Luke,

In Australia it is possible depending upon the situation and the lender.

I am not sure about NZ properties.

Cheers,

Simon Macks
Finance Broker
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]

Can you tell us what you have found out and also perhaps let us know why you got cold feet over this deal?

Thanks mate and I hope it works out for you.

Simon Macks
Finance Broker
simon@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]

Whats the risk?

You mean the leverage?

Cheers,

Simon Macks
Finance Broker
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.

I disagree. Going to a higher LVR with LMI may well help you get what you need. It should be weighed up by the borrower and a decision made.

Cheers,

Simon Macks
Finance Broker
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…[Read more]

Without knowing what clauses you used and what state you are in the only thing I can suggest is that you call your solicitor tomorrow morning first thing and ask for some advice.

Hope it all works out,

Simon Macks
Finance Broker
simon@mortgagehunter.com.au
0425 228 985

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

ressy = residential.

Dazzling has moved onto the commercial property field [biggrin] I am looking to do the same.

Cheers,

Simon Macks
Finance Broker
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]

Employ a valuer.

See what properties similar have sold for.

Put it on the market and see what the offers are.

There’s three ideas.

Cheers,

Simon Macks
Finance Broker
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…[Read more]

Can you keep it and buy another one?

A popular starategy is buy and hold where properties are kept and used to fund additional places. Whilst the rent isn’t high Berwick might be a place where you will get steady CG?

Cheers,

Simon Macks
Finance Broker
simon@mortgagehunter.com.au
0425 228 985

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

What are the rates on those Steve?

Simon Macks
Finance Broker
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.

No advertising here Cata.

You might also need to check what qualifications and licences you need to hold before you start selling real estate deals to the public.

Perhaps newspaper advertising is the way? If you can source a high yield property then a classified ad in a Sydney paper might find investors that have given up finding a decent yield…[Read more]

I use Property Manager Pro and find it great.

Have yo utried the company? Even though it is outside warranty they may be happy to chat to you over the phone and resolve the issue.

Warranties are just bits of paper and I have usually found companies happy to stand by their products. I remember a Victorionox swiss watch I had trouble with -…[Read more]

If your goal is to pay it off quicker then that loan is fine.

You might be better to consider a longer term goal such as owning several properties and work towards that. In that case I would suggest paying IO and saving for your next deposit?

Some food for thought.

Cheers,

Simon Macks
Finance Broker
simon@mortgagehunter.com.au
0425 228…[Read more]

Think this through logically.

Why has it been tenantless? Ask a PM to take a look and they will very quickly tell you why.

If it is location then I would suggest you reconsider the purchase.

Maybe it is price? $10 pw less might see it tenanted?

Perhaps it is the condition? Some $ thrown at it might solve it?

It is great to think of things…[Read more]

A LODOC typically needs a 20% deposit (LVR 80%) whereas a NODOC will need a 35% deposit (LVR 65%).

Interest rates are now comparable with fulldoc loans in many instances. eg I have a LODOC/NODOC with a rate of 7.1%.

Hope this answers your question.

Simon Macks
Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be…[Read more]

Lighten up guys.

Thanks

Simon Macks
Finance Broker
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.

It is indeed a question of personal preference and comfort.

I would not be as comfortable to buy something I hadn’t seen myself though I have plenty of clients who do and do so very well.

It is up to you.

Simon Macks
Finance Broker
simon@mortgagehunter.com.au
0425 228 985

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

Thanks…..I think [biggrin]

Cheers,

Simon Macks
Finance Broker
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.

Sorry – I get the point. The trust will need to have profits generated to use the losses?

Is that the point?

Thanks

Simon Macks
Finance Broker
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…[Read more]

I am looking at a place atm in the 6th largest city in Australia that is pos cashflow. They are there is you look hard enough…

Cheers,

Simon Macks
Finance Broker
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]

Originally posted by JKM:
Sure, but this isn’t going to reduce his taxable income. I also don’t see how that will advance him with regards to his property portfolio

It wont? Surely claiming the interest on the home will decrease his tax bill?

I don’t advocate this approach and would suggest anyone considering it to seek professional…[Read more]