Hi

A couple of lenders offer 106% loans at a slightly higher interest rate although this might get you to your goal even quicker.

Most of these loans are post code restricted so if you have any area in mind I would be happy to check for you.

On the question of the smaller units <50 Sq M yes you can obtain finance on these but anything over 95%…[Read more]

You might like to contact Mic at AussieHousehunters or Westan / Alvin from the forum both who have exclusive arrangements with Genesis.

Just bear in mind financing in NY is not easy.

Do a search and you will find a lot of information concerning the USA on the forum.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720…[Read more]

Hi Collette

Feel free to shoot me an email and i can put you in touch with a couple of guys in Oz that specialise in US property.

Some of the deals i have seen they have at the moment are well under market valuation.

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

Brett

I would concur with their thoughts. Rent is dead money mind you so is interest but at least owning your PPOR gives you choice and it can be a greats vehicle to leverage off.

The $7000 (+ in certain States) FHOG and other First Home Oner benefits will not be around for ever.

Structure your PPOR loan correctly so that when it comes to…[Read more]

Furnz

Simon is the best broker i now in Newcastle and a regular contributor to the forum.

He is even a Moderator but i understand that you don’t have to call him “Sir” when he comes to see you.

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

As Simon says what is the security you are offering presumably not the units themselves.

What is the problem with increasing the loan against the value of the units. 80% of purchase price or 70% of enf value is readily available so that should cover most cases.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720…[Read more]

noysee

Yes as Alistair mentions it is common practise and from my days in the UK we used to finance many clients into similar.

All i would say from my US Banking contacts in Miami the construction market is getting saturated and clients are finding that they cannot off loan the properties when it comes to completion.

Why not consider buying…[Read more]

Glenn

The interest charged on your own PPOR is non tax deductible so you are always better off paying this down as quick as you can.

In saying this dependant on the purchase price of any PPOR you maybe able to structure the loan in such a manner that enable you to access equity for a IP at the same time.

Alternatively many lender will lend 100%…[Read more]

Hi there

If you are consider operating in Qld i can probably assist you in the wrapping side of things.

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

If you purchased the property as Tenants in Common then Yes you could sell a percentage of your shares to a 3rd party but remember that brings with it a ray of complications some of which would include:

CGT on the shares sold.
You or they can’t mortgage the property without all parties consenting and agree to the loan (not ideal unless it is a…[Read more]

Wazi

I have just financed a property where 2 houses are being built on the one block of land with the single title being on 2 Lots in Coopers Plains.

This application was full status however you would be suprised how many lenders would not lend more than 70% as their was 1 title.

What part of town is the property, the zoning and the land…[Read more]

Mja

Thanks for the correction in my spelling.

Must admit my wife and I were suprised to be invited to his pre Xmas party when he appeared very pleasant and introduced to a few people of note.

Shame he wasnt like that when i was building my own house and he placed a Stop Work Order on the property when the swimming pool exceed the building…[Read more]

Mapleleaf

Don’t let other put you off.

I have relocated several homes in regional Qld for Investment and always found that the local Council are happy to assist.

Currently i have 2 relocatable homes being moved to land i have subdivided in Mt Morgan and also one going onto a vacant block at Baldercombe.

Yes admittedly as in any industry there…[Read more]

Happy New Year Matt and welcome to the forum.

Hope we can be of assistance to you later on in the year.

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

Guys get to now a few Brisbane RE agents and you will find 16-18% is the norm in Brissie.

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

John

Not in my opinion. I co-own 2 in Brisbane and would expect at least 16-18% Gross return.

I am assuming that the building is brick but after Childers insurance is difficult and expensive and they have become less attractive.

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

Strawberry

You firstly mention that your friend is looking to buy land and sub divide but requires partners? Are these financial partners or partners to purchsae the property with. If the later is the case then a Pty Ltd structure or Unit Trust maybe the way to go.

Secondly, i would not be buying any block of land where i was not fully aware of…[Read more]

If you want my honest opinion i would avoid Springfield Lakes like the plague. Forest Lake was another Dalphin development and look at the problems there.

As Mahar Sinithambe the original owner and still the owner of the Orion shopping centre is my next door neighbour i am slightly biased but i have seen the way in which he operates.

Camira &…[Read more]

Colin

You are right nothing to stop you

“one partner buys out the other using the extra value in the investment.And there is nothing stopping both of you from doing this over and over.” it is just the stamp duty and CGT you have to build into working out whether it is viable or not.

Richard Taylor
Residential & Commercial Finance Broker
Ph:…[Read more]

Non at all as long as the interest rate and terms and conditions are the same as they would be if the property was residential.

Terry is right almost any other lender on this planet will be able to assist as long as everything is ok.

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