Should cost you next to nothing assuming RAMS dont have any exit fees.Would have the Govt registration & transfer costs but would probably find these costs are made up in a very short period with a better overall product.CheersYours in Finance

Exactly as Terry has mentioned.You dont think they are going to give you some of their money to invest. The funds will come from equity in your property. All you would do is arrange the line of credit or similar at a cheaper interest rate invest these funds in a higher performing asset class than the interest rate you are being charged and chanel…[Read more]

Agree with Terry the current set up does not sound ideal.A loan restructure to IO with 100% offset would be the way to go and then you can always look to set up a sub loan against the available equity and use these funds for the next deposit on either your future PPOR / IP.Have to admit Rams are not the ideal lender for such a…[Read more]

Renel dont you think there is a reason why they offer in house finance ……………….?Wonder how many deals come back down valued or do they condition you in advance telling you how evil valuers are and that they always down value and there is nothing wrong if the valuation is $30K less than the purchase price.You have to be kidding…[Read more]

Hi BeakaWhy not try a locally based General Insurance Broker and see what the can offer you.CheersYours in Finance

Hi MaxMhhh sorry to hear thatyour so called Professional Advice was not as Professional as you thought.Only way around is to:1) Either sell the property in the open market.2) Look to Transfer the ownership of the current investment property (i.e if it is in 2 names you might look to purchase your wife's interest or similar or alternatively look to…[Read more]

Wade which State are you referring to ?Sorry should have read the post more clearly before responding…..SA sorry mate cant help you there.CheersYours in Finance

I wont repeat what everyone else has already said.Financing a purchase in the US through a traditional lending source is something we have done for Foreign National buyers for over a decade and is not out of the question. Refinancing where you have already paid cash for the property is a different matter.As a Broker it all comes down to rate of r…[Read more]

Or you could do it yourself at a fraction of the price and shop around for the best loan etc.CheersYours in Finance

Like Jamie i have a leaning towards API because i have appeared in it on several ocassions and they managed to do wonders with my photo (took out all the grey bits).I enjoy reading all of them but wouldnt ever rely on any magazine to do my due diligence solely.CheersYours in Finance

If it merely property conveyancing you can't go past CSM Conveyancing.Leonie Dixon is my Solicitor and has acted for me personally on well over 200 property transactions as well as for dozens of my forum clients.CSM Conveyancing6 / 82 City RoadBEENLEIGHQ   4207 Ph: 07 3807 2233 (office)Fax: 07 3807 3841   Email – ldixon…[Read more]

It is not illegal in any state.You might wish to buy more than 1 property at a time and decide to put out a few offers.In regards to a BA fee then what you need to be careful with is that the organisation doesnt have in house Mortgage Brokers, so called Investment Advisers etc and as a group they end up earning a substantial commission which makes…[Read more]

Yes it is a very useful tool for SMSF investors.We had a SMSF deal approved today and the client insisted on an offset account so he could maximise his SMSF return on the property. As i mentioned not too many lenders offering such a product.CheersYours in Finance

Personally i still wouldnt buy an off the plan property especially with so called high yielding returns.

Cheers

Yours in Finance

Also The Dragon is one of the only SMSF lenders that offer a offset account which can be very useful.

We do a fair amount with SGB with their SMSF product and they do certainly have their underwriting pecularities.

Cheers

Yours in Finance

I am happy to let you have a copy of Trust Magic if you drop me an email.
Cheers

Yours in Finance

Deekay i am just jumping on a plane returning from holiday in Canada but if you shoot me an email i can send you send you my Ebook i wrote on SMSF and Super Loan borrowings.

Cheers

Yours in Finance

Brian good luck on getting unconditional pre-sales in the current Brisbane market.

Might be a matter of putting in more cash or equity and going for a net GST GRV loan.

Cheers

Yours in Finance

Hi Dorzy and subbats

The statement is correct in the majority of situations but subject to certain occupancy requirements.

Cheers

Yours in Finance

Certainly second that.

Cheers

Yours in Finance