With commercial contruction loans the actual interest rate is only part of the equation in working out the interest cost. CBA would be charging you a line fee of the undrawn potion of the loan limit as well, this is called a line fee and likely it will be set at about 2%.The 8.5% you have been quoted is pretty reasobnable, but if you are comparing…[Read more]

CasaHunter wrote:
I am considering using this agent for my next property in the US. Have you had any experience with them? Good or bad, please let me know. Thanks! http://www.888usrealestate.com.au/ They have a new webpage which is http://www.888usaproperty.com.au/

You should have a chat with Nigel, who posts on the forum regularly. He has just…[Read more]

mjcantrell wrote:
I have some clients that are looking to set up US bank accts with out having to appear in person.  Does anyone know of an establishment that can help them out?

I suggest you contact Betty Lentakis at Forex Sport Pty Ltd betty@forexsport.com PH +61 (03) 9846 8269 http://www.forexsport.comThey work mostly with money transfers for in…[Read more]

Last chance to register, we will be closing the books on Friday. It would be great to see some of you come along, the list of speakers we've put together is outstanding. The topcis to be covered include:Commercial PropertyUS PropertyCreating cashflow through Covered CallsManaging foreign exchange riskInvesting in property through…[Read more]

This company is owned by Chris Pappas, who is a long time and successful property investor, Ascentiv Group is their fianncial planning arm. it is relatively new, the accounting business isn't though, it has been around for a long time. Chris is quite a character.RegardsAlistair

Thanks for all the feedback guys. The cartoon was created using a site called Extranormal, its pretty good fun to use and i'll be doing a lot more on different topics as soon as I have some time. Anyone keen on these and other info if you "like" the Perry Finance facebook page you will be notified of any new info going up, we also publish articles…[Read more]

LLCW wrote:
Hi everyone, hope you are all well!! Have been looking at all the US hype at the moment, and saw the 21st century Property Direct USA DVD – essentially they appear to be offerning 'pre-screened' properties that are turn key – that is, already rehabbed and tenanted with a 10 year rental guarantee and a buyback option at the end of the…[Read more]

I strongly suggest that for 10 units you employ a project manager first and get them to organise the builder. You can probably tender this out, but the contractual arrangements will be as important as the builder you use. If you want to send me a few details I'd be happy to give you details a some appropriate people to talk to.RegardsAlistair

Shazfamily wrote:
If i have paid a fee to cashflow cqpital and what they have is also on realesrate.com and i do my own research and negotiation do I still have to pay them a commission.?

You will find that a lot of the property Cashflow Capital put up is advertised on the net by an agent. They are buyers agents and only receive commissions if…[Read more]

KindOfNew wrote:
Hi There,I have progressed in my development pursuit and am finalizing Council plans for a 6 unit / townhouse development in Brisbane. Does anybody know a decent finance broker that specializes in development loans (ideally located in Brisbane)? I need somebody who is a straight shooter and knows his stuff – makes life just so…[Read more]

A client of ours developed a old hotel into units, sold them off and kept rights to the air space above, which he later sold for a fairly large amount. In this case the body corporate agreement that went with each of the dwellings in the development expressly prohibited the owners from objectiong to development of the air space. I'd suggest it…[Read more]

No problem at all Jamie, I'm glad you like it.RegardsAlistair

Thanks Richard, I'm glad you liked it. I'm trying to think what topic to cover on the next one at the moment. They are pretty good fun to make, hopefully they are a useful educational tool to some people as well.RegardsAlistair

Thanks Mark, your feedback is much appreciated.

Thanks Michael, nothing much i can do about the voice overs, they are computer generated. I'm sure they will get better, the actions are pretty funny and it was good fun to make.RegardsAlistair

Hi JD,I don't know what standard returns are on offices in Perth CBD at the moment. I'd suggest what you are looking at is a little low. The Perth office market is highly volatile, vacancy rates went from basically 0% to around 10% when the financial crisis hit and prices plumeted. It seems to have largely recovered now, but you would probably…[Read more]

Hi JD,The info you have given isn't nearly enough to make even a guess at whether the property you are talking about is a good investment. Some considerations that would come into any decision would include:1. Is the current lease above or below market2. How long is it for3. Who are the tennants and are they good quality4. What is the security on…[Read more]

It is definately easy to invest in the US if you use cash, but it is difficult to get a return on capital that is sufficient to make up for the hassle and various risks asscoated with investing overseas. There are plenty of opportunities in the US, but i would suggest a lot of caution and due diligence before committing to anything over there.

I've referred quite a few clients through to Allan Wise at Cygnet Advisory Pty Ltd  and they have all been very happy. They operate on a fee for service basis and are very interested in property. Allan also used to open the bowling for Victoria if you are a cricket fan. Details:P:   03 9616 2933 | F: 03 9616 2944 M:  0438 002 840W:  http://www.cygnetadvis…[Read more]

The options you have are going to be heavily dependent on what you overall financials look like. Having a good accountant should not hinder you if the person organising your finance knows what they are doing, the lender should not look just at the business financials or just at your personal financials, if they are all considered together and you…[Read more]