Hi JamesWouldn't have an issue with either option however structure is more important to ensure you maximise your Tax deductions as well as increasing your cash flow and net wealth.Personally i would go IO with 100% offset and if you have any question as to whether the property will be an IP in the future (even if it starts out as a PPOR) would lo…[Read more]

lifestylez, whilst you would miss out on the FHOG for the IP you would still qualify for it when you purchase your PPOR (Assuming it is still around)There are other perfectly good reasons why you would buy an IP first.CheersYours in Finance

If i may be so bold to go back to the original post made there are a couple of lenders i can think of who would take the total income into consideration rather than an assessed income made from the local valuer.Course i can see the other side of the coin from the lenders perspective and that is when i reposess do i really want to be dealling with…[Read more]

Hi Jessica Firstly welcome to the forum and I hope you enjoy your time with us.There are many factors to consider but personally i would start at the end and work backwards.What are you end goals?.    Do you want to sell and achieve some capital, pay Tax on the money and move on.Do you want to create an income stream and equity from the con…[Read more]

Hi WCAgree with above however try and not use the word Redraw as that is totally different as has been explained.Might want to consider a separate lender for the new IP loan.CheersYours in Finance

Hey Jamie keep up pal lolYou posted it 1 minute after me.CheersYours in Finance

Hi MattI have been up all niight reporting them and got an email from Steve too say that Dave will do it as soon as he is up.CheersYours in Finance

Personally i think it is bloody fantastic.Seems to me like Brissie is becoming cheap again.Sure Andrew will agree.CheersYours in Finance

Hi EngeloThe refinance barrier can be a problem in the current climate especially at the higher lvr's.Unlike JacM we refurbish all of our older properties and over half of my properties are multi unit blocks where we have purchased the entiire block inline from the original or current owner and then refurbished each unit to not only increase the…[Read more]

As Terry has clearly explained your assumption is incorrect.Maybe people at work are not the best for obtaining Tax advice from.CheersYours in Finance

Hi GHI assume you mean some new blocks being relases and not new blokes lol.You can put any condition into a Contract i.e due diligence, part vendor finance etc etc but remember that is not to say the Vendor has to accept it. If it is a fairly new development i think getting them to take some VF is going to be tough as they probably have to have…[Read more]

Admitedly it is not easy but i was lucky enough to buy at the right time in the right place and the right price.When i first purchased an Australian IP in 1994 in Albany Creek, Brisbane i paid $61,000 for the land and $121,000 to build it.Property is now worth around $520,000 and rents for $420 / week some 17 years later.Then went on to buy a…[Read more]

As Michael has mentioned not an easy one but not saying it cant be done.Without all of the data it is difficult to give you a full answer but at a 60% lvr can think of the odd lender who would give it consideration.Hardest part is going to be to retain that low interest rate.CheersYours in Finance

As Alistair has mentioned assuming everything else is ok then no reason why you cant finance 100% of coonstruction plus capitalised interested with a few lenders.Only difference is going to be the interest rate, application costs etc.CheersYours in Finance

Andrew totally agree an Option Agreement can certainly work for a purchaser but of course is the reverse for the Vendor of the property especially if it is an IP. CheersYours in Finance

Great first post Roger allways good to see a maiden poster promoting a business which is more than likely his own.No i have never used a appointment making service nor would i ever do so in the future.If you cant get referals from word of mouth or recommendation you wont go very far in the finance world.I fail to see how ringing someone and…[Read more]

Why cannot you not have them all as individual freehold properties especially if you dont have any shared services.If you decide to onsell any of the units this coould be the favoured way.Depending on where in Qld you are building the Council may agree to this.CheersYours in Finance

Why not post your information here on the forum for everyone to benefit as that way it sounds like you are trying to contribute rather than sell people your services at a property meeting..There are a few Accountants that give up their time and post regularly on the forum here as well as lawyers, financial planners, mortgage brokers and a variety…[Read more]

Stewart i think what Paul is saying is that whilst the debts maybe paid they will still be showing on your Credit file and financing the deal thru traditional sources wont be easy.I am currently in the UK however FHOG Pty Ltd a Wrap Company i own might be interested in looking at the deal if you wanted to email me over more details.CheersYours in Finance

What rate are you paying and thru whom ?CheersYours in Finance