Hi NathanWhat you are describing is a standard Put & Call Option and been done 000's of times in the development world.I must admit all of the deals we do we never offer 10-20% above market value especially in todays climate.Also remember if you cant sell the Option to a developer you have 2 options:1) to settle when of course you may not be able…[Read more]

NickiFirstly welcome to the forum and I hope you enjoy our time with us.Although I am also a Licensed Financial Planner and certainly recommend my clients buy property this is very unusual for the FP industry unless they are receiving something out of the sale.I dont take commissions from Property but many in the industry do and therefore…[Read more]

Hi BothI am unsure as to the number of titles on the property but have you thought of subdividing and then selling the land out on Vendor terms.I have a couple of smaller land projects up in Western Qld which i have sold on Installment terms and they are working well.

Hi AngelaI am suprised a Broker recommending AIMS but i guess it takes all sorts.Yes the DEF can be nasty with some of these smaller lenders and the way in which they funds their loans means they will also normally the first to rise when interest rates go up.You are right once construction is complete then life will be a lot easier.

Hi AngelaI am suprised a Broker recommending AIMS but i guess it takes all sorts.Yes the DEF can be nasty with some of these smaller lenders and the way in which they funds their loans means they will also normally the first to rise when interest rates go up.You are right once construction is complete then life will be a lot easier.

Hi NolapolaDont want to be the bearing of bad news but i dont think you will find either of the 2 main mortgage insurers touch the property and therefore feel you will be limited to an 80% lend max.Other consideration is the actual value of the security. If there is an element of business associated with the property you may find that the Banks…[Read more]

Regretfully many lenders have been warned away from PIT's from their legal departments although in saying that we have financed a fair few over the last 3-6 months.I dont believe you will find too many 100% loan facilities accept them (Even SGB which we used to use a fair amount will not accept a PIT under their No deposit Scheme) so you will be…[Read more]

PKShoot me an email and I will be happy to work the figures for you on a non advice basis.That way i dont have to charge you anything lol.

Ben Just to let you know i still have heard any more from Allan or Rob for the Campsie deal.

MickI couldn't agree with you more.Thankfully i have around 14% LVR on my portfolio and with the next couple of subdivisions or strata title clocks should almost have that paid off.It is all then just taxable income and the next round of acquisions.

Hi StephenNot going to be much help to you after all in the ACT as dont have any colleagues down there.If you ever want to shoot me an email though I am always happy to answer any questions you might have.

StephenYes it can be funneled through the Trust if the Asset is owned by the Trust.Where are you based ? Might be able to recommend a couple of professionals in the area.

Pleasure PeteAlways happy to assist.

CarolynI am based at Chapel Hill so if you ever want a coffee shoot us an email.I have a swag of clients in the area and sure a few of them would be up for a chat.

I was fortunate enough to retire at 39 and have sufficient rental income and share dividends to last me until i was 65.After a couple of years you realise that there is more to life that sitting up at the coffee shop in Hasting Street each morning read the Fin Review and walking the beach. You need to keep the mind active and I started my own…[Read more]

WA has given an explanation of 2 of the 5 main types of Trust structures.Consult a qualified adviser prior to taking any action.

Sorry again to have to rebuff a previous thread.Be very careful with doing this as a trust cannot distribute losses – it has to retain them so unless you are a business owner that can funnel income via the trust to soak up the negative gearing this will blow this opportunity out of the water.This is NOT quiet the case and is only True with a…[Read more]

Sorry WA with an initial 97% LVR and with P & I repayments for less than 9 months how would this be beneficial ?Depending on your overall situation could consider sale of first property to a trust with you and family as beneficiaries to release as much equity for PPOR purchase to make sure minimum non deductible debt.The Stamp Duty irrespective of…[Read more]

Hi PKYou can certainly access the available equity in your IP but the interest will not be tax deductible as it fails the ATO "Purpose Test"One consideration would be to look to sell your IP into a Trust structure borrowing the total loan amount and therefore using the sale proceeds less the existing debt as deposit for your non deductible home l…[Read more]

Another firm of Property Spruikers doing a public service for the community.Maybe they are all the old Investor Club Suppoer members who have seen the light.