Hi CatlystYou are referring to the Portfolio product the Dragon offers with 10 splits.If it is done under their Professional package it is a condition of the package that all loans are crossed irrespective of the name and security shown on the offer letter. CheersYours in Finance

My god whats your name John Daly……CheersYours in Finance

Hi NurseIn addition to Jamie's excellent comments I would also ensure that the loans are standalone and not crossed collateralised.This will make life easier when it comes to unlocking the equity.CheersYours in Finance

Hate to say it means cross collateralising securities so would never recommend it to a client.CheersYours in Finance

What do you want to know.Most experienced property investors have used Call Options in their developing.Hardest part is getting the Vendor to agree to accepting an option.Rest is fairly straight forward.CheersYours in Finance

Most long term investors dont negative gear.i dont own a single property that isnt considerably positively geared.CheersYours in Finance

AjayYou may want to sell 1 or more of the units hence the reason for Strata.CheersYours in Finance

As i said it is not Tax deductible but added to the Cost Base there is a big difference.CheersYours in Finance

AjayThe property doesnt have to be Strata Titled for the units to be rented out individually.In many cases landlords (and i have 2 such blocks in Brisbane) will not Strata Title them because they dont want to have the units individually treated for Council Rates or Land Tax so keep them as a multi purpose dwelling.CheersYours in Finance

Are you sure about that Your trip over is a taxable deduction.CheersYours in Finance

Yes Spiro 2 weeks left there with Anz.Agree Marty interesting stance that the emphasis is now on the Broker under NCPP with some lenders.CheersYours in Finance

Jamie who post here is in the ACT and by my geography that is only a good 3 iron away.CheersYours in Finance

Hi TerryYes Anz Lodoc 60 requires BAS from now on whilst Lodoc PAYG disapeared some months ago.At the moment NAB still do P & I Lodoc on their SVR or LOC product (Not interest only) on stated income but talking to them today this will likely change before Jan 1 11.Suncorp have announced a change as well so limited market when it comes to Stated…[Read more]

Assuming you are happy to cop some LMI and based on the fact that you can service the loan then should be able to borrow in the region of 450K.Couple of ways of going around this but in the end boils down to level of confort.CheersYours in Finance

Yes put 2 deals in with Anz under the old system at the start of the week and got approvals today in the nick of time.Think this will be across the board with major lenders as they comply with NCPP.CheersYours in Finance

B.I.G meet out at Salisbury once a month and discuss all aspects of property.Have some good guest speakers.CheersYours in Finance

Just to correct your post the National Consumer Credit Protection code has nothing to do with it making it more difficult to borrow or arrange finance in the US it relates to the licensing requirements and the stance registered Mortgage Brokers in Australia wish to take.Any Broker that applies for their own ACL certainly has no issues in arranging…[Read more]

Try alternative lenders as not all leopards have the same number spots.Take rental income for example. Most lenders take between 75-80% yet there are some that take 100%.Serviceability Rates – most lenders apply a margin of 1.5%-2% on top of their standard variable rate however some only apply 0.6% and take the actual repayment where they are not…[Read more]

Private lenders dont keep these offers open forever and a day so the offer had a acceptance date.This stops customers merely using the offer letter as a tool  to approach another lender and try and negiotiate a lower rate or better Terms.CheersYours in Finance

SparkysAssume that you paid down $50,000 of your investment loan balance and then decide you need to purchase a motor vehicle for $20,000 or use the entire $50,000 as deposit on a new PPOR.You redraw the $50K from the investment loan account.Trouble now is that the purpose of the funds is not for investment and therefore the interest is not…[Read more]