Who has told you that you are unable to source additional finance ? – Your Bank.

There are many avenues for finance but without all of the facts it is difficult to assess.

Cheers

Yours in Finance

Hi there

No sure exactly sure what you mean by doing a “Few Property Trades” but assume you are referring to flipping (buying renovating and onselling the property).

If this is the case you may find that your Bank consider it as a development style loan.

Utilising equity is often the best way forward however without full details of your…[Read more]

Sure Prab

Email me and i can respond as it is a PDF article.

Cheers

Yours in Finance

No and Advantedge following suit so a lot of very unhappy investors around at the moment.

Cheers

Yours in Finance

Hi Kosta

No hate to say not correct at all.

You have to disclose all loans you are providing a Guarantee for these days so this certainly won’t aid you in the servicing stakes.

Cheers

Yours in Finance

Hi again Aftab

Be careful about buying a small unit (non-student or not) as financing anything less than say 50 sq Metres will be extremely difficult.

Not to say it can’t be done but more restrictions in regards to deposit and higher interest rate.

Look for something that can rented to the open market as well as a specific sector of the rental…[Read more]

Nodoc loans are readily available when you borrow the funds in a Company entity so lack serviceability is a thing of the past.

Course borrowers may not like the interest rates or terms Nodoc lenders charge but all it all depends whether you believe you can still make money on the deal.

Cheers

Yours in Finance

Why are you going with an investment loan when you intend to occupy the property for a year ?

Wouldn’t you go for an I/O owner occupied loan.

You won’t be using potential rental income to get over servicing as you are living in the property.

Cheers

Yours in Finance

FXD received and emailed off.

Cheers

Yours in Finance

RYF email me and i will send you a copy of an API interview i did a few years back.

I retired in 2004 at 40 years of age owning 40 properties outright with a cash flow well in excess of $1M per annum and a net asset position of over $26M using a variety of different strategies.

Thankfully the properties in Brisbane have doubled and in some cases…[Read more]

FXD,

It will reduce your borrowing capacity over time due to the sensitised rate used by most lenders and the fact they discount the gross rent.

Cheers

Yours in Finance

FXD,

It will reduce your borrowing capacity over time due to the sensitised rate used by most lenders and the fact they discount the gross rent.

Cheers

Yours in Finance

FXD will reduce your borrowing capacity over time due to the sensitised rate used by most lenders and the fact they discount the gross rent.

Cheers

Yours in Finance

Rule of thumb with most lenders:

Net monthly income + 80% of Gross Rent

Less

* Living Expenses assessed (dependent on the size of family. Lenders use a minimum of their own preset scale or your declared amount whichever is higher).
* 3% of Credit card limit.
* Existing Personal Loan repayments.
* Existing loans based on a P & I loan at a rate…[Read more]