You can certainly be a full developer and run a business / be employed trust me i do it.

I have written a feature in next months API magazine about a strata title development I completed earlier in the year. 

Cheers

Yours in Finance
 

If the property is to initially be an investment property and then a PPOR i would suggest a 100% loan using your cash funds as collateral security by way of Term Deposit.

This way you maximise the deductible interest whilst the property is an investment property yet when you want to move into the property you can release the Term Deposit, pay…[Read more]

JPS always good to hear lawyers giving advice on property investment especially when most of them have no idea.

Be like me giving tips on avoiding grey hair.

With NRAS make sure the property valuation comes upto the purchase price and as long as your due your due diligence on the rest of the deal you wont go far wrong.

Cheers

Yours in Finance

Hi Joe

To get the best interest rate, set up rates etc you would ideally want to keep the lvr to 70% for an interest only loan or 75% for principal & interest loans.

Probably get 20 / 25 year term with the right lender and no annual review.

Hope this helps.

Cheers

Yours in Finance

HI Maverick

You are a very lucky lad living in Canada as I had a month there mid year and loved every moment of it.
Just can't wait to go back.

Would you like to expand a little more on what are you wanting as Jamie mentioned most Brokers should have some knowledge of buying an investment property and in most cases some of us even own one…[Read more]

Have to say whilst i enjoy Margaret Lomas Sky Business Property program i have to say i totally disagree with her financing methods Destiny FS promote.

Cheers

Yours in Finance

Nathan what is the rental market like in Mount Isa at the moment ?

Cheers

Yours in Finance

Think we all agree there Moxi but still doesn't change the legal obligations if you rent the property out.

Cheers

Yours in Finance

I am still at a loss to see the issue …..sorry maybe i am a bit slow (comes of being in the UK in the cold and wet).

Any normal lender wouldn't have a problem and it just seems to me like the lender is making up these issues.

If the loan is only conditionally approved then you still need to have the formal letter of offer and mortgage…[Read more]

Yes it possibly would it will depend on the type of security.

Just settled one for a forum client on a retail shop which had a decent lease in place.
Course if it had been a vacant industrial unit you might had been looking at 65-65% lvr.

What type of security ?

Cheers

Yours in Finance

Use a company that offers Vendor Finance where you choose the property.

Cheers

Yours in Finance

Thankfully my family all live in the UK so not problems there.

My wife critises all the time but normally about all the jobs around the house she says i haven't yet got around to.
Must admit no criticism aimed at the monthly amount i give her to spend on shoes etc. 

When i arrived in Australia in 1993/94 i was constantly critised by locals as…[Read more]

Jessica the boys have given you some excellent advice in relation to the structure.

Borrowing in Trust will in the main not increase your borrowing capacity these days (albeit a lot of spruikers will tell you otherwise) but you will be surprised as to the variance in lending products available.

Some lenders still offer their rate and…[Read more]

A SNM mentioned no requirement at all if it is your PPOR or an IP but might find some Tenants have a concern about it.

That is assuming they even realise it is asbestos.

Cheers

Yours in Finance 

Michael, i think if Carole tells us who the lender is we can figure out whether she has any chance of getting there in time.

Cheers

Yours in Finance

Hi Carole

Sorry i am still not fully understanding the issue.

If the loan has been fully approved (irrespective of whether it is a bridging loan or not) and the loan documents issued then really there should be no problem.

Any senior member of staff should be able to get the Settlements department to take a booking even with less than a week to…[Read more]

Aloha as i mentioned earlier just make sure your lender knows your intentions as too many lenders wont allow multiple properties on the 1 title and that's where so many clients come unstuck.

Cheers

Yours in Finance

If the property is new the admin & sinking funds budgets will be readily available to you.

You do however have to remember that they are only a budget prepared for the first 12 months after which time the Body Corporate will make adjustments going forward once they get an indication of the actual expenses.

Course there could be a big difference…[Read more]

SSM

I think you are referring to the 2 ways of calculating and applying Depreciation being the Prime Cost and Diminishing value method.

Cheers

Yours in Finance

Also another point worth mentioning is that the date for CGT purposes is the Contract Date and NOT the Settlement date.

You could go to Contract on the 31st December 2011 and then Settle some 8 months later.
Decide to sell the property immediately and eventually get a Contract on the 1st January 2013.

You would still be entitled to claim the CGT…[Read more]