Michael is a good guy and has acted for a lot of my clients.

In factthinking that he owes me a beer next time i am in town.

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.

Yes it can be but may incur stamp duty in the particular State.

You maybe better off considering transferring ownership to your Trust if you ae looking at renting the property out and then paying the duty and maximising your new borrowings.

Cheers

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

Yes it is a common form of financing and as long as the vendor can register a 2nd mortgage then you should have no problems.

Main stumbling block is getting the Vendor to agree to the terms in the first place.

Cheers

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

Martin

Yes 90% is obtainable on vacant land with a view to constructing a dwelling up however would need to know the zoning of the land and the Post Code.

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]

Ross dont want to correct but there are a few things in your post which are actually incorrect:

Super fund tax is a flat 15% – In the case of CGT where an asset has been held for 366 days the Tax is reduced to 2/3rd of the prevailing rate i.e 10%.

Preservation age is currently 55 but this is set to progressively increase for people born after…[Read more]

Guess it all depends on where it is located.

I paid 3% for selling a couple of units i bought in Benalla, Vic and was very happy at that.

How many other agents in the area and what will you get for your dollars i would be asking.

Cheers

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

As Simon mentioned a Nodoc / lodoc loan dependant on your financials could be the way to go.

Many lenders that offer such product will restrict their lending dependant on certain postcodes.

Without more ifnormation as to where the location of the property is and other factors relating to your income it is difficult to quote an interest rate or…[Read more]

Hi nenea

Many lenders restrict themselves to 90% on an IP however other lenders will go to 95% and capitalise the LMI.

It is is unlikely you will get your existing lender to change their policy so i would suggest you look at changing lenders.

Dependant on your circumstances it could be better to maximise yout borrowing against the…[Read more]

K

There are many lenders who will lend over 80% LVR on properties with an internal square meterage of over 35 but in saying this it depends on many other factors.

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]

Hi Jennifer

Yes that should be doable as long as the Vendor releases his first mortgage when you make application for your new Bank loan.

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]

Rav

Probably get max of 70% LVR on a Taxi License.

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 Brian

Firstly welcome to the forum.

+ CF properties can come in many guises:

1) A buy and hold property where the rent is equivilant to the loan repayments (getting more unlikely by the day in this market).
2) A wrap where you buy and then onsale at a higher price and interest rate. The loan installments you receive are higher than the…[Read more]

Jenny

You would normally do it the other way around.

The Bank would take the first mortgage as this will be a longer term debt and the vendor would take a secured 2nd mortgage.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner.
Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au

Gio

I certainly am not getting any kickback whatsover from any referal.

Presumably on the 22A Form the Selling Agent got you to sign it disclosed the kickback or other commission payment they could have received. If not i would have referred the matter to the Qld Law Society and the REIQ.

Cheers

Richard Taylor
Residential & Commercial Finance…[Read more]

Hi there

No they do not have a website.

Yes Leonnie has acted for me in over 400 purchase / sales.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner.
Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au

I would recommend Leonnie Dixon from CSM in Beenleigh.

Leonnie has acted for me in over 400 property transaction in the mast 12 years and is the best in the business.

Timely and prompt service are her trade marks and all this comes at a competitive price. She has certainly helped many of my clients also and we have never had a complaint.

She…[Read more]

Hi there

You have 2 real options:

1) To utilise the security of property 1 and borrow against the equity to funds the next IP. Dependant on values and amounts required then you may incur LMI on the total loan.

Alternative is to draw out some of the equity and use this as deposit and have the 2nd IP standalone. Even if LMi is incurred then it…[Read more]

Red

No you will require either a License to Occupy / Lease Option contract. The legislation will vary from State to State and you will need to find a Solicor au fait in preparing such a document.

Is going to cost a bit more than the average conveyance so make sure they are committed first.

Cheers

Richard Taylor
Residential & Commercial…[Read more]

Jessica

Can certainly recommend a Soliciotor but firstly tell me what services you require.

Do you need a Solicitor to purchase another property or for some other matter. An is the CBD a must?

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner.
Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au

Certainly is a breach of the Motor Dealers and Property Agents Act in Qld without being licensed.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner.
Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au