mpertileOf course one of the downsides about wrapping in Qld is the payment terms when it comes to the First Home Owners Grant.A minimum of 12 months is a long time to wait to receive your $14,000 so i prefer to now look at other States for my Vendor Financing.

Hi SpunkyFirstly welcome to the forum and I hope you enjoy your time with us.Regretfully if your name was on the Title and your mother used the property as her Principal Place of residence then you will have disqualified yourself against buying your own PPOR and qualifying for the FHOG. If however the property was an investment property for your…[Read more]

Yes the interest on the loan to constuct the granny flat to be used as investment will be tax deductible.One consideration if she subdivides the property will be that this course of action may effect the CGT free status of the property.Certainly be getting some Professional advice on this before proceeding.Certainly seems cleaner to me to move…[Read more]

KylaOne option would be to consider selling the PPOR into Trust with her as the sole Unit holder.She would then borrow 100% of the PPOR value and use the funds to purchase her new property.The entire amount of the interest would then be Tax deductible.Depending on where the property is located would determine the cost of doing so but we do this…[Read more]

Gary has been a busy boy.5 posts in the last couple of days and all selling the same the apartments. Perhaps they are not that much a bargain after all.

Sienna, Trust me i do and would recommend non paying commission lenders to my clients if I honestly believe they offer the best product for the client both now and into the future and can meet the clients requirements. To date i havent found too many clients want to go that route given the uncertainity in some of these lenders security and the i…[Read more]

Had a quick look at their website and couldn't see anything special about them.Looks like another discount non bank lender to me.What are we all missing ?

Wow a follower or maybe a plant.

Before you start on your high horse I have been asked to finance many of the deals that were being promoted by DB & WWW.

Unfortunately as is often the case when selling overpriced properties these clients were told to pay cash for the property as it they were great value deals and then try and refinance later to…[Read more]

Wow a follower or maybe a plant.Before you start on your high horse I have been asked to finance many of the deals that were being promioted by DB & http://WWW.Unfortunately as is often the case when selling voerpriced properties these clients were told to pay cash for the property as it they were great value deals and then try and refinance later to…[Read more]

No dramas.

Wow sounds like a marathon meeting.Firstly she is wrong about only 1 lender accepting applicationsfrom a HDT I can think of 4 off the top of my head who will go to 90% + if the application is full doc.Secondly if the costs of running a DFT is equivalent to you have bought 6 IP's then i think i would be immediately looking for a new Accountant.…[Read more]

It varies depedning on what is being offered as security but was around 6.5% for true Commercial Security at the start of the week.

JacquiHavent got any properties of my own in Beenleigh / Eagleby but am certainly financing some good deals for investors down their at the moment.Have a good agent contact who works at a small boutique agency in Beenleigh and he comes up with some good deals.Let me now if you want his contact details.

Yes try Steve Hodgkinson who is a partner with the Gold Business Group and has been my Accountant for the last 12 years.Steve is based at Southport and specialises in Property and Trust structures for investors.He looks after all of my affairs including my business and property portfolio which is substantial.I have introduced him to literally…[Read more]

DWGYES thats one of the reasons you would do it.

Hi ElkaSure purchased them in my Self Managed Super Fund and the Contract dates (buy & sell) were >365 days.

I guess it is very much a horses for courses choice.The cheaper property has been specifically built for student accomadation and therefore if you are happy in having multiple tenants in the property then this appears to be a good investment. The more expensive property obviously has an alternative tenant market and therefore may have more a…[Read more]

DanielNope nothing. CBA are getting just as bad.

Because they are Accountants and dont have a clue about how you would ever finance the acqusition.In saying this more and more Property Accountants i know are steering their clients well away from HDT structures.

Exactly Terry and with Bank West they even throw the lack of customer service, broker heartache and stress, change of missing settlement date by a week or so in for nothing.