Well then it is going to be hard to convince a valuer why he should put a figure > than the purchase price on the property then.

Still be going upto 90% lvr and not using cash.

Cheers

Yours in Finance

I have a couple of clients in the same boat and as Terry has mentioned it is a Defined benefits scheme and not a lot you an do about it.

In 2004, the Federal Government passed their Superannuation Legislation Amendment (Choice of Superannuation Funds) Act but regretfully it did not apply to everyone and Public Servants, members of the Armed…[Read more]

Nice number of maiden posts promoting a company offerings.

Do your own due diligence and take note of the regular contributors in the overseas forum section.

Cheers

Yours in Finance

Why not speak with Emma from the forum as from memory she is based in LV.

She will be able to give you some pointers.

Cheers

Yours in Finance

Hi Goatus

Yes you could but you would put it down as equity rather use a sub loan otherwise the loans will be cross collateralised.

Sounds like you need a little nuturing on this one going forward to make sure you structure it correctly.

Cheers

Yours in Finance

Hi Songrad

Sent.

Cheers

Yours in Finance

Hi Songrad

Welcome to the forum and i hope you enjoy your time with us.

I hate to say as has been mentioned the loans have not been set up correctly and this has lead to the issue you are currently having. No you don't need a 20% deposit to fund the next deal but it sounds to me that the Broker has sold you the deal solely on interest rate…[Read more]

Jamie what is the difference in the weather between the two?

Don't tell me in NSW they down need umbrella's ?

Cheers

Yours in Finance

Oh Jac is far too generous in my opinion.

I am with Tom and Terry (Not Jerry) might extend their lease by another 6 months without a rent increase if they are well behaved.

Of course my wife would give them 3 months free rent but that's why i look after the properties.

Cheers

Yours in Finance  

Smart,

Tom has answer a couple of your questions but hate to say without full information it is difficult for anyone to give you a recommendation as to which lender is going to suit your circumstances.

I can think of more than 1 lender i would avoid and a couple i would certainly recommend.

In relation to the lvr you might find getting 95%…[Read more]

Rocket. the Title could be in the wife's name and the loan in joint names.

I have a deal we have been referred here in Qld from a Solicitor and that exactly what is happening.
Trouble here there is Stamp Duty payable.

Cheers

Yours in Finance

Ok these properties are already owned?

Assuming the properties are mortgaged have both of your lenders given consent to the transaction ?

All of our wrapped properties are in Qld so i can speak with experience there but not for NSW.

Cheers

Yours in Finance

Hi Alexia

Just see who owns them or how long they have been around doing business. .

Be suprised how many household names own subsiduary companies in all walks off business.

Westpac owning St George Bank and Bank SA.
Coles owning liquor land

Honan Insurance Group – Established in 1964.

Have a look at their Financial Services Guide and that…[Read more]

I would strongly suggest you get quality legal advice before proceeding.

Free website or books are worthless in a situation like this and paid for advice is far more beneficial in the long run.

Cheers

Yours in Finance

Agree with mich's comments.

The other thing i would suggest is ask your Broker which post codes or areas lenders / mortgage insurers have started to cut back lending in as they would be re-acting at every turn in the marketplace.

Remember lenders listen to valuers who have their ear fairly close to the market floor.

You would be suprised how…[Read more]

The alternative is just answer them yourself.

I get on average 60-65 emails a day 7 days a week and make sure i always answer mine the same day where possible even when i am the UK or Europe.

Adds a wee bit of Professionalism to the business.

If you don't go that route i am unable to offer any advice to what has been already…[Read more]

Hi Troy

SMSF Ebook just sent.

Cheers

Yours in Finance

Which State are you looking to under these activities in ?

Cheers

Yours in Finance

Hi Troy (My 19 year old daughter is a massive Knights fan so would love your handle)

Your understanding of SMSF's seem to be well off the mark so feel free to drop me an email and I will send you my Ebook i wrote last year on SMSF and borrowing within the fund to buy property.

That way it can at least put your mind at rest on a lot of the…[Read more]

Hi Hilda

A DFT with a Corporate Trustee will certainly not be a structure for everyone and before you head this route you need to way up the advantedges and disadvantedges.

Without knowing your own circumstances and long term investing goals it is difficult to comment as whether this entity would be suitable.

As i say individual situations will…[Read more]