PcuserWhen you say equity is that actual or useable equity.Does that take your loan to 80% or 90% of the current value as there is a big difference.There are quiet a few variable to be able to answer your question but that is a good starting point.

Or the client failed to tell you the finance you arranged on his land and construction was actually for residential development and he sells the property post construction cleans up on the sale and you loose 100% of the upfront.Then has the nerve to ring you and tell you he has more business for him.At which time you politely tell him you dont…[Read more]

A Lodoc / Nodoc loan would only be required if you are unable to substantiate your income thru you last 2 Years Tax returns.Due to your occupation it is not as easy as it sounds but as mentioned we have financed another client in exactly the same way recently. Only issue i could see was if you are not registered for GST (and probably not required…[Read more]

Hi JimOn the basis you dont need to part with any money until the settlement of your PPOR i cant see an issue in arranging the finance on such a deal.I have a client in exactly the same boat as you who has been trading derivatives for 20 years and whilst many lenders didnt like that as an occupation his net worth is substantial and we managed to…[Read more]

TJMCFirstly welcome to the forum and I hope you enjoy your time with us.Normal structure we recommend to clients is along the lines as follows:1) Look to take out either a Line of Credit or Investment loan sitting in behind the initial loan for the principal place of residence and then use these funds to draw down to cover the deposit and…[Read more]

IPPurchasing your wifes interest in the property would not incur Stamp Duty in NSW under from memory Section 8 of the Duties Act in NSW. Of course once the property becomes an IP this is a different story.Also need to be careful how you structure the deal to maximise your deductions.SImply what you are wanting to achieve is a shift in the debt f…[Read more]

As Banker mentions policy varies from lender to lender.There are lenders out there that charge to have their in-house legal depts assess the suitability of the Trust Deed and the Company Constitution and there are lender that dont.In saying that there are lenders that charge application / valuation / on going fees and there are lenders that…[Read more]

Think i would give it  a wide berth.Unless you are seeking a very low lvr yourself you may that your Bank wont fund the deal if the property is only part complete.

What was it 4 out of 131 recommendations taken up.Still we have a budget in the non too distance future (like next week) so may get a few uncontencious recommentations added then.Wont be until post election time will you see any real changes.The Mining Tax and the Super increase must have been the worst kept secrets in town and i think you will…[Read more]

The new Super Tax is based on Profit and not like the old days when they were Taxed on Royalties.Cant see any long term effect to property investing in these areas whatsover.

As Terry has mentioned as long as your existing PPOR is in an area where you feel you can achieve a good rental return and the area has good capital growth prospects then I wouldnt sell the property in the open market.However in saying this if the property is owned Jointly I would certainly do the numbers on you buy your wifes share to maximise…[Read more]

Most lenders understand a Family Trust structure however the costs for establishment and the potential rate discounts may vary from lender to lender.Personal Trustees will give you more scope for negotiation as with a Corporate Trustee some lenders will not offer the Professional packages etc.Certainly will NOT help you increase your borrowing…[Read more]

THGHYes sure you could certainly save 0.6% with the 0.5% increase and the 0.1% you receive for the prepayment.

Hi newEasiest way to structure the loan is to look at taking a separate loan secured against your PPOR to either 80% or 90% of the current valuation and then using these funds as deposit on the land,Separately take out a standalone loan secured against the land and on going construction.Consider using a separate lender to avoid cross…[Read more]

The Title owner is the one deemed to be the owner of the property and is who can claim the interest deduction.

Nitro1) is doable but 2) isnt and would mean the fund would have to liquidate the assets and roll the fund back to a retail fund.Arguement being that if the Trustees are not in town how can they be performing the job of managing and assessing the Funds assets.

JuergenThats totally understandable. Sorry to hear about the situation.

Sorry to say if you are moving overseas then the Fund will be non complying as the Trustee will not a Resident.

JuergenWhy not post some questions on here and we can all respond.

I agree with Wealth about the over compliance. What next we will be providing personal guarantees over the performance of any investment.A Financial planner cannot receive any commission from an investment what a joke all because of a small percentage who do the wrong thing when it comes to greed. To me many small investors will suffer and not…[Read more]