Must admit never found Trusts slowed up my financing for properties and i have my entire portfolio in 5 separate Trusts with the exception of my PPOR which is in my wife's name.I am with Terry if you have gone the PIT route good luck on both finding a lender in the future and also surviving an audit..

Hi StarbudDont want to put a dampner on the deal (especially being my 7000 post and all that) but even if you lived in the property and claimed the FHOG and Stamp Duty Concession (assuming you were both elligible to receive these) you would need more than $20K deposit.On a $300K house even if you managed to get a 5% deposit that is $15,000 and…[Read more]

Hi ErnieFirstly welcome to the forum and I hope you enjoy your time with us.You have to ask yourself how did they pick me to telephone in the first place and when you realise they probably rang everyone on the phone page that day you realise you are no one special.You have to understand these companies prey on the vunerability of potential…[Read more]

More information would be need to advise you further but many lenders out there at the mo doing Nil application, val or legal costs and no ongoing monthly or annual fees.Interest rates very competitive.Drop me a note if you need anything else.

Why not look at refinancing your IP and switching to a lender with no fees or charges and taking the LOC out on here.Last thing you want to do if you can help it is take out the loan on your PPOR.Just most people starting out dont have a choice and to buy their first IP use the equity in the IP.There are some good investor loans out there at the…[Read more]

GOMYou would suprised how many client from the forum all over OZ i have referred to him who actually fly up once a year to sit down and work thru their portfolio.Given that it could be Tax deductible i guess coming to the Gold Coast is not a bad place to come to after all.

Yes both from mortgage broking, financial planning and 14 years of doing my own developments.

BrotherWelcome to the forum and I hope you enjoy your time with us.I assure you there is plenty of money out there for investment just all boils down to the level of risk v return.Professsional developers are paying anywhere upto 20% for private funds to complete their projects and they do it for a living so you would need to offering something…[Read more]

Hi BenHaving been in the industry for over 20 years and a substantial property portfolio myself i find that working with clients is not a matter of just trying to get them the cheapest interest as no 1 lender will be able to guarantee this.Most clients are more interested in structuring their loans to ensure their securities are not cross…[Read more]

95% lvr is available for both.In saying this you would probably need to have other assets or a PPOR with some equity in it to get a 95% LVR on an IP.

Hi BenSure http://www.gold-group.com.au/We are based in Brissie but have clients all over Australia.

Dont worry Ben Steve is a great guy and more than knows his stuff.Many a forum client here over the last 10 years have been pleased they have had dealings with him.

BenOr if you would prefer someone based on the Coast and a forum member try my AccountantSteve Hodgkinson – Gold Business GroupPhone: (07) 5532 2855Fax: (07) 5532 4563Email: enquiries@gold-group.com.auSteve is an expert on property structures and has advised many of my forum clients.Tell him i sent you and he will look after you.

Yes nothing like being backward about coming forward.Sure we expect everyone to rise but CBA announced it 4 minutes after the RBA.

Yes work very well here.

RyanYes i would agree with a comment Terry posted some time ago that most lenders wont lend knowlingly where the property is being onsold by a way of an instalment contract.We have to have National Credit Approval to do so with FHOG Pty Ltd.Mr A holds Title to the property and if he has a mortgage this is secured against the property. Sharon can…[Read more]

Mr A negotiates a lower price than Sharon was paying for the property as her finance has been declined and she has lost her power of negotiation and then onsells the property to her at a higher price.Buys property for $200,000 and onsells if for $220,000.Charges her a margin over bank rate or whatever yardstick rate he uses and she pays P & I on…[Read more]

Certainly is copyrighted but happy to give away a copy of the book to any client as a present.

Sorry Ryan you are wrong.I spent 14 years running and owning First Home Owners Group Pty Ltd (A specialist wrap company) and thats all we did. Take applications from people like Sharon who wanted to buy a house and had traditional finance declined.We then purchased the property and wrapped it to her the same day.The point i was making on the…[Read more]

Heh GOM i was serious lol.Dont something similar many times before.