As Terry mentioned certainly do not pay into the loan as the interest on each redraw for personal use will not be tax deductible and you will be comitting Accounting suicide.Obviously if you still have a mortgage on your PPOR then attach the 100% offset account to this loan and if not link it to you IP.

Hi FreedomYes just remember that every lodoc loan over 60% is mortgage insured so it is not the lener but the mortgage insurer who sets the terms of reference when it comes to acceptable securities.Reason i ask about trust structure is that some lenders will not do lodoc in Trust.Ok if you are going to subdivide first i think you request can be…[Read more]

PropYes i would get a current independant valuation from a registered valuer. Certainly the costs of the valuation should come off the sale price.

Hi ShaunGrrrrr i think a LOC used for investment purposes where you redraw for personal use is a terrible way to set up your account and I am sure your Accountant is merely being polite if he tells you he is ok with it. Establish it differently and i think you will save a considerable amount in Accountancy Fees as well as interest. We can cover…[Read more]

Hi PropUnless you can find an SA lender to lend to an overseas resident i think you will struggle.Dont think you would find an Australian Private Lender to advance funds for overseas property (I know we wouldnt).No not my area of expertise but in saying this i have purchased partners out of a couple of companies before and this is not disimilar.…[Read more]

Hi Prop1Firstly welcome to the forum and I hope you enjoy your time here.Unfortunately there is no Australian based lender that will offer you a loan secured against an overseas property unless you have other property assets over here that can be offered as security.

Hi ShaunFirstly welcome to the site and i hope you enjoy your time here.I have to be honest if any Mortgage Broker tells you to increase your investment loan to as much as possible and use the funds to buy your residential home then i would run a mile and change Brokers immediately as the ATO will have you on toast.There are a couple of strategies…[Read more]

Hi FreedomOk the way to approach this sort of deal is to work backwards.1) Will you be purchasing the property in your own personal name or using a Trust / Pty Ltd Structure.2) Will the land be subdivided into 2 Lots prior to constructing the units on the back block (If not will you have 3 properties on the 1 Title whilst the subdivision is being…[Read more]

McNormanYou could even wait another year or two and do exactly the same thing and Yes you will pay no CGT.

My preferred structure would be a Unit Trust so that either party could sell their units down the track or purchase units off the other party.If it is a one off deal and there is only 2 of you then a partnership (with the correct Agreement) should be failry satisfactory.Make sure you register the Partnership Agreement and have your own ABN, GST…[Read more]

Would the real Chelsea Bouma please stand up.Great post praising yourself but I ask you. Shane and Cassie first i hope all goes well in October and congratulations to you both.Certainly the Sunshine Coast has seen spectacular growth over the last 5-6 years and there is no reason to believe this will not continue. Also the rental demand is…[Read more]

Yes subject to the post code there are few non retail lender that offer such a product.Same old story though if you havent got pre-sales you are going to pay a higher rate of interest.

Business zone will equal a commercial loan.

Hi NicoleHate to say they would have laughed you out of the Bank as you cannot enter into a Mortgage Contract until you are 18.

Yes Morwell is easily available on 100% lend.You certainly dont need a large brokerage as most are franchised and only good as the operator. In most cases you buy a franchise is you can or havent got a name or client base. They are the Big M Brokers of the industry and have little indepth knowledge about investments. 

Normally the zoning.In saying this whilst you wont get mortgage insurance on a Commercial deal you may stil get more than 80% LVR depending on the quality of the security.Interest rates also can be just as keen.

Hi TracyOk that makes sense then. A pro package does alleviate a lot of the standard fees although i guess you are paying an Anual amount which with Anz is $340 per annum and you still incur a monthly fee on the Money Saver and fixed rate products. The Pro pack also does not cover the Lodoc 80 product or any loan in a Company or Trust structure…[Read more]

As Terrry mentioned – Finance.You say the finance is all approved but it can't be approved if the lender has not sighted a signed purchase contract or carried out if required a valuation on the property.Even if you have received a pre-approval I would still be making it subject to finance. 

Which Bank is that Tracy?

Wrap it or Rent TB to create positive cash flow, i do it all the time thats one of my exit strategies.