Going to need deep pockets to fund the deposit as lenders do not like this type of security post Childers.

The other consideration is insurance as this will eat into your gross returns.

Cheers

Yours in Finance

CBA will not do 95% lvr on an IP if you do not own any other properties or if you are not an existing CBA customer.

Cheers

Yours in Finance

Hi Abundantone

Simple answer is Yes and there is no difference to taking out a Private loan or a loan from an established lending institution.

A formal loan agreement would be drawn up setting out the Terms & Conditions of the advance and your would claim the interest paid as a deductible expense.

In turn your hubby would declare this as…[Read more]

Firstly you wouldn’t get 95% lend on 4/5 properties so don’t waste time going down that path.

As Jacqui wisely said it depends on a number of factors and what is right for one member would not be right for another with totally different aims and objectives.

I own 43 properties in a variety of entities and with next to no debt (in fact Nil from…[Read more]

3 defaults marks out any standard lender for the next couple of years to non standard lenders only.

As far as I am aware only 2 that would do 92% on such a deal and one of the wouldn’t do construction.

Going to also need funds for their risk fees, applic etc.

Cheers

Yours in Finance

Our clients who have subscribed to Units within one of our Investment Trusts are getting upto 24% per annum paid monthly.

Many forum members have subscribed and enjoying their monthly payments so whilst I appreciate it difficult to compare apples with apples I know where I am sticking my funds at the moment.

Cheers

Yours in Finance

Eagle, many ways to skin a cat.

Yes you can do a deal using your last years Tax Return information as long as you have been in business for 2 years plus.

More information needed to ascertain what could be done.

Cheers

Yours in Finance

Hate to say Darryl is so much in demand that is the problem.

Worth persuing though.

We have a couple of deals going with him at the moment.

Cheers

Yours in Finance

DM A Deed of Partioning certainly sounds like the way to go to me.

Rather concerning that your current lawyer can’t do this for you. Perrsonally i would stop there and get some proper legal advice.

Darryl Richards (who is a regular forum member) is both a highly experiences Lawyer and Town Planner and eats this sort of stuff for breakfast.

Give…[Read more]

Buy a property (It doesn’t really matter whether it is an IP or PPOR) and link it to an external income generator.

Get the balance of your money working for you at a higher interest rate that the interest you are being charged on the loan.

This will increase both your Asset base and income.

Cheers

Yours in Finance

We see it all day long. Clients with good Asset positions and limited income evidence (on paper).

There are many ways around this especially in the Commercial sphere.

Lodoc and lease doc is very much alive and well.

Further information would be required in order to give a more accurate picture.

Cheers

Yours in Finance

With 600K to spend (not convinced i would spent the full amount on a single property) you could certainly look at spreading your risk and buying a couple.

Being a local Brisbane lad my preference would be Springfield, Redbank Plains, and the Waterford in that order although there are plenty of other better suburbs depending on what you wanting to…[Read more]

Welcome Missy and nice to see a fellow Queenslander on the forum. I was getting a complex about being outnumbered from down South.

With the equity that you have don’t worry about the probation period as this is easily overcome in regards to the financing of your future purchases.

I often get asked by forum members how i managed to build up 40…[Read more]

As Jamie said a decent broker knows the market well enough and has contact with his BDM to update him on what is available.

Cheers

Yours in Finance

Hate to say it is so common it is not funny.

The big Banks at the moment are so focused on trying to get you to lock in your loan on a long term fixed rate that correct advice is secondary.

Retention departments have been told to work on locking in clients so they can’t get away the longer the better.

Sad reflection on the industry at the…[Read more]

Steve straight forward Nodoc finance deal. Not a lot required to get such a deal over the line.

Cheers

Yours in Finance

Hi Ollie

No hate to say that’s a big No.

Can’t transfer an existing residential property owned by you or a related party to the SMSF.

Commercial property is a different story.

Cheers

Yours in Finance

Hi Camp

Just make sure any professional adviser hasn’t got a personal agenda.

As am adviser I see it every day of the week.

Must admit I am down in Sydney a bit seeing forum clients so might send you a PM next time I am down to see if the diaries line up.

Cheers

Yours in Finance

No and politicians definitely aren’t exempt.

In fact they get charged double lol.

Cheers

Yours in Funance