You will not do it here it Australia but works well in the land of the Big Mac.

To add a few more maybe evidence of savings and proof of existing assets.Just beware and ensure they are experienced in Trust & Investment structures as most have absolutely no idea.Also beware of any suggested cross collateralisation of securities.

JamieNon of the 5 majors are offering the same rate product now across the board so be careful that you dont switch for switching sake and then find whoever you go to puts up their rate the week after.The bottom line interest rate is not the be all and end all so consult your broker and see what they can suggest.

JamieJust be very careful adopting that strategy as your current lender will want to X Collateralise the respective securities especially if you are borrowing 100% plus costs.Mark my words your lender will not structure your loan in a manner that detracts from their security.A good independant broker familar with Investment & loan structuring…[Read more]

Hi AlistairHate to say i think with your credit report you will struggle.

Don Having had the Investor Club sell several of our devlopments over the years going back to the early 1996 days I can assure you that they do not declare all of their received commissions to the the buyers.Furthermore the properties on average do not value up and they blame that on the valuers and not 2 tier marketing.Wasnt sure KY was still…[Read more]

NeilHate to say in todays climate you will not find anyone on a residential basis.Last lender i was aware of doing that pulled out in February this year.

AlistairAre you referring to $200K each or between them.If the later then a think a No Doc GR loan to that LVR will be difficult at a sensible rate.Mez finance is always an option but is getting more expensive by the day.Is there any other security other than the cash injection.

gmhNo its a laurel and hardy double act.

aaaworthNeither of the mortgage insurers will provide for short term property development funding so you are probably limited to 80% LVR unless you are prepared to pay a early discharge fee then you may find a lender or 2 go to 90%.

Depending on who your lender is they can vary the terms of the loan including the interest rate with merely an appropriate period of notice to you the customer.The majors have moved a couple of times this month (2 of them on Anzac Day which was really appropriate) without any increase in the official Cash Rate.Certainly pays to look around and…[Read more]

In addition do your parents understand that they will be unable to sell (With restrictions) or utilise the equity in their property for any use down the track.In the event that the value does not increase at the level you anticipate you would be unable to refinance and release your parents security. 

Before you rush into using the a Deposit Bond work out the cost of the interest for that period of time and weigh this upto the cost of the Bond for the same period.Also ensure that any new investment borrowings that you draw down from the existing security are kept totally separate to any non tax deductible borrowings.

C & N are wonderful if you really want to be charged through the nose.There are many other quality Accountants who will give you equally good advice for half the price.In regards to the capitalising interest question do you want to elaborate a little more and we can provide some answers. 

Great double act folks …………….

Ok sorry kenyo thought i might have been in Qld where i could point you in the direction of someone who could advise you. Legislation in Victoria will be different.

Hi aaaworthRemember if you intend to finance these deals short term and on a full time basis your financier will consider the deal as a development deal and limit the LVR.The application will more than likely be treated as a commecial proposition and the interest rate and application fees will reflect this.

DaveWhere is the block of units located ?

As SNM has indicated depending on the number of investors and the level of investment will determine what documentation you are require to offer under the Managed Investment Act.This could vary from a information statement to a full prospectus. Either way it is not cheap. 

Thanks BenPremium Finance's staff are qualified too – Can you tell what they are qualified as ?