You shouldn’t compare what you want in a property to be the standard to what a rental property needs to be.

Get a PM to come through with you to make the minimal changes to have the property rented quickly and for a suitable amount. Understand that a coat of paint and a new stove will be cheap and get you a good rent rise. A new bathroom and…[Read more]

Hannah,

If you earn enough and have a suitable deposit then you will have no problems.

I have done several expat deals in the last month and there are some lenders better than others [biggrin] This is the case for all the different borrower scenarios tho so don’t let it worry you.

Find yourself an experienced broker who has done this before…[Read more]

Cameron is quite correct in that transferring to a trust can change the home to an IP and make the new loan deductible.

However some states allow for the transfer of title between spouses with no stamp duty – call your Office of State Revenue or it’s equivalent.

This means you can “sell” the house to your wife. She can borrow 100% + costs and…[Read more]

I manage a local property with 5 tenants – I gave them all my BSB and Account Number. No problems to date,

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

I heard this was happening in rural Australia during the boom. Houses were let to mates at inflated rates then sold to Investors on yield….

All the best

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

I live in Newcastle at present whilst my wife studies medicine here. She is nearly finished but we like it so much we will stay for a while.

My strategy dictates that I buy where I have well researched – to date this is my backyard and there is no shortage of deals here.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @…[Read more]

It varies depending upon the LVR.

Ask your lender to check it for you.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@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…[Read more]

Is there an option to leave it as it is and take the rent each week and use the equity to buy other IP’s?

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

One person can get it.

If all three people are on title then the other two lose it forever.

Without knowing what you wish to achieve I can make no suggestions.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

Did you mean 0% Steve?

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@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.

Jason,

I don’t know of anyone who has had this happen to them.

I think it might be one of those really unlikely issues that really isn’t worth wasting concern on.

Perhaps your landlords insurance can pick up the slack?

I am sure your world won’t come crashing down after a few weeks lost rent – if it might then I suggest you are sailing too…[Read more]

Originally posted by Cata:
I recently found a managed fund that paid 13.5% in August.
Yes 13.5% in one month.

I might stick my million there.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

That MF pays a distribution every month?

Or was it an annual distribution paid in August?

Which one is it?

Even if the return is 13%…[Read more]

Dr X,

How do you know they are not reading and posting in here?

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@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]

Speak to a broker who specialises in this sort of lending.

I am sorry but there is not enough info on your post for anything more concrete than that.

If you approach banks for your development project you may find it quite discouraging – this is where a good commercial broker will come into his own.

Cheers,

Simon Macks
Residential and…[Read more]

Never heard of them – do you have more info.

Invariably these buying groups make their money from fees for the buyer or loading prices for property paid by the buyer. Either way you are paying for their service.

You need to ascertain whether the value they bring to the table is worth it to you. If you are very inexperienced or busy then they…[Read more]

Because part of your home is now income producing – it means you have to proportionally pay CGT as well.

Do a search on the ATO site and you will see it all in black and white (or whatever colours they use!).

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228…[Read more]

You can treat the home similar to an IP except only claiming a % of costs according to the % use of the house is for your business.

Think hard before doing it as it also compromises your CGT exemption when it is time to sell.

I suggest you speak to your accountant before making a decision.

Cheers,

Simon Macks
Residential and Commercial…[Read more]

I know a terrific one – has looked after friends of mine very well.

Please drop me an email and I can forward to him if you like.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

It really depends on your deposit.

If you can settle with a 70% loan then anything is possible.

Alternatively can you source some money elsewhere? Family or friends?

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

Don’t get a Real Estate Agents appraisal.

Their main agenda will be to get the listing – even better if you are the buyer – they get paid for nothing.

They will attempt to convince the sellers that they are better selling it on the open market.

Their appraisals are also not valuations – just an opinion of what they think they can sell the…[Read more]