Adrian

Just to correct a previous post

When the purchaser moves into the property, they are entitled to FHOG, which once again gets paid to you

This is not the case as it varies from State to State. In Qld the FHOG is paid 12 months after the possession date or when 10% of the installment contract price has been repaid whichever is the later.…[Read more]

The rights of recovery for a 2nd mortagee are the same as the prime mortgage holder.

In the event of default the 2nd mortgagee can take appropriate steps to recoup his money by making application to the Court for possession.

In reality you would normally need to notify the 1st mortgage as they have prior claim on any sale proceeds. You may also…[Read more]

An LLC or CCorp / SCorp will cost between $550USD & $1100 USD dependnant on which State you incorporate the entity.

Remember in most cases you are unable to borrow in the business entity name with a Foreign National member.

Cheers

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

James

I am not convinced you will find a repudable Aggregator take you on without 2 Years experience or MIAA accreditation.

I introduce direct with a few lenders and have quiet a few brokers in the same position as yourself you i Aggregate for if that is of any use.

Cheers

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

A great big YES.

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 have completed over 200 wraps in 9 years and still have over 130 properties under a wrap contract as at 30th June.

At times it can be more than a full time job so back in 2002 we employed 2 full time staff to run the day to day enquiries etc and deal with the payment processing.

All lenders have a slightly different take on how they treat…[Read more]

I have numerous properties in both Rocky and Mount Morgan and all i would say i keep buying them if the price is right.

Bought 1 in Feburary for $105K have spent around $30K on it so far and we will list if for $245K within the next couple of weeks.

For Capital Growth and income you cannot go past Rocky for an affordable area in…[Read more]

I am with Terry.

I have come so close in loosing both residential and commercial deals with the Big “C” over the last 12 months it is not funny.

These are usually existing clients of their’s where you try and do the right thing and keep the new loan with the existing lender to save refinancing and it has back fired on almost every deal where the…[Read more]

If you are happy to go to the Northern end of the GC ring a good mate of mine Steve Hodgkinson at the Gold Business Group Southport on 5532 2855 and tell him i sent you.

I think they are still taking on new clients.

Cheers

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

Hi there

Firstly i will assume that the loan you are paying off in the not too distant future is your current PPOR and is likely to be for the next 5 years or so so has no current tax benefit attached to it.

Remember if you do rent it out and move into the new property you will have NO interest to be deucted so it before you repay it might be an…[Read more]

Colin after 4 beers i talk all night but non of it makes sense – ask my wife.

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

Guys not only Westpac.

Had clients last week who had been with Bank of Q for years and were buying in a Pty Ltd ATF XYZ Trust and they wanted to do the same. Also CBA told another client they would be unable to assist as the Trust did not have 2 years Tax Returns.

I must admit i love the lack of education in these Banks they make life so much…[Read more]

Sure Colin will say a few words as our Guest Speaker and if you buy me a beer i might as well – lol.

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

Assuming you are referring to the Contract Duty payable on the purchase price regretfully this cannot be claimed on a IP.

The amount paid is added to the purchase price and increases your Cost Base for CGT when you eventually sell the property.

Cheers

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

Not sure for NSW but i can’t be that much different to Qld.

All you need in Qld is a letterhead valuation from a local Real Estate Agent and a completed Form 1 Transfer.

If it is done under the Love and Affection clause in the Qld Stamps Act there is no duty payable.

Cheers

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

Hi there

Get him to email me his contact details and I might be able to assist with a wrap / LTO.

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 like to look at the following

http://www.shanghaivision.com.au/

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

You are right that the reverse style mortgage came out in the UK many years ago.

In fact Stewart Caryle the largest provider of Reverse Mortgages in England started in 1983 and are still going strong.

Must admit i don’t know of too many Pensioners forced into the streets because their equity elapsed but do accept that certain mortgage deeds have…[Read more]

Hi again

In saying that Interstar No Doc is actually 70% it is the Lodoc deal that they will do at 80%.

GE do not check ABN ‘s and Interstar until recently have been in the same boat. You do however need to declare an Income and a source of where the income is coming from.

Email me if you want further details.

Richard Taylor
Residential &…[Read more]

Hi there

We deal with Internstar wo would be happy to give you quote from them.

Sorry could have told Carrington require 2 Years ABN.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888