Andrew

Welcome aboard the forum.

You and many other long standing members of the forum are doing likewise. The forum is not a platform to advertise your services but assist others

Advertising is not permitted and no i am not a moderator.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

In Qld the Investors Club motto of never never sell had nothing to do with them trying to save you CGT but to avoid you finding out how much the property you had purchased from them had fallen in value.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Hi Sinaloa

Yes i actually run my own finance briokerage so have been involved in both financing such developments as well having undertaken a couple of projects myself.

To me it sounds like you are very early in the peace and will certainly need to enagage the services of a consultance firm. If the project was in or around Brisbane I could…[Read more]

There has been a lot written about commecial property in the forum recently so try a search and see what others have posted. Try reading some of Dazzling’s posts as he is very good at sheading the light on the + / -‘s.

For my 2 cents worth i would just say that financing a commercial property may mean that without additional security your…[Read more]

Henry

What they are telling you is rubbish. You are able to offer vendor terms on anything. In saying that you would want to be sure the buyer was a good risk and you were happy with the credit assessment you did on him.

Altenatively there is nothing to stop you arranging to introduce your buyer to a broker who specialises in personal loans and…[Read more]

Matt whilst the points raised are valid one consideration is financing the two choices.

As i mentioned to you 95/100% (or more) borrowing is acheivable when you purchase your own PPOR however when you are looking to buy a block of vacant land and construct UNITS upon the land then that is a different kettle of fish and you will be limited to…[Read more]

Cabo

When you say “He’s got a piece of land on Vic, that he bought years ago” which year are we talking about.

Is a pre 87 candidate?

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

To offer assistance and advice on the feasbility we would need further information on both the parties concerned and the project.

Obviously you may feel that some of this information is sensitive and you wish to keep private but to accurate appraise the proejct much more information would be required.

Richard Taylor
Residential & Commercial…[Read more]

Michael

You must be kidding me “wrapping is certainly alive and well” if enquiry levels are anything to go by.

in fact most of those heavily involved in wrapping are to busy wrapping that we havent got time to post comments on it.

Just bear in mind whilst the concept is the same in every State and the UCCC legisilation Australia wide each State…[Read more]

Kriscot

Ditch your Accountants recommendations Simon is the man in the Hunter.

You go and see him and he always has a cold beer in his office beer fridge.

Any Newcastle clients i have i refer to Simon.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

http://www.revenue.act.gov.au/ might be a step in the right direction and i am sure they can answer questions you may have.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Hi Mark

Happy New Year to you.

As someone with an interest in US i thank you for posting it for us.
Too much information is never enough

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Hi there

I think you will find it is a little more than just that.

What about the insurance and public liability for the building.
If you live in a house you pay buildings insurance.

What about the administration of the admin and sinking the managment of the owners the responsibility and the mainaintaince of the common areas. Would you mow your…[Read more]

Unless he has sound asset base and good monthly suplus he is unlikely to get a unsecured loan of that sort of amount.

One consideration would be to look at rolling over his credit card to a Nil interest on balance card for say 6/9 months which are available.

He would have to a really good brother for me to want to apply for a loan against my…[Read more]

In Qld within 30 days from that date of the Contract going uncondition unless exemption applies as a FTB under threshold but other wise you pay it on the $340K.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

As Simon states the amount of deposit is merely one of the Contract items that you state you are prepared to put down when making an offer against the property.

Other matters for negotiation include the price, settlement dates and general terms and conditions.

With lenders now offering 100% IP loans many clients are putting down limited amount…[Read more]

Mick

Not sure who you are talking with but 70% of current value is certainly not the norm.

Most lenders i deal with work on end value. Sounds to me like you might be barking up the wrong finance tree.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Pyramid

Paul beat me to it pointing the Stamp Duty error.

Don’t now which State you are in but a lot of our deals in Qld have No Deposit let alone little deposit.

Flexibility is another one whereby you can tailor the product to suit i.e Instalment contract or License to Occupy. If LTO purchaser may still be entitled to rental assistance.

I…[Read more]

Derek is right in regards to financing such a property.

If it is a condition of the contract that the unit be placed in the Hotel Letting Pool then this will certainly limit your choice of lenders who want to lend against such proposition.

In saying that i have recently financed a couple of units in a complex up at Harvey Bay for a client and…[Read more]

Dazzling is our resident Commercial expert so i am sure he will no doubt answer the post for you.

My limit is to financing them.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com