Hi BobThe question of whether to use a Deposit Bond over Cash all depends on the length of settlement, the return you are getting on your invested funds etc etc etc.The reason Deposit Bonds are used are most people dont have cash to front the deposit as they are borrowing 100% + Insurance companies are in the business for pricing risk so charge…[Read more]

Terry has laid it out perfectly.Trust me it does not work and no lender will allow it.The only way you can buy multiple properties is pay down debt, reduce liabilities, increase income.Obviously lower interest rates can help but it all boils down to structure.Structure it correctly and you should be able to keep on buying, structure it poorly and…[Read more]

Guys ever thought it could be Spam.CheersYours in Finance

Very close Ian.Just need a couple of days when i dont get in 3 or 4 deals to finish it off.Even took an enquiry Xmas day so that shows you how busy it is at the mo.CheersYours in Finance

I would not purchase 5-10 properties in my own personal name for a number of reasons.Setting up a Discretionary Family Trust is a fairly inexpensive and painless exercise and if the properties are +cash flow then gives you a multitude of options when it comes to income distribution. Course you might want to bolt on a Company Trustee which costs a…[Read more]

Hi thereSorry to hear about the epilepsy.Not at all you certainly your disability pension income would be considered by a few lenders however issue would be how much you could borrow.The usual responsible lending criteria would be applied under NCCP if it was a home loan you were looking at so would largely depend on your available deposit and…[Read more]

Hi 3rd DegAny utilities connected in your name or Voters Roll evidence should be sufficient.CheersYours in Finance

Hi thereIt is slightly an ambigous question.If you mean "Can i withdraw my Super and use as deposit on a block of land which will be in my own name and then take a loan out in my own name for the balance" the answer is NO not unless you are applying to withdraw under the hardship provisions.If however you mean "I have set up my own SMSF can i use…[Read more]

Bank of Melbourne Max lvr for Com is 70%.CheersYours in Finance

Really 75% lvr on a Com security under $250K you learn something new every day of the week.CheersYours in Finance

Ian Yes have a couple of lenders in mind who would look at the deal.Must admit you have lost me on the LOC comment unless you are looking at funding the deal to your SMSF yourself and not looking for external funding.CheersYours in Finance 

Yes as long as the security is acceptable you should be able to get 70% lvr.CheersYours in Finance

Michael my sentiments exactly.Hardly call Resimac competitive when it comes to interest rates and well who knows who will be owning your loan in 6 months time. Could well be a German Superannuation Fund or a Bank of Mellon Investor the list is endless.Remember the flight to safety after the GFC well the same is true now.And dont let your Broker…[Read more]

Hi bothFirstly welcome to the forum and hope you enjoy your time with us.Always good to see some fellow Brits on board.For standard retail office security you should be able to get upto a maximum 70% lvr with certain SMSF lenders however you are right 50-65% is the norm.The proceedure you are suggesting about your wife's company renting the…[Read more]

Hi bothDepending on the type of Commercial security you might be able to go to 70% lvr.Also there is no legislative requirement what percentage you can as long as the Investment strategy drawn up by the Trustees does not stipulate such.CheersYours in Finance 

Hi TaylorI have just emailed you the article as requested.Sorry Jameswood just read your post.Financing in the US is something we were doing a lot of up until 3 years ago when all of the US lenders we were dealing with went belly up (I.e World Savings, WAMU, Indy Mac, Countrywide). I am from the UK and Yes you can get finance over there for…[Read more]

Yes Wade couple of things.Firstly getting a high lvr on vacant land without the requirement of having to build on it within a set period of time (i.e 12 months) might be hard than you think.You cannot claim depreciation on the land and claiming interest on the loan might prove harder than you think given that you dont have any immediate intention…[Read more]

I think if i was only able to afford the monthly committment on a $150K property i would either look at bedding down and doing some serious saving (as i mentioned you wont be able to borrow a very high lvr against a inner city cbd apartment so will need a decent deposit) or altrnatively look at buying a regional property and rent it out for…[Read more]

May i ask how you know that $150-$180K is your limit ?You certainly wont get anything much in Brisbane for that much.CheersYours in Finance

MimmoYou will not qualify for 2 x FHBG unless the property has separate Titles and you purchase one each. Certainly you may qualify for the Stamp Duty concession as long as you meet the State requirements.Whilst you can certainly owner build a property and claim the Grant you will need to have a decent deposit as 70-80% maximum lvr would be…[Read more]