Cabo

On another note it is the date of Contract that is considered for the reduction in CGT (where held personally) which may not always be the date of ownership.

If you buy in a Super Fund and hold the property for 1 year and 1 day between contract dates the CGT is reduced to 10%.

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

Redspida

It is unfortunate that we seem this sort of thing happening every day of the week. Hard working Tax payers who will not qualify for a pension due to a variety of circumstances.

The Tax treatment and social security treatment of the disposal of assets is considered differently as is to complex to explian on the forum here.

Social…[Read more]

On the basis that the block is less than 10 acres you may get 95% LVR dependant on the post code.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

Peter

Yes it is however if you were my client i would try to save you the additional costs of refinancing down the track and look for a suitable product that suited both requirements.

Your brother is going to sell presumably and you retain the property and some of the loan.

100% funding is no problem given your existing equity…[Read more]

Hi Peter

Unless you have funds of your own to put into the project then i assume you will require 100% financing which given the equity position should not be a problem.

Obviously if the property is owned Jointly with your brother (I assume Joint Tenants) then you will both need to be a party to the new construction loan.

I am unsure as to the…[Read more]

If you want to PM me the name of the Brissie Developer i can give you an honest opinion. I have dealt with a lot over the last 10 years.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

Storming

Just bear in mind that the normal way to structure an IP loan would be to borrow 80% against the security of the property and maybe bridge the 20% difference plus costs from your LOC secured against your PPOR or other security.

You may still incur mortgage establishment costs such as mortgage stamp duty. loan fees if any on the 80%…[Read more]

100% + is available but you would need to be offering additional security by way of another property.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720 1888
richard@yourstatefinance.com

Hi Grevs

As Terry points out with less than 2 years Tax returns then you will struggle to get a standard loan without using the equity in your current property, your partners income and consent or a combination of both.

Lodoc / Nodoc loans are available with lodoc available to 90% LVR on Invt but at a higher interest rate.

I think you should…[Read more]

WW

If you are referrring to Terry i can assure you he is one of the most respected long standing members on the site and is only there to offer advice.

Terry certainly gets my vote in Sydney.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720…[Read more]

Hi there

No thats not quiet right. We did a block of 8 for a forumite last week and that was done at residential rates of interest.

Admitedly you may not get more than 80% LVR but you should certainly be paying residential rates of interest.

Would need a little more information to be able to provide you with a rate of interest and some…[Read more]

Greg

As Simon has stated many of these types of loans have varying features and charges.

Some have a maximum “cash out” amount others have no limit.

Depending on the loan amount required LMI should not be payable and in most cases IO is available.

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

Adam

Always a pleasure and i must admit i am getting rather partial to Mango frappes.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720 1888
richard@yourstatefinance.com

Simon

I am the same as you. I recon it is less than 10% these days.

Can’t drink coffee alone.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720 1888
richard@yourstatefinance.com

Full doc loans where appraisal is paid up front we are ready in around 21-28 days

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720 1888
richard@yourstatefinance.com

Not really most of these blocks come up and you are able to sign subject to finance.

Just need to get everything else in place.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720 1888
richard@yourstatefinance.com

Total loan costs are around $995 USD.

In addition there will be a 3rd party fee for appraisal, Title and Attorney Fees and in NY State Mortgage Tax.

All in all still makes the purchase well worth it.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720…[Read more]

Juststartingout

I think you could a lot better in customer service, product and overall package with someone other than BW.

Better to miss out on this property and get it right from the start so it will not have an effect on other future purchases.

I promise you not all mortgage brokers eminate from hell.

Richard Taylor
Residential &…[Read more]

If it is a Commecial property i think it would be easier to go for a traditional style loan rather then Private Finance.

Private investors don’t alwlays understand Commercial Lending and tend to be a little LVR shy.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720…[Read more]

Borg would need a few more details but happy to assist if i can.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720 1888
richard@yourstatefinance.com