EmilSorry not sure why you cant get 85% Lodoc. Many of the non conforming lenders will do it with a ABN < 2 years.Saw your post, you would be better of talking with someone like Paul Dobson down in Newcastle. Paul is a fellow forum member and does many many JV wraps.Regretfully we dont JV any of our deals.

Buying and selling in a Company is fine as you will be taxed as trading profit at a rate of 30% however you will not get the concessional CGT rate which would apply if you held the asset for 366 days +.It is all horses for courses.

Assuming you didnt purchase the property in a SMSF when the discount is only 33% after 366 days +.

SteddiOMG i would be leaving that broker immediately and never returning. It is a shame we can't start a SHAME file of these so called Professionals where we could print their names and ensure others avoid them.In saying that you are not much better off in going to see a Financial Planner unless you have some need to be sold something.A good MB…[Read more]

EmilDepending in which State the property is based will determine when the Stamp duty is payable.In Qld it is paid 30 days after the Contract goes unconditional and prior to settlement. Can be the same day.Only problem i can see is that the lender will need to be advised of the Vendor rebate at settlement which will effectively reduce the purchase…[Read more]

Irrespective of the LVR the way that you structure the loan is more important.Many new brokers who are not property investors themselves do not understand the mechanics of cross collateralising loans and the potential long term problems this course of action could cause.

Nick Without commentating on whether the deal is financially sound all i would say is Bardon is a great suburb and you will struggle to find anything for less that $500K there. I am in Chapel Hill next door and nothing sells for those prices there days.If she is happy for you to buy it at $500K i dont think you can go too far wrong.

I totally agree they can be both.I just have to wear a different colour beanie.I must admit i have dozens of expats clients living everywhere from Asia, USA, UK and 1 couple in Finland.

What is the security you are looking to refinance.If all stands up should be a piece of cake.

Sorry ElkaWas actually away on holiday so missed this one.Reading the responses i think Simon has hit the nail on the head.

Your Mortgage Broker should be doing the job for you.

Nodoc loans are actually available to 80% without any evidence of income.

Hi ARPYou are half way there. There is nothing stopping you taking out a new loan to say 95% LVR on your home by way of a LOC and as the property value increases and the debt reduces utilising the new equity available for share or investment purchases.As this would be a separate LOC to your main home loan you may need to have the property…[Read more]

Hi JasonAs Alistair has pointed out Development funding is a wee bit different to the standard house construction.You are probably looking at a max LVR of 80% of the land value and 80% of construction costs subject to a max of 65% end value.If you intend to retain the units after completion you will need to show an exist strategy to meet the…[Read more]

Hi AbbruzziJust back from 2 weeks holiday away so havent posted for a while and will get straight back into it.When i first arrived in Australia in 1993 i spent a year as SGB lending manager here in Qld. Even then the old blanket loan trick promise we are not cross collateralising was being worked and is a complete ruise.I assure you that the Bank…[Read more]

AngieJust to correct you. Many lenders will advance 80% on the islands. You are right you will not get LMI but i have done many deals at 80% of valuation

Ducksters post is only relative if you purchased the property as Joint tenants or as Tenants in Common using a 50 / 50% shareholding. Any other combination of share would aportion the capital gain accordingly.

LianaI think i would be looking at another broker with sort of limit advice.Each lender has its own serviceability model and takes certain elements of income and expenditure into consideration.The trouble with some brokers is that if you dont fit their niave CBA model they dont want to become creative and look further afield. 

ShergarThere is only 1 and he is the best.Try Steve Hodgkinson who is a partner with the Gold Business Group at Southport.Steve can be contacted on 5532 2855. He has been my Accountant for nearly 13 years.Tell him i referred you as most good Accountants are not taking on new clients.

K 15 units you would be able to get 80% with Anz and many others.