Terry

The Contract cannot stop you placing a caveat on the property as it is the Property Act which makes this provision as protection for the wrappee however i agree with you this still gives no protection to the purchaser in the event of the wrapper going into bankrupcy.

In saying this i have seen certain contracts which state that a caveat…[Read more]

Chris

i am with learn& share the responsibility lies with the Vendor to comply with the Terms of the Contract.

You should consider taking action against the Vendor under Specific Performance and see whether this gets him up and running.

Having settled it is of course harder and more costly to enforce and as Alison mentions you should have…[Read more]

Hi Lawrence

“you must be aware that the lender in the first and second instance are informed by the land titles office so its a good idea to pre warn them”

This maybe a NSW Title position but it icertainly is not in every State.

In Qld there is no requirement these days to advise the 1st mortgagee that you are registering a second mortgage or…[Read more]

Hi Justins mum

Which State are you in?

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

Derek

Too true. You only get one crack at those sorts of clients.

Ozi yes it was in NY State.

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

Hi there

Why not just ask your questions on the forum here we are all here to help.

Well most of us that is.

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

Hi DAB

If you want to email me the address details i can have a drive past for you if it is on the right side of town.

Can certainly help out on the Solicitor front.

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

If you are looking for a good broker in Melbourne you can’t go past

Steve Crane
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

He is a regular contributor to the forum so i am sure he wont mind me cutting and pasting his contact details here.

Richard…[Read more]

Hey Sharon

Well you are not a normal client.

I don’t peform miracles for everyone, i leave that to the big fella upstairs.

However we aim to please and your $50 cheque is in the mail.

Have a lovely Xmas although in saying that I will probably send you a dozen emails between now and the 25th.

Richard Taylor
Residential & Commercial Finance…[Read more]

Aussie hate to say you are dreaming.

Standalone deals for commercial would be limited to probably 80% if it is a development finance deal then 85% of GR maybe possible.

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

Wazi

I have done many a development in Brissie over the years (both big and small) as well as financed millions of dollars of Development deals.

Be happy to look over your numbers and make any suggestions.

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

Susan

We can discuss it further in the morning when i come to see you but i am with the others in that financing at a decent LVR and competitive rate is hard.

With a gross yield of 8.3% you are really relying on Depreciation and Building Write off as with the Body Corp & Rates coming in at $2260 a year there is minimum + cash flow.

You will…[Read more]

As Derek mentions a good broker is more than just a form filer.

A broker works with you to achieve your goals and thinks on your waive length.

He will provide you with options, suggestions and solutions as well keeping you informed as to the changes in the market with regards to new entrants, products and interest rates.

I like to think with my…[Read more]

Babcock & Brown also seem to like residential units and apratment complexes in Prague.

Maybe that tells you something.

Cheers Richard
Ph: 07 3720 1888
richard@yourstatefinance.com
http://www.yourstatefinance.com

Specialising in US & IP finance.

Babcock & Brown also seem to like residential units and apratment complexes in Prague.

Maybe that tells you something.

Cheers Richard
Ph: 07 3720 1888
richard@yourstatefinance.com
http://www.yourstatefinance.com

Specialising in US & IP finance.

JJ & Jo

The Act has not been upgraded just the interpretation by the lenders more rigorously applied.

Finance is readily available to Foreign Nationals depending on

1) Which State you are looking to purchase in.
2) The type of property you are looking to buy.

We closed a dead for a client on Friday at 5.85% variable with $950 Bank loan costs.…[Read more]

Vanessa

Hopefully we answered this one?

Cheers Richard
Ph: 07 3720 1888
richard@yourstatefinance.com
http://www.yourstatefinance.com

Specialising in US & IP finance.

Ausprop

There is no stamp duty on a Call Option in Qld.

The ‘and or nominee’ clause was closed a couple of years ago but you can still use an assignment letter which attracts no stamp duty and enables you to assign the property prior to settlement to a 3rd party.

Cheers Richard
Ph: 07 3720…[Read more]

Bagder

Gotta to be honest as Financial Adviser i find foundations comments amazing.

Firstly not all FA charge an arm and a leg and i would be looking to work with someone on a payment for performance basis.

Secondly when your investing in quality stocks (and i presume with 100K you intend to stick to the ASX 200 rather than speculative tech or…[Read more]

It is normally referred to as a Transfer by Direction and is certainly common in the development field.

Also you certainly can sell something that you don’t own. It is referred to an Option.

Cheers Richard
Ph: 07 3720 1888
richard@yourstatefinance.com
http://www.yourstatefinance.com

Specialising in US & IP finance.