Kiwi

Hate to say you could not do it that way.

You choice is that you either settle on the low price pay the stamp duty and the have a new contract for a higher price which your buyer signs and then he will not be able to find out what you paid for the property or you exercise a Put & Call Option and get him to sign the original contract.

No…[Read more]

Gary

I have never done it in NZ but have done it in Brisbane over 30 times and it isn’t that difficult.

After you have your Contract Terms reflect that you are able to Strata the block at your expense and the Vendor agree to sign any application to the relevant Council you are up and running.

Make sure the Contract makes provision for who is…[Read more]

Why not start slowly and grow with what you have.

If you are starting out why not look at a simple Trust Structure with you as a Individual Trustee.

If you start accumalating properties then by all means look at replacing the Trustee with a Corproate Trustee but i would not suggest that you go to that expense for a single property.

A Trust will…[Read more]

Cameron

Indeed it is interesting to see that.
Wonder if we have a 25 basis point increase in store next Wednesday?

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.19%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

I have been involved in wrapping, vendor finance and property investment in Qld for some 10 years prior to moving over from the UK.

Retired at 39 but am now back in the workforce after 18 months of getting bored at home and playing golf every day (it is in’t as much fun as it sounds). I run my own finance brokerage do a few property developments…[Read more]

Hi Cameron

Firstly welcome to Oz. I made the move from Pommy land in 1993 and have never looked backed.

Terry is right for a standard NODOC deal you will require a 30% deposit however in saying this if you are looking to venture into property development a few specialist lenders offer lodoc development funding.

Each deal on its own merits but…[Read more]

If all other factors remain equal an in principal decision by that time is possible.

There are a lot more pieces of information one would need before i could guarantee you an approval.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.19%**
Licensed Financial…[Read more]

squeaker

Whilst an ITIN will be a requirement for doing business in the USA it is not a requirement to obtain a FN loan.

In fact it is not even a request on a standard 1003 Fannie May Application Form.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.19%**
Licensed Financial…[Read more]

You do not require a SSN to obtain finance in the US.

As for a higher rate of interest then that is not quiet right. The choice of lenders certainly is a lot less limited as a FN however finance is still achieveable at a sensible rate and terms.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from…[Read more]

Steve.

No 60% is not the norm although if they are tough on vals appears the true LVR is less than 60%.

We deal with many Commercial lenders all depending on what type of property you are looking to finance and the strengths and weaknesses of the deal.

If it is strong application we have a couple of lenders that now go to 85% LVR.

Hard to make…[Read more]

vyaw

Ok thanks for the slight clarification.

If both are non tax dedeductible why not combine the loans into 1 and negotiate a better interest rate. A 0.5% saving would save you $1000 PA off the interest and would reduce the term of the loans no end.

Establish a 100% offset and link this to the loan and divert all of your funds into this…[Read more]

I am with Colin on this one i would be very careful.

Super Funds are certainly not able to borrow and the use of JV’s with Unit trust or the like will be treading on very thin ice.

A Wrap could be a long term investment and if you nned to change things you would need the consent of your purchaser which may not be so forthcoming.

I have…[Read more]

We use the Australian Reserve Bank Cash Rate + Margin.

Rate is currently 5.50% and is easy to track. http://www.rba.gov.au

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.19%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

I can’t see any allowance for GST.

You will be suprised how many developments i have finance or been involved where it was not reaslised that GCT was payable often on the Margin Scheme.

1/11 makes a big difference.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.19%**
Licensed Financial…[Read more]

Sorry that was a sweeping answer.

No unless you sign a letter of disclaimer which should be available at the local branch

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.19%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

In a nutshell – No

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.19%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

Steve appreciate the referal.

Hopefully i answered Kylie’s questions yesterday.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.19%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

Terry I agree.

What do they say about Patience. Found in every woman but rarily in a man.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.19%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

Think you are speaking to the wrong lenders if you are only able to obtain a 70% advance in NZ.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.19%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

A wrap around mortgage or sale by Instalment Contract

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.19%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888