Mick, i will let others answer a lot of your other questions but in relation to finance Yes it is now possible and we have more and more lenders coming on stream.Been hard work but we now have formal agreements in place with a number of institutions and are starting to close deals with regularity.Minimum loans, locations, type of properties are…[Read more]

Hi ChrisAs Jamie mentioned subject to your serviceability and overall credit score (Not all lenders credit score) it shouldn't be a problem.We have many a forum client who has purchased 2 or 3 properties at the same time or in a very short space of time and generally there is little problem.As i often mention on the forum structure and the cho…[Read more]

Hi LampFirstly welcome to the forum and i hope you enjoy your time with us.I must admit i would never recommend any client get into property investment merely to reduce their Tax liability as Govt policies change and buying with a view to making a loss in never a sound investment.Buying in an area with sound cash flow and capital growth prospects…[Read more]

Hi LachlanI hate to say the secrets of a lenders credit policy changes in some cases daily so you find anything written in a book relevant or upto date.Believe it or not constructing 2 properties on the 1 Title will not be acceptable a fair few lenders.Also bear in mind that you wont receive the FHOG or the Qld Stamp Duty Concession so investment…[Read more]

Hi MattNo hate to say very few lenders will give you the juicy bits being a customer but as a Broker the infomation is readily available.As Jamie says a couple of lenders will take 100% of the rent where the LVR is < 80% whilst i can think of another that does not take rent into consideration. Strange but true but thats lending these…[Read more]

Yes Nigel i hear a whirlwind is coming. Should blow away the US market as far as many Australians are concerned.CheersYours in Finance

Last thing i heard was that Suncorp were not taking on any new business.Have you tried using an Insurance Broker?CheersYours in Finance

MikeAn instalment contract is simply what it says a Contract where the agreed purchase price is payable in a series of instalments.Normally where a Vendor was unable to sell the property in the open market he/she may agree to sell the property by receiving from the potential buyer a given number of monthly payments. Interest would be charged on…[Read more]

Hate to say as i said happens every day of the week with some lenders.Many of the bigger lenders take their valuers assessment over the Lease agreement.Course there are many that dont.CheersYours in Finance

Hi GoldiesYes i can understand your frustration with lenders serviceability as we receive similar emails from clients every day of the week who have been refused borrowings by their own Banks / broker.Unfortunately without knowing all of the facts it is difficult to assess the deal but all i would say there are many ways to assess a deal and some…[Read more]

No Victoria just because the property is in 1 entity and the loan secured against that entity is in the same named the property being purchased could be in any name / entity.We do it for clients all the time.CheersYours in Finance

In the main Jamie is correct however once the Trust / Company has been running for 2 Year and if you are in the business of buying property then rather than taking a given percentage of the rent lenders will take 100% of the net profit.CheersYours in Finance

Hi JasonYes you are right many lenders rub their hands with glee as soon as you mention you are buying in Trust as it means they can charge either a higher interest rate, increased application or a combination of both.In saying this there are also just as many lenders who dont treat such entities as a money making venture and understand the…[Read more]

Terry is an expert on Asset Protection / Estate Planning so listen to what he has to say.Transferring the property will not benefit you and will only cost you duty as explained.In regards to going forward you would want to discharge your current loan and take out an investment line of credit rather than utilise any redraw etc and then use these…[Read more]

Income and serviceability is certainly important but one of the key factors in any successfully investing strategy is loan structure.You can always look to source alternative funding with a lender more generous in its serviceability if the loans are set up correctly in the first place.Debt recyling helps tremendously but there are also many risk m…[Read more]

Victoria trust me you will be in good hands with Jamie.CheersYours in Finance

I am also lost.Stamp Duty if purchased as an investment property will be a lot more than $3K (Try nearer $9K on a $300K investment property).I just cant see why you would do it that way around.If you claim it as your prime residence initially and then decide to rent it out you can still have your cake and eat it.All of your expenses become…[Read more]

Kat firstly welcome to the forum and I hope you enjoy your time with us.Sounds like you would want to be getting a second opinion as it could well be that your lender as Michale has mentioned is either wrong are ultra conservative when it comes to serviceability.I can think of a few lenders who would be like this when it comes to equity release…[Read more]

CBA may not have a clue so good luck.Just make sure that whoever you use sets it up correctly as it can be an expensive mistake if not done so.CheersYours in Finance

Sorry Samuel dont want to burst your bubble but you have no chance getting in finance for a $300-$400K investment property in Brisbane with only $20K deposit.The Stamp Duty and other acqusition costs could easily come to $15K and you will be lucky to get more than a 90% lvr assuming you Credit score up ok.I would think about going back to the…[Read more]