No issues on obtaining possession on investment properties in Australia as a lender (trust me we have a number of matters going thru).

In SA at the moment taking a little longer to get possession of owner occupied properties and AFCA are becoming more lenient (if you are a member, which we are) but other than that no real difference.

Bankcruptcy…[Read more]

In the main agree with Terry on servicing but number of provisions under NCCP where this is not required even in if buying in a personal name.

Would need a lot more data but on the surface could be done.

Cheers

Yours in Finance

It is illegal to offer Vendor Finance now in Victoria outside Rural areas and for properties over 750K so you wont find anyone.

Cheers

Yours in Finance

It is illegal to offer Vendor Finance now in Victoria outside Rural areas so you wont find anyone.

Cheers

Yours in Finance

It is illegal to offer Vendor Finance now in Victoria outside Rural areas so you wont find anyone.

Cheers

Yours in Finance

Hi ClancyFish

Can i ask what area you current live in and how old you are.

I live up at Noosa and I can tell you the houses are a lot more than $1.4M so will depend on which part of the SC you are referring to.

Depending on you age you maybe able to consider a Reverse Mortgage and release some additional equity by way of either a lump sum or…[Read more]

Hi Pritchard

Which State was the property located where they piut the Caveat on ?

Cheers

Yours in Finance

None that i am aware off.

We were looking for similar about 6 years ago so made an application for a full Retail AFSL and 18 months and $1.5M later we started ASCF.

We now have just over 400M in FUM and get asked the same question daily from potential investors and developers.

Cheers

Yours in Finance

Hi Ben

If you use 25K of your 100K deposit for other investments and there is no additional borrowing on the other investment it will not effect any finance application.

Cheers

Yours in Finance

Hi Ben

If you use 25K of your 100K deposit for other investments and there is no additinal borrowing on the other investment it will not effect any finance application.

Cheers

Yours in Finance

Hi Deepanshu

Yes I have done 100’s of VF deals in the past and built my portfolio using VF as a cash flow to pay down my long term buy and holds.

We provide a VF component to First Home buyers and investors here in Qld.

Course if you are thinking of offering VF to potential buyers in the course of business you are required to hold an Australian…[Read more]

Hi Zane

It will depend whether you need to utilise the 10K from Super to complete your home purchase.

If you have separate savings to demonstrate that this is not required i believed it can be done.

Cheers

Yours in Finance

Precisely….. so can be used for the next purchase if required.

Cheers

Yours in Finance

Hi Jaxon

So from my understanding previous incentives get paid when the build/purchase goes ahead and you wouldn’t be able to use for another property as they are usually part of the purchase

No that is incorect there is no requirement to have the Grant payable to the Builder/Lender you can certainly have it paid to you personally and use it o…[Read more]

Dont worry Terry we have explained to KKaur that a Commercial loan could be done in personal names.

We have also been advised that she was unable to get 7 individual contracts or indeed 1 of 4 Units and 1 of 3 Units.

As a consequence we advised her 65% maximum lvr on a block of 7 given the regional location.

Cheers

Yours in FInance

Hi Bec

Assuming you qualify for the Qld Grant you would receive the $15,000 plus a further $25,000 if you buy an off the plan property (Contract dated post 4th June 2020) or buy land and sign a building contract within prior to Dec 31 2020 which comenced within 3 months. If you decide to buy in a qualifying regional area you would qualify for a…[Read more]

Scott, you do sound like you are on the right path.

Feel free to shoot me an email and i can send you an article i did with the API magazine and how i built my property empire.

Some of the strategies may have changed over time but the concept is still the same.

The loan structure going forward is important in order to maximise your…[Read more]

Kkaur, Treated as a Commercial loan so you will be back to 65-70% Max lvr.

Location will be important as if regional will be less than that.

Unlikely they are going to allow split contracts so going to need to be funded inline.

Would need a little more information to give you a more accurate indication as to fees, rate etc.

Cheers

Yours in…