With equity in a property there is no reason why you wouldnt be able to borrow against iit.Whilst there are a range of products available you need to bear in mind that the bottom line is your home is at risk if you are unable to cover the loan repayments so always make sure you have a fall back position.There are a few other considerations…[Read more]

Firstly welcome to the forum and I hope you enjoy your time with us.Finance has to be the biggest issue most new time developers come across especially in the current climate with alll major lenders wary of even larger developers with cash and exeperience let alone virgin investors with no past experience and limited resources.Whilst there are…[Read more]

I think i would be getting a quote from another Town Planner as the idea of employing a professional is that he will guide you through the process.Having done 101 developments in and around Brissie most TP's should be able to give you a high probable indication of how your likely your deal is to go through.

Cheers appreciate rhettw i appreciate that.

Hi RussellFirstly welcome to the forum and i hope you enjoy your time with us.There are many variables when it comes to releasing equity and one of the issues is making sure the loan is structured correctly.You want to ensure that you maximise the Tax deductability of the loan whilst preserving the security of your PPOR.There is a difference…[Read more]

Have to say recent changes to RAMS serviceability policy would make it very unlikely that they would do a deal.Dont mean to appear rude but again without a full Statement of Position I would not be able to provide you without any form of assessment. I am in the UK until the end of the week buut feel free to drop me an email and i would be happy to…[Read more]

Hi Act09Firstly welcome to the forum and I hope you enjoy your time with us.One thing about structure you have to realise is it is not a matter of 1 hat fits all. All the time we talk with clients who have different requirements and therefore the advice is tailored to suit the clients needs and the time and to be sufficient that it can be flexible…[Read more]

Hi NzuSorry i have to disagree with a lot of what Investor888 has written.Yes 95% across 2 properties is available and doable but whether it is financially adviseable is a different matter.I assume the valuation of $300K was a Bank valuation rather than a local agents estimation. First thing i would do is get Bank of Qld to approve a 90% equity…[Read more]

TrickyFirstly welcome to the forum and I hope you enjoy your time with us.Reading your first couple of posts i think you probably need some specialised advice in regards to financing the deals as i think you are all getting confused on the best structure and the way to finance the deals.Buying in a Company name as Trustee for a Discretionary…[Read more]

Hi CathWhen you say that you have reached your limit of borrowing do you mean in regards to Anz serviceability ?If this is the case then there are a variety of options however a bit more information would be required to provide you with an accurate assessment. 

All you need to do is a search on the subject from previous posts and you will learn a little of the issues that are involved in owning property in the USA. 

KNI think you need some specialised advice as coming in at the end of the post i think you have still missed the point.The accounts need to be separate and you will find it slightly harder than it was to obtain a IO loan with no end use.Lenders like to see what the funds are going to be used for and hence the need for some specialised…[Read more]

MattUnless the Bank are paying the cost of advertising i think you would be keeping this to a minimum otherwise you are eating into your salary.One of the biggest issues is that you are only as good as the products your employer has to offer and then as good as your Credit Team. I know many Mobile lenders who found they could do nothing because…[Read more]

Hi thereI have answered this in the other area which you placed it.

Southside is where i was thinking and Runcorn, SunnyBank, Acacia Ridge etc would be a good place to start to look.

There are no issues at all as long as each party understands that they are not only liaible for 1/4 of the loan but in fact they are Jointly and Severably liable for the entire loan.I have had a number of clients do exactly what you have suggested and we can split the loan into 4 different amounts each with their own loan name.

Possibly. Can think of one or two suburbs but not likely within 10-15 kms of the City.

Hi JoanneIf you have a FICO score that will go in your favour.Passport does not especially if you are a resident of Australia.

You are unable to access funds from your SMSF for a deposit on a property which you or a related party purchase.

There is no time limit at all however you are limited by the valuation..If you were to buy something and then pre-settlement have managed to add immediate value then nothing to stop you accessing the equity straight away.Course this may vary from lender to lender