Hi fullout

Yes wrapping a block of land is like wrapping any other property.

I have done it on more than 1 occassion as long as the wrappee understand that they will not be able to construct on the block unless you are paid out.

Email me if you need some more details

Cheers Richard

Ph: (07) 3720…[Read more]

Flash

I will make that call.

Cheers Richard

Ph: (07) 3720 1888
richard@yourstatefinance.com
http://www.yourstatefinance.com

IP funding and US property finance
our speciality

No worries.

If you end up wrapping in Qld feel free to email me as i have done one or two.

Cheers Richard

Ph: (07) 3720 1888
richard@yourstatefinance.com
http://www.yourstatefinance.com

IP funding and US property finance
our speciality

pete r

I own my own properties in the US and have done so for 20 years back from my UK days so i havent purchased a property through Westan or Alvin.

In saying that I have I believe helped over 50 of their clients in arranging finance in the US and not a single one of them has ever had a bad word to say.

Cheers Richard

Ph: (07) 3720…[Read more]

For honesty and integrity I don’t think you can go past either of these guys.

Cheers Richard

Ph: (07) 3720 1888
richard@yourstatefinance.com
http://www.yourstatefinance.com

IP funding and US property finance
our speciality

FF Comm

Hate say old mate i think you are wrong on your selection of lenders.

Macquarie mortgage insure ever loan and they certainly don’t and or do Homeside.

On the insurance side you might like to check out CGU / Aus Unity. NRMA do not.

Cheers Richard

Ph: (07) 3720 1888
richard@yourstatefinance.com
http://www.yourstatefinance.com

IP funding and…[Read more]

Have you considered looking further a field.

I find the US is an excellent market for +cash flow properties

Cheers Richard

Ph: (07) 3720 1888
richard@yourstatefinance.com
http://www.yourstatefinance.com

IP funding and US property finance
our speciality

Hi dallas

Couple of things i would do is:

1) Maybe take an option on the parcel of land adjoining your property and make the option subject to a satifactory DA for the total subdivision. This will save you having to settle on it although in WA I believe you still stamp duty on the Option.

2) Yes Development Finance is a consideration but on a…[Read more]

Think you may find a lot of her inspiration came from Dolf Du Roos.

He certainly now has an admiration for her success in assisting woman realise there goals

Cheers Richard

Ph: (07) 3720 1888
richard@yourstatefinance.com
http://www.yourstatefinance.com

IP funding and US property finance
our speciality

Simon is right you could ask a dozen brokers and get a varying number of answers.

Remember the lowest interest rate in not necessarily the best deal for you. A good broker wil take into consideration you goals and aims for the future as well as you income and spending pattern.

I think what brokers get a little fed up with especially with some of…[Read more]

Hi gattaga,

You dont mention whether you are a first time buyer or not but on the assumption that you are you may qualify for a 100% or 106% loan.

If you have the serviceability then the interest rates are not too bad. An alternative would be a personal loan / crdit card for the deposit and then go for a 90/10 loan.

Another option is to see if…[Read more]

Luke

Glad to hear you survived the flight and made it to the land of the white cloud.

Hear from you when you get back with all the deals.

If you get chance try and ring Westan or Alvin in Invercargill they are always great for advise and assistance.

Cheers Richard

Ph: (07) 3720 1888
richard@yourstatefinance.com
http://www.yourstatefinance.com

IP…[Read more]

Cata would have more experience than me but every Trust I have been involved in has provisions for changes in the Deed by way of a minute.

What happens when you have more kids.

Cheers Richard

Ph: (07) 3720 1888
richard@yourstatefinance.com
http://www.yourstatefinance.com

IP funding and US property finance
our speciality

Carol

Also bear in mind that wraps in SA are a no no.

Cheers Richard

Ph: (07) 3720 1888
richard@yourstatefinance.com
http://www.yourstatefinance.com

IP funding and US property finance
our speciality

Hi Bear

Paul is right if you have limited capital you will be severally restricted on the number of wraps you can undertake.

I guess when we started in 1996 we were lucky that there was 3 of us in the business with very good equity in properties and the Banks were accomadating in getting it off the ground.

90% or even 95% + is available and…[Read more]

Hi Jim

Firsly welcome to the forum and I am immediately very jealous of you living in the wine capital of the world.

You mention that debt serviceability is a problem but then you are looking at purchasing an income producing asset in a share portfolio.

The portfolio will I assume be a mix of shares which are likely to offer a dividend and the…[Read more]

1 bedroom unit in a serviced block is an interesting financing proposition.

Many lenders will not touch them full stop however other vary between 50/80% depending on the size of the unit.

I have just financed 2 up at Bargara and we got 70% LVR on both of these.

I guess the question is if you can afford to put the 30% odd of equity in you will…[Read more]

NO

It will not have been done.
Anz won’t even lend on NZ property here in Oz.

Cheers Richard

Ph: (07) 3720 1888
richard@yourstatefinance.com
http://www.yourstatefinance.com

IP funding and US property finance
our speciality

We deal with both lenders at National level with our wrapping business and I think someone may have confused you.

NAB and ANZ Bank will not lend here in Oz taking a Japanese property as security or vice Versa.

They may well have set up a LOC in either Country for the purposes of purchasing in another but certainly will never take the security in…[Read more]

C2

Yes both the Anz and NAB have representation in Japan but neither of them will take Japanese security into consideration for lending in Oz or the Australian security into consideration when you are seeking a loan in Japan.

Cheers Richard

Ph: (07) 3720 1888
richard@yourstatefinance.com
http://www.yourstatefinance.com

IP funding and US property…[Read more]