There is no minimum amount required but realistically you would need circa 80K +.

Yes there are still lenders that will lend a SMSF to buy a NRAS property but whether it is a good investment is a different matter.

Cheers

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

Where on the Sunshine Coast ?

I own a place in Noosa which i come upto regularly.

Do you need someone on the SC for a face to face interview. Most of our SC clients we deal with by phone or email.

Let us know what you are after.

Cheers

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

Agree with bender.

3. Pay the investment debt off and live off the increasing rental income forever.

Cheers

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

Agree with bender.

3. Pay the debt down and live off the increasing rental income forever.

Cheers

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

Hi Amit

Without pre-sales you will need to show serviceability for the entire peak debt plus your other liabilities.

A non coded no loan might be possible but certainly isn’t going to be cheap.

Welcome to the world of development funding.

Cheers

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

Trust me you won’t be the one making the decision on the security they take possession of irrespective if the loans are crossed.

We always recommend a client structure their set up along the lines of what Benny has mentioned.

Should be looking at circa 4.19% for this.

Cheers

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

Cartman

Hate to say doing anything in a hurry is usual a fatal long mistake.

Forget Liberty if you need anything done in a hurry as due to the volume of loans they have blown out on delivery time for assessment.

Seems to me like you haven’t really considered where you want to be in the future and that this might merely be a bad aid…[Read more]

Which Bank are we talking about ?

Cheers

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

I am assuming the property is solely in your name.

If so i don’t see an issue.

Cheers

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

Hi Angela

You mention you are looking for a Property Investment Advisor.

Not sure whether you are wanting a Buyers Agent to help you with your future acquisitions or someone to review your existing property portfolio.

If you are looking at someone to review your current credit set up and provide advice then a mortgage broker can do this for…[Read more]

Being Halloween tomorrow I can say this.

“Be afraid be very afraid’ it sounds to me like your banker has no idea and i think you are heading to a classic case of cross collateralisitus.

No need for a separate offset account but a separate loan is imperative.

Cheers

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

Being Halloween tomorrow I can say this.

“Be afraid be very afraid’ it sounds to me like your banker has no idea and i think you are heading to a classic case of cross collateralisitus.

No need for a separate offset account but a separate loan imperative.

Cheers

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

Hi Manola

Always use equity where you can as it gives you flexibility.

Establish a separate equity loan on your current property and use these funds as deposit on your new property.
Keep the loans separate and not cross collateralised.

Place your current savings in an offset account linked to the current PPOR property.

When you move into…[Read more]

Yes in many a case this is correct.

We haven’t seen any great number of cash flow properties in the suburb.

Cheers

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

You mention you have it left so i am assuming you have done something else with the balance.

If you purchased a property and the loan was set up correctly i would look at placing the funds in the SMSF offset account.

$18,000 is too little to do anything with it at the moment unless you were thinking about making a non deductible…[Read more]

Hi CGP

We have had a few issues with valuations recently in Caboolture.

We are not putting our clients into the Northside at the moment.

Cheers

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

David, unless they are NZ based you probably find they won’t hold appropriate licenses to deal with NZ lenders.

Similar to Australia NZ has its own Credit License regeme.

Cheers

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

And there was 4

ANZ today announced that it would lift rates for all Australian variable home and residential investment loans to partially offset rising regulatory capital requirements.

The standard variable rate for owner-occupier home loans (Home Loan Index) will increase by 0.18 per cenr to 5.56 per cent – still the lowest Standard V…[Read more]

And there was 4

ANZ today announced that it would lift rates for all Australian variable home and residential investment loans to partially offset rising regulatory capital requirements.

The standard variable rate for owner-occupier home loans (Home Loan Index) will increase by 0.18 per cenr to 5.56 per cent – still the lowest Standard V…[Read more]