PropertyInvesting.com | CharlieX | Activity https://www.propertyinvesting.com/members/charliex/activity/ Activity feed for CharlieX. Thu, 06 Nov 2025 11:33:34 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3614f565a13d7dce6c5e40b78dafa9e3 CharlieX replied to the topic Selling trail books? in the forum Finance https://www.propertyinvesting.com/topic/4387746-selling-trail-books/page/3/#post-5014008 Tue, 29 Sep 2015 20:35:54 +0000 thanks, I’m month 2.5 into broking :)
still getting lender accreditations and learning their products

]]> a5cfdb47b37bee4359a08e2a5ca31a5d CharlieX replied to the topic Selling trail books? in the forum Finance https://www.propertyinvesting.com/topic/4387746-selling-trail-books/page/2/#post-5013987 Tue, 29 Sep 2015 11:07:40 +0000 thanks :)

I think I’m already on the list, but so far not a thing yet.

]]> 6c9104e5f1e9223cd2df648bf0afb995 CharlieX replied to the topic Selling trail books? in the forum Finance https://www.propertyinvesting.com/topic/4387746-selling-trail-books/page/2/#post-5013983 Tue, 29 Sep 2015 10:46:56 +0000 will your aggregator transfer? :D

the difficulty is the seller’s aggregator not willing to transfer, and the buyer’s aggregator has to consent to accept.

if you know any within connective selling, let me know :)

]]> c691395760cbb4794bf1213a6d8a29ce CharlieX replied to the topic Selling trail books? in the forum Finance https://www.propertyinvesting.com/topic/4387746-selling-trail-books/page/2/#post-5013821 Fri, 25 Sep 2015 11:22:40 +0000 anyone selling mortgage trail books?

I want some trails :)

]]> 3f67b557d5025ea2f1c3f6a895da49cc CharlieX replied to the topic best lenders for investment properties? in the forum Finance https://www.propertyinvesting.com/topic/5011213-best-lenders-for-investment-properties/#post-5013819 Fri, 25 Sep 2015 11:09:26 +0000 thanks :)

]]> 34e33d2d86b9c4161853cae2aa094d1d CharlieX replied to the topic best lenders for investment properties? in the forum Finance https://www.propertyinvesting.com/topic/5011213-best-lenders-for-investment-properties/#post-5013818 Fri, 25 Sep 2015 11:08:30 +0000 this is month 2 for me,
yes, I should know all the products of the lenders by now? :)

thank you for your advises, much appreciated

]]> 13128f08717b6ab069397b946a9d2a54 CharlieX replied to the topic best lenders for investment properties? in the forum Finance https://www.propertyinvesting.com/topic/5011213-best-lenders-for-investment-properties/#post-5013615 Mon, 21 Sep 2015 11:25:08 +0000 wow, a taboo topic to ask advices on this forum?
thought this is the site with some of the best brokers, or maybe not?

]]> a48473c3262534bf591d26c5eaea0fff CharlieX replied to the topic best lenders for investment properties? in the forum Finance https://www.propertyinvesting.com/topic/5011213-best-lenders-for-investment-properties/#post-5011225 Wed, 05 Aug 2015 02:02:32 +0000 thanks Richard,
clients want to get the maximum equity out, currently about $330k equity in these two properties. they looking to use whatever equity they can out to build more properties or businesses.

reading, re-reading, re-reading, etc…and still hard to figure out which is the best lenders.

clients has two other properties and want to do…[Read more]

]]> a95647afdd0075a16b1ca35230a6723c CharlieX replied to the topic best lenders for investment properties? in the forum Finance https://www.propertyinvesting.com/topic/5011213-best-lenders-for-investment-properties/#post-5011220 Wed, 05 Aug 2015 01:46:58 +0000 thanks Jamie,

the loans are currently with cba, so would it be faster to go thru cba again?

and which lenders would do 90 lvr?

]]> 7802d30dc201f363f060fed7474eed9c CharlieX started the topic best lenders for investment properties? in the forum Finance https://www.propertyinvesting.com/topic/5011213-best-lenders-for-investment-properties/ Wed, 05 Aug 2015 01:02:42 +0000 who are the best lenders for investment properties at the moment?
and what’s the max LVR for investment property they will do?

thanks for your sharing :)

]]> 6cea177dd901c7267b35091292b775f3 CharlieX replied to the topic Short term finance or short term lending business in the forum Finance https://www.propertyinvesting.com/topic/5008635-short-term-finance-or-short-term-lending-business/#post-5008644 Fri, 12 Jun 2015 06:33:03 +0000 my question is to know more about this industry as i’m thinking of selling my other business to also start in this industry. since it’s also regulated by ASIC, I can’t be in too many different industries as I just can’t duplicate myself to be on top of the regulations.

]]> f61c609dd19aa65563ffd656ff0e5699 CharlieX replied to the topic Short term finance or short term lending business in the forum Finance https://www.propertyinvesting.com/topic/5008635-short-term-finance-or-short-term-lending-business/#post-5008643 Fri, 12 Jun 2015 06:30:06 +0000 the NCCP regulations on this industry is really tough now, decreasing the number of lenders in the industry. I think the industry is lot tougher now due to the bad ones in the industry.

]]> 3559fc51b49dcf9047079b517e9f28b1 CharlieX replied to the topic Short term finance or short term lending business in the forum Finance https://www.propertyinvesting.com/topic/5008635-short-term-finance-or-short-term-lending-business/#post-5008639 Fri, 12 Jun 2015 05:03:48 +0000 just want to know if anyone in here has experience in this industry, this is the finance section of the forum?

okay, so what I should said is the NCCP regulated loans, or small amount loans?
please refer to ASIC website for more info ….
https://www.moneysmart.gov.au/borrowing-and-credit/small-amount-loans

]]> 206f229264ddfa26633d21c011dedba2 CharlieX started the topic Short term finance or short term lending business in the forum Finance https://www.propertyinvesting.com/topic/5008635-short-term-finance-or-short-term-lending-business/ Fri, 12 Jun 2015 03:25:15 +0000 anyone in here have experience in this industry?
short term means lending under $2000 principal for 16 days to 12 months to borrower.

examples include cash converter, nimble, etc…

please share your thoughts and experience….much thank you :)

]]> 0e563a802d7ed7b6da745ce2a4fa68ee CharlieX replied to the topic Selling trail books? in the forum Finance https://www.propertyinvesting.com/topic/4387746-selling-trail-books/page/2/#post-5004110 Fri, 20 Mar 2015 10:13:23 +0000 sounds like the same model as most mortgage brokers operating under someone else’s ACL?

]]> 5f5afaa9fcc6e01b2c11097303aebc08 CharlieX replied to the topic Selling trail books? in the forum Finance https://www.propertyinvesting.com/topic/4387746-selling-trail-books/page/2/#post-5004094 Fri, 20 Mar 2015 04:34:30 +0000 not trying to master everything, but just the complimentary products.

difficult to be a good mortgage broker, without good knowledge of real estate, and good understanding of the financials of the clients?

]]> 1ab7a4d1c1dbb7c479ab417d52e6fcbe CharlieX replied to the topic how to borrow more / unlimted finance in the forum Finance https://www.propertyinvesting.com/topic/5001083-how-to-borrow-more-unlimted-finance/page/3/#post-5004000 Thu, 19 Mar 2015 22:11:09 +0000 there are a lot of variables that points to capital growth areas. unless the whole economy goes on free fall, those variables have firm foundation.

either way, cashflow is a preview to capital growth?

]]> 8cf2ae344a527cc962881eaea4ddaf53 CharlieX replied to the topic Selling trail books? in the forum Finance https://www.propertyinvesting.com/topic/4387746-selling-trail-books/page/2/#post-5003997 Thu, 19 Mar 2015 21:57:22 +0000 sounds like better to get the FP licence before buying the trail book so I can get the trails paid directly to my licence? does it not make sense for a person to take on complimentary products such as mortgage broking and financial planning? what other products would be complimentary products to mortgage broking, financial planning, and real estate?

]]> e9cbc6282adacfff8d9abc8048c2494b CharlieX replied to the topic Selling trail books? in the forum Finance https://www.propertyinvesting.com/topic/4387746-selling-trail-books/page/2/#post-5003970 Thu, 19 Mar 2015 08:34:58 +0000 Seems to be more buyers than sellers in mortgage trail books?

If I buy a financial planning trail book, do I have to be a financial planner?

]]> 17630cd07cf0b88b9f5a43c81d1d4706 CharlieX replied to the topic Multiple Trusts in the forum Finance https://www.propertyinvesting.com/topic/5002654-multiple-trusts/#post-5003913 Wed, 18 Mar 2015 11:45:34 +0000 what are other reasons?

]]> ee85d33b0e62c54679f3bd5bb33aad92 CharlieX replied to the topic Multiple Trusts in the forum Finance https://www.propertyinvesting.com/topic/5002654-multiple-trusts/#post-5003906 Wed, 18 Mar 2015 07:05:29 +0000 interesting, if it is true that you can increase your borrowing capacity by increasing the number of trusts/companies that you setup then won’t everyone be doing that?

]]> 114ff85bbceaa53a7c93eab90311969a CharlieX replied to the topic Becoming a mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4391536-becoming-a-mortgage-broker/page/7/#post-5003530 Thu, 12 Mar 2015 06:48:14 +0000 broker’s commissions have to be transparent to the clients?
the clients are the public?

]]> 480faf3c43c56177ad4c6b6e8f32ff55 CharlieX replied to the topic Becoming a mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4391536-becoming-a-mortgage-broker/page/7/#post-5003401 Tue, 10 Mar 2015 20:42:25 +0000 contradicting the regulations then?
are these information not to be transparent to the customers/public as per the regulations, same as a broker has to show the client exactly what he is being paid by the lender?

if the legal interpretation is no legislative requirement, then will be exactly as the name change from “exit fee” to “crawback” just…[Read more]

]]> f2e91cb1ec19f3bf6c7e6daa808c47e0 CharlieX replied to the topic Becoming a mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4391536-becoming-a-mortgage-broker/page/6/#post-5003385 Tue, 10 Mar 2015 11:38:28 +0000 I thought aggregators would hand that out just as us brokers are required to handout our credit guides to the retail clients. I’ve met or discussed with all the above aggregators and none has given me that commission sheet. is there a double edge sword here?

]]> 9f8c9fc6db633e9717e1e9284c1ac37d CharlieX replied to the topic how to borrow more / unlimted finance in the forum Finance https://www.propertyinvesting.com/topic/5001083-how-to-borrow-more-unlimted-finance/page/3/#post-5003383 Tue, 10 Mar 2015 11:12:39 +0000 I would agreed that capital growth is long term and cashflow is short term.
valuation is merely a value at a specific point in time, and influence by those properties in the surrounding of your property.

at the end of the day, how much a buyer is willing to pay is the value of the property to that buyer. it becomes a subjective…[Read more]

]]> 2cdd40fdec2c3f71ac720a65f9320458 CharlieX replied to the topic Becoming a mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4391536-becoming-a-mortgage-broker/page/6/#post-5003381 Tue, 10 Mar 2015 11:04:38 +0000 anyone know the variations or differences that the lenders pay the aggregators?
that is, what is the upfront and trail commissions that say ANZ pays to Choice, Plan, Vision, Fast, AFG, Connective, etc?
most aggregators have between 20 to 40 lenders on their panels. are these secret information or are they supposed to be transparent as brokers are…[Read more]

]]> a71ef1b7c604dae0af006204ff5be0d1 CharlieX replied to the topic how to borrow more / unlimted finance in the forum Finance https://www.propertyinvesting.com/topic/5001083-how-to-borrow-more-unlimted-finance/page/3/#post-5003241 Mon, 09 Mar 2015 21:54:56 +0000 without seeing how someone calculates yield, it’s hard to compare. I’ve seen some that has yield as what percentage is above the mortgage payment, while some has yield as after all expenses related to the property. everyone’s got to be on the same page, to be talking about the same thing.

we have few properties, and we’re trying to get good…[Read more]

]]> d9047673ef0836f5a3c3849650095fca CharlieX replied to the topic how to borrow more / unlimted finance in the forum Finance https://www.propertyinvesting.com/topic/5001083-how-to-borrow-more-unlimted-finance/page/3/#post-5003239 Mon, 09 Mar 2015 21:37:14 +0000 everyone may have their goal for rental yield, so what is the average that you aim for?
and when you have a high yield rental property, is it wise to sell it which you would be selling the goose laying golden eggs?

]]> 39fc30318ddb1ecbcd682fdfeb465897 CharlieX replied to the topic how to borrow more / unlimted finance in the forum Finance https://www.propertyinvesting.com/topic/5001083-how-to-borrow-more-unlimted-finance/page/2/#post-5003238 Mon, 09 Mar 2015 21:32:46 +0000 I thought there are sets of questions to ask during the assessment stage?
if it sounds too good to be true, then it probably is?

]]> 29a942561f78ef9d4835a7dd9549bb15 CharlieX replied to the topic how to borrow more / unlimted finance in the forum Finance https://www.propertyinvesting.com/topic/5001083-how-to-borrow-more-unlimted-finance/page/2/#post-5003237 Mon, 09 Mar 2015 21:30:46 +0000 I won’t be a party to the crime

]]> 3ece3004dd751f0a296817de5338a292 CharlieX replied to the topic how to borrow more / unlimted finance in the forum Finance https://www.propertyinvesting.com/topic/5001083-how-to-borrow-more-unlimted-finance/page/2/#post-5003185 Sun, 08 Mar 2015 21:18:11 +0000 maybe I was sleeping during Cert IV and Diploma classes when the instructors mentioned about lie detector test to all the clients before we brokers could go to the next step. I would say most finance brokers are not psychics enough to know whether a client is lying or truthful. as a broker I will do my role base on the information presented to…[Read more]

]]> bce17415fc1acd1c07f76c38d94523b3 CharlieX replied to the topic Finance for private company shares in the forum Finance https://www.propertyinvesting.com/topic/5003135-finance-for-private-company-shares/#post-5003164 Sat, 07 Mar 2015 21:39:39 +0000 Private company shares are difficult for lenders, they need trust and verification.

so comes down to what TerryW said.

]]> 6bdaab0d19a37cef5cfaf71751ad1556 CharlieX replied to the topic how to borrow more / unlimted finance in the forum Finance https://www.propertyinvesting.com/topic/5001083-how-to-borrow-more-unlimted-finance/page/2/#post-5003163 Sat, 07 Mar 2015 21:35:10 +0000 connect the dots for me, i’m trying to understand this relationship

]]> dc655fbf52c56254e0277f477361753c CharlieX replied to the topic Adding Spouse to Title in the forum Finance https://www.propertyinvesting.com/topic/5001054-adding-spouse-to-title/#post-5003149 Sat, 07 Mar 2015 04:29:39 +0000 in countries that have strong family laws, adding a spouse to the ownership title is with little issues

Australia very focus on building strong family, but such a big issue to add spouse to ownership title?

]]> cbf27a446b3351f4570cecc279e510e9 CharlieX replied to the topic how to borrow more / unlimted finance in the forum Finance https://www.propertyinvesting.com/topic/5001083-how-to-borrow-more-unlimted-finance/page/2/#post-5003148 Sat, 07 Mar 2015 04:26:40 +0000 one person’s bad guy is another person’s good guy.

what do the general public do with predatory lending by the lender?
why does lender discriminate by charging high interest rate for investment property than for owner-occupy property?

]]> 81ecd80ddd18b0422fea2b24ea1e19c3 CharlieX replied to the topic Finance for private company shares in the forum Finance https://www.propertyinvesting.com/topic/5003135-finance-for-private-company-shares/#post-5003146 Sat, 07 Mar 2015 04:16:39 +0000 bit more elaboration would help to understand what you’re doing?

do you mean trying to get money for you to buy shares in ASX or do you mean trying to get people to buy shares in your private company?

]]> 82bb664e18ec01e830f559ac7c00121d CharlieX replied to the topic how to borrow more / unlimted finance in the forum Finance https://www.propertyinvesting.com/topic/5001083-how-to-borrow-more-unlimted-finance/page/2/#post-5003128 Fri, 06 Mar 2015 08:34:04 +0000 your concept is interesting, but don’t know if many people out there have the nerves or the ethics to do it
then again Australia’s historical foundation was started by criminals? :D

]]> 69c15e19cb0a25803247a1a33ea0cf94 CharlieX replied to the topic Adding Spouse to Title in the forum Finance https://www.propertyinvesting.com/topic/5001054-adding-spouse-to-title/#post-5003127 Fri, 06 Mar 2015 08:29:25 +0000 and family is such a strong emphasis in Australia? :D

]]> d65e8910bfe7777f14fb32e9a9808102 CharlieX replied to the topic Adding Spouse to Title in the forum Finance https://www.propertyinvesting.com/topic/5001054-adding-spouse-to-title/#post-5003125 Fri, 06 Mar 2015 07:21:32 +0000 Australia don’t have married status?
that’s whatever is owned by one spouse is also owned by the other spouse 100%?

]]> c78e768ed9b674d1ab33cbd33819e46b CharlieX replied to the topic Considering buying a Mortgage Choice Franchise, am I crazy in the forum Finance https://www.propertyinvesting.com/topic/4403630-considering-buying-a-mortgage-choice-franchise-am-i-crazy/page/3/#post-5003013 Wed, 04 Mar 2015 11:50:07 +0000 thanks :)

know any Melbourne broker who I can contact to see if he/she could be my mentor?

]]> 3890154bc708c1790466fe1e601a166c CharlieX replied to the topic Rick Otton 2012 Bootcamp in the forum Buy, Swap & Sell https://www.propertyinvesting.com/topic/4996183-rick-otton-2012-bootcamp-2/#post-5002934 Tue, 03 Mar 2015 08:00:44 +0000 read otton’s book, but it’s not the whole story?

it’s a rent-to-own contract with a $1 balloon payment at the end, not exactly paying just $1 for a house?

]]> 9167ff2921f3b122eef14f3991346626 CharlieX replied to the topic Considering buying a Mortgage Choice Franchise, am I crazy in the forum Finance https://www.propertyinvesting.com/topic/4403630-considering-buying-a-mortgage-choice-franchise-am-i-crazy/page/3/#post-5002933 Tue, 03 Mar 2015 07:32:03 +0000 okay Jamie,

the word “interview” wasn’t my choice either, my word was “discuss”. that word “interview” came from the teachers I took the base courses and the aggregators I’ve met, and other mentors that I had discussions with suggesting that I need to “interview” more brokers if the ones I have already did have not jive with my objective or that…[Read more]

]]> ffdacfe6e0529220a68251b5ddce56bd CharlieX replied to the topic Considering buying a Mortgage Choice Franchise, am I crazy in the forum Finance https://www.propertyinvesting.com/topic/4403630-considering-buying-a-mortgage-choice-franchise-am-i-crazy/page/2/#post-5002929 Tue, 03 Mar 2015 05:55:50 +0000 kinnon,
I have PM you :)

]]> 5dd388e6bfd9e380558ce8ec8542ac69 CharlieX replied to the topic Considering buying a Mortgage Choice Franchise, am I crazy in the forum Finance https://www.propertyinvesting.com/topic/4403630-considering-buying-a-mortgage-choice-franchise-am-i-crazy/page/2/#post-5002924 Tue, 03 Mar 2015 04:51:59 +0000 the requirement sounds beautiful in theory, but not in reality. a few former brokers have warned me against certain mentors as well, such as the aggregator pays directly to the mentor then the mentor suppose to pay the mentee. but the mentor never pay the mentee, and the aggregator do not want to intervene or know about it, and the industry…[Read more]

]]> e8cebeb3fc7b14efe0dbeb23d588bdce CharlieX replied to the topic Considering buying a Mortgage Choice Franchise, am I crazy in the forum Finance https://www.propertyinvesting.com/topic/4403630-considering-buying-a-mortgage-choice-franchise-am-i-crazy/page/2/#post-5002923 Tue, 03 Mar 2015 04:46:48 +0000 the mentors I have interview so far wants the monthly set fee plus the commission splits (both upfront and trail), and some also want co-ownership of my clients for life. that’s why i’m questioning this mentoring requirement that supposedly bring in new brokers and train them to be the best to make the industry better. this requirement is already…[Read more]

]]> 32e25854b26339966a388c1de231ca44 CharlieX replied to the topic Considering buying a Mortgage Choice Franchise, am I crazy in the forum Finance https://www.propertyinvesting.com/topic/4403630-considering-buying-a-mortgage-choice-franchise-am-i-crazy/page/2/#post-5002898 Mon, 02 Mar 2015 22:29:57 +0000 you can buy a lot of jam with that kind of money :)

yes, I’m talking about the required MFAA mentoring requirement for new brokers. from what I was told, if you are new to the industry and have taken the Cert IV course, then you are required to have a certified mentor for two years. If you also took the Diploma course, then any broker who has…[Read more]

]]> c56cb9809df7145b606db9aa6dd8ef64 CharlieX replied to the topic Considering buying a Mortgage Choice Franchise, am I crazy in the forum Finance https://www.propertyinvesting.com/topic/4403630-considering-buying-a-mortgage-choice-franchise-am-i-crazy/page/2/#post-5002889 Mon, 02 Mar 2015 13:51:37 +0000 those who’s on the receiving don’t want to change model, and MFAA is enforcing that model, and lenders are also endorsing the model

the current model is designed is so that it’s the new ones that get screw over !!!

]]> 7149490e2f8a44ff0d284ecda63dbfc2 CharlieX replied to the topic Can the RBA really go to 1.5% in the forum Finance https://www.propertyinvesting.com/topic/5001053-can-the-rba-really-go-to-1-5/#post-5002888 Mon, 02 Mar 2015 13:44:48 +0000 “cut the official cash rate from 2.25% to 1.5% by late 2015” sounds like a real way to stimulate the economy?
this whole concept of manipulating the economy will eventually cause a crash. whatever happen to relying on supply and demand?

even if RBA plays with the cash rate, it’s not a direct relationship that the lenders will response as we have…[Read more]

]]> c141990109214ff887acb19a39c2f331 CharlieX started the topic Business Plan in the forum Finance https://www.propertyinvesting.com/topic/5002846-business-plan-3/ Mon, 02 Mar 2015 06:53:28 +0000 Anyone here has a business plan?

I am looking for one that has the pro-forma figures integrated, meaning in an excel spreadsheet from the profit/loss statement to cash flow statement to balance sheet statement. please share with me if you got one.

thanks :)

]]> aec1921050771620a79b6b8e1f8acceb CharlieX replied to the topic Considering buying a Mortgage Choice Franchise, am I crazy in the forum Finance https://www.propertyinvesting.com/topic/4403630-considering-buying-a-mortgage-choice-franchise-am-i-crazy/page/2/#post-5002842 Mon, 02 Mar 2015 05:43:47 +0000 $20k for 20 new brokers, I think would not be that bad.
I have deal with more than 1000 students per semester and got paid much less

]]>