Hi Craig

Who valued the property ?

If it was your Bank have you thought about getting a separate valuation from another lender.

Had one last week for a forum member which came up by $80,000 on a second valuation compared to his own lenders figure.

Cheers

Yours in Finance

Agree with you Andrew.

Sure will be having my Call Option contract updated as i think there will be some excellent buying.

Cheers

Yours in Finance 

Mick

Feel free to shoot me an email and i can send over my Ebook i wrote last year on SMSF.

Yes agree with Shahin last one we set up thru our Financial Planning Licensee they charged $2200.

SGB is certainly one of the leaders in the SMSF sphere but with lenders launching new product each day matter of reviewing each deal prior to…[Read more]

Hi Eric

Hate to say if your lender does not offer an offset account on a fixed rate and the funds will eventually be used for a PPOR (if they would be used for investment you could possible utilise a redraw feature) there is very little you can do.

Probably best to look at placing the funds on a Term Deposit in the name of lowest Tax payer and…[Read more]

The flood issue is very true however i have to say the biggest issue is the finance issue.

I have had 2 previous forum clients look at the property however the biggest issue was finance.

Given the cash / equity amount you would need to contribute the return seems to dimnish.

Cheers

Yours in Finance

Have to disagree i love 1 bedroom units however find that often you cannot buy them cheap enough.

I own a block of 18 units in Brisbane with 4 of them 1 bedroom and the rate of return is far better than the 14 x 2 bedroom units.

In saying that i prefer to own and control the whole block rather than a single unit within the…[Read more]

Hi Andrew

In my experience such NRAS recommendation would not be in Brisbane as i have not see one that has valued up here.

Done a few in Sydney which have seemed to have provide good investments for the purchaser.

Cheers

Yours in Finance

Yes there is no trouble in making multiple offers as don't forget the seller has to accept them.

Depending on which State the property is going to be in you should consider getting a Solicitor to draw up your Special Conditions.

If you are making multiple offers then i would ensure that each offer has a limited time frame and requires acceptance…[Read more]

Hi Newcastle

No i don't think you are over estimating your returns at all.

Of course just because the Gross rate of return equals 6-7% it doesn't not mean the property will not cost you $$$ to hold. 

I think you need to add additional analysis to your criteria to make sure the investment property is suitable.

Cheers

Yours in…[Read more]

Rents increased by 30% over night as landlords had to make up the net cash shortfall from elsewhere.

If of course your properties are positively geared then really not going to make much difference to you but certainly make a difference to the tenants pocket.

Cheers

Yours in Finance

Hi Mik

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

There are many differing scenarious and structures i would suggest but would need a lot more information to enable me to provide a more accurate answer.

I have a couple of forum clients who are doing exactly the same and to be honest once we received additional information the…[Read more]

Hi Matty

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

I am not sure whether i have read your post correctly but you cannot have the loan in 2 names and the mortgage documents iin one name whichever you go to. The loan and mortgage documents will be in the same name.

There is however no reason why the Title cannot be in 1…[Read more]

Thanks Darren enjoyed the read very helpful and useful to polish up on the forthcoming changes.

Will definitely be in touch in the year.

Cheers

Yours in Finance

Heh Jac

Looking at your handle photo reminds me of a property I looked at in the UK last week.

Was around 21 Sq M and i think it was marketed as a 2 bedroom house lol.

Cheers

Yours in Finance

Course one of the best ways to reduce your PPOR repayments is to reduce the actual loan balance.

Often investing and getting a better investment rate of return than the borrowing rate you are being charged can produce excellent results.

Make a provision for CGT from your profit and place the balance in your offset account.

Cheers

Yours in Finance

Hi JT7

Do you think i should be putting up my hourly rate up from 1 x latte per hour then ?

We will be coming to Sydney with the Property Know How Club so look forward to meeting as many members as we can over the year.

Cheers

Yours in Finance

Hi Robbo

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

Not sure which State you are in but in the main the concept is the same for every location.

I certainly wouldn't be putting you father in the Title due to the added Stamp Duty Costs (as you mentioned) but also due to the potential CGT your parents would…[Read more]

I have written an article on just this subject in the February edition of the API magazine.

Personally done around 40 separate Strata Title blocks in Brisbane since 1997 everything from a 4 pack to a 24 block in New Farm.

Darren at RPI has given you a pretty good break down of costs.

Cheers

Yours in Finance

I have to say i can understand why some lenders would not consider the application under a residential lending policy as they would deem it more development in nature.

In saying this i have dozens of forum clients who do exactly this and we have never had an issue.

A couple of lenders we deal with are totally aware what we / client is trying to…[Read more]

Given that the NCCP legislation didn't come in until 2011 this would have still been possible in 2010.

Cheers

Yours in Finance