Sitemanager rather than look at Ipswich look at the Brisbane – Ipswich corridor.

We are finding some excellent properties for clients in these areas with some excellent drivers.

Cheers

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

Just to ensure they are not left out. NAB announce on a Friday. Surprised it is not a long weekend.

NAB – Homeplus variable rate increases by 0.17% p.a.

NAB Broker will be increasing the interest rate on all new and existing variable interest rate home loans by 0.17% p.a., effective Thursday 12 November.

This change responds to the market…[Read more]

Hi Taylor

Yes very exciting i must admit.

At the moment we get 1/2 enquiries a week from investors who have equity but maybe not enough to release and then if they can go to 90% and release it the LMI is ridiculous.

That thrown in with the fact of the new home buyer the enquiry level is already high.

Cheers

Yours in Finance
0-40 Properties…[Read more]

I am Licensed planner and Brisbane based property expert but i have to say you will be lucky to find many others meeting your requirements.

Most will want to charge an arm and a leg for their Statement of Advice and will then want to promote a brand new property where they receive a commission or kick back from the developer.

If you intend to…[Read more]

Sam you would better off in going to 85% where a P/L wont be an issue.

We launch No Deposit Housing Pty Ltd here in Qld in the next few weeks which is Australia’s only true 100% blended loan and has now received credit approval by over 6 major lenders.

Will be available initially for O/O and eventually Investment.

I don’t see the issue with…[Read more]

Sam you would better off in going to 85% where a P/L wont be an issue.

We launch No Deposit Housing Pty Ltd here in Qld in the next few weeks which is Australia’s only true 100% blended loan and accepted by over 6 major lenders.

I don’t see the issue with what you want to achieve assuming you understand the higher rate on the…[Read more]

Hi Coalfinger

Sorry that is incorrect.

By taking out a Margin Loan and not using the funds to purchase more shares will certainly NOT mean the interest is Tax deductible.

It all boils down to the “purpose of the funds”. If the funds are to be used for “investment” the interest will be deductible.

Cheers

Yours in Finance
0-40 Properties in a…[Read more]

Hi John

Yes very true i have just come back from 4 months in the UK and still own property down in Bournemouth on the South Coast.

Hate to say if you are an expat and are paid in non GBP there is now NO lender who will lend to you even if you are a UK / Irish Passport Holder.

I was over there this time on a combination of business / holiday…[Read more]

Hi Dan

Welcome to the forum and I hope you enjoy your time with us.

Certainly not in a bad position to start your investing career but personally don’t put all of you money down on the first deal.

I would try and put down the minimum (which is probably going to be 10%) and keep the balance of your funds in an offset account so they are…[Read more]

Not at all and no reason to look overseas.

Had a non conforming loan approved yesterday for another forum member with adverse credit and have another in today in a SMSF so you are not alone.

Like anything full disclosure goes a long way in getting the deal over the line.

Cheers

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

Hi mddedf

Yes with 3 months Casual employment your choices will be limited but that is not to say you can’t keep the loans with the same lender and structure them correctly.

Benny has set out a quick step answer in regards to this.

Lenders love to cross collateralise especially in the current climate so make sure your Broker reads every…[Read more]

Hi Gourav

Having lived in SE Qld for the last 20 years and have been a Buyers Agent for 13 years I would be very wary of investing in Coomera.

Small block (although that in its own is not an issue) and I bet you will find the property is more than likely being sold by a property marketing firm hence it is brand new !!!!.

Coomera has been…[Read more]

Hi ZC

Yes most certainly there are many ways to make your application more attractive to a lender in terms of serviceability but it all boils down to loan structure and the right balance.

It sounds to me like you have a good balance of properties so subject to a few details there is no reason why you wouldn’t be able to borrow that your current…[Read more]

mddef no i hate to say you have been badly advised.

All of your income & liabilities will be taken into consideration when applying for any loan.

If in doubt get a second opinion.

Cheers

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

Hi Christine

Firstly hope you are enjoying Oz.

One consideration would be to look at some form of Vendor Finance.

All forms of income including VA will be considered.

Cheers

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

Sorry matey it is certainly not.

A Holding Company does not trade and therefore is not deemed as a business or carry on an enterprise.

Getting the facts right especially when you are a newby helps.

Cheers

Yours in Finance
0-40 Properties in a decade.

Hi mddedf

Certainly you can go above an 80% loan to valuation but would need some actual numbers to provide you with a more structured response.

Cheers

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

Hi Cs_rlewis

Welcome to the forum and I hope you enjoy your time with us.

Certainly you have done well on your first IP acquisition in regards to equity especially considering it was a Off the Plan purchase.

Benny has outlined the way most investors start off in regards to equity release and i have written a number of API articles on the topic…[Read more]