All depends if you mean move and give away or relocate.Many of the removalists (Drake etc) will take it for free if you are giving them the house.Relocation is a different kettle of fish and will depend on the Council are you are relocating it to.CheersYours in Finance

CHR hate to say that has changed.If you subscribe anyone can access RP Data not just an Agent.CheersYours in Finance

In some States it will be cheaper to transfer the ownership prior to making the property an investment property.This varies in each State so check with the local OSR.CheersYours in Finance

Ben you just get to learn who to deal with and who to steer clear off. DD is important and if you have a good rapport with your BDM and you feel that they can genually add value to your business by getting things actioned then they are worth getting to know. So many BDM's are like wooden puppets and we dont even let them through the door.As the…[Read more]

Hi Bill regretfully not.A separate Trust is required and most lenders require a Corporate Trustee anyway.CheersYours in Finance

Hi CloserYes done correctly the Unit holder can claim the negative gearing deductions.I have done hundreds of such transactions for forum clients over the years.With the right lender and structured correctly you wont have an issue in borrowing in the Trust name with a competitive rate and set up cost.CheersYours in Finance

Heh JamieI am jealous you dont have as much grey hair as me lolWell done mate.CheersYours in Finance

Closer, Selling the property to a Family Trust wont help you claim the negative gearing deductions as losses are closetted within the Trust itself.You would be better off to sell the property to a Unit Trust structure with you holding the Units.CheersYours in Finance 

Bill remember if you purchase 2 individual properties you will need to set up 2 separate Bear Trusts.CheersYours in Finance

Like MichaelNumber of applications is slightly overwhelming at the moment so wont give you a full answer now.Save to say the No LMI on <85% lvr's is likely to have been withdrawn by August.The banning of exit fees will see a lot of changes take plae for lender to recoup their costs.CheersYours in Finance

Kent, Yep good clarification.CheersYours in Finance

Hi WadeWith only 25k equity i think you are going to struggle.Dont forget it most cases the GR lending will be based on Net GST sale price.CheersYours in Finance

Hate to say if your husband is 18 months out of bankrupcy your choice of lenders will be fairly limited.Using a Trust structure will not you around any potential serviceability issues.Without knowing the actual numbers it is difficult to comment but i think you will find that your husbands income is required depending on your eixting…[Read more]

All boils down to serviceability and lvr.Done residential you wont find a lender lend against Gross Realisation so will be subject to your overall equity / cash position.Remember when you demolish the house you are borrowing against land value only.If you have genuine pre-sale doing it Commercial might be worth considering.Not a matter of 1…[Read more]

Hi JoePurchasing a House and Land package in a SMSF can certainly be done but constructing a property cannot.As for buying an NRAS property not an issue.CheersYours in Finance

Hi JoeNot a matter of finding a lender / broker to assist you it just cant be done.Option is to fund it personally but other than that get the builder to fund it and you purchase it as a completed product.CheersYours in Finance

Sorry Kent that statement is clearly 100% incorrect Under the new NCCP it is not be possible to capitalise interest.CheersYours in Finance

Hi MichaelSettled an 8 pack with Wide Bay here in Brissie this week which was done as a residential deal.I have a block of 18 (14 x 1 + 4 x 2) which i own and managed to fund that on a residential basis but that is a long story and a very good relationship with a major lender.CheersYours in Finance

Hi CazzieFirstly so sorry to hear about the death of your daughter.Drop Paul Dobson a line as he does a lot of Vendor Finance out of the Newcastle area and i am sure always has investors ready to go. Do a quick search in the Finance sector and you should find Pauls contact details.CheersYours in Finance

Maybe i am slightly biased but i would say is your Bank is not going to tell you there is a better offer down the road.CheersYours in Finance