Hi

Just to let to echo marc’s sentiments in saying well done to get this far and i hope the next part of the jounery is just as much fun for you.

With the advent of the nodoc loan you are able to borrow upto 85% of the purchase price / valuation in certain post codes without any evidence of income / expenditure, assets or liabilities and…[Read more]

You Gross profit margins look a little skinny for my liking but Yes 80% of end valuation is still available with No proe-sales.

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…[Read more]

I think it all depends on the LVR you are after.

Remember being PAYG you can still qualify for a lodoc loan and not require any ABN.

As Terry mentioned you may well find that if you partners income is high enough you will not need to worry about yours although in saying that i still believe that you would be able to obtain a loan on your temp…[Read more]

Nathan

Depending on the number of investors and the size of the amounts you are looking to raise it could be a very expensive exercise.

Check out the full terms of the Managed Investment Act and you sill see the rules and regulations on whether you can offer a Memorandum to Invest or require a full Prospectus.

Cheers

Richard Taylor
Residential…[Read more]

This is available by a few lenders for both owner occupation and investment.

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.

Wayne

Which part of the Country are you in ?

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.

This could be done one of 3 ways:

1) You do nothing but offer her support and she obtains a 100 / 105 % loan for her first property.

2) You lend her 5% and thats it and she applies for the loan in her name and your interest is limited to the amount of the 5%. She is the one on the title and the loan application.

3) You look to guarantee an…[Read more]

CGT is calculated on the Contract dates and not the settlement date so waiting a day or two maybe worthwhile dependant on your circumstances.

If you need to delay the execution it might be worth offering the potential buyers with some form of incentive to hold on in there.

Remember that a contract is only binding and dated when you the vendor…[Read more]

I have a commercial Real Estate agent here in Brissie who asked me to help him put a package together exactly as been outlined.

The small units where for sale by the developer for $200K each and many of these small businesses could find may 10-15% deposit but not 30% and many had only been trading for 18 months and would not qualify for a…[Read more]

The idea is not a bad one and I guess if it gets you into the property you want then it is a workable strategy.

You could probably do a little better on interest rate on the reverse mortage but as long as your mother is happy with the situation then that is fine. Make sure that you keep the loan for repayment of the business debt and the balance…[Read more]

jambv

Sanjiv has made some good points already.

On the financing front to be honest dependant on the terms of the managing agreement you might be lucky to finance the property full stop let alone get anywhere near 70% LVR.

Cheers

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

dragon

One thing you should do before you do anything else is decide what sort of structure you are going to use to purchase the property i.e personal name, Pty Ltd or Trust Structure and this will obviously depends a lot on your own circumstances and plans for the property.

Secondly you should ensure that you make sure the loan is structured…[Read more]

As the previous 2 posts mention you cannot compare like with like as they are 2 totally different beasts and both perform different functions.

If in doubt go and get an alternative opinion or point of view.

Cheers

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

If it is in BCC then do a quick drainage search and that will give you a fair idea.

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.

Nat

i cannot see why SGB wouldnt take the end value.

I have done many a deal with the dragon that basis. Jist threaten them you will go elsewhere.

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…[Read more]

Yes it does make sense but in saying that i am more of an interest only man with offset than a P & I loan.

Just remember once you have paid it off you are unable to get it back again and claim the tax deduction. If you leave it in the offset account you can always get it back.

Cheers

Richard Taylor
Residential & Commercial Finance…[Read more]

Hi SOTF

i will not make comment on your existing structure but merely ask the question you posted.

The easiest way is to finance the loan through a standard construction loan secured against the land whereby the lender will advance payments in stages as and when the building progresses.

According to your figures the land is worth $140,000 and…[Read more]

Daryl

2 ways to get around the LMI:

1) The Guarantor who i assume would be a parent or similar to borrow and lend you the 20% deposit and you apply for the loan on a standalone basis.

2) A family Guarantee style loan whereby the lender secures the 20% deposit against the Guarantors security (normally first mortgage is required) and their…[Read more]

Must admit i wouldnt be sitting here today with my feet up if it wasnt for wrapping.

I think if dont correctly and in the right numbers it can very very profitable.

It is like anything it is not an overnight guarantee to instant millions. It look us 9 years to develop our business and many many hours of hard work.

All in all i think it was the…[Read more]

Depending on who the Guarantor was.

Reason i say this i have just done a deal with one of the Big 4 where the girlfriends income although disability pension was taken (And certainly could never show serviceability on her own) although her boyfriend was a Gurantor and not on either the loan or title (other than in his capacity of…[Read more]