Ekam

100% offset facilities are also available on fixed rate loans.

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

Maia

Dependant on which State you are there in no Stamp Duty payble on a Call Option Contract in most States. WA maybe an exception.

With a standard Flip you would not take ownership of the property but assign for a fee the right to enter into a contract to a buyer who pays Stamp Duty on the executed Contract price.

Richard Taylor
Residential &…[Read more]

Have a look at somewhere like Kenmore which is a Western Suburb and has lots of opportunity.

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

Tanya

Also make sure that you get the ABN in the entity in which you intend to trade.

There is no point in registering an ABN in your own personal name if you buy your first property in a Company or Trust name that has no ABN.

Also bear in mind that many lodoc lenders will not consider Company or Trust applications so you might need to shop…[Read more]

Yes many lenders run a mile when you mention serviced apartments however in saying this dependant on the terms of the lease agreement 80% would certainly achieveable maybe more.

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

If you have any non tax deductible debt at all then this is really the only way to go for an investment property loan.

If you are thinking about a long term buy and hold then consider a medium fixed rate of interest product. Many lenders are offering attractive deals with minimal fees.

Richard Taylor
Residential & Commercial Finance…[Read more]

Tracey

It all depends on a variety of factors and your own position regarding any non tax deductible debt.

If you want to take this off the forum and give me some further details i would be happy to point you in the right direction.

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

Hi Mat

Many Builders do this as a way of a sales tool to sell their new homes off the display and you will probably find on most estates builders are selling such homes.

Just a couple fo things to bear in mind:

1) Check to see the rent is not inflated so that when the Builder moves out you can still achieve a similar rent or a rent you are…[Read more]

Hi Tracey

Must admit structuring your IP loans is probably one of the most important parts of setting up your Investment Portfolio.

My preference is to bolt a LOC to your PPOR and then use this to draw down for deposits and costs and have the IP loans stand alone on an interest only basis.

In saying this there are a few provisos:

1) The rate…[Read more]

Regretfully we don’t step out of sunny Qld but Paul Dobson down in Newcastle might be able to help.

I now he is a regular contributor to the forum.

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

It obviously all depends on the standard of the fitting you are including but rule of thumb would be around $1400 / Sq M.

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

Regretfully you are not the only person i have come across who has had issues with Genesis.

Why not contact Chad Simmons at http://www.gr8realestateinvestments.com who is Melbourne based and has just come back from another successful visit to NY and TX.

Working on the release of our 2nd REIT with Chads Clients and he can give you both the good and the…[Read more]

I am with Simon on this one.

In saying that it doesnt appear that you have any non deductible debt so maybe a combination of paying down some of the debt for neg geared IP (prefer to see the funds invested in an offset A/c in case you need them again) or maybe even a Tax effective forestry Investment which will reduce your Tax in the current year…[Read more]

adl

Why not take say 35% of your net monthly income and divide that figure by say $7.85 and that is roughly what the average lender will lend you.

Now whether you feel you can pay back more or less is upto you and the negitating power of your broker you engage.

Don’t forget lending terms and conditions vary considerably.

Richard…[Read more]

10 days study and training wow that can be a whole 9 1/2 days more than some mortgage brokers i have come across.

Amazing all the so called experts in their 20’s have spent the last 5 years as a plumber and are now a mortgage broker all of a sudden.

Oh and by the way when this fails we shall be moving on again.

Yes you get good and bad in all…[Read more]

Thanks for confirming what Terry and I had posted it is very re-assuring.

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

Must admit i am chuckling at your answer Stuart.

I can’t see that anyone who has answered this one has told Wealth there is a problem either.

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

Jenny

Regretfully if he turned over $100M it would not matter if he had only been in business for 18months.

A conventional lender will not be able to get mortgage insurance with less than 2 years S/E. Comes of having the market dominanted by 2 main insurers and 3/4 others.

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

Jenny

Hate to say if your nephew has only been self employed for 18 months he will struggle to obtain 100% finance.

Obviously he is purchasing with a mate (not recommended) and his mates income is sufficient to service the total loan then his self employment will not be a problem.

He would be better to put some of the cash he is making into a…[Read more]

Glenn

Yes if you are self employed for 2 years and have a current ABN you would be able to apply for a NODOC loan if the purchase was for a investment property.

The loan is MI but you won’t have to pay for the premium upto a given loan amount.

Rate of Interest depednds on the product but around 7-7.25%.

Richard Taylor
Residential & Commercial…[Read more]