Hi Kylsta

What are you wanting from an Accountant ?

Reason i ask is it is not the first port of call for most would be investors.

Usually you would want to work our what you can borrow and how you can structure it.
Credit advice is the domain of a mortgage broker.

Let us know and we can direct you accordingly.

Cheers

Yours in Finance

Hi WTR

Nice idea but hate to say No lender will take board income into consideration when assessing serviceability.

Cheers

Yours in Finance

Hi Tony

Hate to say i am slightly biased towards Qld as of course other that is the State we operate on our BA side it is also the State I have my 40 of my 41 investment properties in.

Starting out I would start small and build your portfolio over time. Remember Rome wasn’t built in a day and doesn’t need to be.

In the current climate with ever…[Read more]

Hi Tiger

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

When you purchase an investment property you have your PAYG income as well as the rent on the new property to be taken into consideration when assessing serviceability.

As the buyer however you are able to claim additional deductions both cash and non cash deductions…[Read more]

Yes all received.

I am not sure why we needed to take it offline.

Cheers

Yours in Finance

Hi Tony

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

Which State are you looking at investing in ?

Cheers

Yours in Finance

Sorry Corie massive difference between an installment contract and a rent to buy scheme.

Normally under the Property Act the buyer is entitled to register a caveat against the property to secure their interest however this wouldn’t stop a lender selling the property under its powers of possession.

There are also a number of variances in respect…[Read more]

Transferring the asset to your name is one thing showing you can support the loan repayments is another.

As Corey mentioned a broker can work the numbers for you and provide suitable credit advice.

Cheers

Yours in Finance

Hate to say selling a property on Vendor Finance terms these days is not as easy as it used to be.

If you have a mortgage on the property i very much doubt the Terms of Mortgage allow you to sell the property with the lenders consent.

Cheers

Yours in Finance

A agent represents the seller so not ideal in providing you with independant advice.

A Buyers Agents acts for his / her client and is certainly not in the game of trying to protect the sellers interest.

Cheers

Yours in Finance

No never heard of them.

What is it you are after from a Buyers Agent?

Cheers

Yours in Finance

Hi Trina

Are you sure $180K is the maximum amount you can borrow.

Why not shoot Jacqui an email and see what your options are.

Cheers

Yours in Finance

Hi Rockney

Yes structuring an investment portfolio to allow you to move forward with your property acquisitions is becoming more of an art form as more and more lenders increase their servicing hurdles.

Be amazed at the difference in how much you can now borrow between lenders these days.

Cheers

Yours in Finance

Newandkeen, sounds like the Broker you spoke to had no idea how to structure an investment loan.

There are some excellent standalone investment deals doing the rounds at the moment with very sharp interest rates and no ongoing fees or charges. Bolt on a 100% offset account if you want but if you still have some non deductible debt left on your…[Read more]

New, sounds like the Broker you spoke to had no idea how to structure an investment loan.

There are some excellent standalone investment deals doing the rounds at the moment with very sharp interest rates and no ongoing fees or charges. Bolt on a 100% offset account if you want but if you still have some non deductible debt left on your PPOR…[Read more]

Jim, unless there is something we are all missing i would have thought you could do a lot better than either of these lenders.

Many lenders won’t do a loan where the interest has been capitalised unless the original loan documents allowed for it.

Did one thru the CBA Commercial only this week.

Cheers

Yours in Finance

Agree with Terry i am not sure why you would pay cash for the property that was only yielding 3% Gross.

Personally would look at some gearing with a 100% offset account and you couldn’t go far wrong.

At least it gives you some form of choice.

Cheers

Yours in Finance

Yep sure do.

They are certainly not the lender to deal with for Expat lending these days.

Cheers

Yours in Finance

Hi Ozboy

Yes hate to say you are correct and that CBA are amongst a number of lenders who have recently changed their expat lending policy.

JacM and I do a lot of loans and property acquisitions for expat clients and the you would surprised the varying policy these days.

We have many forum clients who work in Dubai and pay No tax at all so it…[Read more]

Terry, my understanding of Steele was that whilst it was not necessary that the expenditure in question should produce assessable income in the same year in which the expenditure was incurred any expenditure claim in a period prior to the derivation of relevant assessable income was subject to a variety of conditions including “the expenditure is…[Read more]