If you decide to buy with a friend i would suggest you purchase as Tenants in Common.

As Terry points out why would you go for private finance as a traditional style loan would be just as available and a lot cheaper all round.

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

Terry funnily spoke to them this afternoon on a 8 pack in Brissie here and they were adamant at State Level (and the State Manager is my squash partner) they wouldnt do more than 4 residentially.

For a full doc deal you are looking at around 7.10% fixed for say 3 years.

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

Hi Borg

No lender will consider more than 4 units on the same title as a residential loan.

Although in saying this many Commercial Loans we do are done at very attractive interest rates dependant on the rest of the deal.

Hard to offer more advice with further information.

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

I think both Steve and Terry’s points are relevant and comprehensive.

Remember for most Banking lenders you will be up for MI for loans over 60% and this cost needs to be added into the equasion.

This premium will vary between lenders.

Also if you intend to purchase multiple properties consider that you may easily use up your loan limit with…[Read more]

4-6 weeks my they must improved their service levels recently then.

I would be dropping BW and moving on. With the right Bank conditional approval will take a matter of days only.

I did a loan last Saturday afternoon for an interstate client and the mortgage documents were sent out this Tuesday. it all boils down to the Broker and their…[Read more]

I am with Simon on the basis that the property is in a location which is satisfactory for LMI i can’t see any real problem.

The fact that you have transferred Interstate for new employment (subject to not being on a probationary period) should not have much of a bearing on the application as i assume it was a move to improve your income.

Best…[Read more]

Colin is correct buying and selling in a SMSF brings with it a whole new set of rules and regulation. You as the Trustee are responsible for the investment decisions of the fund and if ill thought or irresponsible are liabile for the consequences.

I purchase both shares and property in my SMSF for the benefit of the franking credit on shares and…[Read more]

Thanks Steve for the referal.

Yes thornbirds there are many barriers to FN loans in the US but having been involved in US funding for over 20 years think we can find our way around most problems. Happy to assist you with any questions you may have.

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

As Terry stated “Future Investment is always a good one.

Alternatively if it is a LOC to 90% then there will be no purpose yet just getting your affiars in order ready to strike when an opportunity arises.

If they cause you problems switch lenders.

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

Nothing
Excel designed program
Excel designed program

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

I am with Terry.

If you have sufficient income to show serviceability through your OTE yo8u should be able to easily obtain finance.

Alternatively as Terry mentions a Nodoc or Lodoc loan might be the solution.

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

Hi Dobby

The max limit on the SGB No deposit loan is $600K and they will not go past that. Certainly you can come to an arrangment with the Vendor to purchase the chattels separately but obviously will end up paying cash for them.

Must admit i can so no benefit in you doing so.

If you were considering purchasing the shed for say $25k-$50K and…[Read more]

Why not send a PM to Xenia “DR X” from the forum she is a SA gal and a local who specialises on LO’s in the State.

Look her up on the member search.

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

Safe

90% should be available to you however I guess you have to find your confort level in development.

You could always buy, develop and hold.

That avoids that horrible word TAX

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

Hi David

Welcome to the forum.
Which State are you looking to wrap in?

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

70 / 75% is available at standard Bank rates dependant on the terms of the lease.

As Cameron mentioned 95% is vailable from a non bank lender although the rates hurt the returns.

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

I am also a advocate of not X Coll your loans As Steve mentions you don’t need to X Coll to borrow 100% + on your next IP it is all about structure.

I do however prefer to see my clients purchase in Trust rather than their personal name.

In essence there is 3 main types of Trust each of which has different benefits dependant on your own…[Read more]

Ellis

Technically you cannot sell something that you don’t own (Ignoring Options before anyone responds) however ever purchaser has the legal right to bring forward the Possession Date and repay your loan.

As the title holder you would need to be the one who signs the Sale Contract alternatively your purchaser can sign and advise the buyer that…[Read more]

Sorry Safe i shouldn’t have used acronyms.

GR = Gross Realisations or End Valuations.

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

Terry is correct a NODOC loan would seem the way to go unless you can show on paper serviceability.

Either way I would also suggest that you split the loan to ensure that you keep the investment portion separate to the debt consolidation part.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed…[Read more]