SNMIn Qld if you do more than 6 a year (which we do) then you do need to be licensed.

Hi SwanyYes it can be done as long as the Trust Deed is amended to allow borrowing for installment warrants and Yes i have done it for myself and clients already.

JoshIf you are merely looking for Asset protection and are not too worried on covering any negative gearing shortfall then i personally would be looking at a Discretionary Trust structure.Discretionary Trust A discretionary trust is often referred to as a "Family Trust". It provides flexibility in sharing income within a family and can operate for…[Read more]

SNMHate to disagree with you in this statement "As there is no  lease and no caveat with a wrap"The Property Act gives the wrappee the legal right under the Terms of the Purchase Contract to register a caveat against the property.

Rams 90% Lodoc I would still classify as flexible and competitive.

GregBased on a 93% LVR they are probably looking at a premium of approximately 1.45% of the total loan amount i.e $4050.This can be capitalised to the loan balance.

Hi DaFizFirstly i certainly would not use my own capital as a deposit for an IP especially when you have a non tax deductible home loan.If you dont necessarily need the cash why not look to pay the $13,000 into your home loan thus reducing the LVR and then look to refinance at the same time as you go to contract on  anew IP. Borrow 100% of the IP…[Read more]

Wonder why they prefer not to deal with the Banks….. Wouldn't be that they like to rebadge a securitised lenders product under their own label to maximise their profit.

SNMIn Qld if you sell more than 6 properties a year (even privately) you are required to be licensed.Not sure about other States but i have a feeling Terry is correct.

Your personal debts will certainly go against your serviceability however in saying this there are a few lenders out there offering 100% and more in the way of LVR.I assume the property you are looking at buying would be an investment property.Acquisition costs could be your biggest hurdle as stamp duty, legals, Bank application fees and LMI or…[Read more]

Hi GregI assume that the existing loan is with NAB hence the request to stay put.If this is the case then the Bank may want to charge an application fee circa $600 to cover their valuation, application and in house legals. This could be a problem in it own right as NAB use their own in house valuers for refinance work and i bet my bottom dollar…[Read more]

Hi BrendanI think you would be better off to leave the first property in your own personal name given the costs involved especially whilst the property is mortgaged and your liability reduced. Utilise the available equity as deposit and go again in due course. Dont forget a fixed rate takes a lot of the panic away over increasing interest rates…[Read more]

Hi JarredCongratulations on coming so far in such a short period of time.Unfortunately one of the biggest hurdles going forward is serviceability.Lenders generally take a percentage of your rental income (this varies from lender) and add this to your own income and then subtract your interest repayments (usually worked out at a higher rate than y…[Read more]

Hi PeteCant talk for Adelaide but in Brissie i use Keith Clarke at Mayfair on 0411 516259.Keith is actually the Principal of the office and unlike your average Real Estate you tell him the sort of property you are after and he locates. There property management department is excellent so i normally tailor my acqusitions around what they tell me…[Read more]

A Mortgage Broker and a Mortgage Manager are 2 very different beasts.Also an Accountant cannot give Financial Advice unless this advice is very restrictive.

Despite wearing my Financial Planing hat i agree with Tracey.Most FP's have one thing in mind and that is to guide you into a commission paying Managed Fund and then really dont have any interest in you unless you are regularly contributing or wish to up your Super Contribution.Those that charge on a fee for service basis have your money up front…[Read more]

Hi BennRegretfully not. As mentioned by Terry one of the strategies is to consider selling the property into a Trust structure borrowing the full valuation and then using the difference between 100% of the valuation and the loan balance to pay down your PPOR.The entire amount of interest then becomes a deductible expense.Whilst there is stamp…[Read more]

Pleasure

Hi FreedomNo problems always happy to help.You will find difficulty with CBA if you are looking at a Lodoc product and using a Unit or Hybrid Trust. Also whatever they tell you there offset account is not quiet a true 100% offset account.With most lenders that we deal with you will not pay any more for a construction loan. CBA the current SVR is…[Read more]

Hi BrendanFirstly welcome to the site and i hope you enjoy your time here.You are right that you Trust Deed needs to be dated prior to the purchase contract so it is wise to set this up first off.Your existing property can be transferred into the new Trust but would trigger both additional Stamp Duty and possible Capital Gains Tax so may not be…[Read more]