Good one. I have only ever heard good things about Connective so must be doing something right!

Profits on renos are generally around the 20% mark if successful. Have you crunched numbers to see if it is profitable before proceeding with structures and the associated time and costs involved?

As Jamie stated its not necessary to see someone face to face due to technology such as Skype, email etc.

Got many clients who I have never met in person through out Australia and overseas and no issues that I am aware of.

This guy is a great broker and is Sydney based: https://elitepropertyfinance.com/contact-us/

Im with AFG and reasonably happy with them.

Did look at Connective but was going out on my own at the time so gave it a rain-check as it was to disruptive to my business at the time. I do like their flat fee model and wondering when, if ever AFG will offer something similar in order to remain competitive.

All the best.

Just keep them stand alone and not cross collaterlised. Unless you have specifically told the lending officer at the bank or broker chances are it may be.

Best way to check is to look at the loan contract under the SECURITIES heading (usually a few pages in) and if you have more than one property listed its cross collaterlised and needs to be…[Read more]

I reckon we will get to zero or very close on the cash rate.

Nope. Check similar established properties nearby to gauge purchase price is on point.

Check out this thread from Somersoft for more tips;

https://www.somersoft.com/threads/how-do-i-do-due-diligence-on-a-builder.108066/

Thats nice. Whats your question?

The only reason for a 95% loan would be lack of deposit.

88% + LMI keeps it below 90% in most scenarios which opens up many more options and also lessens risk to bank so easier to get the green tick of approval.

20% is the rule of thumb for developements.

Im not a reno guy but would think the same % applies to make it worthwhile.

20% is the rule of thumb for developements.

Im not a reno guy but woild think the same % applies.

1. Change PPOR loan from P&I to IO only.

Should be. You will have to contact the branch lender on the process involved.

2. Delink offset from PPOR to new PPOR.

Correct and move any savings into it as you want to offset non deductible debt first.

3. Do i start making P&I payments in the PPOR or keep that as IO as well?

Up to you but need to…[Read more]

You need to change your PPOR to IO and delink offset and link to IP that will become your new PPOR assuming you are at same bank.

Make sure your loans are not cross collaterlised. Looks like the are? You can check the original loan agreement under securities and if 2 properties are listed it x-coll and you need to tidy this up as the deeper you…[Read more]

I looked on their website and it seems very vague. Looks like a one stop shop to me.

I have posted this elsewhere but will do it again so people know if they are dealing with a self serving spruiker or a professional advisor.

There are three types of people in property;

1. The Salesman
2. The Advisor
3. The Spruiker

Knowing the difference…[Read more]

I looked on their website and it seems very vague. Looks like a one stop shop to me.

I have posted this elsewhere but will do it again so people know if they are dealing with a self serving spruiker or a professional advisor.

There are three types of people in property;

1. The Salesman
2. The Advisor
3. The Spruiker

Knowing the difference…[Read more]

I looked on their website and it seems very vague. Looks like a one stop shop to me.

I have posted this elsewhere but will do it again so people know if they are dealing with a self serving spruiker of a professional advisor.

There are three types of people in property;

1. The Salesman
2. The Advisor
3. The Spruiker

Knowing the difference…[Read more]

I looked on their website and it seems very vague. Looks like a one stop shop to me.

I have posted this elsewhere but will do i again so people know if they are dealing with a self serving spruiker of a professional advisor.

There are three types of people in property;

1. The Salesman
2. The Advisor
3. The Spruiker

Knowing the difference…[Read more]

I looked on their website and it seems very vaugue. Looks like a one stop shop to me.

I have posted this elswhere but will do i again so people know if they are dealing with a self serving spruiker of a professional advosor.

There are three types of people in property;

1. The Salesman
2. The Advisor
3. The Spruiker

Knowing the difference…[Read more]

Have you been using redraw facility. That is putting money in the home loan and redrawing it or just making min P&I payments?

Did you set it up like this or have you been using redraw facility. That is putting money in the home loan and redrawing it?