Richard Taylor replied to the topic No Deposit investment product in the forum Help Needed! 4 years, 7 months ago
Terry you are correct as we all now that the slightest hiccup means LMI delcine the deal as they dont need an excuse
We have been piloting both the SMSF product & No deposit for investors for the last 3 months and certainly picking up momentum.
Cheers
Yours in Finance
Richard Taylor started the topic No Deposit investment product in the forum Help Needed! 4 years, 7 months ago
Just thought I would get some feedback from fellow forum members about the demand for a new limited deposit product we are looking at launching.
Over the years we have helped hundreds of investor clients build their property portfolios but one of the biggest hurdles for many has always been the fact of accessing equity to come up with new…[Read more]
Richard Taylor started the topic No Deposit investment product in the forum Help Needed! 4 years, 7 months ago
Just thought I would get some feedback from fellow forum members about the demand for a new limited deposit product we are looking at launching.
Over the years we have helped hundreds of investor clients build their property portfolios but one of the biggest hurdles for many has always been the fact of accessing equity to come up with new…[Read more]
Richard Taylor started the topic Investors with limited equity for deposit in the forum Help Needed! 4 years, 7 months ago
Just thought I would get some feedback from fellow forum members about the demand for a new limited deposit product we are looking at launching.
Over the years we have helped hundreds of investor clients build their property portfolios but one of the biggest hurdles for many has always been the fact of accessing equity to come up with new…[Read more]
Richard Taylor replied to the topic 85% LVR SMSF in the forum Finance 4 years, 8 months ago
Ian, happy to email you the product specs if you want to PM your address.
Cheers
Yours in Finance
Richard Taylor replied to the topic SMSF Purchase Property Outright in the forum Help Needed! 4 years, 8 months ago
Yes product was launched in June after Cooper Grace Ward signed off on the product and to date we have settled about 30 deals.
At the moment we are getting a deal a day in from our Broker network.
The product is a SMSF Rent to Buy.
Cheers
Yours in Finance
Richard Taylor replied to the topic Investing in the UK property market as an Australian ? in the forum Overseas Deals 4 years, 8 months ago
Chris, As a Non Resident you wont get ANY UK lender to provide finance on an investment property.
I have a property in the UK and a UK Bank Account having been born and bred there and even i can’t get finance.
You thought it was hard to get Finance in Australia as a Non Resident well the UK is even harder.
Cheers
Yours in Finance
Richard Taylor replied to the topic 85% LVR SMSF in the forum Finance 4 years, 8 months ago
Hi Matt
The facility is not an SMSF loan and therefore does not fall under the LBRA rules.
It is done by way of a direct lease agreement with the SMSF and therefore has greater flexibility as well as considerable Tax advantages for the SMSF in the long term.
We have spent a considerable amount of money with Cooper Grace Ward ensuring the…[Read more]
Richard Taylor started the topic 85% LVR SMSF in the forum Finance 4 years, 9 months ago
Thought I would introduce all PI members to an Australian first in the SMSF property loan space.
In conjunction with our legal advisers & Superannuation Lawyers Cooper Grace Ward we are now able to offer SMSF’s an opportunity to purchase residential property in QLD, NSW, ACT & WA property to a lvr of 85% without having to go thru the expense of…[Read more]
Richard Taylor replied to the topic SMSF for Investing in the forum Commercial Property 4 years, 9 months ago
80% or even 85% with 1 lender available however interest rates certainly have not come down too much.
Cheers
Yours in Finance
Richard Taylor replied to the topic Unsecured loans up to 100k? in the forum Finance 4 years, 10 months ago
Are you PAYG or Self Employed ?
If self employed and have your last 6 months Bank Statements then depending on what industry you are in there are a couple of lenders who may look at but won’t be cheap.
Cheers
Yours in Finance
Richard Taylor replied to the topic Use Equity in 1st IP as deposit in the forum Finance 4 years, 11 months ago
Hi Brizza
Yes certainly is and how most investors go about it.
Trick is however to avoid cross collateralising your loans.
Normally you would draw upto 80% of the value of the first up and use this as deposit for number 2 but just running your numbers you are going to be well over 90% lvr inclusive of stamp duty and that is likely in the…[Read more]
Richard Taylor replied to the topic SMSF Purchase Property Outright in the forum Help Needed! 5 years, 1 month ago
Due to popular demand we are launching our in house SMSF loan product with no liquidity and no minimum fund balance.
It is a lodoc loan so even if you are self employed and the lvr and property asset is right you will be considered.
Even if a new Labour Govt carry out their threats and withdrawn LBRA’s the product will still strive.
Just…[Read more]
Richard Taylor replied to the topic Anyone heard of Asset Partner in Perth? in the forum Help Needed! 5 years, 1 month ago
Sure Debshe will back on shortly to tell us they have now helped her pay off her home loan in full and she doesn’t pay any tax at all due to their teachings even in insolvency.
Maybe they were busy saving everyone else Tax they forgot about paying their own to the ATO.
Cheers
Yours in Finance
Richard Taylor replied to the topic Anyone heard of Asset Partner in Perth? in the forum Help Needed! 5 years, 1 month ago
Sure Debshe will back on shortly to tell us they have now helped her pay off her home loan in full and she doesn’t pay any tax at all due to their teachings even in insolvency.
Cheers
Yours in Finance
Richard Taylor replied to the topic SMSF Purchase Property Outright in the forum Help Needed! 5 years, 1 month ago
Unless you are existing accreditated introducer Macquarie isn’t taking on any new SMSF’s now let alone June.
Still several other SMSF lenders and some interesting post LBRS products in the pipeline.
Cheers
Richard Taylor replied to the topic SMSF Purchase Property Outright in the forum Help Needed! 5 years, 1 month ago
Unless you are existing accreditated introducer Macquarie isn’t taking on any new SMSF’s now let alone June.
Still several other SNSF lenders and some interesting post LBRS products in the pipeline.
Cheers
Richard Taylor replied to the topic Investing with Super in the forum Help Needed! 5 years, 1 month ago
Hi Craig
We have our own white label SMSF product which is a leader in the SMSF market.
Certainly an area we see lots of borrowers come unstuck.
Drop me a line if you would like me to get one of credit officers to email you some product specs.
Cheers
Richard Taylor replied to the topic American Foreigner Investing in Australia? in the forum Overseas Deals 5 years, 2 months ago
Big difference between an Expat and a Non Resident.
As an Expat you can purchase a second hand property so have the opportunity of purchasing below market value like the rest of us. If you are looking at flipping the property then certainly doable but need to consider the Stamp duty implications and other associated costs.
Cheers
Yours on Finance
Richard Taylor replied to the topic Difficulty borrowing for rural in the forum Finance 5 years, 2 months ago
Hi Dave
Doesn’t surprise me we see it all the time with the big 4.
Would need more information to be able to advise you further but you are likely to be limited to circa 75% lvr depending on the size etc.
Cheers
Yours in Finance
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