Hi Frank

Hate to say there is no Australian lender who will take European property as security but yes there are the odd foreign lender who will lend to Australians.

Will depend on the Country concerned and the type of property.

Cheers

Yours in Finance

Hi Michelle

Was an absolute pleasure to sort the loans out for you and at least setting it up properly means you can proceed on your investing journey at your pace rather than having your Bank tell you what you can and cannot do.

By the way i openly wanted to say a real big thank you for the lovely bottles of wine.

Anyway article is on your…[Read more]

Agree with Tom certainly here in Qld that will be the day when they do away with Stamp Duty.

The new LNP Govt bought down its first budget today in Qld and with the position the former Govt left us we certainly wont see a reduction in purchase costs over the coming years.

If you cast your minds back to 2000 all State Govt told us that they would…[Read more]

Hi Linus

Sure, done.

Cheers

Yours in Finance

With the right lender you could actually get 95% in a newly established Trust.

Cheers

Yours in Finance

Yes Terry W is an expert on Trust Structure and based in NSW so why not contact him and ask him to assist you.

Cheers

Yours in Finance

Hi Bind

Sorry you have slightly confused me.

Your post is entitled " Help with Finance Needed" but then you have explained your current situation and not indicated what you are after.

If you wanted to clarify what you are seeking we an certainly comment accordingly.

Cheers

Yours in Finance

Agree with Derek don't hold any NRAS stock in my own portfolio but have financed a few dozen for clients.

Not saying they are all bad or overpriced but make sure your Broker orders an upfront valuation and you get a copy of the valuation report before going unconditional.

You have to ask yourself if the marketing agent (as Derek mentioned) is…[Read more]

Certainly House Call i agree it opens up so many more options about controlling your own financial future when you can buy and sell in your SMSF.

Cheers

Yours in Finance

Hi Josef

I am with Ryan and use Excel with a few personal modifications.

I am now Excel expert so with 40 properties it is a matter of designing simple to use but accurate in it's report and for it works well. I am sure some of more IT related forumites will tell you there are the odd program doing the rounds but  i am quite…[Read more]

Red, Tom has given you an explanation of the calculation.

If you want to shoot me an email with the address i can run a report off for you which give you an approx estimate.
Regretfully going to need a full valuation to ascertain exactly but at least it will be a guide.

Cheers

Yours in Finance

Heh Jamie that is JacM for you a great kinda gal.

Before you rush out and look to utilise your $130K I think I would ascertain how much equity you have in your current property.

You want to maximise your Deductible interest but remember once you have used your cash you won't get it back again.
If you utilise your equity and keep the cash liquid…[Read more]

Thanks Jac very nice of you to say so.

But only yesterday you shared with your pearls of wisdom on computer code and all things web related. 

I thought a bittorrants was a description of a heavy Qld rain storm.

Cheers

Yours in Finance

Terry and I have been posting here for over a decade but to me in it not about the number of posts but the quality of response.

Hopefully some of mine 9000+ posts have been useful to other forumites.

Ohhh i have just noticed i have become a "property enthusiast".

Cheers

Yours in Finance

Hi House Call

Hate to say that is incorrect.

The SISA legislation makes no comment about the type of loan one must take out.

Interest only is a popular loan type for investors who have limited funds in their SMSF and want to try and eak out a second purchase although i must admit i am very much one in the P & I corner for SMSF…[Read more]

Derek is correct that many lenders run a mile when you mention the words NRAS however in saying that there are still lenders who will go to 90% lvr on a standalone basis.

Can't comment about Motion Property but same story get your Broker to order an upfront valuation so you ensure the purchase price and valuation are one in the…[Read more]

New SMSF product released during the week where the lender has waived its application fees on its 80% lvr.

Makes the overall deal even more attractive.

Cheers

Yours in Finance

Hi Gav

As the boys have pointed out financing a property using a newly formed Trust will not be a problem however you will be suprised how lending terms will differ.

All things being equal there is no reason why you shouldn't get the rate / applic fees etc as you would if you were buying in your own name.

Cheers

Yours in Finance

Terry has hit the nail on the head.

Nothing in lending these days is simple.

What a lender did last week may not be the same as they do next week.

Normally upto 4 units on 1 Title can be done on resi terms although 1 lender will go to 6 (albeit they want a higher deposit amount). Of course there is residential terms and there are residential…[Read more]

Hi MBuilding

Firstly welcome to the forum and I hope you enjoy your time with us.

Have to disagree with Tom on this one as whilst nothing is for certain i don't think you are a million miles away of being able to go to a loan amount of $450K.

Course would depend on how we structured the loan and what you end up purchasing but assuming a…[Read more]