Hi Badger

Investing in the stock market has similar parallels to investing in property.

You would never jump in and buy the first property you saw or becuase you like the name of the street so due your due diligence on a company before you buy its shares.

Secondly identify you risk profile. I say to all of my clients they have to be confortable…[Read more]

Hi Niklas

This first post of your wouldnt be advertising would it.

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

Specialising in US & IP finance.

Spider

I think you will find 1 or 2 members have.

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

Specialising in US & IP finance.

Steve

Only issue with Julia is she is not in Brissie

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

Specialising in US & IP finance.

Alle

Couple of things to bear in mind:

1) You probably will not get Buildings Insurance on the property.
2) Without 1) above you probably will not get finance.

I purchased a property in Rockhampton in a flood area which was 4 blocks of land for cash. We then subdivided them off and sold them individually to truckees who needed somewhere to park…[Read more]

Sebestian

Yes 90/95% is achieveable. Some lenders will factor in a currency risk variation when calculating your serviceability but will certainly consider such an application.

Some are easier to work with over others.

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

Specialising in US & IP finance.

Thank Ronnie

Oh yes thery are very much + cash flow i wouldnt be buying them otherwise.

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

Specialising in US & IP finance.

Pyramid

Jen is right in her assessment.
Normally done as a License To Occupy or Lease Option rather than a Instalmnet Contract.

The purchaser cannot afford to make repayments on 100% of the property so she makes payments on a given percentage i.e 50-75%. Investor retains the balance and enjoys the percentage gain whilst still receiving a higher…[Read more]

Ben

You certainly fin in Brisbane at the moment many vendors try and remove or insert conditions especially when it comes to development contracts.

As an owner of a boarding house or 2 in brisbane myself i certainly after Childers wouldn’t sign a Contract with a clause

“The Buyer acknowledges that neither the Property nor the Seller comply with…[Read more]

Yes it is certainly doable in this market.

Maybe you need to adjust your strategies to maximise your return by maybe offering a shared equity scheme or similar but certainly from the level of enquiries we receive the demand is very much still there.

Cheers Richard
Ph: 07 3720…[Read more]

Hi Wizard

Not sure which part of Qld you are looking in but we have acquired 8 properties in the last month on Qld all of which with a little bit of renovation work will be cash flow +.

One includes a block of land which we purchased for $31500 have a removal home being put on it and fully renovated probably will cost in total $120,000 and…[Read more]

Hi Paul

Henry requires 80% lodoc lending a Pty Ltd company name so 90% not available.

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

Specialising in US & IP finance.

Herman

Apologies comes of typing too fast.

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

Specialising in US & IP finance.

giddo

Adelaide Bank is one that will go to 76% without LMI and still offer an offset.

I believe you are in SE Qld so in Brisbane we use Greater Pacific one of the Bank’s resellers for the area and their rates are quiet competitive if you need to go that high.

Citibank charge LMI over 60%.

Cheers Richard
Ph: 07 3720…[Read more]

No Sebastian it is not.

95% is available although you will incur LMI.

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

Specialising in US & IP finance.

Hi zyn

It is never to early to start.
Rather than try and team up with a partner why not see if you can’t go it alone first.

This day and age many lenders will consider investment loans of 95% of the purchase price or even 100% at a slightly higher rate of interest.

If you have funds to be able to purchase the property then why not structure it…[Read more]

Lance

Is you 60% loan 60% of the installment contract price.

If so i wonder why your wrappee has not asked you to take a mortgage on the property as they are entitled to do so in Qld under the 1/3 rule.

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

Specialising in US & IP finance.

30% represent the current Tax Rate for a Pty Ltd Company and therefore if held in this type of entity would be the rate payable.

Alternatively dependant on your personal income it could be that your marginal rate of tax is 30%.

If you are in the highest marginal tax bracket then you will pay 48.5% on the gain.

Do you have to accept the…[Read more]

Hi Liz

There is non. Restructuring a loan does not trigger a CGT implication or does refinancing.

The lender is confused or stupid.

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

Specialising in US & IP finance.

Nathan

Would you like to elaborate further what you are after.

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

Specialising in US & IP finance.