Hi Michael

We structure our VF sales in a variety of ways depending on the Term required but traditionally it would be over up 25 years at a variable rate of circa 6-6.5%.

It doesn’t worry me how many people purchase the property so you could look at doing it as 4 x individuals or each of you owning a share in Corporate Trustee.

Structure is…[Read more]

No nothing at $100K. Do have a property I am selling on VF for $127.5K which is rented at $190 / week to the same Tenant who has been there for the last few years and wants to stay forever.

Requiring $10k down on that property plus legals.

Cheers

Yours in Finance

Agree with Adrian.

With all of our deals we would want to see a lot more than 1K deposit as it wouldn’t even cover our set up costs.

Cheers

Yours in Finance

How much deposit do you have too put down ?

Yours in Finance

CCR has been with us since April 2014 and to date nothing has changed.

Firstly lenders are not committed to the new system and don’t have to record information.

Secondly even though it might help in getting a personal loan lenders in this market still need to show servicing and that is getting tougher by the day.

Cheers

Yours in Finance

Agree with Benny a lot of the Development Fund schemes have proved to be Ponzi schemes.

Then you have the associated risks with any development.

We run an ASIC approved Mortgage Trust which offers investors a monthly income based on their investment term but don’t lend to Property Developers.

Have to say we don’t pay anywhere near 5% / month…[Read more]

Hate to say without servicing a excellent credit score will have zero sway to a lender.

Cheers

Yours in Finance

Normally no but depending on how bad.

Coming from the UK myself we have financed 1001 UK citizens and never had a problem.

Cheers

Yours in Finance

Hi Adam

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

Yes no reason why you shouldn’t be able to get Finance on a 457.

Cheers

Yours in Finance

Mark, not convinced i would ever recommend a client buy 5 x 1 bedroom units giving the net returns after all costs.

They would better off to buy a single property with good capital growth prospects, invest some of the Funds in a Mortgage Trust and use the added return to pay down the mortgage.

Cheers

Yours in Finance

We use Blevins Franks for all of European purchases.

If they can’t help they can certainly put you onto someone.

Speak to Dean should remember me.

Cheers

Yours in Finance

Hi David

What exactly are you needing from a FP ?

Is it more on the advice side of the equasion or are you wanting information on the Accounting and regulatory requirements such as Auditing etc.

Let us know and we can direct you accordingly.

Cheers

Yours in Finance

Hi Propertyboy

No Visa is required for a Non Resident to purchase a property in Australia however approval is required from the Foreign Investment Review Board.

Until recently the Developer could have the property approved however this has changed and now the individual buyer needs to make the application and pay the required fee.

In saying…[Read more]

Hi Propertyboy

No Visa is required for a Non Resident to purchase a property in Australia however approval is required from the Foreign Investment Review Board.

Until recently the Developer could have the property approved however this has changed and now the individual buyer needs to make the application and pay the required fee.

In saying…[Read more]

Without the ability to pay the loan back it would be a breach of the nccp act for a lender to lender you money.

Not quite correct as NCCP only applied where the term of the loan is more than 62 days.

We do a lot of short term private loans where the borrower has a clear exit strategy but on paper does not appear to have sufficient income to…[Read more]

Hi Steven

A Honeymoon product is 1 with a discounted rate for say the first 12 months and then reverts to the standard rate the lender charges.

This is not the case with Resimac.

Cheers

Yours in Finance

Steven,

Horizon is the Resimac product that comes with an Annual fee of $295 and has a 10bps discount to the Standard product.

Where the loan is greater than say $300K it is worth it.

It is a not a honeymoon product.

Cheers

Yours in Finance

Steven,

Horizon is the product that comes with an Annual fee of $295 and has a 10bps discount to the Standard product.

Where the loan is greater than say $300K it is worth it.

It is a not a honeymoon product.

Cheers

Yours in Finance