PropertyInvesting.com | danwatto | Activity

danwatto replied to the topic Commercial Property Group for Sydney in the forum Commercial Property

Thu, 17 Dec 2015 08:50:44 +0000

I’m up for it. Have a few comm investors could bring.

Live in eastern suburbs but mostly near city for work.

danwatto replied to the topic Broker vs Direct for Commercial in the forum Commercial Property

Thu, 17 Dec 2015 08:49:30 +0000

Thanks Andrew I pretty much agree from resi experience I would have trouble sleeping using only 1 bank.

Barlo Commercial – that wouldn’t be the same Barlo group from The Castle would it :)

danwatto replied to the topic Broker vs Direct for Commercial in the forum Commercial Property

Tue, 15 Dec 2015 03:28:33 +0000

Hi Corey

For the aggregator relationship, I mean I was able to get past APRA on Resi due to some lenders on this aggregator panel that had not been affected by APRA. For Comm, yes no APRA, definitely one of the advantages of Comm.

Is your brokerage your own business / partnership?

With your Commercial IP deals your brokerage does – do you have…[Read more]

danwatto replied to the topic Broker vs Direct for Commercial in the forum Commercial Property

Thu, 10 Dec 2015 08:44:48 +0000

Thanks Corey.

For a broker like yourself heavily involved in Resi, how do you select which commercial lenders to do accreditation with?

Normally with resi I know the aggregator just sends you to their list for training. But with comm is it also dependent on the aggregator? Or is it direct business relationship with each comm lender?

I’m…[Read more]

danwatto started the topic Broker vs Direct for Commercial in the forum Commercial Property

Thu, 10 Dec 2015 07:26:22 +0000

Hi All.

Have been talking to a few friends who have bought commercial and they are all saying they use direct banks for deals (once they get good relationships).

Also they said that when they used brokers they always just did a “referral” to a bank for a fee and not a true broker ie did not write the loan.

For those experienced in buying CIP…[Read more]

danwatto replied to the topic Lease Doc Commercial - Or How I learned to love Lease doc to continue investing in the forum Commercial Property

Sat, 14 Nov 2015 10:46:46 +0000

Thanks mate

So the advantage is only servicability.

But sounds like you still get a CRA hit as guarantor that you must declare for future personal credit apps?

danwatto replied to the topic Lease Doc Commercial - Or How I learned to love Lease doc to continue investing in the forum Commercial Property

Sat, 14 Nov 2015 00:01:47 +0000

Hi Corey

Do the lease docs require a personal guarantee from the director?
Or from the owner if in personal name?

Thanks

danwatto replied to the topic Redraw conflicting advice in the forum Finance

Wed, 15 Oct 2014 18:27:34 +0000

True

Some CAs are auditors etc and not tax agents.

danwatto replied to the topic Redraw conflicting advice in the forum Finance

Wed, 15 Oct 2014 04:19:28 +0000

Did your banker and mortgage broker show you their membership in the institute of chartered accountants? Are they licensed tax advisers?
My girlfriend told a banker she wanted to open a line of credit with her equity to buy an investment property. The next day the banker called her and said congratulations I opened a personal loan for you, with…[Read more]