Total Members: 158,534

ksherwell

  • ksherwell replied to the topic Lots of bright ideas in the forum Creative Investing 12 years, 3 months ago

    As Richard pointed out it won’t work in the SMSF as it can only acquire assets from a related party which are valued at a maximum of 5% of the total SMSF investment portfolio value.

    As Michael pointed out you need to investigate the tax implications of the loan for the IP as you should maximise the tax effectiveness of the loan and any expenses…[Read more]

  • ksherwell replied to the topic Investment in SE Asia in the forum Overseas Deals 12 years, 3 months ago

    Some very good comments Terry. I doubt that I would consider purchasing a property in SE Asia (especially Thailand) as the risks are extremely high and as Terry said you should be prepared to lose the money. It will also be very difficult to obtain finance.

  • ksherwell replied to the topic SMSF and trust. in the forum There shouuldn’t be a 12 years, 3 months ago

    There shouuldn’t be a problem with the UT purchasing the property from the SMSF. However, it would need be conducted on a commercial basis and to satisfy the super legislation the investments made by SMSFs must be made and maintained on a strict commercial basis, so the fund trustee must ensure the asset valuation is robust and the purchase or…[Read more]

  • ksherwell replied to the topic Urgent help / advise needed in the forum Help Needed! 12 years, 3 months ago

    Hi Nath

    It sounds very much like he is mustering his bids to show increased interest in the properties. However, having being involved in property repossessions for 2 major Australian banks, I have seen stranger things happen, especially when the bank is desperate to offload the property for accounting reasons. However, I doubt they will drop…[Read more]

  • ksherwell replied to the topic National bank has no idea what’s going on in Moranbah in the forum Help Needed! 12 years, 5 months ago

    I would get in touch with the council or use a different bank

  • ksherwell replied to the topic One Big Switch or big flop in the forum Finance 12 years, 8 months ago

    They still have not released a deal. Its been 10 weeks. So much for getting 40,000 people to switch. Bad move for Choice

  • ksherwell replied to the topic Home Loan Question? in the forum Finance 12 years, 8 months ago

    I would go to another bank. I can't see a problem.

  • ksherwell replied to the topic Stamp duty concession to be axed for First Home Owners in NSW in the forum General Property 12 years, 8 months ago

    Should simulate the market

  • ksherwell replied to the topic Home Loan Question? in the forum Finance 12 years, 8 months ago

    Go to another Bank, there are many options out there

  • ksherwell replied to the topic One Big Switch or big flop in the forum Finance 12 years, 9 months ago

    Here is a letter from One Big Switch, showing they dont have any banks as yet. I wonder if they ever will. Wednesday 17 August40,306 consumers register with the CHOICE Big Bank Switch Dear KaneFirst of all, from all the CHOICE Big Bank Switch team, thanks for registering to be eligible to take part in Australia’s first ever Big Bank Switch.As an e…[Read more]

  • ksherwell replied to the topic Using mortgage broker vs. applying directly to the bank ? in the forum Finance 12 years, 9 months ago

    I agree to deal with only one banker.

    I used to refer people to multiple bankers as they desired the best rate. But it only makes thing difficult.
    Now I refer customers to one bank and one bank only

  • ksherwell replied to the topic Refinance in the forum Finance 12 years, 9 months ago

    MrDarcy wrote:

    Hello Mr DarcyBe aware if you  are going to refinance to ANZ, they are giving a $1000 cash back for making the switch.  This is available either by going direct, being referred or via brokers. [/quote] Checked out your site Kane..pretty neat![/quote] Thanks Mr Darcy, we are releasing a new, more modern site in 2 weeks. &l…[Read more]

  • ksherwell replied to the topic Refinance in the forum Finance 12 years, 9 months ago

    MrDarcy wrote:
    I am moving from Commbank to ANZ as per the above statements and with 1% off over 700k id be keen to see if that doesnt sway the sour taste..Sorry to be blunt but money is money at the end of the day and I can assure you CB wont be any better..I was going through a split with my wife and they printed copies of all of my statements…[Read more]

  • ksherwell replied to the topic Refinance in the forum Finance 12 years, 9 months ago

    jdufall wrote:
    Hi allI am looking at refinancing my PPOR and IP loans, my current finance is with a credit union and they have a limit of what they can lend me which is well under what I can service and need for my investing. I have talked to a mortgage broker and he has put forward the Commonwealth Bank as an option. The package was there…[Read more]

  • ksherwell replied to the topic Finance Question in the forum Finance 12 years, 9 months ago

    nicolas_b wrote:
    Are Low Doc / No Doc loans still available?What are the requirements?Minimum deposit / Maximum deposit? Would someone qualify $650 K deposit, ($50K to be set-aside for mortgage payments) borrowing $400k. 

    With such a high deposit, you could do Low-Doc, Rams is the leader in this market up to 80% LVR or go to one of the…[Read more]

  • ksherwell replied to the topic Getting finance for 1st IP in the forum Sounds like CBA is the 12 years, 9 months ago

    Sounds like CBA is the option, they have good rates at the moment. 6.96% or 7.27 comparison on a 95% LVR

  • ksherwell replied to the topic best investor loans in the forum Finance 12 years, 9 months ago

    sonyasal wrote:
    Hi Just wondering whether anyone has been able to source a very good investor loan recently. Looking for interest only with highest lend possible. Any loans offering 95% lends anymore?Would love to hear people's thoughts and experiences. How hard is it to secure a loan these days with new lending criteria etc.ThanksSonya

    Hi…[Read more]

  • ksherwell replied to the topic Financing for first IP in the forum Finance 12 years, 9 months ago

    Hi Brendon I recommended doing your own research FYI  The Bank of Melbourne and NAB are the most competitive. Happy to place you in touch with one of their specialist lending staff.   

  • ksherwell replied to the topic Using mortgage broker vs. applying directly to the bank ? in the forum Finance 12 years, 9 months ago

    Henry Adams wrote:
    Hi, Just a quick question, What's the difference in applying the loan directly through the bank compares with using mortgage broker ? I'm starting to look for a suitable lender for my IP loan, at the moment I'm with Bankwest and should I apply second account for IP loan (semi firewalling with Bank west) or with different…[Read more]

  • ksherwell replied to the topic What sort of loan can we get? in the forum Finance 12 years, 10 months ago

    Why not use your equity?

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