The normal structure we establish for our clients depending on the circumstances is:

1) Interest only home loan linked to a 100% offset account.
2) LOC against the PPOR to 80% LVR to be access solely for investment purposes i.e deposits and acquisition costs.
3) Interest only loan – stand alone against the security of the IP.
held in an HDT.

No…[Read more]

Wow that is alot of money especially when most mortgage brokers would do it for nothing.

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.

Scrub my last post as i didnt even get chance to finish writing so I will start again.

Hi karlm

As a far as I am aware the company which is run by Margaret Lomas operates on a franchise basis so the service and level of knowledge is as you would expect from any franchise – as good as the owners. From a check of the branch owners i dont believe…[Read more]

Hi karAs a far as I am aware the company which is run by Margaret Lomas operates on a franchise basis so the service and level of knowledge is as you would expect from any franchise – as good as the owners.

Cheers

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

Setting up the Trust is relatively easy subject to a a few consideration however transferring your existing Investment properties into the new trust will be a fairly expensive exercise.

Stamp wil be payable on the Transfer value and you may also trigger a GCT issue so think carefully.

Mayble talk to your Accountant and make sure that furture…[Read more]

Hi there

Yes Bacchus Marsh seems to be fine.

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.

CJ

Would be ditching your MB. Think Terry is you man and has explained it very well as usual.

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.

Craig

I can help you with your risk cover (life) in Brissie but not general unfortunately.

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.

Sorry for the delay in responding.

Interest rate for a lodoc 90 is around 8.20% variable.

If you want to give me a post code / suburb i can check out to see whether it is an acceptable area.

Cheers

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

Terry W is a life member and always on the forum so do a member search for Terry.

Simon is a moderator so again do a quick member search.

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…[Read more]

Kjs

No i think you are correct.

There are too many MB’s running around with a handfull of weeks or years knowledge who have no professional qualifications and whose previous occupation could be anything from an electrician to a petrol pump attendant (not that i have anything against either profession).

Most experienced MB’s have been calling…[Read more]

Terry W is in Sydney & Simon (Mortgage Hunter) is in Newcastle.

Me well im just in sunny old Qld.

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 there

Lodoc 90% is available with an ABN for 1 day but i have to say most lenders will have some sort of early repayment penalty if you are merely looking to buy it and then quickly sell it on.

I would need more information to be able to give you exact pricing and costs as most of these lodoc deals are strictly post code limited but nothing…[Read more]

I am sure all of the woman (some of whom I have heard of) are all adequately qualified but all i would say is that save your money ask a lot of questions and do your research and due diligence.

There is plenty of free information readily available.

I did the seminar circuit around 8 years ago as a finance and loan structure speaker for a major…[Read more]

Hi Briscon

The recomendation is not for everyone however is 2 fold in its execution:

1) An interest only loan with an offset account involves a lower monthly repayment. When serviceability is tight and a client is looking to increase their wealth through further IP acquisitions the difference in repayment can make a difference in the amount you…[Read more]

Gus

This would include the council contributions of about $20k per block. I assume that council contributions would be borrowed using the construction loan product also?

A) Yes dependant on timing might need to be paid by you initially ans then be reimbursed.

The Bank should have valued the property with the DA in place however will need a copy…[Read more]

Scruff

Switching the loan to interest only will not stop you investing in further IP’s and in fact will probably assist in your serviceability model.

Another important consideration is if you ever decide to move and want to retain your current PPOR as a IP. The Tax deductible interest is lost and whilst action can be taken to reverse this is a…[Read more]

There is no right answer as thankfully property investing is not an exact science.

The situation to a certain extent is dependant on your own personal circumstances and your current assets and liabilities.

The property is 11 years old and therefore a Depreciation Schedule to incorporate the Building Write off is an important tool in Tax…[Read more]

Scruff

Your assumptions are correct as has been pointed out already however trust me there is a difference between making payments weekly or fortnightly. (small as it may be)

Believe it or not there are still one or two lenders who still calculate interest on quarterly rests but thankfully they are few and far between.

I guess one immediate…[Read more]

Depends on who is running.

Is it a Dympha special?

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.