PropertyInvesting.com | giant45 | Activity

giant45 replied to the topic Cross-Securitisation and Joint applicant vs Guarantor questions in the forum Finance

Sun, 27 May 2012 06:28:39 +0000

Thanks Jamie and Terry (nice to hear from you again Terry)We won't be cross-collateralising, but am still interested in comments regarding the implications of having my wife as co-applicant with me (as trustee of our family trust). My income is limited but I think the bank sees it as insufficient should the IP become unrented or the rent be…[Read more]

giant45 replied to the topic Sell first, buy first, coincide settlement dates or what? in the forum Finance

Thu, 31 Mar 2011 07:16:19 +0000

Thanks Richard. Will check out lender comparisons once we've decided on our best plan.Yes Marty, selling first with a long settlement period may be the answer. However, I'm a bit concerned about pressure to find the "right" place in the settlement period.Peter

giant45 replied to the topic Sell first, buy first, coincide settlement dates or what? in the forum Finance

Thu, 31 Mar 2011 00:21:47 +0000

You guys are awesome.David – Thanks for your simple step-by-step response, including your "downside" comment. You suggest 2 loans (one on the unit and one top-up loan on the new PPOR). What forms would the 2 loans take? We are currently with the CBA for two IO loans on our 2 investment properties. Would the CBA be a suitable len…[Read more]

giant45 replied to the topic Sell first, buy first, coincide settlement dates or what? in the forum Finance

Wed, 30 Mar 2011 02:59:41 +0000

Thanks Luke for taking the time to reply. Will consider your comments. PS Apologies for the computer jargon at the lead-in to the topic. Don't know where that came from.

giant45 replied to the topic Best use of cash and equity in the forum Finance

Sat, 27 Oct 2007 13:39:15 +0000

Thanks Richard for your very clear and logical reply.Thanks Terry. When you say "You could pay cash, then mortgage these properties", I assume you mean pay for IP in full with cash (chq from LOC and cash ex offset a/c). Then mortgage IP after settlement and put the money back into the LOC.Thanks propertypower. Your congrats and reply a…[Read more]

giant45 replied to the topic Loan structuring advice sought. in the forum Finance

Wed, 17 Oct 2007 13:26:47 +0000

Thanks Matt for your comments regarding investment plans and the purchase of a $400,000 IP. BTW, I've looked at the Investor Finance web site.Thanks also Richard. We set up the family trust as a base for our planned IP portfolio. Yes, I agree with your caution re only acting on advice from licensed financial advisors.I would still apprec…[Read more]

giant45 replied to the topic Loan structuring advice sought. in the forum Finance

Tue, 16 Oct 2007 11:42:56 +0000

Thanks Richard.Was looking forward to your comment, especially your clear explanation of Terry’s comment re “look at using the big banks now.” We are now putting the Port Elliot block on the market to free up the equity/funds to purchase IP(s)/commence a portfolio. The block does not appear to have increased much in value over 12 months and…[Read more]

giant45 replied to the topic Loan structuring advice sought. in the forum Finance

Mon, 15 Oct 2007 06:57:24 +0000

1. Thanks Terry.Establishing an LOC on our PPOR and using it the way you suggest seems a good way to go. My wife is a trustee of the FT and hopes to gain employment in the next month or so, before we buy our first IP. With that scenario (and assuming it eventuates), I think the current FT arrangement is okay. We plan to buy IPs in the na…[Read more]