Belinda an application for an ABN can be done online and i have to say non of the questions are really taxing.

What questions do you nee help with.

Cheers

Yours in Finance

The calculation is the same as if you were running a business from home and wanted to claim a proportion of the rent / lighting / power etc.

As has been mentioned it is done on a percentage of the overall square metreage area.

Cheers

Yours in Finance

Sorry re-reading your post i believe it could be done with a conventional lender.

The loan would be tied into the anticipated rent of the subject property.

I am doing a similar deal for a client here in Brisbane where his wife is buying the property and has no income at all.
Both live overseas and he earns all the money.

Loan has been approved…[Read more]

Hi John

I would have thought Private Finance may have been an option.

Cheers

Yours in Finance

I agree many Brokers are moving to a Fee for service model.

Personally we don't charge for residential loans but i am aware of many that do charge and often in addition to the commission they receive for the introduction.

As has been said Financial Planners / Accountants tend to charge an hourly rate depending on what is…[Read more]

Coming in late on the post I would make a couple of comments:

Firstly I am surprised the Bank valuer placed a valuation of some $60,000 more on the valuation than the Contract price but these things do happen. Good if the Bank gave you a copy upfront so you can go back to the original valuer for the increase.

Subject to the valuation figure i…[Read more]

God my misses charges me more than $1/week to live in my place.

I just have to cover her credit card bill each month and let me assure you that is a lot more than most.

Cheers

Yours in Finance

I have acted for many a forum a client who has purchased thru them where we have organised the finance.

A couple of forum clients were spell bound when their recommended Mortgage Broker told them she charged a fee as well as receiving a commission from the lenders she placed their business with.

I guess nice work if you can get it or can somehow…[Read more]

Totally agree and have said it so many times before.

Would you have confidence in undertaking major surgery from a Dr who had never performed an operation before.

You want a Broker who shares the same passion and desire as you and also can lead by example.
Jamie is so right if you can't assess whether your Broker knows what he / she is talking…[Read more]

Neither owns half a street.

Cheers

Yours in Finance

mbuilding very pleased we were able to assist you !!!!!

Cheers

Yours in Finance

A good Broker would have recommend it to you rather than you having to ask them the question.

Cheers

Yours in Finance

Dan personally i wouldn't sweat the complications of lending and trying to understand and get to grips with various credit criteria.

Why not drop Jamie an email and get him to source the loan for you.

Won't cost you a cent and you professional advice from a top investment broker rather than pen pusher who has never purchased…[Read more]

Well both in relation to redraw and spousal transfer points.

Cheers

Yours in Finance

Wow amazing the number of first time endorsement posts we get from such happy MA customers.

Maybe they have found the Holy grail……… which the rest of us missed.

Cheers

Yours in Finance

Coming in late to the discussion sounds to me like another marketing group which is just what Qld needs.

Anyway no so called Financial Adviser (And by the way from a quick search i couldnt find anywhere that Members Alliiance were licensed to provide Financial Advice) worth their grain of salt would recommend a Line of Credit especially…[Read more]

Even better when you do it inside a SMSF.

Remember when purchased outside a SMSF the Cost Base is adjusted on sale by the amount of Capital Allowance you have claimed over the period of ownership and Capital Gain Tax is paid on the net profit.

Inside a SMSF if the property is sold whilst in Pension phase there is no CGT so you get the benefit of…[Read more]

TYP again your Finance Professional should be recommending this to you.

Cheers

Yours in Finance

There is no Australian based lender who will take Australian property as security yet lend in another currency where the applicants is earning AUD.

St George used to offer a Foreign Currency loan but was withdrawn a few years ago.

Cheers

Yours in Finance

Hi Carmen

I assume you hold an Australian Credit License ?

Cheers

Yours in Finance