aaron

Post slightly confusing to say the least but we can try and help.

legally have no investment properties for taxable purposes.
Yet 70k loan is for a 120 valued house- returns $120

How you can have no IP but have one house renting for $120 (i assume a week).

If you purchase a new house would you keep your old PPOR and rent it out. If so…[Read more]

Hi Michael

I will assume you have done your due dilligence on the property and the location so will not comment on this front.

With regards to your finance i am unsure as to whether you have any non tax deductible debt on your PPOR but if you have certainly would not suggest that you pay cash for the property.

Ideally if this is the case…[Read more]

didi

Don’t feel silly it happens to a lot of clients.

Defaults are registered for a variety of reasons with the fact you didnt receive the bill or your name being on the account amongst the most common.

Forget you Bank they will have no idea and will give you the old 5 year spiel but thankfully this day and age the market is a bit bigger than…[Read more]

DLPP

I would prefer not to post it publically although i think the forum member knows who he is.

With regards to finance i agree with you. If you pay cash you circumvent part of the due diligence process. I always suggest my clients get the US Bank we deal with to undertake an appraisal and then they can make up their mind with regards to the…[Read more]

The property was advertised on Ebay and purchased by a Brisbane Dentist for $11000 USD.

Regretfully the property advertised and the property purchased were 2 different properties. The purchaser did not visit the property or did he engage the services of someone to inspect the property on his behalf.

The Vendor agreed to renovate the property for…[Read more]

I arrange Hard Money loans for clients in the US regularly but you will find here the maximum Hard Money loan would normally be circa 70% LVR.

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

KP

The choice of lenders and products is a lot greater for locals and citizens.

Limited FN lenders out there.

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

Kp

Closed a dealing Easter Thursday at 6.39% variable ARM for a FN client who purchased in Texas.

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

Hi there

Many people have raised the same question and i guess there is no exact answer.

There is no good time to start full time investing and you will always find reasons not too so make sure you are confident in your own ability and have the resources set up to make a go of it.

Factor in time delays, cost blow outs and longer than expected…[Read more]

Short selling is a practise we use often in the US however i don’t believe you will find Australian / NZ lenders so familar with the concept or accomadating with regards to lending.

A private investor is going to want more security than merely the title to the property.

You are better off setting up a LOC against existing security and then being…[Read more]

Hi FHB

You don’t mention whether you are a Australian Citizen or a British Citizen so we will assume the former otherwise you will also need to apply for FIRB Approval which can take 6-8 weeks.

With regards to your Finance make sure your lender understands that you are in the UK as many lenders and Mortgage Insurers will only go to 80% LVR. We…[Read more]

Barry

My point exactly. Trustees will certainly be required to offer a Guarantee irrespective of what type of Trust but NOT the beneficiaries.

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

Yes and she throws in an ASIC spokesman to come along for free.

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

verara which area are you in?

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

bouzo

Would need to now more about what you are after first.

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

Brad

Dependant on the size of the loan would you not be better off with 6.76% variable and pay the LMI.

No Accountants letter required.

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

Not sure if this is right but this is my understand of selling to a trust in your case. Selling to a trust would be purely on paper so I imagine that you would have to sell at market rate, eg 165k and pay capital gains AND stamp duty on this, then you would sell to purchaser at around the same price, unfortunately the benifit is lost as your…[Read more]

If you are appy to pay the LMI premium you would be looking at 6.59% fixed for 3 years maybe 6.75% fixed 5 years.

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

Ritch

Would need to now more details to advise you fully but it is not easy we arrange loans for clients all over the world inclusing 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

Stuck at two

Think some of your figures are slightly incorrect including both the GCT and cost of setting up a new Trust structure.

Also Redwing don’t want to disagree but Benficiaries whether they are over the age of 18 or not are not required to consent to any new loan. Only the Trustees guarantee is required.

Richard Taylor
Residential &…[Read more]