Loan costs are deductible over a period of 5 years or the term of the loan whichever is the shorter.

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

Most Accountants have a Financial Planner in their office or they refer their business to a local Planner for a split of the commission.

I have 3 separate firms in Brisbane who refer me FP business and have never come across a problem with any conflict of interest.

If you need a good Property based A/c and would look at a firm on the Gold Coast…[Read more]

Wow looks so much like your first post.

Do they lend in Qld or just Connecticut. ?

Grow up mate and look before you post.

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

The process is not particularly difficult and the requirements will vary from Council to Council.

I would be talking to a local Town Planner who can walk you through the steps and costs involved. Once this information is to hand you can work our the viability fo the project.

Cheers

Richard Taylor
Residential & Commercial Finance Broker
100%…[Read more]

Hi Sally

I dont think Terry is saying it is illegal i think he means it will have no different tax consequences and therefore seems inpractical.

If you were to purchase a property as Tenants in Common you could hold say 80% of the shares in your personal name and 20% in say Company name (not sure why you would) but if you are Sole Trader anyway…[Read more]

You certainly cannot sell your PPOR or any residential property to your SSMF. Commercial properties come a word of warning and timing is essential due to the changing “related parties’ ruling.

As Terry has pointed out why not consider subject to Stamp Duty consider selling the property to your Trust. Remember as the property will now incur a CGT…[Read more]

It is like anything else you join depending on what you want to get out of your membership.

Last time i checked it wasn’t up and running. It was a voluntary run site and i guess the volenteers just ran out.

Cheers

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

Hi Paul

I like most other brokers do loans every day of the week with the borrower being either a Trust or Pty Ltd Company so find you Statement that the lenders outlined won’t assist.

There is obviously some other reason for you being told that the loan would not go through on a Nodoc basis as i have used a couple of the lenders mentioned in…[Read more]

Colin

Yes we are not all pen and paper merchants some of us know how to operate a calculator and offer financial advice.

Long story but i couldn’t get out of soccer coaching that night. My Under 11 /1’s are demanding.

Cheers

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

Hi ModernArt

Most lender will initially offer an interest only loan for a specific period of time namely 5-10 years and then at the expiry of the interest only period will renogotiate with you for either another interest only period or get you to start making Principal & interest repayments.

There are many reasons why as a borrower you would…[Read more]

Hi erikdaphne

Yes i guess one thing you have to firstly understand is that there is no correlation between the variable rate your lender charges and the ARB Cash Rate benchmark which has recently gone up by 25 basis points.

Whilst, it is common for a lender to pass on the full 0.25% rise it is not a requirement and many lenders try and hold on…[Read more]

Hi Andrew

My understanding was just that. You would consider advancing against the present valuation if the subdivision was not complete.

I deal weekly with development loans and most lenders i deal with lend on either present value or GR. Undfortunately LA Trobe flatly refused the deal until the subdivision was complete despite having ample…[Read more]

Len

If you want a simple answer it is NO.

Won’t go into the long winded explanation about undeducted contributions etc and RBL just to say it is a simple NO.

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]

Not sure why you need to to Asia to market them.

If they are well priced I have a dozen or so clients including myself who would buy them.

Post or email me more details and I can come back to you.

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]

Josh

Unfortunately the lenders you mentioned will not do Nodoc in the post code Sarah wishes to purchase in.

Must admit whilst on the surface the initial service from La Trobe appears good the problem i have had with the last 2 deals i have done through them is the actual underwriting.

Most recent deal was valued at $425K and the client wanted…[Read more]

Would you like to tell us who that is that you work with then Andrew?

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

All they are is a mortgage broker who dontates 10% of their trail commission to the Salvos.

Whilst i appreciate the Salvation Army is a great charity the amount dontated is hardly like to make much difference. I see they dont donate any of their upfront commission which really would make a difference.

Cheers

Richard Taylor
Residential &…[Read more]

Must admit whilst i use Macquarie I have found a couple of the other lenders better in costs and post settlement service.

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

You will find it difficult to raise more than about 50% of the business value without additional security.

More information is required before a full answer can be given.

Why not look at the vendor to offer some vendor finance in the initial stage under say a 3 month trial period to make sure that you are happy with the…[Read more]

With the revolution of electronic applications your broker would not need to necessarily need be based in the same State as you.

I have many clients all over Australia including WA who i have never met but acted for for years.

With WA just make sure that the Broker you use is licensed to act in that State.

Cheers

Richard Taylor
Residential &…[Read more]