Hopefully you got my response in the finance section.

Hi WayneYes would agree in the main regional properties will give you greater cash flow and also open up other +cash flow strategies such as wrapping etc.Remember structured correctly you could sell your PPOR and would have no bearing on your individual IP's.

Hi KyanNo what he would do is reduce loan on IP1 to 80% of the market value and take suplus borrowing on PPOR. I have another forum client who was in exactly the same position with his Bank who we are working with at the moment.Seems to be a common thread than Banks like more security than necessary.If in doubt get him to contact a mortgage…[Read more]

Well CBA & Anz didnt long to answer the call and have only raised 25 bhps.

Agreed Dan but i think some of the publicity they have received over this in the past may make them think twice this time.Credit markets definately starting to open up again with second tier lenders becoming more attractive by the day.

Yes they are instructed by them as mortgagee in possession.

I agree with Terry that having equity in your properties enables you to push out the barrow a lot further than your standard income may permit. Even on a PAYG basis there are a lot of lenders that will go to a higher DSR where the loan amount is less than say 80%.PAYG Lodoc is still very much alive and especially in occupations where bonus,…[Read more]

In addition serviceability models change from lender to lender so unless your mortgage broker is adequately aware of the quirks of each model and deals with investors regularly it is unlikely he or she will be aware of everything out there.

Each lender will have its own favour agent for each town and region.These lists are not publically advertised as for say somewhere like the US.Just need to look in your local paper or talk to a couple of agents and see if they act for an particular lender.

For Gold Coast strongly recommend Steve Hodgkinson who is a partner at the Gold Business Group.Steve has been my Accountant for 15 years and is an expert on SMSF property structures.Give him a call and tell him i sent you. Ph: 07 5532 2855Steve is a forum member and has acted for 101 clients online.

Hi CarlitoSure drop me a line and I would be happy to email you a Residex report for any particular property .Just need the actual street address.

For Gold Coast strongly recommend Steve Hodgkinson who is a partner at the Gold Business Group.Steve has been my Accountant for 15 years and is an expert on SMSF property structures.Give him a call and tell him i sent you. Ph: 07 5532 2855Steve is a forum member and has acted for 101 clients online.

Same issues.

From what you have written you will use up your equity fairly quickly so if you intend to keep on going I would look at restructuring the deal and starting a fresh.Course may not be possible depending on how you are holding the Com property but it would certainly be cleaner for you.

With some lenders it can be the same as if the applic was being done by an individual.Soemtimes there maybe some added legal costs but other than that all should be equal. 

Depends on a lot of things.LVR – higher lvr will mean credit score maybe affected /  Same line of work ? / If you are still on probation / A & L position.To hard to give you a straight Yes or No answer with further info.

Lots of variables and certainly no Yes or No answer.Will depend if the mortgage on the new PPOR is registered before the IP as otherwise at 10% seerviceability maybe a bit stretched. I am assuming it is a registered mortgage with monthly payments being made.Think i would get some  advice from a Mortgage Broker who can look at the whole situation…[Read more]

As long as it is the right Bank West product could be fine depending on actual numbers.ING are the best in the world especially for a loan split but have to work with what you have.

Hi Wayne1) Lodoc is still very much available for self employed clients who are unable to quantify their income through 2 Years Tax returns and to be honest the interest rates are certainly not as high as most clients think. An 80% lvr is available.2) Yes although in most cases a valuation on a purchase would come in at purchase price. Refinances…[Read more]

Cant see an issue at all especially if you know the market and the rental possibiliites.You obviously have a good history of the Body Corporate and what anticpated costs might be up and coming.I have a couple of properties where i own every unit in the block. That way at least i get on the BC committee lol