Hi NM

Upper Kedron or Keppara not that much difference between the two.

Must admit strange suburb for someone in VIc to invest in .

Can i ask you what made you choose the area as it certainly wouldn’t be anywhere we would put any of our Vic clients into or i would personally buy into myself adding to portfolio.

Nice tree line suburb but…[Read more]

Yes Tanner is on the other side of the highway to Indooroopilly and sits underneath Mt Cootha.

We are on half an acre so a nice sized block.

I know Toowong very well and own a couple of block of units in both Toowong and Taringa (You can read my API interview on a recent Toowong development in the Feburary 2013 edition). I have owned the…[Read more]

I look at it as the same as my industry.

A lot of Brokers charge for their services and yet i don't. 

Don't have an issue as long as it is declared up front and the client is aware and is happy to proceed.

Of course if you were had two options and one of the tradesman charged and the other didn't you can probably guess with whom most clients…[Read more]

Tanner lived in Brisbane for nearly 17 years and no floods in Chapel Hill.

If you deal with someone who knows the area and carry out the right due diligence then you wont be buying in a flood area.

Cheers

Yours in Finance

Sad old sight over the Terry.

Maximum LVR 85% if you are lucky (odd exception where builders are trying to subsidise 10% on their own stock etc) and interest only loans almost a thing of the past.

Simple lending formula of 3 x main income + 1 x secondary for borrowing and even with housing rates at 2.5% – 3.75% things still can get moving.

For…[Read more]

Hi Tanner

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

Spent last week finishing of the exams for my full Real Estate License which will help with our new Buyers Agency arm.

Funnily enough i sat next to a guy who worked the Surfers Paradise area and he spent most of the telling me about the area.

Further falling values,…[Read more]

Ryan and boys hate to say that is proprietary information and is why JacM charges for her services.

Nothing in this world is free and i would certainly not expect her to spill here secrets on a public forum.

Cheers

Yours in Finance

Yes PG that's exactly right.

Just went to Contract on my first Commercial investment this afternoon being 6 shops, bit of resi and some vacant land for storage sheds and was offered a very good com rate by my Bank.

Cheers

Yours in Finance

Yes if it is anything like the UK there wont be anything like interest only loans in 10 years.

Cheers

Yours in Finance

Hi Taylor

As Corey said on the LVR but there are some attractive Commercial rates around at the moment especially on the fixed rate front which are down to the low residential rates.

Cheers

Yours in Finance

I agree why not post it for free and we can all benefit.

Steve provides the site for the benefit of all and not for members to make a quick quid.

Cheers

Yours in Finance

CGT is based on Contract date and not settlement date.

Also whether you can bring the settlement forward will depend on the co-operation of the seller who will need to agree to it.

He might be in the same boat.

Cheers

Yours in Finance

Hi Jack

Yes and he is a good lad to boot as well as being a bloody good accountant.

Cheers

Yours in Finance

Hi Jay

Which State is the property in ?

Cheers

Yours in Finance

Absolute rubbish Dan you can do an off the plan valuation at any stage.

Just get your Broker (and not one linked to the buiider or marketing company involved with the property) to order a new valuation thru a separate lender and see what they say.

If the purchase is subject to finance and in Qld it should be then you still have an out on finance…[Read more]

Hi Chetnik

If the property may well be an investment property in the future why wouldn't you borrow $800K from day 1.

Might not be able to incorporate an offset account with a 800K loan but certainly would be worth considering.

Cheers

Yours in Finance

Hi Dan

If you are based in Melbourne and the property is here in Qld i would be very concerned if the valuation is coming in low.

Classic marketing technique is to sell properties to out of towners especially here in Qld.

I actually ran a seminar on exactly this topic in Melbourne to investor clients recently.

Is you Contract subject to…[Read more]

Alternatives could also include

1. Taking on Option on the site.

2. Taking out a 100% loan .

Cheers

Yours in Finance

Yes in Vic you will need one.

Also remember in Vic Stamp duty is paid on the option premium.

Cheers

Yours in Finance

Simply use a lender that allows 2nd mortgage carry back.

Cheers

Yours in Finance