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  • Corey Batt replied to the topic Australia – Undervalued suburbs. Opportunity? in the forum General Property 1 day, 9 hours ago

    Frankston has definitely had a lot of ongoing interest for a number of years now – with a major run up over the last 24 months.

    The trend follows most of metro Melbourne – I would be looking at similar priced arounds in the Western suburbs to compare against, as Frankston does have a bit of variability in medians. (there was a slight drop in the…[Read more]

  • Corey Batt replied to the topic New bank regulations on I O loans and property portfolio investors. in the forum Finance 2 days, 7 hours ago

    So long as you fit the overall potential lenders policies, there is likely potentially options for you to get a new 30 year loan with 5-10 years IO which will give you that last leg of breathing space to have further rental growth, debt erosion and potentially sell some down to give you a more effective cash flow position.

  • Corey Batt replied to the topic New bank regulations on I O loans and property portfolio investors. in the forum Finance 4 days, 8 hours ago

    Hi Pollyanna,

    This is something that many investment focussed brokers are working on daily to assist clients from falling off a cliff with their effective cash flow.

    The main issue itself isn’t so much interest only renewals – but that the lenders borrowing capacities for investors in the last 18 months have dropped significantly, so those who…[Read more]

  • Corey Batt replied to the topic Collateral in the forum Help Needed! 5 days, 8 hours ago

    You will definitely want to avoid cross collateralisation (using one property to secure anothers debt) – as this is poor structuring and can be avoided so you don’t put yourself at unnecessary risk.

    Paying cash for the investment wouldn’t be the best move, you would likely want to finance the purchase to at least 80% LVR, then retain the…[Read more]

  • Corey Batt replied to the topic loan restructuring – investment to residential in the forum Finance 5 days, 8 hours ago

    Poor advice, poor structure (cross collateralised), poor results. Your banker has really done a dousy on you.

    As noted above, the ATO looks at the purpose of the funds, not what they’re attached to. Simply shuffling the money around will not increase deductions, but will potentially pollute your loans and make your ability to claim deductions…[Read more]

  • Corey Batt replied to the topic MENTOR WANTED – Flipping in the forum Help Needed! 5 days, 8 hours ago

    Tony has hit the nail on the head – flipping in Australia is seldom profitable, and is a step backwards from a renovation-revaluation strategy which allows you to grow your net worth quicker without losing a significant amount of profit each time to fees, taxes etc. I’ve written about this previously here: http://www.precisionfunding.com.au/11366/

  • Corey Batt started the topic How guarantees work in the forum Finance 6 days, 2 hours ago

    With housing affordability and the difficulty to enter the property market becoming a greater focus for first home buyers and investors – the topic of guarantor loans is now coming to the forefront as a solution. Guarantor home loans allow people to buy properties without the major hurdle – saving their deposit – bringing forward the time they can…[Read more]

  • Corey Batt replied to the topic Investing in adelaide in the forum Help Needed! 1 week, 4 days ago

    Hey Symo,

    To be honest, I’d probably avoid all of the options you’ve suggested. Apartments in Adelaide aren’t up for a good track record of growth over the coming years with the considerable supply coming on stifling any chance of growth.

    We actually ran a webinar speaking about the Adelaide market, statistics etc last last year – here’s a vid…[Read more]

  • Corey Batt replied to the topic The best way to work out borrowing capacity in the forum Finance 1 week, 4 days ago

    You speak with an investment focused finance strategist PRIOR to looking at any properties or making any offers.

    That’s their job, you don’t go in blind and you don’t DIY if you want to have results which don’t have you chewing your nails and pulling your hair out for no benefit.

  • Corey Batt replied to the topic The best way to work out borrowing capacity in the forum Finance 1 week, 5 days ago

    You’ll find that it won’t be in the ballmark however – as FYI some of those variables can be tweaked slightly between lenders which will change your capacity by upwards of 2-300%. Basically trying to just do an excel function calculation is going to give you something which is guaranteed to be unreliable to the point of useless.

  • Corey Batt replied to the topic The best way to work out borrowing capacity in the forum Finance 1 week, 5 days ago

    In reality Gus it’s best to speak with a broker so they can run your figures through the exact lender calculators. Richard’s given you a rough example of one of the types of calculators some lenders use – but in reality most lenders calculators will have 40-100 variables.

    Anything else is going to be inaccurate to the point of useless.

  • Corey Batt replied to the topic Do banks still lend to Family trusts? in the forum Opinionated! 2 weeks, 3 days ago

    It won’t increase your borrowing capacity – it’ll more often than not *decrease* your borrowing capacity as lenders will then exclude any taxation benefits from the investment debt contained within the structure.

    Not disclosing that you’re a guarantor for other loans is nonsense and a great way to get in trouble with the lender if caught.

  • Corey Batt replied to the topic [FREE WEBINAR] How can you invest in property with a SMSF 07/12 8pm ACDT in the forum Finance 2 weeks, 3 days ago

    For anyone interested – the recording for this webinar has been released and can be accessible here:

  • Corey Batt replied to the topic [FREE WEBINAR] How can you invest in property with a SMSF 07/12 8pm ACDT in the forum Finance 2 weeks, 3 days ago

    For anyone interested – the recording for this webinar has been released and can be accessible here:

    [MEDIA=youtube]Pun3r1cvxmU[/MEDIA]

  • Corey Batt replied to the topic How to make home more valuable and sell faster in the forum Value Adding 2 weeks, 3 days ago

    Tasteful renovations to remove ‘problems’ – ie people wanting a functioning house from day 1, not something which requires repairs. Balancing cost vs value increase is essential that you don’t overcapitalise as theres no point burning money.

    David raises good point, once you have a respectable home having well staged home can help entice buyers…[Read more]

  • Corey Batt replied to the topic Financial Planner Recommendation in the forum Help Needed! 2 weeks, 3 days ago

    Correct Dave, we’ve got clients all over Australia.

    Details of Precision Private Wealth can be found here: http://precisionpw.com.au/

    From the sounds of the original poster though, it actually sounds like the best initial port of call would be an investment focussed mortgage broker who can advise them of their capacity to actually purchase,…[Read more]

  • Corey Batt started the topic 2017 Comprehensive Must Read Property Investor Guide in the forum Help Needed! 2 weeks, 4 days ago

    Precision Funding is releasing the 2017 Comprehensive Must Read Property Investor Guide – this investor guide will include industry insider tips into:

    *What has changed in the investment lending landscape over the last 12 months
    *What to do to increase your borrowing capacity this year
    *How to evolve your investment strategy to work with the…[Read more]

  • Corey Batt replied to the topic buying investment property in low socioeconomic suburb in the forum Help Needed! 2 weeks, 4 days ago

    Consider that generally lower socio-economic areas have higher rental property ownership than other areas – generally you will find more investors there!

    Yields are usually higher and as you’ve noted – lower entry costs which keeps a steady stream of people looking at them as investments. My entire portfolio would fall into the lower…[Read more]

  • Corey Batt started the topic Useful Research Tools in the forum Help Needed! 2 weeks, 4 days ago

    Below is a list of commonly used websites for research and analysis of properties and property investment within Australia.

    Property Listing Websites (Residential)

    https://www.realestate.com.au/ – Primary listing website for Residential property in Australia

    https://www.domain.com.au/ – Second largest residential listing website for Commercial…[Read more]

  • Corey Batt started the topic Useful Research Tools in the forum Help Needed! 2 weeks, 4 days ago

    Below is a list of commonly used websites for research and analysis of properties and property investment within Australia.

    Property Listing Websites (Residential)

    https://www.realestate.com.au/ – Primary listing website for Residential property in Australia

    https://www.domain.com.au/ – Second largest residential listing website for Commercial…[Read more]

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