Hi Nik

Welcome to the forum.

In my opinion you are never to young to start investing and purchased my first IP at the age of 18 back in the UK.

To assess an application and make recommendations on borrowing capacity, structure etc a little more information is required.

Lenders look at a variety of things but serviceability is paramount. Taking…[Read more]

Safe

No not at all as long as you show serviceability or an exit plan then i am sure it can be financed.

We finance many development deals for clients and interest capitalisation is important in a lot of these.

All depends on GR’s.

Would need to now a lot more information before i could make a call on whether it could be done or…[Read more]

Hi Jim

I guess the 2 pluses you have immediately are equity and cash and they are a powerful combination.

Depending on the severity of your credit impairment i think you would be able to fund a purchase and development if you are happy to offer the security of your additional vacant blocks of land.

Just remember obtaining finance is one thing…[Read more]

Hi Ellis

I have done one or two in the past 9 years but all in Qld.

Not much difference so if you need any questions answered ask away.

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

Yes location is important but it appears to me that no one has actually considered that the IP’s you are purchasing are generating a rental income.

At 80% nodoc over $500K the LMI will be expensive so structure is important to ensure that you get value for money.

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

Trish

Which State are you referring to.

Will it be the first ppor and is a regional property?

This additional information can get us started.

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

Terry is right equity is king but in your position equity and cash flow is even better.

Time to say goodbye Bank and hello independant mortgage broker.

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 Stephen look around at comparative sales and present these to the Bank’s inhouse valuer.

In saying all of this I think you could obtain a lot better pakage than what NAB are offering dependant on what you are trying to achieve from your lender.

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

Hellman

Good link however as Terry mentioned it is not upto date unfortunately.

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 Alistair sounds like 95% maybe possible.

Before you go unconditional just check out a Building Insurance quote. After Childers many insurers are getting cold feet and premiums have risen.

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

Heh i don’t think we are talking the same language here.

Placing an occupation and a contact number on a signature is a but different to a whole post relating to what you can do for the rest of the world.

Lisa I wasn’t acusing you of anything i merely asked you a question given our previous email correspondance

Obviously everything in the world…[Read more]

L & A certainly is alive and well in the Sunshine State.

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

Looks like the advertising has started up again.

Lisa were you connected with the organisation that took $17000 USD off a finance client of mine only for him to find that they ran off with his money. He didnt find out until the Bank did a revaluation on his property and to his dismay was told that the property hadn’t been rehabbed after…[Read more]

Not even sure who Luca is but there are many able brokers on the forum who can point you in the right direction

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

dan

Same story do you want to on or off the forum give us more details and hopefully we can point you in the right direction.

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

Must admit not sure if you will get 10% deposit in cash or cheque from your buyers especially if they are looking for a high LVR loan.

With regards to the deposit maybe not in Vic / WA but in Qld you can certainly have the deposit released to you if the buyer agrees or you make it a condition of the contract.

Richard Taylor
Residential &…[Read more]

Must admit that doesnt sound right.

We do these sorts of deals all day long.

Do you want to on or off the forum give us some more details and we might be able to direct you accordingly.

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

Kate

We have helped many of Chad’s clients with finance in the US and can certainly recommend his service.

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

Simon

I guess if this is the only IP property you ever wish to purchase and are looking for the cheapest rate in the market warts and all then Wizard could be for you.

Personally i would use someone like Simon who can tailor make a product to suit your requirements now as well as in the future.

Richard Taylor
Residential & Commercial Finance…[Read more]

If you want my 2 cents worth you are better at looking for an experienced local independant mrotgage broker who is a regular poster on the forum.

Someone like Steve at Mobile Mortgage could help you i am sure as he is only a good 5 iron away.

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