Sorry do i read that correctly you are paying nearly $10K for someone to organise for your your finance, conveyancing costs, depreciation schedules and a bit of financial planning.

This doesnt cover the stamp duty x 2 or search etc.

You have to having us on.

Cheers Richard
Ph: 07 3720…[Read more]

Not sure about Victoria but in Qld it is finance on acceptable to terms to the purchaser.

If I arranged her finance at 11% and then turned around and said well you have finance that would be unreasonable.

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

Specialising in US & IP finance.

Yes

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

Specialising in US & IP finance.

Henry

It is as we discussed by email.

80% max LVR on a Company lodoc which has been established for 2 years or more. 70% otherwise.

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

Specialising in US & IP finance.

As one who transacts a reasonable number of commercial applications i agree with Simon that many Commericla Brokers find that they do a lot of work only to find that the client decides not to proceed for some reason or another.

The other reason is often the client has approached his own Banker who tells him that he is unable to assist. When the…[Read more]

Lisa

Just to correct a point you made about CPC.
“the main lender C.P.C will not have anything to do with aussie investors”

CPC is not the main lender in NY State by any means and is in fact a minor player who only lends to US entities. Hence any application must be in a LLC name and not the personal name of an Aussie Investor.

CPC whilst not…[Read more]

One of my best deals was one of my first deals.

Bought a 4 unit complex and a single family dwelling on the beach front in San Juan Capistrano, California in 1985 for USD$ 122,000 the pair.

Bought jointly with my sister when i lived in the UK and only purchased as my auntie lived next door to the property. Our US Bank valued the 2 at well over…[Read more]

Might like to try someone like Wizard or Resi both operate a lodoc 80 scheme

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

Specialising in US & IP finance.

Which suburb?

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

Specialising in US & IP finance.

I am with Paul we transact all of wraps under a similar entity.

Ensure (and i think you are already doing so)that you deal with a good independant broker who is not only experienced with wrap finance but also company structures and trust borrowings.

Cheers Richard
Ph: 07 3720…[Read more]

This is a standard development clause that any developer would use.

Merely enclose a condition that gets the vendor to consent to you preparing and lodging at your expense and application for a Development Approval.

Ensure that the clause allows that the Vendor will sign all necessary documentation in relation to your lodgement.

Of of course…[Read more]

To counter the 11 sec rule we decided to look for properties in Qld where we could onsell under a License to Occupy Contract with a ballon payment similar to shared equity shceme.

Having bought and onsold 6 in the last month we are finding that the +cash flow is still there you just have to adapt to the market.

One of the pluses is that you get…[Read more]

You will claim your input credits each quarter for the amount paid out on construction or other expenses.

The sale price will include GST calculated using the margin scheme and then of course you will have CGT on the profit.

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

Specialising in US & IP finance.

http://www.investorsdirect.com.au/newsletters/082004/trust_magic.htm

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

Specialising in US & IP finance.

Hi Indigo and welcome to the forum.

The answer to this qwuestion would lie in the conditions of the Lease Option.

Normally in most Lease Options or Installment Contracts the express permission of the Seller is required for the property to be sublet.

We include this clause in our contracts and it would need to be a very good reason why we would…[Read more]

seanlisa

I think cameron has misread your post.

“We own our home outright. We would like to buy an apartment to live in, but keep our house and rent it”

In this case under the purpose test the loan will be for a PPOR although an investment property maybe used to borrow against and therefore the interest will not be tax deductible.

I assume…[Read more]

Don & Liz

Obtaining a loan in the US is not that difficult dependant on a couple of things.

If you want to obtain finance you need to stick to a couple of basis rules.

To often we see clients who have purchased the property for cash then look to refinance which is classified as a “cash out refinance” and in some instances reduces the LVR…[Read more]

Guys dont even have enough for a quorum yet common Qld where are you all.

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

Specialising in US & IP finance.

Do a search under the ASIC website and especially the Scams and Investment rip offs section and you will also find some interesting reading.

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

Specialising in US & IP finance.

Bill

The ATO will work out the square metreage area of the block then apportion a value to each block. If one side of the duplex is more important than the other then you could argue the increased value of this area.

The land value as apportioned will become your cost base when calculating out your GST under the margin scheme. As each stage…[Read more]