You can protect shares with options or make extra income through writing options.Theres a lot of different stratsThere certainly is. From last recall i think over 20 different protective ways to trade from a simple Call to a Iron Condor.It is just finding the strategy you are confortable with.

Hi LisaGood to hear that you have done your figures at least that makes lenders take you more seriously.Couple of quick additional points:1) I wouldnt worry where the income is derived from but would like Simon suggested deposit all of you income into a 100% offset account linked to your PPOR and not your Investment LOC. You can direct repayments…[Read more]

Suncorp will do 80% LVR on lodoc or 70% Nodoc so i am confused why the max is 55K.I would never use the Bank as their service levels and customer relations are a disgrace so I agree with you there.As Marc mentioned private funds maybe an option slightly more expensive but if the deal stacks up that much then could be well worth it. Last deal we…[Read more]

AlistairSometimes mate you realise in life you are pushing a barrow up hill and it just isnt worth it.What do they say about taking a horse to water.I think if you search deeply enough you will also see many posts on this forum from people who thought Henry Kaye was the next Messiah.I am sure she does it for love and not the money.

JosephHardly a sensible suggestion when 1 party to the loan is a non resident and may require FIRB approval and cannot show evidence of income and the other is part time employed and the existing loan is a fixed rate loan.I am sure you suggestions are welcomed but vague statements without supporting fact do very little for anyone.

Dependant on the number of units in the block will determine the LVR available.An 80% can be achieved on block of 4 or more but you will need to finance the 20% plus refurb costs unless you can use a GR loan but you will need to access equity in you rother IP'sObviously the higher the LVR the higher the rate of interest. 

Dont want to put the dampner on your interest rate of 7.28% but it is incorrect. Might want to be checking those loans docs again. And as Alistair stated doing on lodoc is financial suicide.In saying that of course they would have explained that to you.

Alistair has wrapped it up in a nutshell !!!!

Try Terry W from the forum here.Wont get much better service and professionalism.

It happened earlier this year with HLP but hardly even got a mention.As Simon said a loan is an Asset and can be onsold.

DebraWow straight out of the blocks and on that high horse.1) they only charge to become members not for refinancing – I rest my case.2) we have put 5 of our propertys into one line of credit split so that every 12 months we can revalue and take the excess to deposit on another property. to refinance 5 propertys every year to gain 20k from each…[Read more]

Tall2zHave to disagree a little.St George securitises against 30% of its loan book and they are the 5th largest Retail Bank in Oz.

Frog You say that interest rates will not effect you but Feb 08 is 7 repayments away and Sep 08 only 12 away.Dont think you will be locking in at the current rate come expiry so will certainly have an effect. F is correct and something i have said for years we are literally drowning in Consumer debt.   Thanksfully over 40 of my IP's are now mor…[Read more]

SheilsyDefinately go the offset option.

I would endorse TICA.I have just purchased a reasonable sized rent toll in Brissie and the Agency that run it for me swear by it.

As Terry mentions you should have got the Vendor to sign a P & C Option rather than a standard REIQ contract.In Qld there is no stamp duty on an Option so the net amount between the flipped amount and the original amount would have been yours.Alternative is if you purchased the property in a Pty Ltd name you could sell the shares in the Company…[Read more]

Personally I would never be paying down a investment property loan whilst i still had a debt on my PPOR. Suggest you restructure and convert the IP loan to interest only and the PPOR to P & I or IO with a 100% offset. By paying off your PPOR debt quicker this will not restrict your ability to borrow for your next IP.Might want to avoid Cross…[Read more]

BarneyGR loans have nothing to with the fact that GST is payable on the end product and a merely a mechanism to finance a development on value and not cost.GST is calculated on the end sale price or margin price dependant on the project and has nothing to do with how the deal is financed.

Carrying on from my earlier post some borrowers maybe interested to know that St George Bank securitises some 30% of its residential loan book which is 4 times greater than the Big 4 Banks.The risk is the end market buying these loans and now partially dried up and is also demanding a higher rate. This will affect all securitised mortgage players…[Read more]

If you would go as far as the Northern Gold Coast can certainly put you in touch with the best Property Accountant going around.Shoot me an email and I can give you his details.