Yes sure do.

Cheers

Yours in Finance

Hi Nan

The cost base of the property is adjusted by any Capital Allowance claim you have made during the period of ownership.

Your Depreciation Schedule will show you what you have claimed.

Other adjustments such as stamp duty, selling agents fees etc need to be made to the cost base before calculating your Capital Gain.

Cheers

Yours in Finance

Sha, sorry don’t want to burst your bubble but I had assumed you owned your own home unencumbered.

If you do not have equity / cash saved deposit you won’t buy an investment property.

You will need 10% deposit plus acquisition costs as a minimum.

Then of course your credit score with a car / personal loan will not be good.

You will need to…[Read more]

I started broking pre-aggregators in the late 80’s when qualification were not a requirement.

From memory i used Intellitrain for my Cert V which is now Australis College and they were very good.

As Jamie mentioned finding a good Aggregator is the hard part.

Someone like FAST, PLAN or Choice probably won’t take you on as a new broker so start…[Read more]

I started broking pre-aggregators in the late 80’s when qualification were not a requirement.

From memory i used Intellitrain for my Cert V which is now Australian College and they were very good.

As Jamie mentioned finding a good Aggregator is the hard part.

Someone like FAST, PLAN or Choice probably won’t take you on as a new broker so start…[Read more]

Hi Sha

Welcome to the forum and I hope you enjoy your time with us.

Do you own your PPOR outright or are you currently living with friends or relatives ?

If you own your home outright then a deposit would not be required as you could structure the new loan to ensure you borrow 100% plus all of your acquisition costs.

Depending on the rate of…[Read more]

Hi FTI

Whereabouts did he suggest you purchase and what sort of property.

I have a couple of properties on the SC and be interested to see where an organisation like that is recommending.

Cheers

Yours in Finance

Hi Mandy

Best property Accountant I can think of is Steve Hodgkinson who is a partner at the Gold Business Group – Southport and has been my Accountant for 20 years.

Steve is a forum member and an expert in Property Tax structures. Acts for dozens of forum members.

Tell him I sent you down and he will look after you as you will find most good…[Read more]

Hi Mandy

Best property Accountant I can think of is Steve Hodgkinson who is a partner at the Gold Business Group – Southport and has been my Accountant for 20 years.

Steve is a forum member and an expert in Property Tax structures.

Tell him I sent you down and he will look after you as you will find most good property based accountants aren’t…[Read more]

Hi Jaish

What is it you are seeking ?

Cheers

Yours in Finance

Good luck but don’t think you will find anyone to touch it.

Would be a coded loan as I am assuming you are intending to occupy the property for residential purposes so they will need to hold an Australian Credit License. Also be surprised any first mortgagee is going to consent to a second RM on such a security.

Cheers

Yours in Finance

Good luck don’t think you will find anyone to touch it.

Would be a coded loan as I am assuming you are intending to occupy the property for residential purposes so they will need to hold an Australian Credit License. Also be surprised any first mortgagee is going to consent to a second RM on such a security.

Cheers

Yours in Finance

Hi Patrick

It is a Company we launched earlier in the year where we provide 100% finance with a blended (85% thru a major lender and 15% provides by us from our private funds) loan to First Home Buyers.

Since inception the scheme has taken off and we have been inundated with applications here in Qld.

We are looking at expanding into other…[Read more]

Agree and that is why we intend to roll out No Deposit Housing to investors within the next 90 days.

Certainly exciting times ahead.

Cheers

Yours in Finance

Jan

Have a look at non APRA lenders is also another alternative.

Certainly doing a lot of deals in that space at the moment.

Firstly look to access the equity and then use this equity to go with a more generous lender for the new IP’s.

Always a way.

Cheers

Yours in Finance

Hate to say what might be an acceptable return for you might not be acceptable for an investor.

We get referred a deal a week from would developers wanting us to personally invest in deals they have found and i have to say very few of them ever meet our minimum yield and return requirements.

We find having the cash to do deals puts us in a…[Read more]

Hi Michael

Yes you might need 3 months permanent employment but few ways to get over that.

http://www.realestate.com.au is a useful web sight but of course a Real Estate agent will tell you anything when they are selling you a property.

Yes I agree most decent deals don’t get listed or when they are they go very quickly.

Being an expat even with a…[Read more]

Hi Michael

Welcome to the forum and i hope you enjoy your time with us.

We act for dozens of expat forum members whether it be arranging their finance or indeed engaged as a BA for them in sourcing an investment property. Being overseas when it comes to buying your first IP should not be a barrier at all.

In saying this financing such a deal…[Read more]

Might be slightly biased but i would not be using a Property Investment Company as you will be paying over the odds for a new property with a juicy marketing commission factored into the price.

We deal with a lot of forum clients who like the prospect of being able to manufacture equity by adding a second dwelling or subdividing the site down the…[Read more]

Macc getting finance lined up in Regional Victoria would be the same as if you lived in Helsinki or centre of Sydney as most applications are lodged online and merely a matter of gathering up certain documents.

Hate to say in 2016 lenders require a reasonable amount of documentation however a good investment orientated mortgage broker should be…[Read more]