AndrewWhere is the property located ?CheersYours in Finance

Hi BrisInterest only gives you flexibility as you never know you may decide to buy another PPOR down the track (where of course the interest will not be Tax deductible) and want to use the funds in the offset account as the deposit.if you have paid off the loan then you will have issues in trying to split the deductible interest / non deductible…[Read more]

Even if the lender offered interest free repayments for the next 5 years you would need to pay down the principal at a rate of nearly $2000 / week.I am not sure what sort of income you are on but if at $200K per annum you wuld struggle to do this post Tax and living expenses.Oh and by the way if you do find someone to lend you $510K interest free…[Read more]

GOM with great difficulty hence the issue in financing thru standard lendersWe did arrange finance for Yorknxy but she didnt want to take it up.CheersYours in Finance

has amanda and that website disappeared ?I believe regretfully so.Steve has some excellent resources in his online shop and as he funds the forum i believe we should where possible support him.CheersYours in Finance

Hi CassieI do a lot of public speaking for similar property groups to your own on wealth creation and i started my property portfolio so would be happy to be involved.Stick me on your email list.CheersYours in Finance

Yes as long as your name was not on the Title of the first property and you were claiming it as a PPOR.CheersYours in Finance

Hi BrisulFirstly welcome to the forum and I hope you enjoy your time with us.To answer a couple of your questions:1) The rent received on the property will need to be declared as income however the expenses incurred as a result of this will be deductible. I am assuming that the property is held as Joint Tenants so the income / deductions will be…[Read more]

Reginald, i hate to say as a minor lender probably not going to find too many clients use them for their funding.In saying that probably the CEO of PMG will probably join tonight and tell me what a good outfit they are.CheersYours in Finance

Cant see any issue with Jamie's suggestion and is what i started with and what i still recommend to investor clients today.CheersYours in Finance

Hi CasieFirstly welcome to the forum and i hope you enjoy your time with us.I hate to say although i have personally completed dozens of such deals over the last 10 years if you thought that the finance market had improved for such lending then regretfully you are very much mistaken.Of course with equity or cash things are different however…[Read more]

A combination of both.I am suprised he doesnt think you would not need an ACL given that you are advising on Credit Terms.CheersYours in Finance

Cath'Before you advertise for your JV partner have you obtain your Credit License under NCCP.I for one as a potential investor would want to make sure that the person i was dealing with was Licensed and your wesbite doesnt seem to show the License Number.CHeersYours in Finance 

KerenWhich City ?Which Southbank ?There are more than 1.CheersYours in Finance

Guess it is going to boil down to what equity you can access and what you service in the way of borrowings.You can always make money when you have money it is just starting out can sometimes be hard.Fear not we all started somewhere.CheersYours in Finance

Elemental i have PM ed you very good contact with LJ Hooker in one of the suburbs you have mentioned.Shoot me an email with the address you are looking at and I will send you the Residex report.CheersYours in Finance

PJI am not saying wrapping wont work in fact i am still a Director of First Home Owners Group Pty Ltd which is a  Company we set up to specialise in wrapping and have done very nicely thank you out of it over the last 10 years.The income certainly helped me pay down at a quicker rate than i could have done so my portfolio of B & H properties i…[Read more]

There is no legal requirement to actually use any of the utlities. In fact if you claim the property as your PPOR but during the week are offered free motel accomadation as part of your employment and only return home at weekends then this is totally acceptable.Also is you sat in the dark and tried to save $$$ and only had the minimum useage then…[Read more]

Hi SueeHaving the power, water and telephone in your name although the postal address is a PO Box would normally be sufficient evidence of  residency.CheersYours in Finance

Hi EleFirstly welcome to the forum and I hope you enjoy your time with us.How far North are you looking at ?I have some excellent Real Estate contacts on the Northside of Brisbane so let us know and I can give you their details. You are more than welcome to give them a ring and pick their brains about the areas.Most of them have been around for…[Read more]