Of course a mortgage broker can only offer you credit advice and not financial advice as this is the domain of a financial planner.

Cheers

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

Hi PE

Was in Doha only last week on the way to the UK.

We have a number of clients there who we act for.

As far as Buyers Agents fees these vary from organisation to organisation with some charging upto 2.5% of the purchase price.

I often say to a prospective client ask the Buyers Agent you are dealing with how many properties they own.

Often…[Read more]

Hi Kirsty

With the major changes to investment lending introduced by lenders over the last month or so you definitely want to order a valuation on you current property to see what equity can be accessed as many lenders are limiting lvr’s to 80%.

Cheers

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

Yes looking at their website they appear to be just that “Everything” but of course old old story they only recommend brand new properties where they have worked hard with their buying power to get you a discount directly from the developers.

Makes you wonder how they survive on such slim pickings in the way of commissions. That is of course…[Read more]

Emily

I would be very careful in the current climate refinancing to release equity is nowhere as easy as it was a month ago.

Seen many a forum client come unstuck when their lender has capped the equity release to 80% lvr.

Cheers

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

There is no need to go Rural Qld to get a property with good long term growth prospects and healthy rental returns.

We believe there are a number of suburbs in and around the Brisbane / Ipswich area which provide a low cost entry into the Qld market.

Cheers

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

Hi Melissa

Welcome to the forum and I hope you enjoy your time with us.

Buying real estate is a matter of quality v quantity however that is not to say you buy one expensive property.

With lenders tightening up their criteria for investment lending we are finding more and more forum members wanting to get in whilst they can however we normally…[Read more]

Hi Danny

Simple answers:

1) No it is not possible.

2) Yes they can receive it daily if the Trustees agree however is going to depend on the profit that is made.

Cheers

Yours in Finance

As Jacqui mentioned every client / property is slightly different.

At the moment we are getting a lot of enquiries from forum clients who are wanting to buy in Brisbane and we are finding some excellent buys.

Of course what might be ideal to do the job for a Super Fund (good stable returns with little ongoing maintenance) might be totally…[Read more]

Try City Body Corporate.

John Mitchell runs it and is a great operator, down to earth and very personal in is approach.

Fees are half the size of the bigger boys.

Cheers

Yours in Finance

Not completely safe ……………Especially knowing NAB

Cheers

Yours in Finance

Peter depending on the size of the defaults this should be a fairly straight forward deal.

Cheers

Yours in Finance

Sorry Bevan email bounced back.

If you email me i can reply.

Cheers

Yours in Finance

Sure Bevan will email it to you.

Cheers

Yours in Finance

Uncrossing your existing loans maybe possible subject to lvr and current valuations but an Accountant wont be able to advise you about this unless he holds a Credit License or is a Credit representative.

Cheers

Yours in Finance

As Corey mentioned there is no set formula for all borrowers.

Many lenders have now reduced their investment lvr to 80% however there are still a number who will still go to 95% if the borrower meets their criteria.

Just had a deal approved today for a forum member at 95% so they are still around.

Cheers

Yours in Finance

Have you considered selling the current PPOR to a Trust and borrowing 100% of the purchase price.

Sure you will pay Stamp Duty on the Transfer but depending on the numbers could still be well worth it as the full amount of the borrowing could be Tax deductible.

Funds raised could then be used as deposit on your non deductible…[Read more]