Hi Sk2

Yes it will effect your deductibility. I would be getting CBA to split the loan so the potential investment portion is clearly identifiable.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 6.89%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

Claude

If you are happy to travel to Southport ring Steve Hodgkinson at the Gold Business Group on 553202855.

Tell him i referred you as he and I have done many property deals together over the last 8 years and he is a close mate. Most Accountants worth their salt aren’t taking on new clients.

Richard Taylor
Residential & Commercial Finance…[Read more]

Don

Which State are you looking at doing the Vendor Finance in.

If Qld feel free to email me any questions. My company First Home Owners Group Pty Ltd has done one or 2 to say the least.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 6.89%**
Licensed Financial…[Read more]

Grreg

As per previous post for NODOC.

Lodoc dependant on the loan amount – 6.72% + 0.25% rate increase (80% lend) serviceability statement signed.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 6.89%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

Markus

If you want to part with some information we can try and advise accordingly.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 6.89%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

Hi Glenn

As Stuart & Paul have already mentioned an LOC or similar will give you flexibility and an ability to increase your borrowing to enable you to invest in other areas.

You appear to have good equity in both properties so i would be checking that your loan structure is correct and that you are diverting all your funds into your non tax…[Read more]

Dan

Interesting to read your comments i was under the impression the market was dead and going backwards.

May i can start referring my clients to you again.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 6.89%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

That has always been the case.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 6.89%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

Try W/Pac or Liberty.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 6.89%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

Hi As i say can only comment for Qld but i am sure that many States will be similar.

Where an amount of in excess of 10% deposit is taken or paid the contract can be considered a Terms contract. This has legal implications if settlement does not take place on the due date and ramifications for things such as penalty interest.

Check with your…[Read more]

Whilst it may vary from State to State it is certainly legal in Qld and in fact common practice especially on lengthy Development style contracts which usually have many conditions.

Most Vendors would certainly want the deposit to be released.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 6.89%**
Licensed Financial…[Read more]

Hi Jeremy
Have done over 200 wraps in Qld but none in NSW.

There is not much difference other than Qld is a bit cheaper. Feel free to get in touch if you need any assistance.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 6.89%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph:…[Read more]

Before you decide on what State or the structure you want to set up i think you need to ask yourself if you are looking for finance on the property or not.

If the answer is Yes then you will need to be purchasing in your own name as a Foreign National and deed the property into your LLC or SCorp after closing.

Richard Taylor
Residential &…[Read more]

Adam

Do you now for sure you are uanble to obtain traditional style finance?

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 6.89%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

You won’t find a lender lend you more than 105% unless you have equity in another property.

Some lenders will go upto 106% for Owner occupied purchases but this still incurs establishment costs etc and will eat away the additional borrowing.

If equity is not available then try and negotiate that the Vendor leaves some money in the deal and you…[Read more]

Regrefully because your Sale Contract has a big “SUBJECT TO” in it then the buyer can pull out if these conditions are not met.

As such any lender is going to adopt the same philosophy that it is not sold until the DA is apporved by the Council and therefore will only adopy a current valuation rather than after works figure.

Just on a spearate…[Read more]

Which State are you in Adam?

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 6.89%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

I think Stuart means 1 Day before signing the Contract not 1 day before purchasing the property which could be settlement date.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 6.89%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

Tanya

Where are you based?

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 6.89%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

Grant

6.89% variable NoDoc (pre 0.25% rate rise) with no ABN is achievable.

WA is fine for lending purposes.

If you have an ABN then 6.62% for Lodoc.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 6.89%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888