Nath

Banks go past 80% LVR on a LOC and dependant on the security type 70/75 or even 80% is not out of the question for a Commercial property.

Cheers Richard

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

IP funding and US property finance
our speciality

Carl

The offer stil stands please feel free to email me with a little more information and i will be happy to point you in the right direction.

Cheers Richard

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

IP funding and US property finance
our speciality

Carl

Yes it certainly can be done that way.

Some lenders will require the Trust hold an ABN for a minimum of 2 years which is obviously not going to be the case if the Trust is new.

Other allow the ABN to be registerd for 1 day.

If you care to email me more details i would be happy to point you in the right direction.

Cheers Richard

Ph: (07)…[Read more]

Jacob

I am with Simon on this one.

As a Commercial loan $40K is a very small loan and most lenders would struggle to even want to consider something this size.

Have you considered asking the Vendor to finance it for you.

Alternatively any family members who would be happy to utilise their security on your behalf.

Cheers Richard

Ph: (07) 3720…[Read more]

Hi Oct

Welcome to the forum.

Buyers agents can play an important for any investor irrespective of their experience.

A Buyers Agent can source property that may bring a better return through higher cash flow or capital growth.

Sure if you now the area that you wish to invest in and can spend time going to carry out the due diligence then you…[Read more]

Vernon

Don’t think you are talking to the right people.

Cheers Richard

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

IP funding and US property finance
our speciality

Hi Op

Steve has already answered the equity question so i will not go over old groud.

With regards to your Superanuation I assuming you are referring to a Self Managed Super Fund. Yes you can certainly invest in property however just bear in mind that the fund cannot borrow funds in any form or shape and cannot be seen to carry on a business.

I…[Read more]

Donna

Can certainly assit you with the finance for a US purchase and point you in the right direction for establishing an LLC.

What i would say however is that you will not finance a residential purchase in the name of an LLC in NY State first up.

Email me if you require additional details.

Cheers Richard

Ph: (07) 3720…[Read more]

Hi Kiwi

Would be happy to assist if you want to email me what you are after.

Cheers Richard

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

IP funding and US property finance
our speciality

Hi PP

Good on you for having a go and trying to get ahead.

Lending on a a development site is a little different to a standard residential IP lend.

Firstly the time frame between land acquisition and settlement can be a least 12 months on the basis that your Development Approval is already in place.

More than likely it will not be and you will…[Read more]

Almost forgot – if we where to get a fine day would it possible for you blokes to play both Tate & Gillespie.

In fact if you have any other topline bowlers bring them in and give Warne and Lee a break.

Cheers Richard

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

IP funding and US property finance
our speciality

Hi Flash

It has been a sad 20 years for me mate so my time in the sun is coming.

And did no one tell you rain is forecast for all 5 days for the 5th.

Oh at long last to be an Englander.

Cheers Richard

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

IP funding and US property finance
our speciality

Daniel

Just wonder if you would like the name of my charity so you can send the first $50 to.

Seems this topic has all gone quiet – where are you all.

Who cares if it rains for 5 days in the 5th Test.

Cheers Richard

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

IP funding and US property finance
our speciality

Jarrod

We are trying to start one in Brissie so will keep you posted. Will save the travel South.

Cheers Richard

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

IP funding and US property finance
our speciality

Hi Vernon

On the basis that the land is residential and normal size block then you would be able to get upto 97% LVR assuming that you intend to build on the block within 12 months.

If not then i will probably be down to 90%.

If you have a block in mind and you want us to check it out to ensure the post code is acceptable then please email…[Read more]

Heh Guys

What has happened it has all gone quiet overnight.

Don’t worry I fancy Shaun Tate to save you with the bat. Perhaps, Warnie better learn to keep his comments about the pitch to himself in future

So much for there is “no movement” its called swing boys.

I only get chance once every 20 years to gloat so i am getting my moneys…[Read more]

Heh Steve

Yes Shaun Tate is promising.

Playing English Country Cricket last year his first appearance he conceded 176 runs off 18 over for 0 wickets. Thats not bad thats only 9.78 an over.

If the extras arent scored that quickly.

Please bring back Gillespie all is forgiven.

Cheers Richard

Ph: (07) 3720…[Read more]

Anz would certainly do 80% if they are strata titled but would limit LVR to 65% if in one line.

We have several funders who would do 80% for a non strated block with rates not far off residential.

Cheers Richard

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

IP funding and US property finance
our speciality

If all stacks up i can’t see a problem with financing a deal like this.

Cheers Richard

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

IP funding and US property finance
our speciality

Hi Dan

You don’t mention that you have a loan over your PPOR so we will assume that is a NO.

Why not:

1) Get your lender to revalue the 1st IP assume $170K and then taking the purchase price of the 2nd IP of $150K gives you total security value of $320K.

80% of 320K = $256K less existing loan of $119K gives you additional borrowing of $137K.…[Read more]