Hi San

400K budget won’t get you much in Brisbane but there a few areas which might still be worth considering.

As to whether the property will be positively geared all depends on your loan to valuation.

At a 100% there is no chance but at 80% certainly possible.

Course as you might be aware lenders starting to increase margins on investment…[Read more]

Investor in Brisbane with a decent portfolio.

What are you seeking.

Cheers

Yours in Finance

Yes it is possible as the loan will be in the name of the new business.

Will be done as a Nodoc loan (No income evidence required) by way of 1RM against the security property.

Rate will be circa 7.00 -7.75% Per annum.

Cheers

Yours in Finance

Yes it is possible as the loan will be in the name of the new business.

Will be done as a Nodoc loan (No income evidence required) by way of 1RM against the security property.

Cheers

Yours in Finance

Yes it is possible as the loan will be in the name of the new business.

Will be done as a Nodoc loan by way of 1RM against the security property.

Cheers

Yours in Finance

Hi Shehan

There are a number of investment strategies you can follow to increase your net wealth but where you start will depend on your own investment goals and amount of time you wish to dedicate to your investing.

Whatever you do the main thing is to ensure your structure is sound and you have flexibility when it comes to financing.

The…[Read more]

Hi Newbie

It is crazy to sit back and wait for the in-house finance guys too come back to you when you have settlement dates pending.

Another major lender pulled out of the investment refinance market yesterday to go with other lenders who had already adopted this tightening in credit policy.

Do not wait. Get your father to act now and get a…[Read more]

Hi Sing

I have read that taking a loan out in the name of a family trust maximises serviceability, as I don’ take on additional debt in my own name.

Regretfully this is incorrect. Guarantees are taken into consideration when calculating servicing.

Cheers

Yours in Finance

Hi Sing

Couple of quick answers to your questions raised.

When taking out the loan against our first IP (which is in my name), must this loan be in my name, or can the Family Trust take out the loan and let me authorise the use the equity of our IP as a guarantee?

The loan would in the name of the Trustee for the Family Trust with you as…[Read more]

Sounds like a fairly straight forward deal given the income is declared net profit.

Remember GST has nothing to do with earnings but more to do with turnover.

Cheers

Yours in Finance

Firstly lenders normally only consider dividend income where there is consistency over 2 Tax Returns.

Assuming all good most would add banking the franking credits and recalculate your tax payable dependent on your Tax rate.

Cheers

Yours in Finance

Hi Loui

Believe it or not a few lenders already do not factor in negative gearing to their servicing calculations.

Cheers

Yours in Finance

Hi Elena

You can’t go past lisa at parker invest. http://parkerinvest.com.au

Referred a couple of forum clients to her recently and they are very satisfied with what she came up with.

Cheers

Yours in Finance

Hi Elena

Which part. There are a few we refer to depending on the location you are after.

Cheers

Yours in Finance

Hi Loui

With the odd exception all main stream lenders have already adopted the new servicing requirements applying a minimum benchmark rate.

I am only aware of 1 banking lender that hasn’t changed its policy yet.

Cheers

Yours in Finance

Hi Loui

Don’t blame your Bank as they are directed by APRA and that is just one of many changes coming in over the next 6 months.

In saying that NO not ever lender still services external debts applying a sensitized rate.

Certainly getting harder to grow your portfolio but done properly can still be achieved.

Cheers

Yours in Finance

Hi EH

No hate to say you are certainly dreaming.

Every lender is going to want to analyse your financial position to ensure their debt can be repaid.

They are going to want to see you can service the loan thru income whether that be traditional payslips, Tax returns, BAS or Accountants Certificate.

Even with a non coded loan a private lender /…[Read more]