As wylie mentioned you are about 6 weeks too late.In most cases you cannot prepay a 2 year fixed rate anyway however i would be getting your mortgage broker to be planning ahead for you next year in plenty of time.

Hi JamadeeRemember when you rent the property in Bundaberg out you will receive rent and also a Tax deduction for the interest shortfall, possibly an allowance for Building Write off and Depreciation as well (depending on the age of the property) so you maybe suprised howo little each week the property costs you to retain.Also have you considered…[Read more]

Hi Andy Making an application in a company name is not much different to applying in your personal name albeit some additional legal documentation is required.Before you rush out and make an application in a Company name i would check as to whether this is the best way for you to go as their are a lot of negatives in purchasing in a Pty Ltd…[Read more]

For under a $100K sounds to me like a touch of rural / small country towns / even units.Borrowing 95% will be hard enough let alone 100% plus costs.Unless you have additional security my suggestion would to look at buying a PPOR first and benefit from the stamp duty concessions and FHOG which varies from $7-$10 depending on your location.Only o…[Read more]

Agreed just as i said no Bank is going to now what the rest of the market can offer or tell a client they can do better.Lending officers are not qualified or licensed to provide any form of financial advice and this day and age are merely information providers.

RoyNo disrespect talking directly to the lender they are never going to tell you that you can do better elsewhere.SGB also have a condition in their mortgage deed that all loans under the Professional package have to be cross collateralised which is hardly good advice for an investor.

MMYes i have clients all over Australia including dozens of forum clients from NSW.Feel free to drop me an email and I will respond to you in the morning.Be happy to offer you some advice.

Again without actual figures and numbers it is difficult to make recommendation or comment.You will however find that as a standalone deal at a 90% LVR no lender will waive the LMI in todays climate.A few lenders do not charge LMI but charge a Rate Fee or similar to compensate for the lack of LMI.Structured correctly the loans would be standalone…[Read more]

They are GOM hence for asset protection  you would always use a DFT. 

I have over 45 of my properties in a variety of Discretionary Trust structures.Unless you use a HDT or Unit Trust "you DEFINITELY CANNOT can negatively gear your property while using a trust" 

MattYes Steve and I have been friends (and business partners) for over 10 years and he is a little gem.Glad the recommendation worked out well for you. I refer all my property clients to Steve and never had a problem.

No there is no such site.In saying that most Mortgage Brokers will give you the same service.Couple of quick observations:1) Why are putting down a 10% deposit on an investment property when you have a personal mortgage with non deductible debt.2) What entity is being used to purchase the business ?3) Slightly confused as to the security when you…[Read more]

Which State are you in ?

If you want a top Property A/c in SE Qld you can go past Steve Hodgkinson who is a partner at the Gold Business Group in Southport.Steve has been my A/c for nearly 12 years and is a top bloke and expert in Property and Trust structures.I have introduced him to many forum members all of whom have sung his praises.He can be contacted on…[Read more]

BenSpoke to your business partner this morning and sent you an email later in the day.

BenSpoke to your business partner this morning and sent you an email later in the day.

Why not consider a shared equity loan.For the same monthly repayment amount you would be able to borrow 20% more and enjoy a better property with higher propspects of capital growth.

Would I have to disclose to the end purchaser what my original contract price was? YES YOU WOULD HAVE TO.

I have done enough of them and their is 1 simple answer and that is NO.

Please note it is NOT the period of time that you have owned the property but the actual Contract dates which are considered for any CGT.You could have signed the Purchase Contract on the 1st January and settled on the 30th June resold the property with a contract date of 2nd January in the following year and settled 30th January and still…[Read more]