Astro

Sorry i have to disagree.

I certainly have always adopted a buy and hold strategy but also believe in paying down debt like it is going out of fashion so i can quite comfortably live off rental income. Of course i understand when starting out or indeed if you have non deductible debt this is not a financial wise or accepted method but for…[Read more]

Yes Terry moved on to endorse their organisation elsewhere.

Give it a few days and another new member will join and see the post and tell us they have also been a client for years and couldn't have been so successful with FCFS.

They must think we are as green as grass.

Cheers

Yours in Finance

Wayno

I wrote an Ebook on the subject last year so shoot me an email if you would like a copy.

Cheers

Yours in Finance

I know a few too if you want a name or two.

Cheers

Yours in Finance

Exactly Jac

And you got service with a smile for that price.

Cheers

Yours in Finance

Hi Jan

Wow that's exhorbant.

Did 2 SMSF loans this week and you are looking at $1200 to do the Company and Security Trustee Deed.
Unless you are adding the lenders application, valuation, legals etc but still that is way over the top.

Cheers

Yours in Finance

Unless appropriately licensed a Mortgage Broker cannot provide Tax , Legal or Financial advice only Credit advice.

I cannot see why your Broker would only arrange a loan based on the Accountants advice.

Sounds to me like he may not have too many of these before.

Cheers

Yours in Finance

Thanks Ikhan for the positive endorsement on your first post.

Cheers

Yours in Finance

Sorry Zan this is not correct AGAIN.

The question related to a Pre-approval and how much creedance you could put on such a piece of paper.
There was no mention of the security property which at this stage in the game has not been located.

With many lenders the mortgage insurance looks at the entire deal on offer fully assesses the credit…[Read more]

Zan that is not quite correct.

With some lenders even at 95% lvr it is a full pre-approval one that the mortgage insurer has signed off on and is only subject to a valuation on the property being purchased and final sign off.

The CRAA, income and savings verification have all been done.

Other lenders even at <80% it is a worthless piece of…[Read more]

A SMSF can have 4 members who could be totally unrelated.

Cheers

Yours in Finance

NRAS – National Rental Affordability Scheme

Cheers

Yours in Finance

Oh well cant add and value to the conversation over there.

Terry W has property in Japan and maybe able to advise further.

Coming from the UK I know you can't even pay fortnight with most lenders so offset accounts are still a thing in the future.

Cheers

Yours in Finance

Where are you buying CG?

Cheers

Yours in Finance

As Wolfie mentioned just get the offer in writing and have it state that you want to inspect what they are installing, confirm that you are happy with the electrician installing it and also that when they leave the fans remain the property of the landlord.

Now whether you can claim Depreciation on them is another question !!!!

Cheers

Yours in Finance

Yes Qld is wonderful in that respect.

SD Concession available even if Spouse owns a 100 properties.

Spousal transfer is something we do in conjuction with a couple of Accounting firms on a regular basis

Cheers

Yours in Finance

Have to agree with Derek Lodoc as we used to know it is a thing of the distant past.

ALL lenders require on a lodoc loan either Accountants confirmation / BAS / Trading statements or a combination of all 3 / all.

There is no such thing as a self declaration without ANY form of income verification even at a very low lvr.

Any Broker fudging…[Read more]

Hi interested

No legal strategies in getting around this.

As i mentioned how you come up with the deposit / equity release is the important part as this could save you a lot.

Cheers

Yours in Finance

No that's exactly what I was referring to.

What i was suggesting that using a husband as a Director in 1 Company and Wife in the other wont increase your borrowing capacity all things being equal.

Unrelated parties would be different.

Cheers

Yours in Finance

Derek interestingly went to a HSBC economics briefing yesterday morning and their economist predicted "Definitely no rate reduction today" and probably 1 more in this cycle.

Also suggested fixed rates are very close to the bottom and could start to turn upwards shortly.

God these guys are useless yet paid a mottza for getting things…[Read more]