Hi there

Funny you should post your questions i ahve just come off the phone from a client in Singapore asking the same question.

It all boils down to the LMI and GE (the Country’s largest) have just withdrawn from the market which makes it hard.

90% is achievable so feel free to drop me an email and i can give you some more…[Read more]

devo

No disrespect but Mortage Choice are like a big sausage factory with all of their branches franchised so it wold not be difficult to beat what the have quoted.

Secondly a 2 year interest only period is nothing on our PPOR and needs to be alot longer than that. What do they do ater 24 months soncert you to P & I – riduculous. Both loans…[Read more]

Hi Sharon

I know i have acted for many expats on the forum so they are out there.

Hopefully we can get a few of them to show themselves.

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]

Wow shaun just stop right there.

Whatever you do not take out a LOC against the property because you certainly wont be able to not be able to claim the interest as a tax deduction.

Sure you may be able to utilise the equity but i think you are just digger a bigger hole for youself.

Without more information it is hard to give a precise answer…[Read more]

I am sure Peter is a jolly good chap but as this referal was made on this forum i am a believer in recommending someone who contributes no end to this forum.

Terry W is a Life Member with over 5000 posts and spends a lot of time providing valuable and free advice.

Cheers

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

Hi Devo

Firstly good on you to take the step and plan for you wealth creation future.

I will not comment on the property itself as i am unaware of the area and what it is doing and am sure there are other forumites who can offer a better view to Nowra than a Qlder could.

What i would say however is make sure that you structure you loan and the…[Read more]

Hi Agave

Yes your are able to change the Trustee of the Trust (Subject to the rules of the Trust with a minute) from a personal trustee to a corporate trustee.

Regretfully in Qld even if you transfer the property to your partner under the “Love and Affection” Terms you still incur the relevant stamp duty and also dependant on the property this…[Read more]

Hi Betto

Firstly sorry to hear about your split up and hope all works well for you in the future. I have not and hopefully will not ever be in your position so i am not writing with experience in relation to starting again.

All i would say is if you sell the property then you will incur selling costs and presumably buying costs when you purchase…[Read more]

Hi Grant

Wow 2350 cover a big area

boorolong, dumaresq, argyle, hillgrove, bindawalla, donald creek, duval, jeogla, bundewallah, acacia park, ben venue, castle doyle, invergowrie, bona vista, kellys plains, aberfoyle, st patricks, west armidale, east armidale, exmouth, yooroonah, abington, dangarsleigh, enmore, metz, armidale dc, north hill,…[Read more]

Grant

Depends on a couple of things:

1) The post code of the regional town.
2) Zoning of the security presumably residential or rural residential.
3) Whether the loan would be lodoc / full doc.
4) Total purchase price.

If all these are ok then you may get 95%.

Cheers

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

Don’t want to appear picky but an insurance broker is unable to provide you with a life, income protection or any other risk related quotation unless he is licensed.

Only a Financial Planner can give you a quotation for the above.

If you know exactly what you are seeking and are after a comparible quotation we would be happy to provide you with…[Read more]

Nathan

License to Occupy.

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.

I disagree with a couple of the previous posts.

As a multi unit dwelling the LVR will be totally different and whilst a 95% LVR would be achieveable with a post code of 4730 3 of the big 5 banks would not lend more than 80% if the units are one 1 title.

The remaining 2 majors will only accept 70% of the rent so serviceability is an obvious…[Read more]

If thats the case try Terry W from the forum he is Sydney based and excellent.

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 Kathleen

Welcome to the forum and good luck to you in your voyage into property investing.

This day and age many deals are done by email and over the phone so actually meeting up with your MB is not a necessity.

I have numerous clients both intra state and also overseas who I act for and most of them i have never met up with.

There are many…[Read more]

Russ

Yes it is but will trigger a stamp duty and possible CGT issue so depending on the indivudal property may not be worth it.

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…[Read more]

Hi russell

There are four possible ways to own investments:
• one name
• joint names
• company
• trust

The first two are problematic for a couple of reasons. They provide no asset protection and no flexibility. As time goes by and your circumstances change, we will rely on that flexibility to ensure that you are always in a strong positi…[Read more]

I assure you all this poster may have the same name but his comments are his own and certainly do not reflect anything i believe or feel.

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]

Angela

It is unlikely you would run a business as a HDT but more likely to a DT with you both as personal Trustees.

This combines a simple asset protection structure as well as an opportunity to distribtute income to your children and other beneficiaries come June 30.

However when purchasing property assets you would mroe likely use an HDT.…[Read more]

Gus

Not exactly sure what the question is but am assuming it is whether you could obtain development finance on this scenario.

As we dont have any actual figures it is difficult to give an exact answer but if you work on rule of thumb being that the lender will go upto 70/75% of Gross Realisation then you will not be too far away.

Not sure i…[Read more]