Hi London

Assuming you are a resident of Australia how did you intend to finance such acquisition.

There is only 1 UK lender left who will finance deals to non residents even if they are UK Passport holders and their terms and conditions are extremely tough to meet.

Cheers

Yours in Finance

Catts has in 1.

It is aimed at the investor who wants a hassle free investment and doesn't mind paying for it.

Cheers

Yours in Finance

DK wont be an issue claiming the interest on a personal loan if the funds are for investment however in response to Pagey's question you will not find anyone offer a 70K personal loan without substantial equity.

We are doing a lot of deals at the moment for clients who are looking at renovating where the loan comes with a 20k credit card which…[Read more]

HI Harry

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

Whilst you idea is a good hate to say you wont be able to do as it would require the consent of all other owners to reconfigure the Lots to allow for a further unit.
Each Lot has an entitlement and you cannot create an addition Lot without consent of not only the owner but…[Read more]

On a separate issue are you sure you can get a 95% lvr in Chinchilla?

Done a few deals up there and must admit off the top of my head didn't think the MI would go past 90%.

Certainly if it is Gemworth they wont be doing in interest only these days.

Course always happy to be proved wrong by 95% in a Trust structure call me old fashioned or what…[Read more]

Hi Maloose

Funny you are not the first overseas forum member who has posted such a question over the last few weeks.

We have a couple other Expats member we are sourcing / financing investment properties for who are in the same position and my advice to them has been similar.

Preserve as much of your current capital as you can and look at a 90%…[Read more]

Matt a $200 positive gearing i assume that is per month.

Are you sure it is not a Display home with a leaseback arrangement or similar and if not you must be putting in a decent sized deposit.
Are you sure you want to put that much in ?

Remember over and above the cash deductions you will also receive non cash deductions you can claim such as…[Read more]

Hi Laura

Can i ask you what you are wanting from your Accountant.

Remember he is unable to provide you with Credit advice or Financial Planning advice unless he is Licensed to do so.

Sure he can give you some information on Tax structures etc but if you can't borrow the money or get the right loan structure it really doesn't…[Read more]

Hi Jared

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

Regret to say neither of the mortgage insurers will provide cover on such security so i hate to say you wont get more than 80% lvr.

To be honest depending on the actual size of the property i am surprised you have had anyone offer you more than circa 60%.

Cheers

Yours in Finance

Havinfun because there is no one else out there with the appetite for the risk.

Cheers

Yours in Finance

Hi Steve

You are welcome to ring / email me mate and be happy to assist.

Have to say i wouldn't use Wesuck if they were the last lender on the planet as their serviceability and credit models are a joke for investors.

What you have to remember is to build a portfolio there is more important things to consider than the bottom line interest…[Read more]

Stevo stevo stevo hold right that my man.

Are you telling me you are going to tell me you have a non deductible debt and are going to put in cash to your new IP. ……hopefully not.

Pay down the PPOR debt by 30K and then take out a separate IP equity loan for the same amount. Now you have $30K of deductible interest each and every year.

Now in…[Read more]

Sorry guys i have 1 or 2 properties in the Brisbane area and as Darryl mentioned for 300K you will be lucky to buy a garden shed let alone a decent IP 5-6 km's from the City.

We struggle to source properties in that price range for our clients anywhere with the exception of the South & North of the City.

Cheers

Yours in Finance

Hi Achawk

Hate to say the issue is not that simple.

They cannot have the Title in their name and you pay the mortgage unless they can support the entire loan themselves thru their serviceability.

If the property is then sold in say 2-7 years they would incur the CGT on the partial or full sale to you.

You could look at a Rent to Own situation…[Read more]

Hi Stenno

Depending on the location of the property an 80% lvr maybe possible even though it is a DHA home but remember lenders lend against purchase price of valuation whichever is the lower.

Just done a couple of SMSF loans for forum clients buying DHA and the valuations came back lower than the purchase price so be ready for that.

Also…[Read more]

Hi Munz

There are a couple of ways around depending on how the property is held.

You could look to sell the property or buy the property from your spouse if it jointly owned or alternatively look to sell the property to a Unit Trust structure if owned solely.

Regretfully there will be some stamp duty payable but dependant on your marginal Tax…[Read more]

ASB hate to say you cant do Non related loan to the Corporate Trustee you need to do it to the Security Trustee.

Cheers

Yours in Finance

Hi Aus

No regretfully SISA legislation requires a single Asset to be secured by the borrowings.

i have a Commercial SMSF loan application going thru for a forum member who is buying 3 separate commercial offices and the lender is having to do 3 separate valuations.

Not sure which lender you are dealing with but in the main you can go down…[Read more]

Almost right guys the Crown has ultimate rights to recoup Land tax etc and then the Local Council for Rates and then the registered mortgagees starting at number 1 and moving downwards in the pecking order.

Cheers

Yours in Finance

Mark i think what you will rent in Brisbane for $700 -$800 a week will be bit better in quality that the sort of property you would VF for the same weekly payment

Cheers

Yours in Finance