Hi DarrenSmall Development funding has some many variables it is not a matter of 1 loan fits all and will depend on so many factors it is not funny. Had to believe but a lot of lenders will not allow for 2 properties on the same Title so unless you can get the land subdivided prior to construction this will eliminate some choice.Buying thru a…[Read more]

Jamie my sentiments exactly.Remind me to make a note of the Bank managers name and number.Suprised he didnt also suggest that he had a mate with a printing press if you wanted some nice new looking payslips and group certificate printed up. Although saying that perhaps he will come and visit when you are inside for mortgage fraud.CheersYours in Finance

Definately agree Aaron.If the level of enquiry from clients saying "my current lender has just declined my loan, can you help" is anything to go by it is only going to get worse and worse.CheersYours in Finance

Kris i dont think Derek was disputing the fact that you can mortgage your own PPOR what i believe he was commenting on was that you would have limited serviceability in your position.Remember where the loan is solely relaint on rental income lenders are down reducing considerably the amount of rent they will use in their serviceability…[Read more]

lawsjsI think you misread my post.What i said was we do these loans as  "second homes" loans and not investment loans.We only deal with 3 US Lenders who do investment loans to Foreign Nationals.CheersYours in Finance

Agree Jamie but you never now the 3rd post might actually be a contribution to the forum community rather than a plug for business.CheersYours in Finance

Totally agree that the way to go would Interest only with 100% offset account but unfortunately you wont be able to fix the rate of interest on the loan and still utilise the offset account (odd lender exception).You may want to therefore look at splitting the loan between a fixed rate and variable and link the offset account to the variable…[Read more]

Agree with Terry.There are some lenders i can think off who wouldnt have an issue (we have done similar for 101 other forum clients) and others who would run a mile.Correct lender choice is parramount.CheersYours in Finance

As Paul i wouldnt be without them.CheersYours in Finance

Hi SundanceNot sure which part of Brissie you are in?Drop me an email and i can send you a copy of an article the API magazine did on myself and wife and our Brisbane property portfolio which we have built up over the last 14 years.CheersYours in Finance

That is not the case however loans we do in Atlanta are done as second homes and not as investment properties therefore the applicant cannot already own a property in the USA.CheersYours in Finance

Nice to see you back Jet.CheersYours in Finance

Sorry that is incorrect you can negative gear your US property income and can also claim Depreciation on the property in your Australian Tax Return.You dont need a a US Accountant if you can find a Australian based Accountant who is licensed by the IRS.If you email me i can give you details or our US Company Accountant we use for all of our…[Read more]

DKB the other reason they recommend an umbrella structure is that it is very difficult for you to get out when you are so they receive a trail commission on your loans even if they are not working correctly for you.Nice little stich up if you can get away with it.CheersYours in Finance

Yes no issues but only done as second home cant own a property in USA.CheersYours in Finance

PleasureCheersYours in Finance

CheevesThere are over 60 members on this site who have benefited from my assistance in arranging US finance and well over a 100 in the UK who have been introduced through some of the big US property organisations based over there. We dont seek out clients as they come to us in droves due to my repuation on this forum.I have posted guidelines on a…[Read more]

Sure Clare at SGB is a really nice lady but unfortunately she has NO credit authority.The Dragon now uses a full Credit Scoring model and it can be descibed as poor at best.In regards to Anz they are back to 95% lvr as long as you have held a qualifying account with them for the last 6 months.This includes a Credit card, personal loan or…[Read more]

I will only comment on the ones i can answer:3) Yes you can open a Bank account without a Visa although under the Patriot Act you will need to be in the Country for most Bank's. CBA US / HSBC are the exceptions. 5) Yes finance is available to FN's and we are starting to get enquiries all day long from Aussies. We have been dealing in the FN market…[Read more]

AALLI you might need 3 or 4 prior to finance approval.As to what is considered a good financial position this will depend on a lot of things age,residency history, income, assets v liabilities and a raft of ratios lenders use.Alistair (APerry) is based in Melbourne so might be worth giving him a call and seeing if he things it is a doable deal.If…[Read more]