Hi Ronald

Yes all that is possible.
Just need her to return the documentation requested in my email.

Cheers

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

Yes there is dependant in which State the property is.

Cheers

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

PIS = Professional Investment Services are the largest group of planners in the Country.

Check out the yellow pages and chat to a couple over the phone.

I often receive calls from new clients asking do i recommend property. If you mention this is an area you wish to invest in when the FP is completing a full fact find that are of investment…[Read more]

Hi Ronald

I have emailed your friend with the details so hopefully we can assist her.

Cheers

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

Hi there

The simple answer is YES.

Whilst lenders do take 2nd mortgages i am unaware of any that will take a 2nd mortgage durting construction.

Cheers

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

Must admit Luke we hear this every day of the week from clients.

As a consequence if we are unable to deal with the US Lender direct we do not take the deal on board.

In most cases this is not a problem and our closing rate is extremely high. There are course areas of the US which we will not take application from due to the problem with low…[Read more]

Financing such arrangement would be exactly the same as if you were building an investment property that you in turn would lease out.

Finance would be arranged on the land and then stage payments on the ongoing construction. Interest charged only on the amount outstanding thus increasing with each draw down.

One option would be to ask the…[Read more]

Terry maybe right but i think you would struggle to even find a private investor would want to take the risk on what effectively is an unsecured loan.

No normal lender will advance you anything whilst the property is in the existing owners name.

If you are worried about the permits not coming through then make the purchase from the existing…[Read more]

Simon is of course right that > 50 SqM is easier to finance but i think as long as it is > 40 SqM then you should have any problem.

Much less than than this you will either be required to put in a larger deposit or alternatively pay a higher rate of interest.

Cheers

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

Marcus

Which State is the property in?

I assume you hold the appropriate Licenses for that State.

Cheers

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

Hi there

Think I might have given you Steve H (who is my business partner) and Ownit at Beenleigh.

Word of caution the legal secretary at Ownit left last week and the place has gone to put. She has gone to CSM Conveyancing at Beenleigh (Leonnie Dixon) and can be contacted on 3807 2233.

Tell her or Steve i referred you and you will get past…[Read more]

Hi Kattan

Sure you can arrange the finance but you would be able to offer the security of the land and project unless you actually settle on the purchase as it will be in the name of the current regisetred owners.

If you have additional security or equity elsewhere that is sufficient then Yes no problems.

Unless funding is an issue why would…[Read more]

I agree with John.

In this age of modern technology where applications can be lodged electonically sitting down face to face with your Broker can be a thing of the past.

I have many clients here on the forum i have never met but would like to think that i have served their needs and they know where i am if they need anything.

Make sure that…[Read more]

Hi Ronald.

We do a few of these so now the problem.

2 main questions:

1) How much is she looking for ?
2) Where is the property located.

If you would prefer to take her personal information offline that is fine by me.

Cheers

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

Cabo

SD cannot be avoided but it is not JH but the respective State Govts that collect the duty.

Cheers

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

Darren

With the income you are on be sure that your broker not only structures the loan correctly to maximise your interest savings but also makes suggestion on how to purchase the new IP.

You really should be looking at knocking down that debt as quickly as possible and there are several ways to do this on your income.

Cheers

Richard…[Read more]

I dont think you have thought about the consequences of your post.

Without going into great depth:

1) Where they are related parties or the OSR believes that it is not an arms length sale then the Stamp Duty is based on the valuation.

2) Why would you sell a unit to a Company for less than it was worth. Ok sure you could personally claim a…[Read more]

Stamp Duty charged on the Contract Price is added to the cost base for CGT purposes and is not deductible over the term of the loan.

Cheers

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

Paul

Wrapping is the process of purchasing a property and then onselling it to someone else at a higher price and interest rate but my accepting repayment of the purchase price by way of a series of installments (often 300 – 25 year loan) on which an interest rate is charged.

EG.
You buy a house for $100K and borrow $80K from your Bank and get…[Read more]

Gerry never learns does he !!!1

Cheers

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