Put it down as deposit.

There is no requirement to put down 10%.

Purchased many a Million dollar property with $1000 max.

Cheers

Yours in Finance

macc, firstly welcome back.

There is no minimum deposit amount required so why would you get a line of credit set up on one of your existing unencumbered properties and then draw on this to top up the deposit if required.

At the same time set up the finance for the new IP.

It is fairly standard and something most Brokers do…[Read more]

Pop into the local police station and ask them their attitude on crime rates in the streets in question.

That and a drive around the area at varying times of day should give you a good indication as to the activity.

Cheers

Yours in Finance

Hi Robert

To be able to incorporate a stamp duty calculator or LMI estimator into Excel shouldn’t be particularly difficulty.

Just get the figures from the OSR State you are looking and copy in the formula.

For LMI just run off Gemworths calculator. Whilst each lenders scale will be different at least this will give you a useful guide.

You…[Read more]

Hi there

I think if you can find a multi unit block at the right price it may well prove to be a good long term investment.

I sold last year a block of 18 units on 1 Title here in Brisbane and have another of my 6 x 2 blocks under contract at the moment.

I have owned these for some 15 years and have proved an excellent buy for me. Still holding…[Read more]

Hi there

I think if you can find a multi unit block at the right price it may well prove to be a good long term investment.

I sold last year a block of 18 units on 1 Title here ion Brisbane and have another of my 6 x 2 blocks under contract at the moment.

I have owned these for some 15 years and have proved an excellent buy for me.

There are…[Read more]

Hi Steve

Very informative. Brisbane and SE Qld is still crazy with enquiries from locals outside Qld as well as expat’s / non residents and this can only increase going forward.

Cheers

Yours in Finance

In most cases you won’t have to actually make the monthly loan repayments but can have the interest payments capitalised into the loan and paid out when the current PPOR sells.

As Terry mentioned stamp duty can still be paid as though it was a PPOR.

Cheers

Yours in Finance

Hi Pete

Benny has made some good points.

Like any industry there are good and bad operators but you always ask the firm you engage how do they get paid.

If you the buyer are paying them at least you know the cost involved.

If they tell you their services are free then someone has to be paying them which is often the developer or seller.
Any so…[Read more]

Hi John

Just wondered if you hold an AFSL ?

Cheers

Yours in Finance

Hi Bla

Yes the demand for reasonable yielding properties with subdivision opportunity is overwhelming.

No reason why you shouldn’t be able to fund something sub 400K.

Cheers

Yours in Finance

You certainly can’t go past Jamie who has already responded to you post.

Cheers

Yours in Finance

Hi Jono

Your Professionals don’t have to be locally based as this day and age most loan application are done by email etc.

Jamie Moore is Canberra based and is an excellent mortgage broker with a healthy investment portfolio.

Send him a Private Message or shoot him an http://www.passgo.com.au

Not quiet Adelaide but a good 3 Wood away.

Cheers

Yours…[Read more]

Lewis there is no such thing.

You will need to get a few builders to give you quote and gauge them accordingly or ask your Architect whether he has any recommendations.

Cheers

Yours in Finance

All they have done is follow the line other lenders went down previously.

Nothing really new in that.

Cheers

Yours in Finance

Ok Hemi not sure where you sent it but not received our end.

Cheers

Yours in Finance

Hi Hemi

As long as you can show evidence of funds to complete away from the Vendor Finance i don’t think you would have an issue.

Our new Company No Deposit Housing Pty Ltd provides 100% finance to First Home Buyers by way of a secured second mortgage and we do this with the consent of 6 major lenders who have approved the…[Read more]

Yes hullo if you subscribe too Veda.

Cheers

Yours in Finance

Hi Hank
At the moment we only lend in Qld where we broker the deal.
In the first week alone we received 36 applications so matter of growing slowly in order to keep up with demand.
Cheers

Yours in Finance