85% – For Nodoc / Lodoc -95%

3 units on 1 titles would be considered residential.Wouldn't get LMi on it but 75% would be a standard lend. Could easily be done as a commercial at residential rates.

The terms of the Lease Option will need to be documented by your Solicitor and the monthly repayments will be geared to the Contract. It will depend on whether you are offering a straight Lease To Purchase or whether you are inclusing a balloon the end payment.Your Solicitor should be able to help you word the document up accordingly.

Vendor Financing is where the Seller or Vendor provides some form of finance during the sale transaction.This can take many forms from a personal loan and 2nd mortgage carry back to a full installment contract with the entire debt being funded.

Hi RobTry Tracey at the Goodman Group on 1300 134 072.She does all my Victorian purchases and the service level is excellent.Tell her i sent you and she will look after you on price.

Ok one question at a time:1) What sort of proof do you need to retain regarding the use of the funds?A) Normally very little evidence all depending on the amount of funds you are applying for. For say a $100,000 Line of credit with funds to be used for investment the purpose of the loan would "Investment Purposes".2) Is the Line of Credit secured…[Read more]

Also 10% on 2nd mortgage i can do a lot better in lending the funds myself at a substantially higher interest rate.Preumably you are also offering a personal guarantee with it.Our wrappees pay 10% and we have the title to the property.

Brett what is it you are trying to find out ?

I would guanrantee they wont.Even Citibank Australia will not lend on US properties to Australian residents.The only solution would be to approach a UK lender and as mentioned gift the deposit to you. (In the UK there is a considerably more choice when it comes to Nodoc / lodoc  that here in Oz if proving their income is a requirement).

At 58 the Pension would be taxable at your highest marginal rate so not necessarily the way to go.

Even one of the non conforming lenders will not be able to act that quickly you are better of with private funds as long as you can show them a take out strategy.

ReginaWhy would not write a covered call against the installment warrant to maximum your returns.We do this all day long in our SMSF and works very well. 

Try Tracey at The Goodman Group on  1300 134 072.Tell her i referred you as she does all my Vic purchases.

Rubbish a Trust takes about 2/3 hours to set up and would be available for the following day to sign a contract.

Les Wrapping is certainly just as viable in the right areas.This day and age you need to adapt the contracts for the right times.We use License to Occupy contracts in Qld now with balloon payments at the end of the 21 year term in order to reduce the monthly repayments. Works similar to a motor vehicle purchase.Also a combination of shared equity…[Read more]

RobAnz Bank offer 100% offset on their 1 Year fixed rate which is unusual and there are a couple of major lenders that offer fixed rates with unlimited repayments and 100% offset.Best of all worlds.

I live in Chapel Hill about 10 KM's from Redbank Plains and this week alone have applications from 3 separate investors buying in the Redbank Plains area.One of the problems is that all of the last cheaper homes in Brissie are going by the way side so it is a matter of where to go next.Dont think you can go too far wrong with the right property.

You are not operating as a Company Trust but the Company maybe the Corporate Trustee.Tax will be paid by the Company at a rate of 30% however when distributed will come with franking credits so the beneficiares may pay more of less dependant on their own marginal Tax rates.

RobYes as long as the date on the sale contract is after July 1 2007 then the profit will be assessed in the Tax Year 2007/2008.

As you are buying it off a family member why not see whether there is some Vendor Finance option with deferred interest repayments or similar.