KP

A call option will only work if the developer will accept such instrument which i very much doubt.

From what you state the buyer is unable to purchase and resell it as a vacant block of land so reselling is not an option.

One consideration would be to purchase it in a Pty Ltd name and then you purchase the shares in the company.

As long as…[Read more]

Spoodle

Have done 1 or 2 deals like this.

Firstly have you checked with your broker and asked him to try another MI.

Unless the property is specialised or in an unacceptable post code I am unsure as to why it was declined.

If this does not work then i would suggest that you offer the Vendor say simple interest at say 7% PA over say a 2/3 year…[Read more]

Carl

I assume you are referring to a situation where your g/f and her mother purchased the property as Tenants in Common as you refer to her 1% split.

If your mother is looking at purchasing out her interest in the property then she will be required to pay stamp duty on the increased value of the share.

I am sure each State varies but in Qld…[Read more]

mcubed

Wow before you rush in to start construction i would be checking that you actaully own the space below the unit.

I have done many of these in and around Brissie but on old Qlders. In a unit you will need to check a couple of things:

1) Original Building Unit plan to see what you are actaully buying. You Soliciotr should also help you…[Read more]

Overview

LPT managers invest in a portfolio of investment grade commercial real estate to generate high yielding returns for investors,
and along with buying and selling properties in line with their investment strategy.

LPTs are viewed as a substitute for direct property investing, with enhanced liquidity. They are the only property funds…[Read more]

Carly matt

Xenia was the first one to respond to you within 8 minutes of your post.

Xenia is based in Adelaide and has offered to add you to her email list with details of local investor groups.

You posted a request for information and assistance and from what I can read that’s exactly what you have received.

It is it difficult for anyone to…[Read more]

Hi onewayup

I have never heard of anything so ridiculous in my life.

If you hold Aussie Citizenship and Residency then arranging finance to 90 or even 95% shouldnt be a problem.

I do many loans for clients from the UK who are Aussies and looking to buy back home.

Feel free to email me and i can give you a few options.

Cheers…[Read more]

Hi meak

Yes to a cetain extent your broker is correct it can be treated as non standard security however in saying that merely means you are unlike to get mortgage insurance on the loan.

Dependant on the post code and as long as the property is located in a major town or city then you should get 80%.

Cheers…[Read more]

Grreg

Yes financing as an owner builder can be not only be a little harder but also the number of hoops you need to jump through can often be numerous.

Rule of thumb is you will be limited to around 80% LVR although in saying that we have done 1 or 2 at 90% where GE have provided LMI. However in saying all this from the figures you have given…[Read more]

HD

It was in fact me he posted that.

In Qld if you are signing on behalf of someone else i.e a Pty Ltd Company etc then you can use a nomination letter and transfer the actual name to the purchase contract at a later date.

This will avoid S/D however i am unsure as to the requirements in VIC.

Cheers…[Read more]

Steven

Thank you for that compliment and referal.

Your $50 dollars is in the mail.

Cheers Richard

richard@yourstatefinance.com
http://www.yourstatefinance.com

Specialising in US & IP finance.

KLH

Ring Melville McGregor Lawyers who are at Beenleigh. They have been our lawyers for over 11 years and specialise in conveyancing covering the whole of the Gold Coast and Brisbane.

Speak to Leonnie who can be reached on 3382 9222.

Tell her Richard told you to ring.

Cheers…[Read more]

Feel free to email me.

Cheers Richard

richard@yourstatefinance.com
http://www.yourstatefinance.com

Specialising in US & IP finance.

Jim

Xenia is right. Why not take things one step at a time.

One of your goals is to buy a development site and i assume develop it. You mention that you intend to put $100K into the project.

I have to say that unless you have experience in this field you will struggle to find a lender advance funds on a furst project of this size.

Secondly you…[Read more]

Hi Michelle

Each lender calculates its serviceability diferently so you may find what you qualify for with 1 lender will difer with another.

Some lenders add back the negative gearing element and others take a higher percentage of rental income into consideration.

If you have good equity then thee are often ways around serviceability…[Read more]

Thanks very much for the compliment Xenia i always try and offer clients the best advice for them and not what benefits me.

Funnily enough Jenny I have just done an application this week for a client who purchased an old queenslander house sitting across 2 lots. .

The house is to removed and 2 houses to built side by side. One to be occupied as…[Read more]

Xenia is correct it all depends on which State you are in.

In Qld “and or nominee” is not acceptable so you would need to utilise a standard Call Option.

Keeping it in “and or nominee” means double duty in the Sunshine State.

Cheers Richard

richard@yourstatefinance.com
http://www.yourstatefinance.com

Specialising in US & IP finance.

Xenia is correct it all depends on which State you are in.

In Qld “and or nominee” is not acceptable so you would need to utilise a standard Call Option.

Keeping it in “and or nominee” means double duty in the Sunshine State.

Cheers Richard

richard@yourstatefinance.com
http://www.yourstatefinance.com

Specialising in US & IP finance.

Financing property under 50 Sq M isn’t a problem it all depends on what percentage you want to borrow.

Cheers Richard

richard@yourstatefinance.com
http://www.yourstatefinance.com

Specialising in US & IP finance.

Regrow

As per sommersoft.

Not sure of the amount of your refinance but if you are quick St G in Qld have waived their application fees on their LOC and that maybe preferable than trying to get them to extend a loan to place in your offset a/c.

If the loan is large enough the rate of inertest maybe cheaper.

ANZ Bank will not care where the…[Read more]