ChadAre you able to share the dates Brian will be in Oz as it would be great to meet up with someone with so much experience.

As Simon mentioned Lodoc / Nodoc style loans provide an important place in the market for just your type of enquiry.This day and age you won't be paying a higher rate of interest for such a product. 

Try Lewis OBrien in Victoria. They are an experienced firm in Melbourne dealing in the Vendor Finance market.

Haitran not in this country you cant my friend.If you buy and Asset and then sell that Asset CGT is payable on any gain. There are many ways to reduce the CGT but you can not roll it over. I think you are referring to a 1031 Exhange in the US.Doesnt apply in Oz.A Commercial property rolled into a SMSF is an exception and then only until 30th June 07.

Hi PaulYou will not unfortunately get the loan mortgage insured so will be limited to less than 80%. The multi unit dwelling part is the problem.

Nigel

I think every reader of the post and anyone who knows Chad and the Professional way in which he conducts his business understands that Tax will be payable on a capital gain.

Thankfully due to concessional Double taxation agreement we have with the USA not everyone will be taxed at the 15% rate you mention.

Cheers

Richard…[Read more]

There is no need to go to the expense in asking an Accountant to do you up a letter to this effect.

Firstly your Mortgage Broker will put it in his submission and secondly the lender will see from the last lodged Company return that the company has not traded and was merely established to purchase and hold IP’s.

Depending on how many IP’s you…[Read more]

Another consideration would be to sell the PPOR into Trust now pay the stamp duty and then use you would be able to claim all of the interest as a taxable deduction.

The funds raised you could use as deposit on your new PPOR.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720…[Read more]

Lizzy the Mac Bank deal is only for loans over $200K and has no step down rate.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
New Shared Equity scheme has arrived – Email us for details.

No not at all.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
New Shared Equity scheme has arrived – Email us for details.

Chris

At $65,000 the property presumably is in regional Australia and is probably zoned residential rural or rural.

One problem will be the postcode and whether the Bank / lender you approach can mortgage insurance the loan. If they can’t you will limited to an 80% lend.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed…[Read more]

Jim

Sorry i dont agree with Sanjiv if the unit is greater than 35 Sq M internally then you would easily obtain 90% LVR.

I think 1 bedders are a great investment so much so that i bought a block of 14 x 1 & 4 x 2 inline.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720…[Read more]

Tim

Good story and I am glad for you it had a happy ending.

I hear this every day of the week from clients and regretfully it is not all plain sailing when it comes to X collaterilising.

I hope you story get read by every investor thinking of taking the plunge.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial…[Read more]

Hi Silvery

There are a couple of considerations however it is possible to make the full interest on $300K full tax deductible.

You could use the additional monies raised to sit in an offset account for the time being and then withdraw it to use it as a deposit for your new PPOR when you purchase in Perth.

Regretfully redrawing does not help…[Read more]

Admitedly Accountants have little knowledge of lending or loan structuring but in saying that we have never had any problems in placing a deal within a Trust Structure.

This goes for full documented / lodoc / nodoc or Commercial. No tall lenders like Trust structures usually because the local manager does not understand them but a good MB will be…[Read more]

Also you are limited to around a 70% lend.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
New Shared Equity scheme has arrived – Email us for details.

Hi there
I would need a little more information about your daughters income and the property location but there maybe a way.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
New Shared Equity scheme has arrived – Email us for details.

Would have thought that was something Richmastery would have given their affiliates.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
New Shared Equity scheme has arrived – Email us for details.

Lenrhonda

CGT maybe not payable in yoru case. Have you considered selling them to a Unit Trust with you as the sole Unit holder.

With the funds raised you can pay down your non tax deductible debt almost to nothing.

This then means that all of you rloan would be 100% tax deductible.

Cheers

Richard Taylor
Residential & Commercial Finance…[Read more]

Which State are you in ?

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
New Shared Equity scheme has arrived – Email us for details.