I think Paul has adequetly answered the question so I wount go over old ground.I am not sure many Vendors would be too happy on accepting an offer on the property subject to you finding a buyer on the house at a higher price.Why not forge relationships with real estate agents and get them to refer you deals where the buyer has found  a property…[Read more]

I am Director of the largest provider of Instalment Finance in Qld (First Home Owners Group Pty Ltd) and would be happy to answer any questions you may have.

Same in Qld Terry.

Mee Chee but it wouldnt have been Lodoc with NAB certainly not as a devlopment deal.

Rams as you know are securitised lender and not a retail Bank and therefore do not offer a full suite of products.Unless you need to go lodoc / nodoc you would not use their normal suite of products which are uncompetitive and expensive. If you think the customers service staff couldnt speak English you want to try and deal with their credit team.…[Read more]

With actual figures an accurate assessment could be made.

Downside with a Guarantor (and assuming they have some financial benefit) is that all of their liabilities will be taken into consideration i.e home loan, personal loan, car loan, credit card etc etc.I Guarantor is not always the answer.

Hate to disagree with Sanjiv but that is not the case if you are in Qld.

If you are using a HDT structure that is not quiet right.The property will be in the name of the Trust although the loan in your name. You will then borrow the funds to purchase units within the Trust.The interest deductions, depreciation etc etc will flow through to you as the unit holder.In saying all of this make sure your Accountant is upto…[Read more]

As long as your income is base salary then 3 months should be fine.If it commission or bonues etc then you will probably need a full 12 months.

There ya go then it is CGT exempt.

Excellent point crj the 6 year PPOR exemption rule will apply if you have lived in the property at all.

MatThe loan amount is immaterial.The three methods of calculating capital gains are summarised and compared in the following table. In some cases, you may be able to choose either the discount method or the indexation method to calculate your capital gain. In this case, use the method that gives you the better result.    Indexation m…[Read more]

Hi Ann MarieWe have had a few meetings here in Brissie already with fellow forum members so will keep you informed when the next one comes along.

Alternative to asking them is take out a 100% + loan and do it yourself.

Ring a couple of independant valuers and ask them who Bank panel they are on.Then work backwards. Everything can overcome.

Valuation will be based on what the valuer sees at the time and unless he is aware of the work being done on the property it is unlikely he will value the property accordingly.Presumably when you agreed to purchase the property you had a reason for paying the purchase price. Why not ask you mate if he has ever had a valuer put this agreed p…[Read more]

FidelRegretfully you are unable to transfer the property into an alternative name with incurring stamp duty (ignoring the Love and Affection clauses available in certain States) as it is treated as a Sale.In saying this there are many reasons why you would still do this. A Trust structure can give you a combination of Asset protection on the basis…[Read more]

BrettThe 2 lenders that offer 100%+ loans do no  tmortgage insure them so it is not the Mortgage Insurer that imposes the post code restrictions

Sorry is this a paid advert.Not bad for your first post. And dont tell me the properties are in Western NY not a place called Buffalo surely.