Sure Cameron will not have a problem.Give him a call as i mentioned.

The only Shared Equity loan currently available in Australia is funded through Adelaide Bank and their range of mortgage managers.They are available for both first, second purchases as well as refinancing although are only available on full doc loans.Loans are limited to a max of 95% LVR with upto 20% being provided on a nil interest rate by…[Read more]

Dependant on the security you may need between 25 – 35% deposit.Many of the normal US lenders have withdrawn their Foreign National products due to the sub prime crisis.There are very few US lenders that will fund these loans and many are State specific.

Wow interest rate is not cheap but i guess this is due to the security being slightly on the small size.Cameron is based in Melbourne and is a regular contributor to the forum. Why not contact him and see what he can do for you.

Wrapping is not illegal in WA but an Annual Credit License is required. Applications can be made through the Office of Fair Trading.

WarwickHave to disagree with a couple of points:My wife also earns an income of about $700 a week cash in hand (so she couldnt go in the loan with me).  A) Being paid in cash is not a problem as she would still receive a Payment Summary and have to submit a Tax return. Obviously if she is defrauding the Tax Office by not declaring the income t…[Read more]

Yossarian wrote:Trakka, Also, I'd argue that loans that you guarantee are not your liabilities. If your son or daughter buys a car and needs you to go guarantor to get them the loan, do you think that the parents, when applying for their own mortgage, should declare that car loan on their statement of assets and liabilities? In this case, the…[Read more]

ErikIf you come here often and dont mind a trip to the Gold Coast call Steve Hodgkinson who is a partner at the Gold Business Group in Southport.Steve has been my Accountant for 12 years and is a current forum member and property investor.He can be contacted on 5532 2855. Tell him i sent you as most good property Accountants are not taking on new clients.

Disagree, it will depend on the lender you are refinancing to as to whether they will accept a Transfer of the duty paid.

Lance"then you can sell your option to a purchaser with no Stamp Duty liability" – Regretfully this is not the case in each State.Qld for one has no duty on Option Contracts but certainly 2 of the States I am aware of you are still charged Duty.

Because it gives them more disposible income to spend on appreciating assets and deductible expenses. Also if down the track they decide to move out of their PPOR and rent the property the full amount of the interest is Tax deductible whereas if they have paid down the loan they often find themselves borrowing non tax deductible funds to purchase…[Read more]

Joseph I disagree many loans secured against your PPOR are interest only especially when linked to a 100% offset account.

In my humble opinion if you are Sydney based you could not go past Terry W from Discovery Home loans who is one of the longest contributors to this forum.Look at some of valuable answers to previous posts and drop him an email.20 years in ther industry has to count for something. Alot of the Aussie guys have 20 minutes in the industry if you are lucky.

Several lenders will go upto 95% LVR for expats so there is no barrier at 80%.One of the 2 main MI companies will provide cover on these loans so 95% is quite achieveable.

Look on this forum and seeing the answers to previous posts is a good start for someone who knows his onions.In my humble opinion if you are Sydney based you could not go past Terry W from Discovery Home loans who is one of the longest contributors to this forum.Look at some of valuable answers to previous posts and drop him an email.

Not the sort of strategy you will read in a book or learn from a lecture.These strategies take time to learn and understand and even when you have done your upteenth deal you are still learning.I have done well over a dozen flips with amount well over the $5Mil mark but must admit i would have never done it as an initial sdeal if i had been risk…[Read more]

I think a good broker based in Sydney has already answered your initial post.Terry W is excellent and well worth an email.

Hi MarkEach Council will have different rules and regulations. Depending on where you are located ring a local Town Planner and they can give you the requirements in the area.

In a word – NO.

Hi DSYes the IP is purchased in whatever entity you intend to hold the security and that entity is registered for an ABN.In answer to your questions:1) Yes but i am not sure you would want to.2) No but maybe reasons why you would want to dependant on 1) above.3) Always makes life easier.Trust certainly do not pay Tax at a flat rate of 30% in fact…[Read more]