[Daniel LuderParticipant@dluederJoin Date: 2012Post Count: 8]

October 27, 2015 - 10:11 pm

Hi Aaron, thanks for the clarification

Cheers

Daniel

[Daniel LuderParticipant@dluederJoin Date: 2012Post Count: 8]

October 26, 2015 - 11:37 pm

I think if 2 can partner up and buy 2 x 600-750sqm blocks next to each other its going to work with low to medium zoning changes.
There are some average houses in Coolbellup. They look like borderline for renting. Would need a reno for now.
Some locations are now getting rezoned R40 and R60 are on council information.

There is a Roe 8 Extension approved, this would support higher density!!!

I have bought houses before, but could not pull of a subdivision and then build.

[Daniel LuderParticipant@dluederJoin Date: 2012Post Count: 8]

October 25, 2015 - 1:37 am

TM wrote:

I know that LMI is added if you don’t have an 80% deposit for a lot of the banks. What I would like to know is whether you can borrow the stamp duty and legal costs etc.

I used to borrow the lot apart from stamp, but times have changed and you would need a very good and shrewd broker with plenty of award rating to pull this off for you now.
Main thing if you think the property is right, you get the foot in the door. Cost you…., but your accountant may tell you exactly how to write off LMI so you know. I have done this wrong an right in the past, but my action to do it got me ahead in life. Since then there are many people watching,….trying to safe for the perfect first place.

• This reply was modified 8 years, 6 months ago by  Daniel Luder.
• This reply was modified 8 years, 6 months ago by  Daniel Luder.

[Daniel LuderParticipant@dluederJoin Date: 2012Post Count: 8]

October 25, 2015 - 12:59 am

Aaron your 2 cents worth input is certainly causing a lot of people a lot of pain going forward.

I’m sorry, very sorry but Aaron, what you trying to sell here:
-Benefits,
-relation ship,
-Easy paperwork,
-Better rate,
= You must be very naïve, brainwashed or setting up your clients for a ride on purpose.
You cause nothing but confusion with these worthless arguments. Non of the points is worth any thing. Zero

The lender would have 1 client set up for long term that’s all.

If a client has its accounts separately structured or with different lenders, who do think is in control of a healthy investment future?
Any client can simply look up each account at home and is informed 24/7.
The client’s accountant can simply do a proper tax return and segregate PPOR form IP. Very, very clean and tidy if separated.

If your client want future loans then they can simply shop around, but not with blokes like you.
There is nothing complicated at all to go to another lender, the day after,….same paperwork.

The last 12 years I talk to banks and lenders staff and I’m amazed, really amazed how incompetent they are.

Unbelievable

[Daniel LuderParticipant@dluederJoin Date: 2012Post Count: 8]

October 25, 2015 - 12:07 am

Whats your skill?

[Daniel LuderParticipant@dluederJoin Date: 2012Post Count: 8]

October 24, 2015 - 1:13 am

Hello , Im new here,

With APRA sorting out the bouble,… if there is one, in Sydney and Melbourne, I feel the APRA tool has been over used and now the entire country has to be overly careful. Toss in a few words of secure lending and refer to the good ol GFC to justify rate increases.
This will not just slow down property investment for all states but prevent a sound transition for the general economy from mining to infrastructure and manufacturing. If banking was the only industry fair enough,…good on them. Very unproductive move for any thing else.

[Daniel LuderParticipant@dluederJoin Date: 2012Post Count: 8]

October 24, 2015 - 12:30 am

great discussion….back in the day It would be great to start posting again on this topic.

[Daniel LuderParticipant@dluederJoin Date: 2012Post Count: 8]

December 31, 2012 - 2:51 pm

Plan A: Built IP in the back, rent it out, sell the old IP in the front.

Plan B: Built IP in the back, rent it out and buy a new unit elsewhere.