Hi Joolz,

For some info from this site look up some old posts by Dazzling, he has a fair bit to say about industrial property, and also has an entertaining writing style. If you buy a small shed or industrial property make sure thsat there is strong demand in the area, a lot of small business owners purchase their own facilities at the sort of…[Read more]

Porky,

I would suggest that changing your PPOR loan into an wequity manager would not be a great idea. You can keep the standard loan and a seperate equity manager against the same property, this would be much cleaner and will keep you non deductable debt on a lower rate.

Regards
Alistair

Hi James,

Not sure about Qld, but if yopu want to wrap in Victoria you need to register as a credit provider (assuming you would be wrapping to owner occupiers). This doesn’t cost anything, but is a legal requirement.

Regards
Alistair

Hi Chief007,

While there are a few lenders who don’t like service stations, there are a couple of the larger lenders who will lend against them. You should be able to get 70% LVR and a pretty good rate.

Regards
Alistair

Hi Janettel,

I have several clients in common with Nigel, who has also replied to your post. Every one of them has been very happy with his service, so am morew than happy to recommend him to you.

Regards
Alistair

Hi crj,

IMB’sbase rate at the moment is 7.75%, not bad but far from the best rate around. Delboy, at the level of borrowing you are looking at, probably ongoing fees would be as important as interest rate, but for your info about the best you would do on rate is 7.45%.

Regards
Alistair

Hi Richard,

If you don’t have any spare equity in your current property the family equity products are pretty good. If this is not an option you can get 100% LVR loans for pretty reasonable rates. You can even go to 106% if need be, although the rates on these loans are over 8%.

Regards
Alistair

Hi Westan,

Cameron is currently funding the purchase of a few hundred condos in Panama for US investors. He hasn’t done anything in Costa Rica, but he has a few contacts there.

Regards
Alistair Perry

Hi Matt,

If you want to limit the liability of individual members you will have to find either very strong development deals or purchase commercial property with a strong tennant and lease in place.

Regards
Alistair

It’s illegal to provide finance to a person in bankruptcy

Hi Paul,

My mother in law lives on a farm in Blanchetown. Prices along the Murray have risen incredibly during recent years and i think you would have trouble getting a decent property that gave you a reasonable rental return, the quality of tennants would also be pretty ordinary from what I have seen.

If you want cashflow, you might be better…[Read more]

The cashflow return should be calculated on the the equity or cash put into the deal, in this case $90K plus stamp duty and other expenses. The cash on cash return is not so bad if you look at it this way. If the property is really worth $450K and it was purchased for $300K it doesn’t really matter what the cashflow is anyway, you would flip…[Read more]

Hi,

If your partner has not resided in the IP, then you should still be eligible for the FHOG and related benefits. The stamp duty concessions in NSW reduce once the property reaches $510K, but does not dissappear unless the price exceeds $600K.

Have a look at the following…[Read more]

Hi Nigel,

I’m glad to hear your trip is going well. Can you post some numbers up as samples of the returns available, with some commentry on the standard of the properties, quality of potential tennants and rental demand included. I think this would be an interesting read, as everyone is aware of the high yields on some properties in the US, but…[Read more]

Balmain NB like to sell themselves as a direct lender, but they are primarily a broker. They do have some funds that are sort of there own, through a joint venture partner, but they broker most of their loans.

Regards
Alistair

Hi Kylie,

I suggest you email Nigel Kibel (nkibel@netspace.net.au ). Nigel is in Texas at the moment and I’m sure he would be happy to answer your questions.

Regards
Alistair

Hi Pete & Jackie,

Your first point of contact should be an architect or draftsperson who has experience with dual occupencies. They are the best source of info as to what you will be able to build on a given block. A town planner is also important and you should definately find yourself a good consultant town planner. Surveyors are important, but…[Read more]

This is not a defense of Genisis, but you should have been informed that the heating has to be left on whether you have tennants or not, so the gas bill is normal. The alternative is letting the pipes freeze and having to replumb the building. This is and the management issue are two of the main things that have put me off the area.

Regards
Alistair

Hi John,

You don’t need to use a broker, but why wouldn’t you? You’re unlikely to attain their level of knowledge (if they are any good) without a lot of work and they don’t cost you anything.

Regards
Alistair

Hi,

I don’t think there is any correct answer to your question, it really depends on what is important to you and your goals. Your PPOR is a pretty low risk investment and is a good store of wealth as it will be CGT free, it also has a big impact on your lifestyle. The downside is that it doesn’t produce income and isn’t tax effective in terms of…[Read more]