Draconis – The interest savings using an offset account or a LOC are identical so there is no benefit in using one over the other.

The LOC was set up for Dianne for a reason and was appropriate at the time given other reasons which have not been posted.

Cheers

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

Hi there

I am assuming that the equity is still to be realised through either a valuation or a sale?

Without the actual figures it is difficult to assess but a lender will certainly take the property in Sydney and the one in WA as security and lend.

If you are wanting a lender to lend against unrealised equity then the answer is probably -…[Read more]

When you consider the average loan last around 4.5 years i think they are covered.

What guarantee are they providing to keep the rate at that margin and for how long.

Dependant on the size of the loan you would probably get upto 0.9% discount with a Pro Pack with the right lender and have minimal set up fee.

Cheers

Richard Taylor
Residential &…[Read more]

Same as Terry. When we started wrapping we thought the pin would be pulled on 20 deals or so.

You would be suprised when the equity position looks good and the lender sees a good stream of income coming in they bend the rules and keep the loans coming.

+ cash flow enabled us to reach at our peak as a Company 176 wraps which is down to around 111…[Read more]

Hi

I am assuming there must be more to the question than meets the eye.

I don’t know a lender that does not offer a 90% LVR so i am assuming that you mean on either lodoc, nodoc, LOC or something else.

If you want to post more information on what you are wanting i am sure that we can help you further.

Cheers

Richard Taylor
Residential &…[Read more]

Bloss

Must admit before i first went to MM that was my impression but i guess sales speak for themselves and in percentage terms it has been as good as a development area as i have found.

Just wish i could still buy property at the same price as i could a year ago.

Cheers

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

Hi there

I have over a dozen houses in Mt Morgan and Bouldercombe and they have doubled in the 12 months since i started buying up.

Last August i bought a house for $32,000 (yes no mistake) and have just sold it for $102,000 (Did absolutely nothing other than keep the tenant in the for the period we owned it).

Land prices are starting to also…[Read more]

A couple of reasons why the banks don’t lend to the same level on such apartments.

1) Rental Guarantee – most of these are given by $2 shelf companies and carry very little weight. If the Guarantor is unable to rent the property himself then there is little to stop them going in to bankrupcy and the Gurantee is a worthless piece of security.

2)…[Read more]

Tim

Any customer that is not a US legal resident or US citizen is considered a non-US person by the US Internal Revenue Service (IRS) and is required to complete a form W-8 certifying their country of tax residence.

The W-8 form must be updated every three years unless a customer has applied for a US Tax Payer ID from the IRS and has specified…[Read more]

Kim

You say that you managed to get a loan without holding an ABN for 2 years but correct me if i am wrong it was through Westpac?

This is not a case of the Bank accepting a lodoc deal on less than 2 years ABN but merely a matter that they don’t check.

You will not find a standard non securitised lender offer you 80% lodoc if you ABN is not > 2…[Read more]

Heh great 1st up post Jason very informative.

Cheers

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

Alistair is right a loan of upto 80% is available but the rate of interest would depend on many things inclusing the size of the loan and the location of the security.

If you are looking at a fixed rate then there are many attractive commercial fixed rate deals around at the moment.

Further information would be required to give a valued…[Read more]

You might find getting more than 80% LVR on a serviced apartment difficult.

Without more information it is hard to provide a proper recommendation.

Cheers

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

Hi Katie

Not trying to be nit picking but i think you might be confusing yourself.

What I am actually hoping to do is to buy my first home as an investment with my mum. So I will use the First home Buyers grant,

If you purchase the property jointly with your mother and she has aleady purchased a PPOR then you will not be entitled to receive the…[Read more]

Hi Katie

Affording the repayments is one thing but remember owning a home also has other comittments like maintainance, rates insurance ete etc.

Whilst you might feel you can pay the loan back you will also need to convince a lender on your income you can service the debt. Each lender has its own way of calculating serviceability and the amount…[Read more]

As GMH mentions It is illegal , but went on big time during the boom.

The penalties for the Trustees are severe and include crimal charges from the ATO so i don’t recommend it.

Cheers

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

Hi

It is not difficult. You make contributions into Super and then in turn (On the basis that you have established a SMSF) purchase property, shares etc.

Remember that you are unable to borrow in your Super name so gearing is almost impossible however an investment in an Instalment Warrant is acceptable which in turn involves an element of…[Read more]

Hi Albert

No a standard account that can be direct debited will be just fine.

Some lenders will reduce the LVR on the amount they will lend if payments cannot be debited from a Bank A/c but an HSBC A/c is fine.

As mentioned earlier just remember that you will not be able to obtain internet access for a minimum of 6 months with…[Read more]

Email me and i can give you some further details.

Can also offer you an Qld installment contract with all of the accpanying documentation for a reasonable price as we have done 1 or 2 of these before.

Cheers

Richard Taylor
Residential & Commercial Finance Broker
100% Finance on selected properties in the USA.
Email us to be added to our mailing…[Read more]

Cabo

Regretfully not.

currently own outright an investment property .

Cheers

Richard Taylor
Residential & Commercial Finance Broker
100% Finance on selected properties in the USA.
Email us to be added to our mailing list.
richard@yourstatefinance.com
Ph: 07-3720 1888