DamarBe very careful. As you will note from my numorous posts my clients were from N Qld and were told the same.When they tried to leave it was very difficult and imense pressure was placed upon them.The free taxi ride pick up was not available back to the airport if you didnt sign up.I ask you nothing like standover tactics.

Manoj beat me to it…. simple answer NO

WayneDont want to be the bearer of bad news but in todays climate financing such a strategy will not be as easy as you think.If you use a Line of Credit (and this will be the cheapest way depending on how many homes you intend to build) secured on your PPOR you will need to:1) Show 2 years self employed figures and Personal Tax returns.2) Provide…[Read more]

JamjamFirst place to look would be the Office of Fair Trading as you will find in WA you are required to hold a Credit License to wrap properties.

ManojOh dont get me wrong i agree with what you say and have 6 properties in my SMSF unfortunately only 1 of them geared.Even with CBA joining the flock the numbers are still limited. We do have 1 lender who is doing these deals Commercially at 5.74% but in the main most lenders want to charge 1-2 % premium.I understand the figures and advise…[Read more]

Can you email me further details as i may have a couple of sets of clients who maybe interested.

Firstly thank you to Manoj for correcting our speling (lol) of Bare Trust. I do not understand why a person should purchase an investment property outside of super Maybe one reaon could be the fact that you can only borrow upto circa 72-75% lvr inside Super.I have done about 9 of these deals to date and non of them have sailed through without 101…[Read more]

If you are interested in an instalment Contract / License to Occupy for Qld then drop me a line.

No not necessarily.Sounds to me like a standard residential block so 90 even 95% should be available.Just bear in mind there are less lenders to choice from so let your mortgage broker do the work for you as it costs nothing.

No not necessarily.Sounds to me like a standard residential block so 90 even 95% should be available.Just bear in mind there are less lenders to choice from so let your mortgage broker do the work for you as it costs nothing.

JamieI think you will find it was more the zoning of the property or the land size that caused the LVR to reduce.

Hi HollyNo unfortunately this would breach the SISA legislation.

No problems pleasure.Let us now if we can help further.

Hi againI will assume that you still need to look at a lodoc style loan and on this basis the maximum lvr will be 80%.From the current equity position o think you are going to be extremely limited on what you can and cannot buy.Based on the fact that you can access circa $65K equity and assuming you will need around $15,000 to cover your stamp…[Read more]

Hi neighbour.What is the current loan balance and with whom ?

Hi BluebirdFeel free to call me Richard all my friends do lol.Unless you have cash to put in to cover the deposit (and you will need one buying under a Corporate structure) and to cover the stamp duty ect then there is no way to funds the deal without using a line of credit or similar (Before anyone tells me that you can use Vendor Finance i would…[Read more]

Duplicated

Hi BluebirdFirstly sorry to hear about the divorce this is never nice.Nothing suprises me these days when so called Professionals hand out advice on an area they probably have no knowledge of. The PPOR is in your own name and I would keep it like that as you are quiet correct any change in the ownership structure will trigger a stamp duty…[Read more]

No 95% + LMI is about the max and they are few and far between.Neither Gemworth or QBE PMI Will insure a loan over 95% these dayshence all the lender have pulled out of this lvr.Some of the majors are back to 90% LVR less LMI.

Ok couple of immediate issues here which could be got around with a bit of careful planning.Firstly i will assume that the valuation is correct and that the figures we are working on are as per stated.Your current loan appears to either be a P & I loan or you have made a capital reduction so be very careful if you redraw or take a new loan that…[Read more]