Hi Rudra

I will assume you have done the numbers and maximised all of your deductions and minimised all of your expenditure.

Without any equity available (And again assume there is nothing you can squeeze out) you are going to be fairly limited.

Even buying a property for say $300K in SE Qld is going to normally require a minimum of around $32k…[Read more]

Hi Robyn

Sorry to come in late again in the train of posts but being in the UK still means we are a little behind in time.

I have to say to you do not under any circumstances proceed with the Westpac refinance on the terms set out as clearly the advice you have been given is extremely inaccurate and could prove expensive in the long term.

In…[Read more]

Fully understand.

Look forward to hearing from you.

Cheers

Yours in Finance

Exactly Paul and that will be $3000 for that pearl of wisdom.

Cheers

Yours in Finance

Jack why not have a look at the Options market Jack instead of the Futures market.

Just find it doesn't give me so many grey hairs especially the US Options market with each Contract being only 100 shares.

Cheers

Yours in Finance

In addition to a Building Inspection remember in most cases your lender will undertake a valuation on the property and they certainly wont be advancing funds if they don't feel it is worth the property provides them with suitable security.

Cheers

Yours in Finance

Hi Tinim

Which State are the properties located ?

Cheers

Yours in Finance

You and me both Cube.

Difference could be the commission the introducer is receiving.

Cheers

Yours in Finance

Mat, firstly welcome to the forum and I hope your time with us.

I always apply the same logic when making an offer on any new property and that is to accept the deal is a investment and if you miss out there will always be another opportunity.

Set yourself an upper limit and try not to go above it.

If you make an offer at $170K with an upper…[Read more]

Mat, firstly welcome to the forum and I hope your time with us.

I always apply the same logic when making an offer on any new property and that is to accept the deal is a investment and if you miss out there will always be another opportunity.

Set yourself an upper limit and try not to go above it.

If you make an offer at $170K with an upper…[Read more]

AT, definitely explore an equity loan as the rate will certainly be cheaper than a LOC.

In regards to your current IP if you are thinking about selling it and the Tenant does not have a decent deposit remember you could always increase your cash flow (use the additional funds to pay down your PPOR) by looking to offer the property to him on…[Read more]

Hi Bilbo

The Residential Tenancies Authority will be able to provide you with some documentation which should suit your purposes.

http://www.rta.qld.gov.au

Cheers

Yours in Finance

Thanks Jamie appreciate the wrap.

Dell i am in the UK for another 10 days but be more than happy to buy you a cuppa and sit down and work thru some of your questions

Fllck me an email and we can pencil in a date / time to suit.

Cheers

Yours in Finance

Jack you told me you hired out your Police uniform at weekends for fancy dress parties to increase serviceability.

Ohhhppps maybe i shouldn't have said that in case the Commission is a new member. 

Cheers

Yours in Finance

Yes as Paul mentioned a 20% carry back makes life easier although at 5% there is still one lender / mortgage insurer that will allow non genuine savings at that lvr.

Course to cover any acquisition costs you might need to make it a 95% lend and a 10% carry back.

Cheers

Yours in Finance

I am slightly biased and whilst i have a lot of my properties outside Super am a big fan of SMSF and think they are a great vehicle for Asset accumulation.

With the amount you have i can't see why you can do both.

Also remember if you decide to sell a property inside your SMSF prior to retirement and have held the property for more than 365 days…[Read more]

What would you be looking to buy the property off the investor for so we can calculate the potential profit return.

Cheers

Yours in Finance

Gemma

In the main lenders do apply a 20% increase of the prior year income rather than merely take an average of the last 2 years figures however in saying that we deal with a couple of lenders that merely take the latest years figures.

On that basis and all other factors being equal the Guarantee could be released with the right…[Read more]

Hi S

Shoot me an email and i can send you a PDF copy of the article.

Sign up for the Property Know How Club meetings and come along as i will be talking at the meetings.

Trust me after a month in the UK on holiday i am champing to get back to Brisbane and back to work.

Johann, thankfully there is limit of how many pairs of shoes you can get in…[Read more]

Hi Tin

Yes i do but remember no lender is going to give your potential buyer Unconditional Approval on an OTP property as it will always be subject to as final valuation.

Happy to help out.

Cheers

Yours in Finance