Don Nicolussi‘s profile was updated 7 years, 10 months ago
Don Nicolussi replied to the topic Sunshine Coast finance broker recommendations?? in the forum Finance 7 years, 10 months ago
Hi and welcome to the forum Josig. If you are looking for a Queensland based specialist investment property broker who is also a property investor I would recommend Richard Taylor. Richard is a property investor. I think is the most significant qualifier when selecting a broker ( if you plan to invest ). I see that Richard has also made a comment…[Read more]
Don Nicolussi changed their profile picture 7 years, 10 months ago
Don Nicolussi‘s profile was updated 8 years ago
Don Nicolussi‘s profile was updated 8 years ago
Don Nicolussi replied to the topic Free for removal in the forum Value Adding 8 years ago
Hi Bullen -in the spirit of sharing I would suggest to stay clear of relocating a home for a first project. There a too many potential problems to list. Once the building arrives there is usually a lot more renovation work than expected.
An alternative would be to buy a property below bank valuation and renovate. It will be much easier to…[Read more]
Don Nicolussi replied to the topic ME Bank does the dirty and raises rates 0.41% for existing investor clients in the forum Finance 8 years ago
Again – it seems all I am doing lately is agreeing with Terry when I come on this forum but with Mebank withdrawing from certain niches the are really of zero interest to investors atm.
Don Nicolussi replied to the topic ME Bank does the dirty and raises rates 0.41% for existing investor clients in the forum Finance 8 years ago
Again – it seems all I am doing lately is agreeing with Terry when I come on this forum but with Mebank withdrawing from certain niches the are really of zero interest to investors.
Don Nicolussi replied to the topic Post construction valuations on Granny Flats in the forum Value Adding 8 years, 1 month ago
The valuation question is fairly easy to answer. We do them upfront to determine the on completion valuation. I regularly see these value up. In some cases it will be difficult for a valuer if there a few comparable sales but if there are they will have no trouble at all.
There are so many variables. The projects are really just micro property…[Read more]
Don Nicolussi replied to the topic Rate Rise Friday in the forum Finance 8 years, 1 month ago
Also most would be noticing the out of cycle rate rises going on for investment loans ( new and existing ) across lenders eg CBA, Macquarie.
Don Nicolussi replied to the topic Property Renovation & Development Books in the forum Value Adding 8 years, 2 months ago
Kieran – api magazine ( I am pretty sure it was them ) did a compilation of case studies on small developments. The numbers will be old by now but the percentages spent on certain items should be fairly consistent.
Also, on my desk right now, Australian Residential Property Development – Ron Forlee and Real Estate Development Principles and…[Read more]
Don Nicolussi replied to the topic Property Renovation & Development Books in the forum Value Adding 8 years, 2 months ago
Kieran – api magazine ( I am pretty sure it was them ) did a compilation of case studies on small developments. The number will be old by now but the percentages spent on certain items should be fairly consistent.
Also, on my desk right now, Australian Residential Property Development – Ron Forlee and Real Estate Development Principles and…[Read more]
Don Nicolussi replied to the topic US Property as 1st IP in the forum Overseas Deals 8 years, 2 months ago
Honestly, I think it really depends on your personality and mindset. Sorry if a non technical answer is not what you where after.
Some people will be able to remotely invest and others just won’t be able to cope with the lack of control and the additional complexities. To others it will be a breeze.
I was just looking a facebook page that nigel…[Read more]
Don Nicolussi replied to the topic Where do you expect Australia property values to be in 12 months? in the forum Opinionated! 8 years, 2 months ago
Benny – my vote was similar to today if the question is about the national average – nation median price. Looking forward to the next part of the cycle to be honest – a much better time for buyers.
Don Nicolussi replied to the topic Where do you expect Australia property values to be in 12 months? in the forum Opinionated! 8 years, 2 months ago
Benny – my vote was similar to today if the question is about the national average – nation median price.
Don Nicolussi replied to the topic Same bank not cross collateralised, is this possible? in the forum General Property 8 years, 2 months ago
Yes Griffo you can ( and well done for knowing what to look for as Terry said). I agree with all above but want to add why would you? If you broker is an investor it is going to be gut instinct for them to avoid cross collateralization and also avoid a one bank trap.
Don Nicolussi changed their profile picture 8 years, 2 months ago
Don Nicolussi replied to the topic Home equity confusion – please help clarify! in the forum Finance 8 years, 2 months ago
Is there any advantage to having equity when starting that I’m not seeing
Tiger, Well in short yes it really makes a massive difference. On the one hand the bank does look at your overall financial position. Assets and liabilities. The whole picture.
Sure high Loan to valuation ration LVR lending ( 95% investment loans ) is still available but h…[Read more]
Don Nicolussi replied to the topic Home equity confusion – please help clarify! in the forum Finance 8 years, 2 months ago
Is there any advantage to having equity when starting that I’m not seeing
Tiger, Well in short yes it really makes a massive difference. On the one hand the bank does look at your overall financial position. Assets and liabilities. The whole picture.
Sure high Loan to valuation ration LVR lending ( 95% investment loans ) is still available b…[Read more]
Don Nicolussi started the topic Negative Gearing Removed – CBA in the forum Finance 8 years, 2 months ago
Just a quick note for investors looking at borrowing with a base LVR of greater than 90% using CBA. In this case CBA will no longer allow negative gearing to be used in the assessment of your affordability / serviceability for investment loans. Eg, base lvr is 89% and end lvr is 91% (base plus lmi) you may use NG – if base is 91% you may not.…[Read more]
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