If you have equity in another security why not use a line of credit rather than a deposit bond.

Am i missing something here.Your mother in law is selling her property into Trust for $50K although it is worth $250K.Do you want to tell us more. 

Mary, I am glad you feel it is working for you but I hate to say that you would not have saved $7000 in your first year. As both Alistair and I have pointed out before any broker would have provided you with the same service for nothing.

I want to now what happened to the Capital Stable Growth fund paying a guaranteed 15% per annum in Gabriels other post.Dont tell me it is oversubscribed and I have missed that one.

BrettA good mortgage broker will be able to do this for you for nothing for you asit is part of their service.Make sure you find one who is experienced in Trust & loan structures as when you buy a new PPOR the interest on the loan will not normally be tax deductible. If the existing property is sold to a Trust structure then there are ways around…[Read more]

GavIf you paid your Accountant $100 each for setting up your TFN and ABN then you have money to burn as you can do it online on the ATO website in about 20 minutes for nothing.Also $800 in Professional fees is exhorbitant as a good property Accountant will charge you around $1200 for the shelf company, Trust inclusive of their fees. TFN / ABN &…[Read more]

DanIn the case where you are borrowing 100% + on the security of the purchased property alone you will not find any lender will advance any of the funds until such time as settlement has taken place and he has title to the property hence i would suggestion your broker has suggested a Deposit Bond.If you are also offering equity in another property…[Read more]

Yes it would depend on the end sale price, your external income and whether you had an unconditional pre-sale contract on the property.

Joshua The SGB 100% loan has a max loan of 500K and the post code would not be acceptable.

MarcAnother new member offering financial advice dont you love it.

MikeThis day and age most financing deals are done electonically so the need for a face to face sit down is not always necessary.I must admit like a lot of other brokers most of clients dont live in Brisbane or even SE Qld btu right across Australia and throughout the world. Email makes life a lot easier and can be simpler than the spoken word.The…[Read more]

You are referrring to Gross Realisation loans Buzzer and yes they are available from certain develepment style lenders although they probably wouldnt be interested in doing a single house at a time.These tend to larger unit / townhouse developments from circa $500K upwards and the interest can be capitalised within the loan which is standard for…[Read more]

JoshuaPerhaps Gabriel is a Licensed Financial Planner but if he is not is treading on dangerous ground offer financial advice to you when i assume he not done a needs analysis.In saying this not sure how many capital protected funds are paying 15% per annum in the current climate.My suggestion would be to invest the balance in an offset account…[Read more]

Michelleif it is such a great deal why not post it on the forum and you will get more takers.

TerryYes in Qld anything over 6 per annum,If you are selling your own properties as a Developer you require a Property Developers License.

JoshWhy does a Discretionary Trust not suit your needs at all. I agree with Terry if you operate both your business and property acquisitions in differing discretionary trusts then one can offset the other. I would never operate a business in my own name.

Wow $900 a week thats an excellent effort.There are many trains of thought but as Terry mentioned you never know when you may purchase your own Principal place of residence and need the surplus funds to pay down a non tax deductible debt.My suggestion would be to get your mortgage broker to switch your current loan to interest only and link it to…[Read more]

Please do not use the $60K as a deposit whilst you still have a non tax deductible home loan.If you are unable to pay this amount of your home loan due to the fixed rate see whether your lender can offer you a 100% offset account against the loan (Some lenders allow this on fixed rated products) or alternatively use the available equity and offset…[Read more]

Terry just to answer both QuestionsNo it is not a franchise and no there is very miniting security.

Subject to valuation and serviceability should have no problems.