Hard but not impossible there is a difference.

Hi TuriSame response as i posted on SSAs far as I am aware there is only 1 lender left who is doing lodoc refi with "cash out" without the need for BAS or Trading Statements.Purchases are slightly different and upto 85% is still available if you are happy to pay for it.

SNMSeems like our virgin friend just came and went and didnt have time to answer your questions.Maybe he has all the investors he needs which is a shame as I am sure a lot of forum members would have love to have invested some of their hard earned with him…..NOT.

Hate to say Wendy if you do this you will very quickly run out of lenders.The emphasis is on structuring the loan correctly to avoid cross collateralising the loans and where possible reduce your risk exposure. As long as they are done properly I wouldnt have an issue in doing a few with the same lender.

A company called Cordells provides a list of DA approved sites but not sure how far they can go.

Hi JessWould you like to expand a little more on what you are after.Are you wanting to become an wrapper and buy and home and onsell it to a potential buyer and collect the higher cash flow or other way round and am looking for someone to buy a house for you to live in and enter into a contract to buy it off them.

Asset protection is one thing but with 5 out of 6 properties already positively geared a DFT would give you the flexibility to distrubute positive income to the beneficiaries who maybe on a lower income than you and this will reduce your marginal tax income.

This question has been asked and answered a dozen times since Xmas.My serviceability is almost maxed out, it means that I would not get the benefits of having multiple trusts to buy multiple properties (getting this from Steve's new book.Buying in Trust or Multiple Trust DOES not increase your serviceability.

This question has been asked and answered a dozen times since Xmas.My serviceability is almost maxed out, it means that I would not get the benefits of having multiple trusts to buy multiple properties (getting this from Steve's new book.Buying in Trust or Multiple Trust DOES not increase your serviceability.

The average Bank branch johnny wouldnt have a clue as to who their mortgage insurer was so probably not going to help you there.

Nope.

No GOM many business are sold leasehold especially cafe's and sold merely on the figures they generate, goodwill etc etc. Lenders are great lovers of something that will diminish in value as time goes by.

Hi Brick LMI is only an opportunity cost and therefore if prices are likely to rise whilst you have saved the addtional amount to make up 20% deposit i would buying now and incurring the expense.Remember when you rent the property out the loan costs (including LMI) proportionally will become deductible so will mean less out of your own pocket.Also…[Read more]

Hi JoYou can but are you intending to rent or buy another PPOR.If the later would you not just couple the offset account to the new PPOR loan.Assume the current PPOR is interest only…

PaulOf course the exception is if you purchase a Commercial property in the name of the SMSF and then lease it to your own Company to transact business from.

Melbourne just to correct a couple of points:Thomas Lee is 17 years of age and therefore unable to enter into a contract to purchase a property by law.Even at 18 he will be restricted by serviceability. It is called the GFC and lenders have just about stopped lending unless you can clearly show you can service the loan.In England the majority of…[Read more]

Hi PaulYou are unable to own a residential property and then rent it back to any related party of the fund so that idea is out.Your Accountant can give you some idea as to the cost of the SMSF Trust Deed and the process involved but to be honest it is not difficult.

One big difference will be the ease of finance.Still get 95% on a standalone residential investment property (or 100% with additional security) whereas for a Commercial security such as a cafe would be lucky to get 60% if it is freehold and 0% if leasehold.Even if it is showing suitable figures you wouldnt pay off your IP but put the funds into an…[Read more]

Remember Lowry because 1 lender said no doesnt mean you stop right there and give up.I deal with clients all day long who say our Bank said we couldnt borrow any more and often there is a way around it as long as the loans are set up correctly.

Yes.