SamHave to disagree with you.I only buy + cash flow properties and have certainly found them in Brisbane.Admitedly you have to look and look but you also have to now how to add value or create the + cash flow with alternative financing strategies such wrapping, LTO, subdividing or flipping.Dig deep i promise they are out there.

SamHave to disagree with you.I only buy + cash flow properties and have certainly found them in Brisbane.Admitedly you have to look and look but you also have to now how to add value or create the + cash flow with alternative financing strategies such wrapping, LTO, subdividing or flipping.Dig deep i promise they are out there.

21 Sq Metres you would get financed but i think what Terry means is that the available options are less.If you ever come to sell the property you dont want to find that the market has changed and that now there is even less choice for any prospective purchaser.

Hi EvanIf you are prepared to go as far as the North part of the Gold Coast I can certainly recommend an excellent property accountant.Steve Hodgkinson who is a partner at the Gold Business Group in Southport has been my Accountant for just over 12 years and is an expert on property.He can be contacted on 5532 2855.Tell him i referred you as most…[Read more]

TimYou are correct in your summary of the product and I agree that one of the downsides is the P & I component.We have completed about 8 of these to date including the first one settled in Oz being Flash from the forum.Whilst i agree that funding has been tight I recently attended a breakfast with Christopher Joye and he was asked about the issue…[Read more]

Hi AHFirstly welcome to the forum and i hope you enjoy your time with us.You have taken the first step by buying your own home and an intial IP so congratulations.To enable you to go forward with undue problems in financing the deals make sure that your loans are structured correctly from day 1. To often most lenders require the loans to be c…[Read more]

All depends on your price range and what you are after.

IP You will have to keep the top up loan with the same lender with whom you have the current fixed rate as they will not accept a 2nd mortgage.

Well NickiDont get talked into buying an IP just get a tax break.What happens if the property is vacant or Government legislation with regards to the negative gearing laws change. I would only buy an IP if it made financial sense and created long term wealth not for a short term tax break.I also would be suprised given the current interest…[Read more]

Short Selling is a popular formula in the US especially at the moment where from what i have seen the lenders are taking as little as 15 cents in the dollar. I assure you that Australian Banks are legally obliged to offer the property for sale and will not take private offers by negotiations with external parties without either taking the p…[Read more]

Hi ManyanaYou are about the 3rd forumite i think who has asked the same question in the last week so it is getting to be a popular topic and obviously so relevant in todays climate.If you would rather shoot me an email than post personal information on the forum in public i can crunch the numbers for you and give you some options. Hopefully the…[Read more]

HI ISYes you can easily do a top up loan through Westpac on a variable rate loan even though the PPOR loan is fixed.Personally the idea would probably be to then do the separate loan with an alternative lender.Shoot me an email if you need starting the ball rolling with the top through Westpac as wi ould be happy to help.

HI ISYes you can easily do a top up loan through Westpac on a variable rate loan even though the PPOR loan is fixed.Personally the idea would probably be to then do the separate loan with an alternative lender.Shoot me an email if you need starting the ball rolling with the top through Westpac as wi ould be happy to help.

Hi SteveI knew you would have your hand up to give the product a plug being the first person in OZ to have settled on a deal.(By the way hope the family are all doing well).Be suprised how many purchase and refinance enquiries i have had for the product over the last few months.Donald Yes you are correct it has to be a PPOR in your personal…[Read more]

Hi ISRemember accessing the available equity does not mean you have to loose the fixed rate you have.All you would do is take out a top up loan or a LOC on the property sitting behind the current PPOR loan.This would not effect your fixed rate loan at all.Depending on what you can access would determine whether i would utilise any of the Cash…[Read more]

The rural zoning is not the issue the problem lies with the security being a business and not true residential.

I am with Matt yes the Big 4 have a lot to answer for when it comes to discharges.Usual process after they have mislaid the documentation once or twice is get the retention department to ring you offering you the world (funny they couldn't do that when you were a plain old existing customer but all of a sudden when you are about to leave ……oh…[Read more]

Hi ISAs per your other post I am assuming that you cannot offset the 20K savings against the interest you are being charged on your PPOR. Remember albeit your loan is fixed for another 18 months but 1 day that will expire and the opportunity to split the loan will be with you.If you were a client of mine I would recommend you looked at releasing…[Read more]

Ok TimThanks for that not that big in Qld obviously.Just wondered why all of these CC refinance enquiries where coming in all of a sudden.

TranceNo problems. Lodoc or limited documentation is a lending term where the lender requires less than complete documentation when it comes to income evidence. It is normally aimed at the self employed client who has not got his Tax returns done and is able to state an income rather than supply all of his financials. In saying that it is…[Read more]