Hi Kev

Ok to start with I am concerned you have exchanged contracts on a property without having financeapproved 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 complete.?…[Read more]

Hi Kev

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

I am 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 complete.? Being your…[Read more]

Maximum loan to valuation on a standalone basis is going to be 90% so unless the property values at a lot higher price then you wont be able to borrow any buffer.

Just got a valuation back from a forum client on a OTP which came in at 125K more than the initial contract price so we are doing 100% lvr + cash buffer but that is rare.

Too often the…[Read more]

Maximum loan to valuation on a standalone basis is going to be 90% so unless the property values at a lot higher price then you wont be able to borrow any buffer.

Just got a valuation back from a forum client on a OTP which came in at 125K more than the initial contract price so we are doing 100% lvr + cash buffer but that is rare.

To often the…[Read more]

Hi Sally

Sorry can’t recommend anyone in Brisbane as my Accountant is Gold Coast based and act for dozens of forum members.

Happy to review your current situation and make some suitable recommendation about moving forward.

Cheers

Yours in Finance
0-40 Properties in a decade. Email me for a copy of my API interview.

Would avoid the new house & and packages as you can do very well in other suburbs with a lower cost base.

Been buying some excellent properties sub 400K for forum clients with the opportunity to increase both income & capital growth over time.

Cheers

Yours in Finance
0-40 Properties in a decade. Email me for a copy of my API interview.

Jacob which State are you located in ?

Cheers

Yours in Finance
0-40 Properties in a decade. Email me for a copy of my API interview.

Jacob which State are you located in ?

Cheers

Yours in Finance
0-40 Properties in a decade. Email me for a copy of my API inteview.

You young lads are all the same.

When you were doing that I was cheating on my Uni exams by writing exams on my sleeve having spent too much lecture time on the golf course.

Cheers

Yours in Finance
0-40 Properties in a decade. Email me for a copy of my API Interview.

Not sure under NCCP I like the sounds of creative but I think I am resourceful.

If you let me know what you are trying to achieve we can comment further.

Cheers

Yours in Finance
0-40 Properties in a decade. Email me for a copy of my API interview.

No never heard of him or his organisation.

Please don’t tell us they are a wealth creation company and you purchased thru them ?

Cheers

Yours in Finance
0-40 properties in a decade. Email me for a copy of my API interview.

No never heard of him or his organisation.

Please don’t tell us they are a wealth creation company and you purchased thru them ?

Cheers

Richard
0-40 properties in a decade. Email me for a copy of my API interview.

Hi Matt

Jacqui is so right the hardest part is to quantify how much you will benefit from such a program when you compare how you could spend the money elsewhere.

As an example you could engage an investment Buyers Agent and spend a lot less than $10K and get a property which will do the job and get you your way.

As an organisation we try and…[Read more]

Hi Dean

Just because the loan self services does certainly not under NCCP mean the the deal will be approved as your other circumstances will be considered.

Cheers

Yours in Finance
0-40 Properties in a decade. Email me for a copy of my API interview.

Redraw at your own peril as the entire loan will then be contaminated and interest cannot be claimed.

Seek advice before doing anything.

Cheers

Yours in Finance
0-40 Properties in a decade. Email me for a copy of my API interview.

Redraw at your own peril as the entire loan will then be contaminated and interest cannot be claimed.

See advice before doing anything.

Cheers

Yours in Finance
0-40 Properties in a decade. Email me for a copy of my API inerview.

Wouldn’t be necessarily where i would buy to invest but then every investor has different requirements.

15 Kms South of the Brisbane CBD and traditionally an industrial part of the City.

Cheers

Yours in Finance
0-40 Properties in a decade. Email me for a copy of my API interview.

Saw one last year where the borrower had transferred the property and then borrowed 100% of the valuation trying to claim the full loan as a Tax deduction.

The ATO had queried it and in fact disallowed the interest on the whole loan.

Another good bit of advice from the clients NAB Banker.

Cheers

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

Hi Ranger

Ok have to say NAB are probably one of the worst lenders as they won’t understand a word of what you want you want to do and from what I have seen with NAB retail their idea of not crossing your loans and mine are a mile away.

Assuming your current loan is 600K and the property value is 1M then you would be able to claim 800K of non…[Read more]

Yani congratulation on realising you need to do something and buying your first IP is a good start.

I think you have answered your own question.

Basic Keynesian economics tells us in the short term output which includes construction is strongly influenced by aggregate demand (events like a new university) but once demand is met prices start to…[Read more]