SwiftSimple answer is a lot of mortgage brokers or bankers now no better.They are not property investors and are merely looking at the total security cover.Alternatively some organisations  recommend X collateralising your loans with one blanket line of credit because on the surface the interest rates look good. In most cases they will however…[Read more]

BMWRegretfully couldnt tell you whether it is available direct as in Qld we have to deal with a MM.Must admit their are twice as efficient and product range is excellent.

BMWRegretfully couldnt tell you whether it is available direct as in Qld we have to deal with a MM.Must admit their are twice as efficient and product range is excellent.

As one would expect the above comments made by Terry and Simon are bang on.Certainly you need to weigh up the costs of selling the property into a Trust structure in relation to Stamp duty, potential land tax liability etc etc. However if you take the interest charged at say 8% on say $465,000 being the potential sale price this amounts to just o…[Read more]

Many suitable areas worth consideration but you need to decide whether you want to finance the deal out of the US or use your own cash or line of credit from Oz.Have a look through some older posts and you will see many varying views.

As has been mentioned if you have been contracting for the last 10 years you have been treated as self empoyed since then irrespective of the structure and entity you operate under.Lodoc loans are available upto 95% however you will start to pay for it when it comes to interest rate and LMI with anything over 90% LVR. Insured loans at this level…[Read more]

Which part of the UK are they talullah ?

TerryTotally agree. In most cases i have found that the flips I have done have been onsold to other developers who have gone on to develop the site or in some cases flip it again (Yes the Nundah Bowls Club which we flipped was subsequently onsold twice more before the end developer built 55 units on it) so the CGT concession has not been a…[Read more]

But, one drawback is that a company does not receive the 50% reduction in CGT for assets held more than 12 monthsAbsolutely correct but not applicable if you are looking at doing a flip.

EternitIt is very simple you may the property in the name of ABC Pty Ltd a newly established Company with a 3 month settlement date.After a week you find a buyer for the property and rather than redo the purchase contract merely do a Share Transfer and the buyer buy the shares in ABC Pty Ltd. As long as the Company is not considered Land Rich…[Read more]

Can you imagine having just bought a RAMS franchise.

RobGST is payable on the strata title of a block where you have done :substantial renovation".Admitedly took a private ATO ruling to find that out but it is the case. 

I dont think i would be rushing in to refinance with a securitised lender at the moment but everyone to their own.

There is a big difference in interest rates between 90 / 95% LVR when it comes to lodoc loans.At 90% you are looking at an interest rate of around 8.6% with another 1% added on for a 95% LVR.  Both these rates assume that you pay the LMI or they can be paid for by adding another 1% or so on the interest rate.All loans are fully mortgage insured…[Read more]

St George offer a Foreign Currency loan facility with the interest rate pegged against the Interbank rate for the country in the currency is charged i.e In HK the rate is set against the HIBOR currently around 5.75% depending on the loan amount with repayments being made in HK dollars.

Adelaide Bank offer an excellent lodoc product but maybe only open to limit brokers.To be honest no i dont use ING or Bank West for residential deals.

If you want the best on the CG try Steve Hodgkinson who is a partner at the Gold Business Group at Southport.Steve has been a good friend and my Accountant for the last 12 years and is an active investor himself.He is very experienced in Property Trusts.You can contact him on 55322855. Tell him i referred you as most good Accountants are not…[Read more]

Simalar to Terry1) ANZ or St George2) ANZ or St George as we obtain a higher than normal discount.3) St George or Adelaide Bank through an excellent MM here in Brisbane. They are good for both PAYG and S/E and Trust are no problems. Also no LMI at all to 76% LVR and paid for by the Bank to 80%. Pioneer for upto 95% Lodoc.4) St George and RAMS5) Ca…[Read more]

MarcWe currently hold under our Company First Home Owners Group Pty Ltd 184 properties in Qld which have been sold under Vendor terms. Over the 10 years we have offered Vendor Finance here in Qld only 1 client has handed in her keys and we have agreed to sell the property (Currently under Contract in Rockhampton) and give her $30,000 of the…[Read more]

Are you sure after yesteday 85% Lodoc will that competitive given the early repayment fees.Also last time i checked 80% nodoc at less than Bank rates had rather high DEF's.