Hi Gemma

It is also possible to subdivide / strata title a property owning the entirely property in your SMSF.

Cheers

Yours in Finance

Hi MK

It is exactly as Nigel has pointed out.

You can use a Line of Credit or what i tend to prefer or an equity loan as the rate of interest is usually cheaper.

As the equity loan is set up as a separate loan and interest only charged once you utilise the funds the repayment on your PPOR loan is uneffected.

Just make sure your Broker / Banker…[Read more]

Hi Donovan

Hate to say no you wont find too many books available as the current Superannuation legislation as it is ever changing.

I have just written an article for a Financial Planning magazine on some of the do's and don'ts of Superannuation can certainly email you a copy once i get back to Brisbane.

It covers areas like renovation, repairs,…[Read more]

Donovan it is for this reason i suggested you consider a SMSF.

Cheers

Yours in Finance

Hi Paul

Yes almost a matter of getting what you dont pay for lol

Cheers

Yours in Finance

Hi Ross

Hard to know what Westpac will do as it is not their normal policy.

Normally i would say No but push them for a rate discount under the Pro pack using a DFT.
If not we can do it elsewhere.

Yes we can do an Industrial unit and the lvr will depend on whether it is owner occupied or investment.
Certainly for a cheaper rate of interest and…[Read more]

I think it all depends on what you want to do and the property itself/

Last couple of deals i have done have been complete renovation of a block of units which has involved a little more than a bathroom and kitchen upgrade.

Details of a deal i did earlier in 2012 (with actual numbers) is featured in the Jan / Feb edition of the API…[Read more]

Remember your Cost Base might need to be adjusted by the amount of any Capital Allowance you have claimed already whilst the property was rented out.

Cheers

Yours in Finance

No dramas Sandra just responded.

Cheers

Yours in Finance

Hi Donovan

Just shot you an email with a copy of my SMSF ebook you were enquiring about in your other post.

In relation to the way forward i think you need to decide whether you want cash flow or capital growth in regards to an individual property acqusition or whether you want to pool the funds and look at a development project with others or…[Read more]

Hi Donovan

If you shoot me an email i will send you an Ebook i wrote on the subject.

Cheers

Yours in Finance

Hi Mgsendon

The set up you have currently is par for the course and what we normally recommend to our clients.

I would however suggest a Interest only equity loan rather than a LOC as the interest rate would be cheaper.

Secondly if you intend to use a separate lender the loans will not be cross collateteralised anyway so no issues there.

If…[Read more]

Totally agree Ben had a long running arguement with an Qld Accountant recently who had told our mutual client who was buying in Qld to put the Contract in the name of the Super Fund and wouldn't budge on that.

We spent 3 weeks telling him he was incorrect and then 2 weeks before settlement he listened and we got the Contract amended and somehow…[Read more]

No gets better Terry they had the 2 properties crossed but they told him that even though he had 110% borrowings the loans wouldn't be crossed going forward.

Must be magic.

Cheers

Yours in Finance

Terry totally agree.

I have a couple of deals i have done for forum members where before i left for the UK we had the loans approved, loan documents issued and then 2 days before Settlement their existing Bank said we will cut the rate by 10 bps if you stay with us after all.

They have decided not to proceed after all.

As it happens post the…[Read more]

Hi Ross

Yes it is possible to do the loan at a 90% lvr although if it is done as a standalone deal the LMI might be fairly expensive.

If you are intending to keep the properties long term then might be an idea to do it as a residential loan rather than a Commercial loan as the rate and set up costs will be cheaper.

Have to remember many lenders…[Read more]

Dan there has been similar models with no branch or franchise networks before and they didn't survive either.

As i say i actually encourage such competition as so many client's realise what little they get in the way of structured loan planning from such organisations.

Cheers

Yours in Finance

Hi Lesham

Depending on how much are you talking about why don't you educate yourself and look at doing your own project.

Are you looking for a rate or return or a increase in capital?

Once we are aware of this then we can perhaps make some clearer recommendations.

We get enquiries from client's all day long wanting to invest in some of our…[Read more]

Can't comment in London as all of the properties we source for our investor Clients in the UK we deal direct with the Vendor / Developer but in Australia a Land registry search will tell you the initial registered address as at the time of Transfer.

Cheers

Yours in Finance

Hi Yoly

Education is what you need and in my opinion you can never have too much.

Nigel Kibel a long time forum member from Melbourne runs the Property Know How Club and provides free quality education in variety of investment areas.

Why not join up on his website / facebook page and download some of the free articles, go along to a meeting or…[Read more]