Hi Julie

Duly emailed.

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 Daryl / Julie (Thats a lot better)

Couple of things to clarify:

1) No lender (sorry there is one but you would use them for this) will advance purchase price + costs (circa 106%) without additional security so thats where it is important to structure correctly.

2) Yes any Bank will tell you down the track they will release your security for…[Read more]

If you are dropping back to 2 units you should be able to go to 80% LVR quiet easily and the rates will be a lot lower.

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 JFisher (Sorry i dont know you real name)

I think that is a niave attitude and not entirely legally correct.

Yes i would advocate borrowing the entire loan amount plus costs but the important factor is the way the loan is structured.

Imagin you have your own home and 4 IPS and through everything in together and then wish to sell your home…[Read more]

Hi both

The point you have raised is a very good question.

A Bank will give you an perspective on what they can offer in the way of product with little or no regards as to loan structure, type or any other financial plan or risk analysis.

This is usually because they lack knowledge of such areas and are more interested in securing the loan to…[Read more]

As Terry said the high costs of holding the Asset is one thing but also you are unable to claim the interest as a deduction unless you have an intention to build and generate an income from the property.

Unless you develop the land you would need considerable capital growth to make this strategy worthwhile.

Funny isnt it that some Financial…[Read more]

Yes i have used them in Qld on numerous deals and with great effect everything from a $400,000 property to a development for over $5 M.

No real tricks to writing up a Call Option especially in the Sunshine State where there is no Stamp Duty charge don the Option Premium unlike in other States where this comes into effect.

Hardest battle in…[Read more]

Must admit i dont see a lot of my clients as referalls come from everywhere and with the electronic age deals can be put together by email.

I come upto the Sunshine Coast every 2 weeks as i have many Coast clients and I like to go to the beach so would be happy to assist.

Cheers

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

For a top Accountant who is excellent in property try Steve Hodgkinson who is a partner at Gold Business Group on the Gold Coast.

Steve can be contacted on 5532 2855.

Tell him i referred you otherwise you will not get past the receptionist as most good property Accountants are not taking on new clients.

Cheers

Richard Taylor
Residential &…[Read more]

Easiest way is to talk to a local Town Planner or the City Council as each Council has different requirements on what you can do and what it will cost.

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…[Read more]

Easiest way is to talk to a local Town Planner or the City Council as each Council has different requirements on what you can do and what it will cost.

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…[Read more]

Yes certainly with most lenders you are able to renegotiate the term or the payments.

Switch from P & I to Int only or even have a payment holiday.

Depending on with whom the loan is with will determine whether there is a charge for doing so.

Cheers

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

I think Karm is referring to the Trust Deed required to establish a SMSF when he refers to Trusts and Super in the same sentence.

Also i think you will find the prime reason people invest money into Superanuation is to provide an income in their retirement rather than just for a quick tax reduction.

Although i have come across Financial Planners…[Read more]

I think with that additional information you will find that your options are wider than you may have first believed.

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.

On the limited information I do not believe that serviceability is an issue at all what is probably more important in your position is to ensure that the loans are correctly structured given that you are on the highest marginal tax rate.

It may be too late to do much about the existing IP although in saying that with some careful planning might…[Read more]

To be honest NAB are probably one of the worst lenders when it comes to exceeding LVR’s on Commercial deals especially development deals with no pre-sales.

They will not lend against GR and are very picky on the clients serviceability and experience levels.

Definately a No Go area if the deal is tight.

Cheers

Richard Taylor
Residential &…[Read more]

Hi Johnny

I have sent you a reply email which i hope you have received.
Come back to me and we can get things moving.

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.

Be happy to recommend you to a good Convenyancer / Solicitor in Brissie if you are after someone.

Have used them for 12 years and have done many a transaction through them. If you deal with right person you can get a premier service without having to pay a fortune.

Cheers

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

What a load of rubbish

Sorry BE i get so annoyed when uneducated mortgage managers try and steer clients into unsuitable products for them.

If you have a Line of credit with a limit of $100K and have only drawn down $92,000 on the basis that the entire loan is for business / investment purposes the interest charged becomes fully deductible.

If…[Read more]

Arvee

Why not send Chad Simmons a PM or an email as he is a regular contributor to the forum and very active in the Texas market.

I know many of my clients who i have referred to him have been extremely happy with their Texas acquisitions.

Cheers

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