Thanks for the response. It is greatly appreciated. As this is a PPOR i has not put much thought into the structure as i would of had it been a IP but just goes to show you need just as much thought.

Regards

Neil Harrison

True, I have two weeks before settlement so hard to change things now but out of interest and curiosity what would be the other options? Are there better options and if so why / what makes them better?

Regards

Neil

Am unsure i fully understand your comment. The only two options are Joint Tenant or Tenant in Common neither of which have been chosen yet so unsure why it’s too late now?

Regards

Neil

Thanks for the response. I was not aware the % was not adjustable so thanks for the heads up. Is there any thing else you can think of that I may be missing? Pros and Cons between each one?

Thanks

Neil

I am just about to settle on a piece of land to build our PPOR which may or may not become a future IP. I’m looking to get the initial structure setup correctly from day one and leaning towards Tenants in Common as i can adjust the % split between us depending on future income levels. My question is I don’t know what i don’t know so unsure…[Read more]

I am looking for any recommendations on a local Sunshine Coast Property Solicitor or possibly a Brisbane one if the distance is not too great. I am looking for someone who possibly has a property investing background

Regards

Thanks for the comments, can I presume that the 30 day settlement puts more pressure on the Solicitor than the bank / mortgage provider? If so have you got any recommendations regarding solicitors. I am based on the Sunshine Coast but don’t think that’s much of an Issue if they are not or is it? Is a finance clause at 21 days…[Read more]

Have yet to speak to him about it. Only just seen the house so thought id do some digging around this evening before I spoke with him tomorrow. Having said that I also spoke with you some time back regarding a mortgage and you somehow slipped my mind so could also deal with you :)

So i am correct in saying then that the 30 days kicks in…[Read more]

Being a newbie I am looking for advice on a house I am about to put an offer in on. I am considering putting in a 30 day settlement as the property is currently vacant and think this may be a nice sweetener to the deal. I am not pre approved for finance however having spoken with my broker I should have no issues. Deposit sitting in bank…[Read more]

Have dropped you an e-mail

Thanks

Sadly face to face would be somewhat difficult. I am currently based on the Sunshine Coast. Do you have anyone local that you could suggest. Am also looking for someone to deal with long term as i get more involved in SMSF / Property Purchasing / Trusts ect

Regards

Thanks for the response. I do indeed have children. I would want all to go to my wife or visa versa however if something were to happen to either of us split 50/50 between my two kids. Is this something that can be done over the phone with yourself ?

Regards

I also agree with your statement but think my final plan will be too pronged. I think i am leaning towards buying new builds as part of the long term property plan and older properties with renovation potential in the short term. Ideally looking for properties that will allow for some profit after a renovation but ideally subdivision…[Read more]

Thanks too for your input. As stated above i agree with Mark from an investment point that there are more pro's for a new build but like you I will more than likely purchase an older house for our PPOR as will give us more flexibility with regards to expansion / renovation / subdivision

Regards

Thank you so much for the very detailed response. Put things in a much clearer format for me to understand. At this point i think the New build offers more pro's and will more likely be my starting point. I may still consider an older property later on as my PPOR as looking for something i can stamp with my own identity and grow into, also…[Read more]

Thanks for the response. All makes sense now

Regards

Thanks for the response. I have spoken with you a few times before with regards to serviceability so i already know my limit. Was wondering if there was a way to increase it by not including her but did not realize they would increase my dependents by 1

Thanks for the assistance

Regards

Thanks for the heads up

Thanks, had seem him around here before so will get in contact with him

Regards

Thanks very much for the heads up. As i mentioned further up the chain i am now considering tackling this from a different perspective. Possibly along the lines of Buying some land, building a PPOR so as to benefit from the FHOG of $15K (too great to ignore). Possibly structure the loan as an interest only with offset account. Pay all…[Read more]

Thanks very much for the quick response. I am based on Sunshine Coast so will need to investigate further. Had hoped that with extra rooms being under same roof it may make the process easier as am aware Granny Flats seem to be frowned upon. Why fails me given the tight housing market!!

Regards