Terry,

I think they can do cocktail loans with a combination of lending as you described topped up with private funds.

I imagine it would be at a significantly higher rate.

Also a 100% lend may be possible if the client has additional security as you know.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments…[Read more]

Well it is certainly too late to get in at the start. Newcastle has boomed big time.

The market has slowed a bit but is still moving along.

I think a lot of money is still coming from Sydney which is only 2 hours away.

Any specific questions for me?

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may…[Read more]

TC,

Very good idea.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Twelve has six letters

Six has three letters.

and ten also has three letters?

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Sorry I meant three.

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

four

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Every commercial deal is assessed individually.

You will need to contact a commercial broker to have him assess the deal.

If you cannot find one then email me and I will refer you to someone I use.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you…[Read more]

You need to live in it to establish it as your home.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Six years is from when you move out and start renting it out.

If you buy another place to live in then you have to change the exemption to the new one.

The exception is if you sell the original one then they can overlap for up to 6 months.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant…[Read more]

Thats how I would do it.

If you have income coming in then this will be the more tax effective way.

I would wait a bit and really get to know the area well. That way you will be able to identify really good deals and pounce on them.

But if I was a carpenter I think I would go down the reno path. I did one over summer and added $75K in value…[Read more]

Eski,

If your total loan size is 65% or less of both property valuations then a NODOC is possible.

But talk to a broker first and find out exactly what your options are.

I don’t like to give advice without sufficient detail.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to…[Read more]

You have 6 years from when you leave it to retain the CGT exemption.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Toowoomba is a great little spot. I lived there about 15 years ago!

I imagine you will easily buy a great renovator there with your funds.

You can also explore the area around there and collect a few IPs as well!

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual…[Read more]

It is.

Depends on the size of the loan and the valuation.

If you have a 35% deposit nearly anything is possible.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a…[Read more]

You are ideally placed to buy a renovator and do it up whilst you live there.

Any profit you make will be tax free as it is your home.

Also depends which city you are off to? I imagine $400K goes a long way in Hobart but would buy a pretty average home in Sydney[]

All the best,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228…[Read more]

I would do nothing if it was me. Concentrate on building the portfolio rather than jiggling it around at this stage.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a…[Read more]

If the funds were paid additional into a loan then redrawing them creates a new loan. The purpose of this loan determines deductibility. If for a PPOR then the answer is no.

If, however the additional funds were in an offset account then the original loan is preserved and the funds can be used as you wish.

This doesn’t help you.

Where it is…[Read more]

Ask the agent what that is as a % of his total rent roll.

I don’t know what would be an acceptable figure to you. perhaps 5% or less?

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you…[Read more]

36

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

I know someone getting 25% in a “capital guaranteed” fund atm.

Not too sure of the details but it is the sort of thing that isn’t publicly available.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation…[Read more]