Will depend on the Tax code you use in your Tax return and whether you can been seen to be doing it regularly enough off to be classified as a business.

It is the same with investors who buy and sell shares and want to try and claim the costs of education, publications and subscriptions etc. Trying to persuade the ATO you do it regularly enough…[Read more]

Hi Keiko

With the right lender there is no limit to the amount of investment properties you can purchase.

Lenders will accept between Nil – 100% of the Gross Rental income so you need to ensure you structure the loans correctly and with the right lender to be able to carry on purchasing property.

Seen too many clients find that they are unable…[Read more]

Hate to say Prime that is incorrect.

Paul would not qualify for the FHOG or State equivalent if he or his partner buy individually or together another PPOR once he has claimed the Grant on the initial property.

The Stamp Duty concession might be different depending on which State she buys in.

Cheers

Yours in Finance

Hi Paul

Hopefully you got my reply.

I am actually in the UK for Xmas and New Year but still working.

I did respond to you so feel free to come back to me and i can certainly try and guide you in the right direction.

Cheers

Yours in Finance

HI Paul

No i hate to say if you define your partner as your spouse then regretfully no you can't claim the FHOG a second time even if she purchases in her sole name.

Refer to the OSR in your State for definition of 'Spouse'.

Cheers

Yours in Finance

Juichi, i wrote an article on the subject a few months ago in the Financial Planning Journal and will copy it to the forum once i get back from the UK. 

Cheers

Yours in Finance

Dan i have to say i would think for what Matt is trying to achieve CBA would be one of the last lenders i would approach as their equity release product is antiquated in comparison to what else in the market.

Matt, hope everything is well. Yes definately as we discussed suggest you have a Solicitor draw up a legal document to provide your mother…[Read more]

Hi Cubez

Wow sounds from the description you have laid out we are talking major structural changes to the house as you wouldn't normally engage a Project Manager on a simple home renovation with a standard licensed builder.

Now in regards to financing there are a couple of potential issues which probably need to be considered.

I am unsure as to…[Read more]

Hi Paul

Couple of ways to think about the financing of the deal:

1) Ask the vendor if he would be prepared to sell the property under Vendor Terms either using installment finance or similar.

2) Look at a lodoc loan for say 70-80% of the purchase price / valuation and then either get the Vendor to provide a 2nd mortgage carry back (Limited…[Read more]

Without full details bigo difficult to provide you an immediate suggested lender but in the main would depend if you intend too to borrow 100% and use the 20% balance as collateral security.

If so you are going to be limited to lenders but of course down the track could prove the most Tax effective move.

As i say not a matter of plucking a…[Read more]

As Terry has mentioned Yes in most States you may need a Contract drawn up first prior to marketing the property although not in Qld.

In Qld the Disclosure documents will need to be drawn up but the Contract is normally drawn up by the selling agent once you have a interested buyer.

The Selling agent will normally do a Title Search on the…[Read more]

Oh also forgot to ask do you have to pay the commission back if you refinance the loan or pay it out within the first 18 months when you realise you are paying too much and another lender offers you a cheaper rate.

Cheers

Yours in Finance

And some lenders go to 90% and the LMI still wouldn't be that high..

Cheers

Yours in Finance

Organisations and sites like this have been around for years and there is nothing new. 

Doesn't worry me in the world and i am sure most other Brokers would be in the same position.

Do they tell you how to structure your loan or where to go to reduce your LMI cost etc. Course they don't.

You can buy a book and do your own conveyancing and that…[Read more]

Hi Alex

Are you going to find many Australian Investors purchase for cash properties in the US for $250 – $2M bracket that they then are happy to on sell via Vendor Finance.

They can do the same thing in Australia without the issues of currency movement and gear to 80% with the lenders consent.

At the lower end of the market they could see…[Read more]

Brian sorry don't want to appear to be negative but if you have 13 VF properties and they are only returning $400 / month i think i would be holding off there.

My VF Company (First Home Owners Group) at out peak had 178 properties we owned and had sold by way of Instalment Contract and each one of them was returning $400 / month +.

Might be a…[Read more]

No I totally agree with Stacey a few minutes spent with a Professional in regards to due diligence on a project is worth 10 times the cost of any computer program.

Cheers

Yours in Finance

As i have said before of course there are finance alternatives which can get around the ATO regulations however not necessary for every client depending on their own position.

I am in the UK and just don't have the latest paper on the subject but will write an article on it when i get back.

Cheers

Yours in Finance

Hi Marty

There are many US lenders who lend to non residents however depends on the State which the property is located / minimum loan amount / type of property etc etc etc.

The other issue is the amount of time spent on getting the deals over the line which is another reason we are not taking applications from Australian investors.

With our UK…[Read more]

Hi Mcp

There are no issues in you purchasing a property in the US as a non resident however funding it is a different matter.

Depending on the type of property you are going to be limited to 70% lvr and probably a minimum loan of between
$50K -$100K.

Rates are going to be similar to any other 2nd home purchase.

Cheers

Yours in Finance