Total Members: 158,056

Richard Taylor

  • Richard Taylor‘s profile was updated 1 year, 2 months ago

  • Richard Taylor replied to the topic Foreclosure on property in the forum Finance 1 year, 2 months ago

    Charlie, You will need to contact lenders directly.

    As a Private Lender we unfortunately take possession of a number of properties where a debtor is unable to meet their interest committments.

    It is a requirement of the mortgagee in a MIP sale to ensure they receive a fair and reasonable price.

    There is no requirement to take the property to…[Read more]

  • Richard Taylor replied to the topic Lending help Development in the forum Help Needed! 1 year, 10 months ago

    Peter specialised area but we do a lot of development finance.

    In fact we do so much we even created our own Pooled Mortgage Fund which has just under 500M FUM.

    Cheers

     

    Yours in Finance

     

  • Hi Joestone

    Depending on the level of deposit you have access to then there are many non conforming lenders who could assist.

    Cheers

    Yours in Finance

  • Richard Taylor replied to the topic How to use equity in the forum Finance 2 years, 1 month ago

    Hi Dean

    Just remember unless your Financial Planner is licensed he cannot provide you with Credit Advice,

    Shoot me an email and I can reply with the article in PDF format.

    Cheers

     

    Yours in Finance

     

     

  • Richard Taylor‘s profile was updated 2 years, 1 month ago

  • Richard Taylor replied to the topic How to use equity in the forum Finance 2 years, 1 month ago

    Hi Dean

    Welcome to the forum and i hope you enjoy your time with us.

    Many other considerations other than just the deposit split but yes subject to the lender you would be able to access > 20% from the equity in your own home. Apart from structure and maximising the interest deductions you also need to think about whether this purchase is a one…[Read more]

  • Richard Taylor replied to the topic Lending leniency in the forum Finance 2 years, 2 months ago

    Youe rental income will be shaded and your loan repayments sensitised so irrespective of what you receive or repay lenders will use totally different figures.

    Cheers

     

    Yours in Finance

  • Richard Taylor replied to the topic Lending leniency in the forum Finance 2 years, 2 months ago

    You rental income will be shaded and your loan sensitised so irrespective of what you receive or repay lenders will use totally different figures.

    Cheers

     

    Yours in Finance

  • Richard Taylor replied to the topic Investing in Australia Property as a Foreigner in the forum General Property 2 years, 2 months ago

    Hi, there welcome to the forum.

    Hope this helps.

    What are the rules for non-residents buying property in Australia?
    Australia’s buoyant residential property market, economic stability, natural beauty and favourable climate have made it an attractive destination for international real estate investors.

    However, the rules for non-residents b…[Read more]

  • Richard Taylor replied to the topic What are the best investment options? in the forum Finance 2 years, 5 months ago

    You could also invest in the casino and probably have more chance of a return that trading Forex.

    I own http://www.ascf.com.au and as Australia’s largest Private Lender we offer a reasonable return for investors.

    Cheers

    Yours in Finance

  • Richard Taylor replied to the topic property syndicate in the forum General Property 2 years, 5 months ago

    First thing i would ask any prospective organisation you intend to invest with is:

    1) Do you hold an AFSL?

    2) Do you have an Insurance to protect investors funds.

    3) Are you a member of AFCA.

    If the answer is no to any of these then i would be wary.

    I own http://www.ascf.com.au and as Australia’s largest Private lender we certainly could answer Yes…[Read more]

  • Richard Taylor replied to the topic Home Loan Borrowing using Trust in the forum Finance 2 years, 6 months ago

    Really, maybe it was the lender you went thru as many lenders understand the structure and for a good broker it is second nature.

    Cheers

     

    Yours in Finance

  • Richard Taylor replied to the topic Debt recycling in the forum Finance 2 years, 6 months ago

    Hi Wan

    Yes it makes sense assuming you dont require access to the cash funds.

    You could always do say 100K interest only with 100K in the offset and a secondary loan split for the rest.

    In saying that CBA would have to be one of the least attractive lender for such a strategy.

    We do a lot of debt recycling for clients and would never use CBA…[Read more]

  • Richard Taylor replied to the topic Interest only loan with offset account in the forum Finance 2 years, 6 months ago

    Hi Wan0151

    I think what your Bank should have said is “We dont offer such a product”

    Yes IO with offset account definitely exists and we do a number of deals each week for other investors.

    Sounds to me like you a good broker to restructure the deal for you.

    Cheers

    Yours in Finance

  • Richard Taylor replied to the topic Switching ip to interest only assessment in the forum Finance 2 years, 8 months ago

    Hi Dandare

    I am sorry i dont agree that their is any can of worms to open up.

    David has replied to your post so why not hit him up and get him to run some servicing numbers for you with both your current lender and others.

    A better deal could be round the corner and your existing lender is not going to shout out and tell you.

    Cheers

     

    Yours…[Read more]

  • Richard Taylor replied to the topic Land purchase in the forum Finance 2 years, 8 months ago

    Hi TPD

    Ok noted and understood. Not sure you will find any JV partner to come on board with that little skin in the game.

    We do a lot of JV deals as investors but far too skinny for us.

    Good luck. I am assuming there are reasons why you dont do the deal yourself with development style funding.

    Cheers

     

    Yours in Finance

  • Richard Taylor replied to the topic Land purchase in the forum Finance 2 years, 8 months ago

    Hi Tinpot

    So to clarify you have the costs to acquire the site (stamp duty etc) and cover the subdivision costs but require 90% of the purchase price ?

    What other security are you offering i.e 2RM on your own property etc.

    Cheers

     

    Yours in Finance

  • Richard Taylor replied to the topic Buyers agent for development property in the forum Help Needed! 2 years, 9 months ago

    I am selling a waterfront site for 3 x 3 storey townhouses at Paradise Point on the GC as i have too many other projects closer to hand.

    If it is something you are interested in prior to formally listing it next week let me know.

    Cheers

    Yours in Finance

  • Richard Taylor replied to the topic How to Get Verified Business Loans In Australia in the forum Finance 2 years, 9 months ago

    If it is all the same i would prefer to deal with a Licensed Private lender with full AFCA membership rather than a broker.

    Cheers

     

    Yours in Finance

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Richard Taylor

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