Although you always cringe when someone mentions those 2 magic sentences.

1. I am flying up for the weekend.
2. House & Land package,

Cheers

Yours in Finance
0-40 properties in a decade.Ask me how.

You are so right for many members they come on board merely to justify to themselves the decision they have made is the right one.

Cheers

Yours in Finance
0-40 properties in a decade.Ask me how.

Hi Benny

Oh yes be surprised how many spruikers I have seen peddle Studio Village over the years.

I have a house in Palm Beach and used to drive to Brisbane daily when the M1 Motorway was 2 lanes at best.
Coomera was merely a lot of open space with a few overpriced townhouse developments. Of course this was before Upper Coomera.
In essence…[Read more]

“There are plenty of high yield property’s in Aus, and lots of strategies to create cash flow”

Precisely, and hence my question why would Australians want to rush out and pay cash for Asian properties.

I appreciate P Donnelly was trying to spam her wares with her 3rd post of contribution but a little over zealous.

Most members post a few u…[Read more]

“There are plenty of high yield property’s in Aus, and lots of strategies to create cash flow”

Precisely, and hence my question why you would Australians want to rush out and pay cash for Asian properties.

I appreciate P Donnelly was trying to spam her wares with her 3rd post of contribution but a little over zealous.

Most members post a few u…[Read more]

Benny you have hit it on the head and one of the reasons we wouldn’t touch it with a barge pole.

It is amazing what a spin you can put on a suburb if you call it “Upper” or “Heights” etc.

In essence same old suburb which is on the wrong side of the highway now as it has been for the last 15 years ago.

Next thing these spruikers and certain…[Read more]

Sure but that wasn’t the question.

Question is how much can I borrow against the property ?

Cheers

Yours in Finance
0-40 properties in a decade. Ask me how.

P Donnelly how do Australian residents go for borrowing in Asia ?

What is the maximum lvr we can borrow.

Funnily enough we can’t cope with the demand from Asian investors wanting finance to invest in Australia.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

I see an APRA report released yesterday suggest the issue might be as much as a $50B (Yes billion not million) dollar mistake.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

How many properties are you talking about.

We have used a decent Excel formulated spreadsheet for our 46 properties and never had an issue.

Why spend money you don’t need to.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

How many properties are you talking about.

We have used a decent Excel formulated spreadsheet for our 46 properties and never had an issue.

Why spend money you don’t need to.

Cheers

Yours in Finance

Benny you are so right.

This particular forum member had an investment loan with a 3rd party where his existing Bank was considering him jointly and severally liable for the entire debt however only taking into consideration 50% of the rental income.

Thankfully we have restructured the loan to a lender who considers 50% of the rent and 50% of…[Read more]

Hi Harv

I have to say the wording “is due for delivery soon” in your post makes me very nervous.

I am assuming from this the property is an off the plan new property ?

Firstly, I hope the property values upto the purchase price as more and more are not and secondly sounds to me with a rental guarantee this has been built into the price…[Read more]

Sammy no stamp duty exemption on an IP in NSW and it actually gets worse.

If you added your partners name to the Title you may incur CGT on any increase in value.

You say your Bank have told you that the loan doesn’t service have you looked at refinancing rather than adding your name to the Title.

Certainly be a lot cheaper and you maybe…[Read more]

Sammy no stamp duty exemption on an IP in NSW and it actually gets worse.

If you added your partners name to the Title you may incur CGT on any increase in value.

You say your Bank have told you that the loan doesn’t service have you looked at refinancing rather than adding your name to the Title.

Certainly be a lot cheaper and you maybe…[Read more]

Sammy no stamp duty exemption on an IP in NSW and it actually gets worse.

If you added your partners name to the Title you may incur CGT on any increase in value.

You say your Bank have told you that the loan doesn’t service have you looked at refinancing rather than adding your name to the Title.

Certainly be s lot cheaper and you maybe…[Read more]

Sammy no stamp duty exemption on an IP in NSW and it actually gets worse.

If you added your partners name to the Title you may incur CGT on any increase in value.

You say your Bsnk have told you that the loan doesn’t service have you looked at refinancing rather than adding your name to the Title.

Certainly be s lot cheaper and you maybe…[Read more]

Call Option or extended settlement.

Cheers

Yours in Finance
0-40 properties in a decade. Ask me how.

Hate to say every application is lodged electronically these days so even in the event of a face to face get together your broker will go back and lodge your deal on line.

In the old days you would sit down with a client and do up an manual application and then run it round to the local Bank manager who would assess it. I remember sitting having…[Read more]

Hate to say every application is lodged by electronically these days so even in the event of a face to face get together your broker will go back and lodge your deal on line.

In the old day and age you wold sit down with a client and do up an manual application and then run it round to the local Bank manager who would assess it. Remember sitting…[Read more]