Hi SonyaWe deal with about a dozen life Companies (although if the big Banks have their way they will reduce this number) and for investors find the most requested quotes are for either simple Term Life insurance or income protection.Many clients believe that they have income protection through their superanuation but more and more find that the…[Read more]

Yes 60% in every State with the exception of Hawaii & Alaska.

Well you could if the link was workingYou can actually get a copy of the presentation slide from this link: http://www.21stcenturyfileserver1.com/pdf/forms/PD07_2DayWorkbookPrice.pdf 

GOM Yes always like to correct some of the rubbish and misinformation out there.Amazing how many Brokers say it cant be done when often it is merely a matter of working out a way.

Borrowing costs are claimed over 5 Years or the term of the loan whichever is shorter  and proportionilised in Year 1.If you took a 3 Year Interest only loan then the deduction would be over 3 Years.

To correct a couple of posts:1) Yes interest incurred on borrowings to renovate your IP is certainly Tax Deductible.2) Interest charged on increasing your loan secured against your IP with the sole purpose being to pay down debt secured against your IP which was originally used to purchase the IP again is certainly Tax deductible.

Steve for your information if you provide finance in Perth you need to hold a Credit License to transact business in WA.Your mates at WWP dont appear to have such a license so maybe they cant help after all.

Heh Steve30 Posts and 21 of them refer to a referral to a Mortgage Broker and Property investment services.Not bad mate what cut do you get on each sale or are you the owner ?Perhaps contribute for a year or two first before you sell your services.

As i said there i am only aware of 2 standard lenders who will do lodoc construction irrespective of whether it be a refi or a bridging loan.

Hi GuysYou might like to contact Adam from the forum who runs a casual investor meeting night once a month in Melbourne.His email is *removed* A lot of the Melbourne members go along each month.

Where are you looking to buy House Call.There are some excellent Buyers Agents out there a couple of whom grace our site here.Alan Fox at Propertunity Pty Ltd is based in NSW and a forum member.He specialised in Sydney / Central Coast so drop him a line if you are interested in this area.info@propertunity.com.auJust financing a couple of forum…[Read more]

Duplicated Post

Hi TumuFirstly welcome to the forum and I hope you enjoy your time with us.Whatever you do dont listen to your Bank who certainly dont have any interest and from the sounds of it have little experience in structuring the loan for your benefit rather than there's.Look to take an equity loan against the current PPOR for an amount of 20% of the…[Read more]

Hi TumuFirstly welcome to the forum and I hope you enjoy your time with us.Whatever you do dont listen to your Bank who certainly dont have any interest and from the sounds of it have little experience in structuring the loan for your benefit rather than there's.Look to take an equity loan against the current PPOR for an amount of 20% of the…[Read more]

As Terry mentions it is the oldest chesnut doing the rounds and is incorrect.Rather than go thru the reasons why just do a search and read what has been written on the subject before.

I would disagree about obtaining finance in the US.I have been involved in financing deals for UK citizens introduced to me through a Investment Property firm based in the UK for over 10 years and acting for Australians for about 6 years. Yes it has become a little harder and many of the US lenders i deal with are no longer with us but if you…[Read more]

Patrick Regretfully the days of Westpac going to 85% lvr without  LMI have been and well gone.

CoxyCosts sounds about right but i would get the equity loan set up now and then look to use a separate lender for the next investment property. Keep them separate.

GrantFirst thing you might like to do is remove that Cap Locks on future posts.You mention you have $50K equity is that actual equity or usable equity as there is a big difference.What you need to do initially is get your current lender to revalue the current home and advice you how much they would lend against the property by way of an equity…[Read more]

Hi TomThink we have been this route before.There is only 2 standard lenders left i am aware of who will do lodoc construction in the current climate and the interest rates are not attractive.Refinancing a lodoc deal is also an issue in its own rights.Both loans would need to be done on a declared income basis.