CatJust be careful about transferring the property from your name to her name especially if you do it at less than market value. The OSR audit property sales to ensure they are not to related parties and if they are at a lower than market price she will not qualify for the FHOG. Johann – Which State are you in. If you are buying an IP as a long…[Read more]

jb01Hate to ask what is the DEF or early repayment penalty with GE ?

What State are you referring to.

Terry, now the Dragon has closed its underwriting department here in Brisbane and sends everything South maybe we might find someone who can understand a Trust structure.

Firstly you need to align yourself with an Aggregator as most lenders will not allow you to submit to them directly.Many Aggregators require you to be Cert 4 licensed before they will take you or altenatively have 2 years industry experience.You might want to try and team up with a mortgage broker in your area and submit your deals thru them as…[Read more]

Hate to admit i am old enough to remember the 1987 crash and was working in the finance / stock market industry then also.I am happy that the properties and stock assets I acquired after 87 I still hold to this very day have increased in value very nicely thank you.I am still buying today and will continue to do so until such time as i curl my…[Read more]

Yes you are entitled as long as the Contract is dated betwen the 20th October 2008 and 30th June 2009.

Hi CBPersonally if you were a client of mine YES i would suggest an IO loan with a 100% offset account attached.With an IO loan the balance remains constant so the equity build up comes with the capital growth in the property itself.If however you wished to pay off the principal then all you would do is transfer the funds from the offset account…[Read more]

Neither WBC or SGB are great lovers of UT structures mainly because they dont understand them.Be even more fun when Wotpac own the Dragon.Regretfully both lenders have centralised credit departments so building a relationship with the Bank will do you absolutely no good at all as the decision making is made elsewhere.

Rumour mill is saying that NAB will make a bid for Wizard in the next 48 hours so be interesting to see what happens. 

MickGood point for our NSW listeners but the property is in Qld.In Qld it is 30 days after the contract goes unconditional subject to being prior to settlement.

Hi MattHope the weather and US is treating you well.Might like do a search on the forum and you will hear differing strories from 101 forum members who have purchased in the USA all of whom seem to have difficulty in property management and of course now in financing the deal.Of course being Johnny on the spot may help a little but Marc one of…[Read more]

Promise you not us.We dont need to advertise our Vendor Finance.

Believe it or not 100% Loans are still just around but you would want to be a good client to be accepted.As GOM has mentioned many of these non bank lenders are no longer with us..

Hi CitybuyerFirstly welcome to the forum and I hope you enjoy your time with is.I must of course declare a personal interest being a Broker myself but like to think i will give you a open view to enable you to make your own mind up.A good mortgage broker will give you more than just the cheapest loan in town but look to work with you in…[Read more]

Hi WGGreat opening post x 2 of indorcement.Which area of PT sales are you in.Seriously maybe i should become a moderator.

SarahCouple of other quick points:1) Your Accountant is unable to arrange the Depreciation report so engage the services of a Quantity Surveyor.     Someone like http://www.depreciator.com.au should be help you out.    Your Accountant can certainly arrange the Tax variation for the 3 of you once the report is to hand.2) Be careful in the way you struc…[Read more]

MalForgetting the management issue for a second how are you going to finance a 300K property.

Hi SarahFirstly welcome to the forum and I hope you enjoy your time with us.On the basis that the property is an investment property i would suggest that you try and gear as high as possible so look at a 95% LVR and use the additional funds you have saved to cover other costs.Assuming non of you own your own principal place  with a mortgage then…[Read more]

DennisIf you are about to finalise the contract on the building i am assuming you have already gone to contract on the land.On the basis that the land was purchased in joint names then you certainly would not qualify.Defacto is a tenious relationship so is a hard one to call. I think if you could argue that you purchaed the property and entered…[Read more]