Total Members: 158,194

anandd

  • anandd replied to the topic Max LVR for a half built home in Melbourne (eastern suburbs). in the forum Finance 11 years, 8 months ago

    Hi Shahin,The vendor died and the surviving party (Estate representative) don't have plans available to get a fixed price quote. And the relationship between the vendor & the builder were not the best and I suppose he didn't get paid which resulted into this builder not interested in talking to anyone. we can't get a fixed price quote from a…[Read more]

  • anandd replied to the topic Max LVR for a half built home in Melbourne (eastern suburbs). in the forum Finance 11 years, 8 months ago

    Some lenders after the valuation suggested not suitable security due to half renovated house and even refused to accept it as security. I suppose it will work only if someone accepts COS as the purchase price. Any easy ones these days?

  • anandd replied to the topic Max LVR for a half built home in Melbourne (eastern suburbs). in the forum Finance 11 years, 8 months ago

    Hi Terry, Even if the land only valuation is supporting the purchase price?

  • anandd replied to the topic Max LVR for a half built home in Melbourne (eastern suburbs). in the forum Finance 11 years, 8 months ago

    If I were to get 80% – what would be the ideal way to do it? I would appreciate your suggestion on this one.Or would you prefer me calling you to discuss?

  • anandd replied to the topic Expressions of interest on subdivided property 9 kms from melbourne CBD? in the forum Help Needed! 11 years, 10 months ago

    You need to wait until you get the planning permit through as potential buyers need to know what you will be selling (and for how much). Perhaps contact a local real estate agent to see what they can do for you?

  • anandd replied to the topic Funiture package from developer, yes or no? Pros & cons? in the forum Help Needed! 11 years, 11 months ago

    I agree with the guys above that home lender won't consider this as part of the purchase so this $18K has to be funded through your own funds and I'm hoping the furnitures are worth >$18K.

  • anandd replied to the topic Advice on early possession and mortgage issues in the forum Help Needed! 11 years, 11 months ago

    Depending upon your location – there are a number of good finance brokers (not me) on this forum who will be able to help you out with this. 30% loan seems no brainer to me. Hint: Why don't you buy the new property as investment and therefore show new rental income and 'move to your parents' for a 'short-term' until such time you can afford to…[Read more]

  • anandd replied to the topic DIY Property Styling made us $20-$25k! in the forum Value Adding 11 years, 11 months ago

    Great tips. SOmething I'll keep in mind when I'll sell mine.

  • anandd replied to the topic Asset protection Question smart property owners ! in the forum Help Needed! 11 years, 11 months ago

    @ Richard,I have been a corporate banker in the past so my client base was somewhat different with lawyers & accountants (usually 1st tier firms) assisting us. But good to know all this. Now that I'm out of banking, I do a little bit of home lending for relatives/ friends of my business clients so never had to seek more then a simple home loan f…[Read more]

  • anandd replied to the topic Asset protection Question smart property owners ! in the forum Help Needed! 11 years, 11 months ago

    Richard, Just saw your othere question – I mainly do business transactions ( reasonable size) as an Introducer so operate with a level of ethics and been in this industry for not as long as you but nearly 15 years with few majors.I'll be very interested in knowing which major financiers are doing up to 95% LVR transactions in this market for such…[Read more]

  • anandd replied to the topic Asset protection Question smart property owners ! in the forum Help Needed! 11 years, 11 months ago

    Richard, Which major banks you would use for this type of transaction? And would you be seeking mortgage insurance directly from the two active providers in Australian market?

  • anandd replied to the topic im being foreclosed what a mess in the forum Overseas Deals 11 years, 11 months ago

    I guess you got to let it go Mark.

  • anandd replied to the topic Single currency flagged for Australia and NZ in the forum Overseas Deals 11 years, 11 months ago

    Nigel,Euro zone had all plus points when they started Euro (even though now we can see only the negative points) and was seen as true rival to USD. Aus & NZ are very similar but still they are two different countries with two different level of Purchasing Power Parity and therefore I am a firm believer that it won't work.

  • anandd replied to the topic Asset protection Question smart property owners ! in the forum Help Needed! 11 years, 11 months ago

    Hi Richard, This is because you won't be able to get LMI under Co/ trust name. Also a residential loan under Co/ trust name will be funded by small business bankers at most of the banks (unless you can find a smart personal banker who can process transaction under these entities).Under these structures banks wil be able to fund the loan (up to…[Read more]

  • anandd replied to the topic Asset protection Question smart property owners ! in the forum Help Needed! 11 years, 11 months ago

    In my banking experience, I have seen over 50% people establishing trusts for wrong reasons or due to wrong advise. The legal structure is determined by the total Group/ Family income keeping in mind that you won't face any trouble getting the funding due to your legal structure. If you are an investor who goes for LMI all the time, a purchase un…[Read more]

  • anandd replied to the topic Investing in Ballarat in the forum Help Needed! 11 years, 11 months ago

    My suggestion is to stick to the "areas you know well" unless you are doing first hand research in one of the new developing areas. I remember people running to Point Cook years back due to cheap land (and because their friends bought it there) and now if you go to realestate and check the rental properties there appears a list of over 250…[Read more]

  • anandd replied to the topic ‘As is condition’ in the forum Help Needed! 11 years, 11 months ago

    Do you want to get these inspections done and if yes and if the Bank (Vendor) don't want to accept the conditional offer (which is normal as they want unconditional sale), you have to risk your money without even putting the offer. So in short, it is your choice as this spending doesn't guarantee your offer being accepted. Like it or not mate, you…[Read more]

  • anandd replied to the topic Single currency flagged for Australia and NZ in the forum Overseas Deals 11 years, 11 months ago

    you kidding? Do we need another Euro zone type drama in this part of the world?

  • anandd replied to the topic Purchasing Easment in the forum Help Needed! 11 years, 12 months ago

    Why don't and speak to the neighbours? You don't ask you don't get.

  • anandd replied to the topic Which property I should choose as PPOR when selling in the forum Legal & Accounting 11 years, 12 months ago

    Terryw: And I'm assuming the valuation won't come free in that case and I may also struggle to get a v'aluation in 2008'.

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anandd

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