There are better alternatives for cf+ properties out there.

The PITA (pain in the arse) factor would be high as well.

Finance would likely be limited to 80% LVR or less due to the size of the apartments and depending on the m2 may be limited to a few lenders or possibly none so cash buyers only?

Finance would likely be limited to 80% LVR due to the size of the apartments and depending on the m2 may be limited to a few lenders or possibly none so cash buyers only?

I would engage a successful and experienced Project Manager to assist you. To many things can be missed by a novice, especially an uneducated one!

The more you self educate the better you will be at identifying good, average and bad advice.

I have a great pdf eBook I can email to you that is very practical info on property development -…[Read more]

I would engage a successful and experienced Project Manager to assist you. To many things can be missed by a novice, especially an uneducated one!

I have a great pdf eBook I can email to you that is very practical info on property development – crice@cdrfinance.com.au

Nope but did a google search and got this; http://www.stonerealestate.com.au/

Tell your mate to go along as you always pick up a nugget or two from seminars, even if it is what not to do.

Before committing to anything would need to have a chat to an experienced and successful property investor about the suggested strategy Stone are spruiking.…[Read more]

Nope but did a google search and got this; http://www.stonerealestate.com.au/

Tell your mate to go along but before committing to anything would need to have a chat to an experienced and successful property investor.

Hint: there are a few on here :)

I did a Bob Anderson Bootcamp in Melbourne last year and worth the $$$ and effort.

I have a great little pdf book on Property Development I am happy to share with fellow forumites.

Email me at: crice@cdrfinance.com.au

Could be done but as mentioned things can go wrong.

Extra hits on your file and perhaps questions (possibly not asked to you) may arise causing the lender to decline your application.

Also need to weigh up the time and effort expended v interest saved!

Could spend your time other than managing the credit cards working overtime at your job for…[Read more]

Could be done but as mentioned things can go wrong.

Extra hits on your file and perhaps questions (possibly not asked to you) may arise causing the lender to decline your application.

Also need to way up the time and effort expended v interest saved!

Could spend your time other than managing the credit cards working overtime at your job for…[Read more]

Banks are a business and it makes sense to pass on a rate rise asap and drag your heals when the opposite occurs.

From a PR perspective, not so good!

Depends on your strategy? Is it cash flow or capital growth you are chasing?

Generally land increases in value and building decrease in value. In saying that the older style apartments usually have a greater land component than newer similar properties.

Rule of thumb for land / building ratio is 70 / 30 so this may help you determine your…[Read more]

Still some lenders in this space.

To be blunt, DONT DO IT. I have refinanced a few of these recently due to severely hampering borrowing capacity.

Last one went from $1300 cash out the door per month to just over $100 per month.

I suspect a very clever sales pitch appealing to human emotion is behind these nasty novated leases.

How likely is a client to get audited by the tax department in your experience Terry and does reason apply to the audit?

I work with accountants that are property investors and I know more about structuring finance than they do yet legally limited on how deep the advice gets never mind the average bean counter who often gives the exact opposite advice that is required.

And when I say “run this past your accountant before proceeding” I cringe with tongue in cheek.

Not surprised at all and also wont be surprised if the ATO are preparing to launch a full scale assault on IP loans as the majority will be set up incorrectly.

I have given specific advice to clients to then have the teller or loans officer attempt to undermine it. I tell my clients to call me whilst in the branch and put me on the perpetrator…[Read more]

No, you cant transfer the 400k to the new PPOR as it is secured against the original property.

You can access generally up to 90% of the original properties value to be used as a deposit towards a another property purchase.

You can transfer the interest payment from a transaction account on a LOC manually on a monthly basis when auto debits are not available.