No problems Natasha.My apologies the message only came thru late this evening.Feel free to call me in the office should you feel we can help further.

HI NatashaI am not aware of any lender that will on a construction basis to a SMSF.Admitedly i have only done maybe a dozen SMSF deals since 2007 when the legislation changed but not aware of any lender.Wasnt sure if you rang me earlier but if so do tell me have i answered your question.

As Terry mentioned buying a DFT / Company structure certainly wont aid your serviceability.However structured correctly and utilising the equity in your own property there is no reason why you cant keep on buying.Trick is keeping the loans separate to avoid 1 lenders serviceability wall.

MarissaYep certainly is unless you have substantial equity in your Oz properties.

Hi JeffWhich state are you and the property in ?

Hi chrissFirstly welcome to the forum and I hope you enjoy your time with us.Unless you definately wish to reside in your current PPOR for even and a day i would certainly not be doubling your loan repayments or channelling extra funds into the principal reduction.Look at changing the loan to an interest only loan with a 100% offset account and…[Read more]

It is only 2 low if you intend to expand your portolio over the coming yearsMy current lvr is around 22% but i have no intension of doubling the number of properties i currently own.Focus is on reducing the LVR and paying down the debt to value ration and picking up a couple of inter state properties either inmy SMSF or DFT for Capital Growth.It…[Read more]

Making double loan repayments on a loan which will be an IP is not financially sensible especially when you are looking at going into a new mortgage.Why not look at interest prepayment on the old PPOR or even a split interest / P & I loan on the new PPOR.Many ways to structure the debt just a matter of fine tuning the details.

As Terry said 10% ++ would be the go.  Might even get a short term caveat loan quicker.I am still unsure what you dont want to go with Bank financing. If it is a credit related issue then refinancing short term private funding will also be an issue later down the track.

Unofficially one of the Big 4 thru their Commercial Dept.Just have a good rapport with the Credit manager.

Ok guys how many of us here have property in the UK which we want to sell.Really you think these guys would have a look at their audience before the post this rubbish.

Ring him and ask him.Will aid your week to week cash flow.

Happy to do so you have my email address.

Yes – Have you ever renovated a house that change the structure of the building before Every Qlder i have raised and built under.Yes the Bank will fund the renovation although depending on the numbers may want to draw cheques in favour of the registered Builder doing the structural work.Certainly renovate if it adds value and increases rent.

Yes you could but depending on which State you are in mind have an issue claiming the OO Stamp Duty.

Hi AmyI havent been down to the area for along time but last time i remember it was a wonderful environment.Look i dont know whether you figures are accurate or if they are whether you should seriously consider refinancing a Interest only on a loan of $385,000 at the current rate would be around $1925 / month. This seems to be a long different to…[Read more]

Residex give you half decent statistical information on the past and future expected growth however you need to enter an actual property address to generate the report.

Not that easy Plummer depending on how many units in the block.Under 4 on the same Title should be ok but 4 and more will normally be considered as Commercial.In saying this like everything in this world everything is subject to negotiation. Have a 7 pack of brick units on 1 Title i am doing at Residential rates at the moment. Would have never…[Read more]

YI – Adelaide Bank thru Rismark International are the only mainstream lender. Couple of others are State based.

YI – Adelaide Bank thru Rismark International are the only mainstream lender. Couple of others are State based.