A search on the Company will give you others views as the question has been raised previously. Cheers Yours in Finance

Hate to say if you are merely after the cheapest rate then Citibank is not necessarily the way to go.Shoot Michael a line as he has already provided you with some information and i am sure he can sort you out.CheersYours in Finance

Again amazing how many first posts from happy attendees.Mk escort sorry mate NO neither Rams or Bank West will accept such applications.Matthew C may i ask you as you have done a few deals do you have an ACL?CheersYours in Finance

Think we answered this question on a similar post you placed.CheersYours in Finance

Hi AlexWhy dont you post the information here so we can all learn of where we can access our US Finance from?CheersYours in Finance

Thanks guys for your complimentary maiden posts.I assume both of you hold your ACL's?Can you tell me which lenders knowingly accept finance applications where the properties are to be onsold thru a Rent to Buy basis, Instalment Contract or even flipped.I still stand by what i said (And trust me i have a fair amount of knowledge in the area of IC /…[Read more]

Agree with Michael that your Broker or Banker would have to decline the deal based on this knowledge going forward.Had a deal not so long ago where the client resigned and after Formal Approval the lender rang the employer to speak to the client only to be told he was no longer there. I knew nothing about the client's resignation and the Formal…[Read more]

In the current climate "Goodluck".There is no Australian lender that will take a US property as security although obviously if they have equity in their Australian properties that is a different storyWe used to have dealing with 6-7 US Banks and successfully processed 101 applications but that was in the good old days.CheersYours in Finance

Eh nope …. hate to say.CheersYours in Finance

Terry sorry bad use of words.Was referring to the particular Accounting firm who claims their Trusts are "Special" to them.You are right about the magical powers you cant access them until you have paid over you $$$$.CheersYours in Finance

Remember to be able to offer Credit terms to a potential client you need to be Licensed for starters.Also not too many lenders out there taking applications for clients who intend to wrap or onsell thru a Rent to buy scheme.Steve McKnight had his own Wrap Pack for sale many years ago and whilst i believe it is out of print might be able to find…[Read more]

Dr doomGreat in theory but i hate to say couple of points worth noting:1) You will pay CGT on the partial sale but i guess that can factored in.2) The investor will also need to be on the loan so will need to be happy to be Jointly & Severably liable for the entire debt.Good luck in finding someone who wants to take over your debt.CheersYours in…

r crawford whilst you might think that a Commercial property is the way to go in the current climate financing the deal is a lot higher than it used to be and probably maxing out at around 65% lvr depending on what it is.CheersYours in Finance

Totally agree with you Michael but at the end of the day i am not doing WC Tax return lol.All i would say is "Good Luck" and hope the ATO inspector is having a good day when he does the audit.CheersYours in Finance

Agree with Terry any commercially written book usually refers you to a Commercial written Trust which they have the patent on.Course financing a HDT in the current climate can also be interesting.If you thought most Accountants dont fully understand them wait until you mention it to a BankerCheersYours in Finance

Jessica you make a profit by buying well.Assume the property was 100 Sq Metres then an estimate of construction cost would be $100,000.To work our your Tax position you need to take the net sale price (after agents fees etc) of the 2 / 3 properties and deduct all of your expenses i.e land acqusition costs, construction etc etc. This will hopefully…[Read more]

Hi JessicaOk well if the end goal is to sell and come out with a profit to buy your own PPOR then you need to factor in Tax and selling costs in your overall calculations.Construction of a single storey duplex with a standard builder should come in a lot cheaper than $1000 / Sq metre however is a good guide especially if the block requires work or…[Read more]

Hi WCDont fancy your chances on that timing depending on who the PPOR loan is with.Your new lender will not approve the finance until they have evidence of the deposit funds and you cant provide them with this until the existing lender has approved the increase loan.Then you have documentation etc and have to settle.As i say depending on who the…[Read more]

Cath whatever you do make sure you get a separate independant valuation to whatever the so called "Property Group" gives you.Your Mortgage Broker can order this for you and if your Contract is subject to finance you always have an exit clause.CheersYours in Finance

I would echo the fact that Andrew is a local boy and knows his stuff.CheersYours in Finance