Dave, assuming you have clean credit, good repayment history and can prove your income fairly straight forward to 80% lvr.

If the property is a PPOR there are some excellent equity loan products around.

Cheers

Yours in Finance

Your loan manager will NOT offer a Nodoc Non Coded loan.

Cheers

Yours in Finance

Hi Aki

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

Couple of quick answers:

1) No financing a deal in a new Trust is not difficult if the Trust was set up purely as a Holding Company.
2) Unless you are buying at the lower end of the market you wont finance a deal with a lvr > 90% so 20K will not be sufficient as a deposit for…[Read more]

Why not look at a Put & Call Option in a State where there is no Stamp Duty on Options.

Something we are very active on here in Qld with prospective Development sites.

Cheers

Yours in Finance

Hi Corrine

Are you looking for a Buyers Agent in Tas ?

Cheers

Yours in Finance

If you are doing it in a Company structure then there won’t be a CGT issues as all profits will be charged at the Corporation Tax rate.

Cheers

Yours in Finance

Or alternatively look at a Non Coded Nodoc Loan.

Sure the interest rate won’t be nice but if it is merely until the end of the new financial year so a matter of months doesn’t matter in the scheme of things.

Cheers

Yours in Finance

Hate to say equity does nothing to evidence a capacity to repay.

Cheers

Yours in Finance

Hi AM

Do they have to be Northside.

I am based Western suburbs but have clients all over the State.

If you wanted to flick me an email be happy to make some suggestions.

Cheers

Yours in Finance

Hi AM

So they have to be Northside.

I am based Western suburbs but have clients all over the State.

If you wanted to flick me an email be happy to make some suggestions.

Cheers

Yours in Finance

Hi Karen and June

If you want to flick me an email i will send you an article i wrote for the API magazine on why you should not cross collateralise your loans.

Cheers

Yours in Finance

You will find it hard to source properties that are cash flow positive even on an interest only basis assuming you are borrowing 100% of the purchase price + costs.

As Terry mentions the type of loan has very little to do with the property selection process.

Cheers

Yours in Finance

Hi traceanddave, Anku

This what the forum is for sharing information and learning from others.

Don’t worry we all started someone where.

Purchased my first IP in Australia in 1994 and 10 years later was lucky enough to be retired from the workforce living off my rents but only started by accident and reading and learning from others.

Ask as…[Read more]

Hi Tim

What is you are wanting ?

Cheers

Yours in Finance

Sam

You might want to read some previous post on this organisation before you part with your hard earned.

As Dave says who defines whether the property is below market value.

Trust me you won’t get any Bank valuer tell you in writing the property is valued more than you paid for it.

Also what is the definition of a positive cash flow…[Read more]

Hi Bond

Yes definitely suggest you get them restructured now.

I can’t believe your broker didn’t point out the negatives when you did the last loan.

Cheers

Yours in Finance

Hi Bond

If you intend to purchase again I would certainly uncross the loans and start afresh in order to ensure you can access the equity for a future deposit etc.

There are very situations where crossing your loans makes sense.

Cheers

Yours in Finance

Purchasing at a so called discounted price will not reduce the amount you have to put down as deposit as a lender will only lend against purchase price / valuation whichever is the lower.

Very unlikely you will see the valuation come in at more than the purchase price and even if it did your borrowings would be unaffected.

Cheers

Yours in…[Read more]

You need a valuation ( paid for to registered valuer) = Not quite correct.

The ATO specify “PREFERABLY be undertaken by a suitably qualified and experienced person in relation to the asset being valued”.

Cheers

Yours in Finance
0-40 Properties in a decade.