Nats – Can you give us more information on the figures and we might be able to assist you through the Dragon.

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.

vyaw – Regretfully both CGT (Assuming you sell the property to the Trust at a profit) and stamp duty will be payable.

Maybe for IP3.

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…[Read more]

Call me synical but me thinks we have a couple of US forumites working in tandem.

If you are that keen on Charrissa Cawley please have alook at her website http://www.reiconferences.com although in saying that you would already know this.

Cheers

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

Must admit with the N Bank we never have a problem however having said that many clients have said as Terry mentioned it is policy to ensure that the clients cannot leave them.

As they don’t pay brokers trail commission many use other options but it is like anything in this world there is good and bad. My experience from our own Branch Manager…[Read more]

If you are buying a property in a Discretionary Trust then you would purchase the property in Mr & Mrs J Smith ATF for the Smith Family Trust. The loan would be in the name of the Trustees Mr & Mrs Smith.

However in saying this are you sure you will be buying in a DT ?

If you were purchasing in an HDT then the property would be in the name of…[Read more]

Paul

Yes your interpretation is correct.

Normally they would both be interest only loans.

If structured correctly then you would not have an increase in fees and charges depending on the lender with whom the loan is placed.

Someone like CBA would probably charge you at every turn and then still X colaratilise the loans but as Terry mentioned…[Read more]

OMG i has spoken to him a couple of times as he only lived less than 20 minutes from me.

What a waste of a life at such a young age.

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…[Read more]

Barbara

Yes good money if you can get it.

As both Terry and I have stated there are reasons why you would use a LOC but certainly not where you intend to use for a n IP and have your salary and rent paid directly into as it imediately negattes the Tax deduction you would get on the interest.

There are many lenders that are doing deals at the…[Read more]

Simon

You make a very good point but it is suprising how many clients still think that a low interest rate is the main think to look for when choosing a loan product.

I have to be honest whilst i would not touch them with a barge pole i can name another half dozen institutions in the same position – low rate but offer absolutely nothing in…[Read more]

Sorry don’t want to be picky but:

1) Yes you will find a lender finance a 39 Sq M unit albeit a a lower LVR and maybe higher rate but can certainly be financed.

Cheers

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

Jambv

HDT = Hybrid Discretionary Trust

Assume that you purchase a property for $100,000 and need to borrow say $110,000 inclusive of costs you would probably offer your existing security to the bank and they would lend you the entire funds taking both properties as security.

In effect they cross the securities meaning that one property is…[Read more]

Hi there

Ah with CBA oh well good luck firstly because they are notorious at this and don’t seem to listen. they promise the world and then years later try and deny they said that.

With a normal lender it is all about how the loan is structured. Ensure that one property is not used to support the loan on another and then keep within the LVR…[Read more]

Hi Jambv

Good for you to take the initive and do your through due diligence.

Both are expaning areas of Brisbane and as you are probably aware the non cash deduction items such as Building write off and Depreciation can make a big difference.

In saying this make sure that you structure your new IP loans correctly and that the entity you end up…[Read more]

Hi Hera

It is funny often i hear that clients went to see their mortgage broker and because they were self employed or buying in a Company or Trust name the easy answer is go lodoc or nodoc.

This is usually becuase the MB has little or no experience in Trust Structuring or interpreting self employed accounts.

Most lodoc / nodoc loans are…[Read more]

Let us try and simplify it for all.

Assume as a developer you purchase a property which you demolish and the land ends up costing $400,000 on which you intend to construct 4 Townhouses. Cost base for each block would be $100,000

These Townhouses cost $100,000 to build and their is a further $50,000 in other expenses of which $30,000 have GST…[Read more]

Don’t you love this virgin posters.

Funnt how they appear on all of the forums at the same time.
Must be sale month.

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.

105% is available for an investment property loan however the interest rate is slightly higher.

Lodoc is certainly available for both PAYG and Self employed but would usually be used as a last option. Where possible try and always go with a fully verified loan until you can no longer satisfy the lenders requirements.

Then either dependant on…[Read more]

Yes certainly using equity in another property and borrowing 100% + costs would be better than using you own cash which can be used to better effect.

In saying this ensure that you structure your loans correctly to avoid your lender X collaraterilsing the loans as this could certainly slow you down from moving forward in the…[Read more]

Hybrid Trust

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.

Anything is possible but you would need to be quick.

LMI can be capitalised and they charge a slightly higher interest rate or you can pay it.

Email me if you want me to look at anything for you and I will give you a list of what you would need to produce.

Cheers

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