Hi Cattleys

No one is saying not to post an opinion but when you start to quote incorrect Tax Rates, land Tax thresholds and stamp duty in Qlds share transfers it becomes dangerous to new members.

It is not a matter of arguing the forum is like a BBQ picnic this is a forum where views and opinions are often relied on and could lead to potential…[Read more]

Stamp duty is always paid on the amount of consideration rather than the valuation amount.

Imagine if the State Govts only being able to be charge duty on valuation amounts. In parts of Sydney / Melbourbe where valuations don’t stack up on Off The Plan properties they wound go broke !!!

Cheers

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

Yes a lot has changed for the better although still pockets you would never touch.

We buy a lot of property in the area for our forum clients but thankfully due to our agent contacts now the areas to leave well alone.

Cheers

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

Hi Steve

Please be very careful when you read Cattleya’s post as is riddled with errors and inaccuracies.

Even down to the Tax rate for a company and the tax on share sales in Qld.

I have no issues with any forum member posting an opinion but get concerned when a member has tried to respond with advice which is in the main totally and utterly…[Read more]

Hi Sal

Sure Steve Hodgkinson at Gold Business Group on he Gold Coast.

They act for hundreds of forum clients of mine and are excellent.

Steve has acted for me for 20 years,

Tell him I sent you if you decide to go with them as that way they will look after you,

Steve is a forum member but doesn’t get chance to post that often as we keep him…[Read more]

Remember Sellers also have a legal requirement to do everything with Time of the Essence especially at an Auction.

Get your Solicitors to put them on notice that you intend to settle on the due date and see what they say.

If your Solicitor is lacking a spine ditch him / her and get someone else on the job.

Cheers

Yours in Finance
0-40…[Read more]

Hi Keith
No what you have described is a standard financing set up for most investors.
Couple of words of caution make sure the end value of the land and construction comes in at land contract price and fixed price building contract as we see many investor caught out where the property does not value up.
Also if you have already paid 10% deposit…[Read more]

And of course impossible to finance at a half decent LVR.

Cheers

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

All depends on what the end result you want is.

Many would you not utilise the equity and increase your investment wealth,

Cheers

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

Be very careful with a couple of the strategies badly outlined by Cattleya as they are fraut with danger.

Seek specialist advise before venturing down that path.

Cheers

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

ASB there is no issue in using redraw funds in order to purchase your next property,

Whether the funds are Tax deductible or not is a different matter.

We structure all of our clients loans differently but using equity to fund deposits is totally acceptably.

Cheers

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

Hi Jodie

Have you considered looking at purchasing a property inside your self managed super fund?

We recommend all of our forum clients look to have a mix of assets held both in their personal names as well as in Super.

Cheers

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

Yes both are useful areas for research but nothing like being Jonny on the spot and using some useful local knowledge.

Cheers

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

Where abouts in Brisbane are you looking and what are you looking to spend.

We have acted for well over 100 forum clients in helping them buy in Brisbane and focus on a combination of yield and Capitsl growth,

Both my partner and I built our multi million dollar property portfolios thru a combined strategy of returns including vendor finance,…[Read more]

Depending on the security type maximum loan could be between 65-80%. (Even 100% in certain cases)

Lots of variances but nothing an average Broker couldn’t do.

We do Commercial deals all the time.

Cheers

Yours in Finance
0-40 properties in a decade

Md you don’t mention whether the loan is interest only or principal & interest.

As I am sitting at an airport in Oslo, Norway I don’t have my online calculator but in essence.

1) work out the repayment on the gross loan at the applicable interest rate and term.

2) Then work out the interest component separately.

Calculate the credited interest…[Read more]

Hi Sue

Would echo the sentiments of the other 2 posters in saying sorry to hear about your current family situation.

Personally i would not be investing any money at all with a developer in any shape or form.
I have personally developed 101 properties in Brisbane and when i see the structures some developers establish the only loser when things…[Read more]

Kev sorry old mate i still don’t think you are understanding the lending process.

Applying to a number of credit unions willy nilly is likely to fry our credit file and could result in a total decline of any potential loan restructure.

I would avoid at all costs.

Cheers

Yours in Finance
0-40 Properties in a decade.

Sorry I am now totally confused as in 28 years of being involved in lending i have never seen such thing.

It sounds to me like the Banker has no idea how to structure a loan on a multi dwelling property.

Cheers

Yours in Finance
0-40 properties in a decade.

Hi Kev

Ok to start with I am concerned you have exchanged contracts on a property without having finance spproved in its entirety.

I am also assuming you have spoken to your Solicitor and there was no condition on finance in the Contract going forward.

Can I ask why did you every go the personal loan route for the balance of funds to…[Read more]