coolraIf you intend to purchase a PPOR first then you need a totally different strategy and structure to ensure that you maximise the ability to still be able to purchase an IP down the track.CheersYours in Finance

coolra, hate top say you will never get any lender tell you too much of what they do or do not do as this is the secret domain of us mortgage brokers (No that isnt a plug for business merely a statement of fact that lenders dont disclosure their lending policy online when it comes to the nitty gritty).Assuming you dont intend to be buying a PPOR…[Read more]

Hi WadeYes like Jamie we do a fair amount of this sort of business for forum clients but we dont charge a fee.There are a couple of reasons for this and will depend on the deal.I have a couple going at the moment where the client has completed the reno and is looking to sell within 3 months of Settlement.CheersYours in Finance

AlbroFor someone who has run a Vendor Finance Company for a living here in Qld for some 12 years + there has always been a lot of desparate Vendors wanting to sell their over priced properties and assumed VF was the way to a golden rainbow.You need to differentiate yourself from other VF providers and as long as you are licensed and can finance a…[Read more]

Hi RyanFirstly welcome to the forum and I hope your time with us.As long as your loans are structured correctly from day 1 there is absolutely no reason why you go cant borrow 90% of the purchase price of each new Investment property.Whilst lenders and in turn mortgage insurers have a monetary cap on the maximum loan exposure if it done properly…[Read more]

Hi bothFirstly welcome to the forum and I hope you enjoy your time with us.Must admit i have done many a investor talk in Toowoomba in the past and good to see the town has really recovered after the floods of 2011. Starting to see a number of clients start to buy in the area again.Cant help you with any local tradesman but i am not necessarily…[Read more]

Away from the QS report remember you still have to apply to the ATO for a Tax variation and only when you receive their letter can you hand it to your payoffice and get them to adjust to your Tax deduction on your salary.Isnt going to happen over night.CheersYours in Finance

Yes thats true but i am not sure why you would do it?CheersYours in Finance

Tell me about it.Cost of License renewal and compliance these days makes you nod your head and question things like this.CheersYours in Finance

Hi JohannI hate to say he is currently breaking the law.If he is providing Financial Advise he is required to hold a Financial Planning License.If he is providing any form of Credit Advice then he is required to hold a Credit License or be a Licensed Credit Representative.The legislation is quite clear and from what you have posted sounds like he…[Read more]

Yes if the building is strata titled then most lenders would do more than 4.Might have to do them as separate loans.CheersYours in Finance

Hate to say NAB will only do 3 under the 1 Title.There are a couple of lenders who would do 5 but probably max lvr 70% but certainly going to depend on location.CheersYours in Finance

Sure feel free to bounce the odd question off me.CheersYours in Finance

Hi ShawnIf you were in Brisbane and I had a bit more time on my hands i might volanteer.Apart from the distance one question i would ask you if you were a student of mine is how do you think you are every going to do a deal if as you say you are broke?Even if you use a Call Option on the property you are going to need good financial backing to…[Read more]

TaxdivaYes as long as you have minimum 28% of the purchase price as deposit and sufficient to cover acquisition costs and sufficient income generated from employment / rent there is no reason why you cant be over and over again.Course you do need a new Security Custodian Trustee for each property and that can get faily expensive.CheersYours in Finance 

Yes Title is the defining way to dictate deductions however it also dictates how the gains get apportioned. We will assume that you want to do it that way for a reason. Remember what looks like on paper a loss today can in 5 years be a substantial profit.CheersYours in Finance

As Terry mentioned a Trust structure is probably certainly worth considering especially if you intend to do it a few times.We have many a client who do small development style projects and there is a couple of ways around it with the financing.CheersYours in Finance

arope, Why not just contact Jamie who has already responded to your post and has considerable experience in the matter and get him to organise it for you. It is impossible for any of us to give you a recommendation without knowing all the pertitant facts.CheersYours in Finance

Hey allDownloaded Skyfire and all fixed.Can get into PI.com from the Ipad. On reflection still think the slightly bigger screen on the Samsung could have been the way to go.CheersYours in Finance 

Legal costs for the conveyancer are considered a Capital Item for CGT purposes however legal cost incurred for advice on the mortgage or loan documents are consider a borrowing expense.CheersYours in Finance