And if so how much?

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Yours in Finance

LMI is deductible over 5 years or the term of the loan whichever is the shorter.

Stamp Duty on LMI can be upto 11% I hate to say if your living on SA.

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Yours in Finance

Why Perth this day and age most deals are done by phone/ email.

I have just finished processing a deal for forum clients living and working in Germany who are buy 2 IP’S in WA and Qld.

Certainly didn’t see them face to face lol.

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Yours in Finance

I wound never be paying more than the registered valuation for any property irrespective ef whether I was keeping the property for 1 year or 10.

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Yours in Finance

Yes gumblepie both lodoc and full doc loans can come with an offset account.

Don’t see a problem financing a deal the way you want to.

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Yours in Finance

Did you not have a special condition inside the contract allowing the property to be advertised for rent prior to settlement ?

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Yours in Finance

Which State are you looking in Waydo?

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Yours in Finance

As i say might be some options if the property is owned jointly.

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Yours in Finance

Said, “”Serviced”‘ means the way that Anz calculate how much you can borrow applying their own internal calculation.

There is no issue with Cash out but taking it to 90% requires is most cases a Stat Dec confirming what the funds are to be used for.

I have a couple going thru the Bank at the moment for Forum members and no issue with…[Read more]

Shanus wow my friend stop right there.

Do that and you run the risk of contaminating the interest on the entire loan.

Your 50K redraw has gone and you can’t refinance it back into the loan and claim the interest.

I do hope your Broker / Banker hasn’t suggest such strategy as if they have i would be switching Broker tomorrow.

All you can claim…[Read more]

Might be able to do it a full doc name in the Company name being sub 80% lvr.

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Yours in Finance

Standard deal and structured correctly can’t see an issue.

Sure there maybe some LMI payable but it is a Tax deductible expense.

Anz certainly aren’t up there with the best when it comes to serviceability or indeed “cash out”.

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Yours in Finance

Being a Commercial property doesn’t necessarily mean you get charged a darn site more just means you will need a greater deposit to start with.

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Yours in Finance

Hi Jary

Firstly welcome to the forum and I hope you enjoy your time with us.

I hate to say I am not convinced you would get a 95% lvr being your first IP purchase as you won’t stack up well on credit scoring and without owning other property unlikely the mortgage insurers will approve it.

You are also correct that with the odd exception all…[Read more]

Sorry Jasmine that statement is clearly not correct.

There are more benefits for the client if they invest in new property or off the plan

If the property is 1 month old then the difference in Tax deductible claims i.e Depreciation benefits / Capital allowance are almost identical.

The Stamp Duty saving on the Transfer only applies to…[Read more]

There is no reason to think they would call in the loan if the account conduct was satisfactory and the property values were maintained.

Nothing to stop him using the funds for any purpose at all.

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Yours in Finance

Sorry one quick question Jasmine.

Does your Company ever recommend a second hand property.

Even something 3-6 months old ?

Be interested to read the answer.

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Yours in Finance

How did we guess Jasmine ?

Maybe it was the promotion of your employers services on your maiden post.

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Yours in Finance

Hi Glenn

I have one or two or 40 properties in Brisbane and it is a big City.

Which part of town is your property in ?

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Yours in Finance

Hi Kendall

Good to see you on the forum and not just in a coffee shop lol.

I don’t think you can’t go too far wrong with Toowoomba especially seeing you know the area well with the family connection.

Still seeing a lot of deals there that stack up well.

Cheers

Yours in Finance