Hi Kurn,To set up a good structure for property investing you need a good accountant and mortage broker, not a financial advisor.RegardsAlistair

Sorry if im confusing the subject but if the 20% deposit from Equity Finance Company is interest free then i see a great savings. This is not an expense it's a savings. My point is, as Else has explained above, that the cost will be very significant if the property has good growth. Just because the the cost doesn't come in monthly payments does…

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"Wouldn't it be wise to deposit your 20% into a 100% offset account to counter interest on top of the loan as well?In doing this, u have saved 40% interest on your loan."Mate, you sound like you think that 20% equity mortgage amount is free. It isn't. It doesn't matter whether an expense is deferred or immediate, its still an expense and the rate…[Read more]

"Not all small lenders require mortgage insurance if the loan is less than 80%.I just got a loan from LoanAustralia (they have best star rating according to Cannex) and I didn't pay LMI. "Just because you didn't pay for it, doesn't mean your loan is not mortgage insured. Your loan would almost certainly be insured. I'm not sure who provides funds…[Read more]

Hi Finchy,Nigel, who posted above is a good guy and very experienced. You should give him a call.RegardsAlistair

"Mortgage broker was very helpful, but limited to the mainstream loans – we are interested in something a bit more outside of the box – hence the wholesale and internet/phone only loans. Not being able to access a branch is of no concern to me, seeing as I very rarely use one anyway"I'm sorry to inform you, but these small lenders generally are…[Read more]

Hi Marcus,You will definately be in a stronger position with a lower debt against your PPOR and that is something you really should address. However, you should be very careful of making buying and selling positions exclusively because of cashflow, it is much more sensible to look at the overall likely return from a property ie cashflow and likely…[Read more]

Hi Jason,The larger development will require a commercial constrruction loan. You will probably be able to get up to 80% of costs, but everything is very situation specific when dealing with a commercial lender.RegardsAlistair

If any of the beneficiaries object you're stuffed, unless you want to go to the Supreme Court.

Investors Club is not a "Club" as such, it is a marketing company. If you buy through them your collegue will likely get a commission for introducing you, you should investigate this. I have no opinion as to whether they are any good or not, but use the search function on the form and you will find a lot of discussion about them.RegardsAlistair

Except for very specific circumstances this loan would cost most people money. Rate is a strong marketing tool, but is only one feature of a loan that needs to be considered. RegardsAlistair

Hi Boshy,Br wary, if they are guarrenteeing a copy of the valuation then they are restricting the number of lenders they can use, you therefore may not end up with the one that is most suitable for you. If this is a big issue for you, get a broker to put you through ANZ, they will always get a copy of the val report then. RegardsAlistair

Hi Phil,You can finance 6 as a residential lend at 80% LVR, Richard is correct in that you can't mortgage insure though so there is no way to go higher than this without using a commercial lender.RegardsAlistair 

Hi Ram,I live in Bayside, I'd be happy to recommend various professionals who I use. I don't have any builders I could recommend, but pretty much anyone else I would have covered. I own a finance brokerage and town planning consultancy by the way.RegardsAlistair

I know a lot of extremely wealthy property investors, and not one of them uses a debt reduction company or small lenders offering thread bare, discounted products. Very few go outside the various bank offerings, and if they do only because of specific reasons, very rarely related to interest rates. Read into that what you like.RegardsAlistair

Hi Mark,Is your business in the same industry as your former employment. If so, and you have some evidence of the income you have stated ie BAS statements and bank statements it may be possible to still do a loan as a full doc.RegardsAlistair

If there has been talk on Foxtel that rates will go up, then that would have to be a definite wouldn't it? You might like to do a bit of homework too, the Government doesn't control interest rates, the Reserve Bank does. You should know, as a mortgage broker, that there is more to take into account than movements in interest rates when deciding…[Read more]

"I will be able to assist you with your query on 0413 594 675.""Or I can fix u 3 years on a low 7.4% fixed rate no doc. For a free consultation call : 0413 594 675."Mate, are you going to offer anything in addition to advertising.

Hi Mark,If you want to distribute -ve gearing benefits a Hybrid Trust is the best way to go, from what I understand. If you have a good accountant take his/her advice, if not then get one.RegardsAlistair

The other day I heard about a “bill” or a “30 day bill” – which I haven’t been able to get any further info on just googling.

Most commercial loans are benchmarked off bank bills, they don’t have any relevence to residntial loans.

Regards
Alistair