Hi SandyWelcome to the forum and i hope you enjoy your time with us.Will you be investing with your daughter in a Tenants in Common capacity or merely as an investor.Who will be providing the deposit for such a new venture.Depending on the answers to the above try the following link this could be useful place to…[Read more]

Totally agree with the last couple of comments.We see it all the time Accountants giving Financial Advice when they are not licensed to do so.

But doesn't the financer use the deposit to offset any potential depriciation in the mortgage loan? Isn't that why banks are chasing deposits now – because the value of property is decreasing and the deposit acts as a kind of surety for the bank/lendor?Not at all. 100% finance is still alive and well.

There is no CGT on the sale of the PPOR to a Unit Trust.

No not at all.It is perfectly legal for a Vendor to provide part of the deposit as long as it is clearly disclosed to the financier.The purchasers Bank will lend against the purchase price or valuation whichever is the lower so if they were concerned that the purchase price was not necessarily genuine they would down value the property.

No not at all.It is perfectly legal for a Vendor to provide part of the deposit as long as it is clearly disclosed to the financier.The purchasers Bank will lend against the purchase price or valuation whichever is the lower so if they were concerned that the purchase price was not necessarily genuine they would down value the property.

SteveYou know there is no limit when i take your emails…. at time is good for me.Hope all is well mate.

AnthonyPrecisely, at the moment the interest deduction on your current loan assuming the property is jointly owned will be shared 50 / 50  giving little value to your fiance.

Legal in every State.Get your Solicitor merely to draw up the Contract that you are prepared to accept an amount of purchase price less 5% on settlement with the 5% balance to be repaid over X Number of Years with payments of principal & interest and charged at Y interest rate per annum.Hardest part will be getting the purchasers financier to buy…[Read more]

Sorry for the delay in coming back to you on this one.Whilst i agree with Terry you would use your line of credit if the property is to be substanially renovated with a few lenders allowing for revaluations to be done immediately you have settled (if there is a reason why the property has increased) I cannot see any reason why you would not sec…[Read more]

Please be careful… could lead to Debt creation companies instead of wealth. – Totally Agreed

EddieHate to say a lot of money can be spent on something you just dont need. Why not post your questions on the forum and we can all answer them for you. This will give you a start.

Stay in your current PPoR, top your loan up to purchase a new IP almost outright, postively gear it and use the income to pay your PPoR off quicker. This will of course INCREASE your taxable income, but if you structure it in a trust you can allocate that income so that it goes to the person on the least income – minimising the effect that can…[Read more]

Hi Chelley We have done this repeatedely on deals and no the Vendor Finance is certainly not unsecured.All that happens is that you would register your mortgage after the Bank priority and accept that in the event of default they would get paid out first.However if the purchaser ever tries to sell the property down the track he cannot get clear…[Read more]

Tess my apologies comes of typing quicker than i was reading.Saw the word lodoc and went for it lol.With what you have even Mortgage Choice should be able to cope with that sort of loan enquiry.There are a couple of lenders waiving their application fees for First Home Buyers so that all bears well and you should be able to negotiate a good…[Read more]

HI TessMust admit my opinion is slightly biased being a broker myself however feel that a Bank is hardly like to tell you that you can do better down the road.Lodoc loans are a specialised area especially in the current climate and your mortgage broker should be able to assist you in structuring the loan correctly the way in which it works best…[Read more]

As Terry has mentioned a DFT is the ideal entity to use in a case like however if you need to claim the Tax losses each week then maybe not the way to go.There is nothing to stop you buying the property in your name alone and taking out a high lvr loan against the security i.e 95-100%.In the event of having to sell the property the first mortgagee…[Read more]

Which Suburb….. Hopefully not Gracemere.

Hi LakeWelcome to the forum and I hope you enjoy your time with us.I agree with Imulli that you need to decide what your investment objectives are before you decide on a what entity you intend to use. A different entity would be used for a + geared property compared to a – geared property and the same depending on whether the property is a buy an…[Read more]

Hi JamesWelcome back to Oz and especially the forum here.I think you might have spent too long in the North American market as from the information you shouldnt have too much problem at all obtaining standard financing through a traditional mainstream lender.In saying that of course the Big 5 all have their little pecularities in what they will…[Read more]