Hi David

It is very simple it is taken from the date of the Contract.

Assume you see a property you want to buy, sign the contract on 1st January 2007 but settle at the end of March. You list the property for sale in December of that year.

The discount would only apply if the Contract was dated after 2nd January 2008. I would allow a few extra…[Read more]

Bren

Think someone is having a lend on you.

In a case like this any GST payable would be based on the margin scheme being 1/11 of the margin between the sale price and the purchase price. You would have claimed input credits along way.

In saying this GST is not always payable on a residential property unless of course this a business for you…[Read more]

Frank

I think you have totally misunderstood the responses you have received.

Whether you or the lender pays the LMI is neither here nor there it is as Terry mentions more important that the loan is actually insured and will effect your future borrowings.

Why would you not go to lender who does not insure the loan at all…[Read more]

Dale Gothram-Goss is one of the leading experts on HDT’s certainly in Victoria.

Not sure if he still taking on new clients but if you want a recommendation you could not go past my Accountant.

Let me know if you need a recommendation Julie.

Given yours and Daryl’s occupation a Trust might make sense as a way of protecting…[Read more]

Wayne

Happy to take the credit anyway.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
New 100% Shared Equity scheme coming soon – Email us for details.

Hi Pizang

Marc is accurate in assessment but every day new loan products get introduced to the market.

One of the latest is a shared equity product whereby clients can live in an house where probably loan repayments would be higher than they could afford yet the are only required to make payments on 75% of the purchase price.

There is no…[Read more]

Hi Nadiaz

No problems type your question and we can all answer it for you.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
New 100% Shared Equity scheme coming soon – Email us for details.

No Dave you would stay put with the same lender so that exit fees didnt apply.

Just remember it would depend on whether the valuer agreed with you that the property had gone up in value.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
New 100%…[Read more]

Frank

I assure you i have no need to promote my business.
I have slighly more than 40 properties as anyone who has read my posts over the last 8 years will know.

Do you wanna bet your loans are not mortgage insured ?

Why not tell us who the lender is and we can all benefit

Cheers

Richard Taylor
Residential & Commercial Finance…[Read more]

Hi CGG

Rather than rent to buy or similar why not try a shared equity scheme.

You repayments would stay the same but as you give up an element of the equity to a 3rd party you would be able to get into a more expensive property.

With Vendor financing you are going to end up paying an increased interest rate and loaded purchase price as they…[Read more]

Hi VMD

I guess you have 3 real options:

1) Sell your PPOR and rent and then use the left over cash surplus to invest in IP’s. Trouble is you will have rental payments to make and if you ever want to get back into the market prices will have gone up.

2) Retain the PPOR and look at refinancing using a shared equity scheme to release cash in your…[Read more]

Regretfully not chance unless you try an Italian Bank.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
New 100% Shared Equity scheme coming soon – Email us for details.

Thankfully we still live in a democracy so yes you do have a right.

All i say is dont cast everyone with your tainted brush until you get know them a little better.

Yes hopefully ASIC and other Government related bodies do read such forums.

Cheers

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

Hopefully this will your first and only post with comments like that.

Do you not think that members correspond with members off the forum or by email.

How do you think i knew Tammy’s name.

Does she mention it anywhere in any of the correspondance –
NO i think not.

Would it be that i am totally aware of her position financially and what she is…[Read more]

Just to quantify it is unlikely with the removal of the Super Fund Surcharge that your Trust will have any income as it will distribute this to the beneficiaries at the end of each year.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
New 100%…[Read more]

Baldy

Assuming you are the Trustee and beneficiary then both.

Unikely the DT is going to have much income though so it more likely down to you.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
New 100% Shared Equity scheme coming soon – Email…[Read more]

I hold the appropriate WA Credit License to assist WA clients – YES.

Might even have 1 or two happy ones on the forum here who can give me a wrap.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
New 100% Shared Equity scheme coming soon -…[Read more]

Hi V

Firstly congratulations on your decision to make the move north to sunny Qld. The area is god garden but keep that to yourself as otherwise the rest of Victoria will be up here.

If you sell the property you will realise the equity in the home and be able to use this as deposit on your new property. The problem being that the interest on the…[Read more]

Hi Wayne

Ok LOC maximum is normally 90% although i know of one lender that will go to 95%. Anything over 80% usually requires LMI which is of course Tax deductible if the funds are for investment / business.

All interest from the LOC is tax deductible if the funds are to be used for funding deposits for IP purchases on anything that is used to…[Read more]

Linda

Just amend the contract initial the change and post it back.
Once the Vendor signs the Contract and the Selling Agents has received the deposit, he dates and executes the document.

If buying Qld make sure that you do not terminate under the “Cooling Off” clause and check that your finance & building inspection clauses are realistic.

Many…[Read more]