Hi Daz

Firstly to the forum and don’t be scared as i promise we do not bite.

The question as to whether you need to talk to a Financial Adviser or your young Accountant i guess all depends on what information you are trying to obtain.

With regards to the Big C i would strongly think very carefully before proceeding with any loan that they…[Read more]

Hi dan

I am not aware of one but that means nothing.

We are trying to organise one on the Northside of Brissie here so will let you know if that comes off.

Feel free to post any questions in the meantime and we can all through in some imput.

Good luck in your investing.

Cheers

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

All previous posts have contributed to your decision making process but you also need to think of a couple of other things:

1) It is your intension to buy and hold or buy and sell these properties as the entity you will use to do so is important.

There is no point in setting up a Company structure and then finding that you keep the property for…[Read more]

I cant admit to knowing any local Building Inspectors but if you need an excellent competitively priced Solicitor then you cannot go past Leonnie Dixon at CSM at Beenleigh.

She can be contacted on 07-3807 2233.

I have no association other than she has acted for me 13 years and I now any of my clients i have referred to her have ever had a…[Read more]

Anthony ok that makes sense.

CBA wont do 14 sq M as a stand a lone deal but maybe if you have equity else where.

Linda, Waterford is another up and coming area especially with the river view dont think you can go too far wrong with that as secure investment.

Cheers

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

Rob i now Jesmond well and think that sounds like a good investment.

As you say longer term you should get both capital growth and some nice cash flow. As they are onyl 4 units you should get 80% LVR on that at residential rates even a good fixed rate thinking about it should make it almost C/F neutral.

Also i must admit i do not know 1 lender…[Read more]

Cyberman

Hate to be the bearer of bad news but considering the Reserve Bank Cash rate is 6.25% you will have absolutely NO chance.

Depends on what you are after variable / fixed rate , LVR, monthly / annual fees / full doc or lodoc, loan size etc etc.

Remember the lowest interest rate is not necessarily the best loan. There are many other…[Read more]

Hi Julie

Thanks for the reference. I havent got your deal through yet but i still love ya.

If you are after the best property accountant in SE Qld try Steve Hodgkinson at the Gold Bus Group on 5532 2855. Tell him i sent you so you can get past the receiptionist as most good Accountants are not taking on new clients.

Steve has been my accountant…[Read more]

Genie

With a lot of the new shared equity loan products coming to the market over the next few months the lenders are targeting the young individual looking to get into their cheaper first home.

1 bedroom units do and always will do fit that mould. With the divorce rate climbing people want their space without the cost that goes with a larger…[Read more]

MC

As long as they are not a studio unit i think they are absolute winner. I own a block of 1 bedders in Brissie and the rental returns have been excellent.

Always are the easiest to rent as many people are now staying single longer and dont want to end up taking a flat mate to subsidise the rent.

Just be careful on the post code location to…[Read more]

Bill

All i can assume is that your Bank Manager and associates are not development minded.

Gross Realisation lending is standard in the Development market and most institutions take this as the figure which they lend against.

Cheers

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

What are they Financial planner / mortgage brokers want to tell us more ?

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
Looking for life cover – We Guarantee to beat any quote you have in writing.

Hi Kevin

Difficult to provide a defined answer as everyones circumstances are different. Trust come in vary guises each having a particular place in the market

If you are looking for Asset protection and also want to be able to claim the negaitve gearing benefits then a HDT is worth considering.

However before you start you probably need to…[Read more]

Hi lisa

Firstly your friend was pulling your leg as you are unable to roll over your CGT into Super. You are however under certain provisions able to sell your going concern business and roll over the funds into your Superanuation. To complex to outline here.

Before you put your property on the market there are many considerations to make:

1)…[Read more]

Hi N Brown

Based in Brissie but have a few clients in Toowoomba and be happy to assist.

Mind you i guess it is upto my clients to say whether i am a good MB – lol.

References please.

Cheers

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

Hi Srini

If you live in a PPOR and then decide to buy another one and rent this one out you may use it as security however are unable to claim the interest as a Tax deduction due to the purpose of the funds being no qualifying.

One way around this is to consider selling your PPOR to an HDT and borrowing the full amount of the valuation.

Assume…[Read more]

As you are in Qld why not ring Steve Hodgkinson he is a Trust specialist based on the Gold Coast.

His number is 5532 2855.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
Looking for life cover – We Guarantee to beat any quote you have in writing.

As Amanda has mentioned sometimes equity can be your best friend.

Having just started a new business should not be a detriment to pursuing your goal of wealth creation.

Structured correctly with a Nodoc style loan you may find that you can free up some equity to invest in either your own business to increase cash flow or to invest in a +cash…[Read more]

Hi Jenny

With most lodoc lenders they will charge an early repayment fee or similar in order to recover some of their lost interest. This is on a sliding scale dependant on how quicly you sell the property.

In saying this most full doc lenders have no wised up to clients buying, renovating and re-selling and charge early penalties on their…[Read more]

Also structured correctly you can get the best of both worlds.

Utilise a 100% offset account you will get an interest reduction each month on your savings as well as greater cash flow.

Cheers

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