Property https://www.propertyinvesting.com/topic/4397038-townhouseduplex-sites/#post-4608178 Tue, 20 Jul 2010 07:07:40 +0000 please email me hans@brokersite.com.au

]]> 9304ed9378e18d2a7fc42834ff773d1a hschmid replied to the topic Townhouse/Duplex Sites in the forum General Property https://www.propertyinvesting.com/topic/4397038-townhouseduplex-sites/#post-4608177 Tue, 20 Jul 2010 07:07:08 +0000 Intrigue, I would like some details of your Whitsundays land

]]> 5322f986f45190f8067d40bfd286b587 hschmid replied to the topic No Housing Bubble in Australia...is there? in the forum General Property https://www.propertyinvesting.com/topic/4400323-no-housing-bubble-in-australia-is-there/page/2/#post-4626578 Tue, 20 Jul 2010 07:03:36 +0000 I’m in the – 40% camp!

Then stagnate for 5 to 10 years.

Like Japan, but it is now nearly 20 years stagnation.

]]> 75dfccb0676ccdb5676e487ab99e9a69 hschmid replied to the topic Closing an option deal. in the forum Creative Investing https://www.propertyinvesting.com/topic/4399704-closing-an-option-deal/page/2/#post-4623155 Tue, 20 Jul 2010 06:53:33 +0000 Can u settle if you haven’t on sold your option?

These can expire and catch you losing your option fee + your upgrade/value-add costs

]]> 5a57675c93a172114434f1098c95148a hschmid replied to the topic Home Loans - Whose Best? - Big Banks? Or Building Societies/Credit Unions???? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400613-home-loans-whose-best-big-banks-or-building-societiescredit-unions/#post-4628337 Tue, 20 Jul 2010 06:45:23 +0000 I think they will also. I think they all will.

]]> d1d3d5bf181b01e5a47db2359097596e hschmid replied to the topic Valuations - what is going on? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400507-valuations-what-is-going-on/#post-4627775 Tue, 20 Jul 2010 06:24:12 +0000 We are seeing great variations on the same property.

Very hard to settle on loans.

]]> 87eef17d864e5198ca3eda921ef3d379 hschmid replied to the topic Joint Venture in the forum Help Needed! https://www.propertyinvesting.com/topic/4400549-joint-venture-9/#post-4628022 Tue, 20 Jul 2010 06:16:13 +0000 Just saw an article in current API, might be useful

http://www.apimagazine.com.au/api-online/web-specials/2010/diy-syndicates

]]> ad8f57a886ea24b975615da80d4cb8d8 hschmid replied to the topic Home Loans - Whose Best? - Big Banks? Or Building Societies/Credit Unions???? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400613-home-loans-whose-best-big-banks-or-building-societiescredit-unions/#post-4628335 Tue, 20 Jul 2010 06:13:56 +0000 watch out for rate hikes ‘independent’ of the reserve from the majors after the elections

]]> a3114730cbabf55e6ce539555945d95e hschmid replied to the topic invest in Tampa Florida in the forum Overseas Deals https://www.propertyinvesting.com/topic/4398382-invest-in-tampa-florida/#post-4614794 Fri, 28 May 2010 00:07:17 +0000 Many commentators agree that a new collapse in RE is imminent (in the US).

With no recourse loans (unlike in Aus), people can just walk away.

Lots of loans repayments start small and automatically increase each year.

2011 will see a large number of properties with huge increases in repayments and people will simply walk away.

It can take 12…[Read more]

]]> e7bf84c6845eaa4bd3397fe512c94638 hschmid replied to the topic Dolf de Roos in town anyone going? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400056-dolf-de-roos-in-town-anyone-going/#post-4625010 Thu, 27 May 2010 23:51:29 +0000 Do his strategies work in Australia or is he advocating buying US repossession properties.

]]> 1d12cdfd40b1bb59138db9bea44cefcc hschmid replied to the topic Becoming a mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4391536-becoming-a-mortgage-broker/page/3/#post-4577891 Thu, 27 May 2010 23:36:38 +0000 sorry thats http://www.brokersite.com.au/webinar_registration.htm

]]> bd92b9e215975eae43fcab73df57cbfd hschmid replied to the topic Becoming a mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4391536-becoming-a-mortgage-broker/page/3/#post-4577890 Thu, 27 May 2010 23:35:53 +0000 We are recruiting and running a series of webinars to explain our mentoring, coaching and industry induction.

www,brokersite.com.au/webinar_registration.htm

]]> 236d3246f272f9c75fe3b97a4ec40da5 hschmid replied to the topic Becoming a mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4391536-becoming-a-mortgage-broker/page/3/#post-4577887 Thu, 15 Apr 2010 06:52:10 +0000 Refund Homeloans charge nearly $70,000 to buy a franchise.

They have > 400… amazing to me!

]]> b70cec9d4fee4234219bb7a554f6e40b hschmid replied to the topic Looking for Mortgage broker in Sydney in the forum Finance https://www.propertyinvesting.com/topic/4398422-looking-for-mortgage-broker-in-sydney/#post-4615044 Sun, 31 Jan 2010 22:11:28 +0000 I agree number 8, through clever structures one can acquire more properties than just buying in own name and killing servicability for further borrowings.

]]> cb8054d72bae7d9922d6e694c027c1ea hschmid replied to the topic Property Valuation with St George in the forum Finance https://www.propertyinvesting.com/topic/4398405-property-valuation-with-st-george/#post-4614954 Fri, 29 Jan 2010 08:56:03 +0000 Very clever.
Sometimes hard to get the panel list

]]> 8b20a4f8419b687c3625a0bc66364533 hschmid replied to the topic Looking for Mortgage broker in Sydney in the forum Finance https://www.propertyinvesting.com/topic/4398422-looking-for-mortgage-broker-in-sydney/#post-4615042 Thu, 28 Jan 2010 23:39:06 +0000 Thank you wealth4life, we appreciate the endorsement

]]> a1f42b9c95274886fa1e464b29c65934 hschmid replied to the topic Becoming a mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4391536-becoming-a-mortgage-broker/page/3/#post-4577879 Wed, 27 Jan 2010 04:17:48 +0000 visit http://www.brokersite.com.au to learn about becoming a mortgage broker
start part time, no joining fees

]]> f3172c736a4ae87e5e0b67001e894738 hschmid replied to the topic Mortgage broker commission and trailing fees rebate in the forum Opinionated! https://www.propertyinvesting.com/topic/4395485-mortgage-broker-commission-and-trailing-fees-rebate/page/4/#post-4599618 Wed, 27 Jan 2010 04:09:48 +0000 Lots of information about strategic alliances and commission sharing at http://www.brokersite.com.au

]]> fca16c135c694d056523361307d99458 hschmid replied to the topic Property Valuation with St George in the forum Finance https://www.propertyinvesting.com/topic/4398405-property-valuation-with-st-george/#post-4614951 Wed, 27 Jan 2010 03:38:43 +0000 My friend just SOLD a superb waterfront in Surfers for 3.7… valuation came in 2.8, deal dead!

]]> 63bb955112588cd866f596a94e8191ea hschmid replied to the topic RAMS to withdraw from Broker Channels in the forum Finance https://www.propertyinvesting.com/topic/4398436-rams-to-withdraw-from-broker-channels/#post-4615115 Wed, 27 Jan 2010 01:40:24 +0000 Very interesting development for the broker space.

]]> a281277ef21d95776d253c390da609f2 hschmid replied to the topic Low Doc Loans in the forum very hard to place this type https://www.propertyinvesting.com/topic/4398514-low-doc-loans-4/#post-4615706 Wed, 27 Jan 2010 01:32:07 +0000 very hard to place this type of loan in this current market

]]> 8c93e822f9860a399acfca6f13a961a0 hschmid replied to the topic Looking for Mortgage broker in Sydney in the forum We work with several https://www.propertyinvesting.com/topic/4398422-looking-for-mortgage-broker-in-sydney/#post-4615040 Wed, 27 Jan 2010 01:28:37 +0000 We work with several mortgage managers who might look at wholesale rates

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