It is a an offence to provide financial advise unless you are a licenced financial planner so i don’t believe you will get many responses.

In saying that even as a FP I would be reticent to offer her any suggestions without completing a Full Client Data Fact Find.

Where is she based?

Cheers

Richard Taylor
Residential & Commercial Finance…[Read more]

This might help

http://travismorien.com/FAQ/ripoffs.htm

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

Might want to try a US website for starters.

Not sure how many buyers here are eager to move to NJ.

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

Grant

There are ways around the CGT issues but not the SD i’m afraid.

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

Ben

Just wondered how many other Banks you were aware of that have a presence in both US and Aus ?

Neither Citibank or HSBC offer immediate internet banking.

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:…[Read more]

Hi there

It is a question that crops up from time to time so maybe do a search and read the previous responses.

I have done if for clients on many ocassions (normally it is a principal place of residence which in turn they rent out and buy another PPOR with 100% non tax deductible borrowing) in Qld and the process is as follows:

1) Obtain a…[Read more]

Hi Jason

Not really enough information to provide you with an accurate answer.

1) What is the loan balance and approx value of the IP’s.
2) Are they or will they be mortgage insured.
3) Who is the current lender and do they have any break out fees even on their variable rate loan.
4) Employment wise have you returned to the same employer or the…[Read more]

Hi Phil

Opening a US Bank A/c when you are in the States is no problem.
You will have you Passport and that is one of the forms of ID they will require.

Make sure you use an institution that gives you immediate Internet access so you can access the funds and also transfer the monies to the US A/c when you are back in Oz.

Someone like Bank…[Read more]

With one of the 95% lodoc loans you only need to have had an ABN for 1 day but have been self employed for 2 years.

The rate is 8.99% variable at the moment.

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:…[Read more]

Josh

WBC don’t do Nodoc loans and i think that’s what Terry was after.

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

We use them all the time when buying a development site as it gives you the option of deciding which entity to be able to buy the property in and also can easily be flipped if you decide not to proceed.

In Qld there is no stamp duty on an option contract so it makes flipping easier.

Cheers

Richard Taylor
Residential & Commercial Finance…[Read more]

Liz

Not sure where you heard that but you have been ill informed.

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

Subject to serviceability and all of the parties agreeing and signing the application then there is no reason why you can access your equity with a LOC.

Usually the LVR limit would be 80% without LMI or 90% if you are happy to pay the premium.

Cheers

Richard Taylor
Residential & Commercial Finance Broker
100% Finance on selected properties in…[Read more]

If you are thinking of doing it in Qld yu will need to check the State legislation.

Try the Office of Fair Trading website.

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

I have done this on many ocassions and retained a property in my own name or Family Trust name that my Pty Ltd Company has developed.

The only requirement is that the property is purchased at cost price + $1. As is mentioned you don’t avoid the stamp duty and will merely defer the tax liability if it is an IP.

Cheers

Richard…[Read more]

Yu can do a lot better than ING check out http://www.cannex.com.au
No really disadvantage other than you do everything over the internet and sometime may have to give a period of notice on your funds and they might be tied up for a period of time.

Of course if you have a mortgage you can park them in a 100% offset account and get the same rate as you…[Read more]

If we knew who the lender was it would be a lot easier but it is probably Loan Equalisation Fee.

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

Hi Nathan

Pre 2000 wraps were taxed on the basis that the final installment price had been received on the date of possession when in fact it could have been a further 25 years until the final repayment was made.

Thankfully the ATO saw sense and now the tax is payable using the emerging profit rule.

Cheers

Richard Taylor
Residential &…[Read more]

They seem to be charging an arm and a leg for something most mortgage brokers set up for you for nothing.

Big deal they manage it for the next 3 years to tell you you are spending too much. If you don’t have your own discipline then having someone tell you this will do nothing.

I have to say in 4.5 hours i could show you long hand how to save…[Read more]

Like anything at the moment Vendor Finance is negotiable.

If you put 20 offers in a week and 1 Vendor is keen to sell then they might accept the terms and conditions you offer.

We are finding there are more and more development opportunities arising each day as vendors suffer with overburdened debt and increasing interest rates and the number of…[Read more]