Hi Devilcv8

Yes like Terry i must admit i was suprised you havent decided to get a lender to fund a portion of the investment.

Depending on whether the franchise is recognised by the lender i have done deals upto 70/75% of the value. Admitedly they need to be an acceptable name.

Cheers…[Read more]

Hi Beegee

I agree with a lot of the posts already put forward. Dont wait until you have paid of your home loan before you start investing.

With net income around the $10K a month mark you should ensure that you loans are set up to maximise the interest savings.

By all means utilise the available equity in your PPOR to start investing but also…[Read more]

I think you would find no shortage of tenants and a list as long as your arm to rent.

Whilst, you certainly dont want any particular damage to the property i beleive that the housing commission if they are fronting the bond will look after minor repairs like a broken window after then tenants move on.

Cheers…[Read more]

Hi Mum

Sorry are you authorised to offer this investment advice?
Just curious.

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

IP funding and US property finance
our speciality

HI GG

Whilst population and post code has a bearing on lending areas this usually only applies when mortgage insurance is required.

With the majority of traditional lenders there is no boundary albeit property size i.e large acreage and remote locations might put them off.

With securitised lenders who mortgage insurer every loan then their are…[Read more]

Hi IV

Neo is right any interest you receive in a high interest bearing account is taxable and thefore the value is dimished.

Why don’t you establish a 100% offset account alongside the PPOR home loan and deposit every cent into this. This includes your salary, rents from the IP and any other form of income.

This way you will receive the same…[Read more]

Jacob

Same story. This link might help answer any further questions
http://www.firb.gov.au/content/default.asp

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

IP funding and US property finance
our speciality

Hi Vanessa

Welcome first to a fellow Pom to the forum.

The question has a split answer:

1) Whether you can actually invest in Australia in the first place.
2) Whether you can obtain a loan from a Australian lender.

In summary:

Answer 1) Foreign persons temporarily resident in Australia for a period exceeding 12 months from the time of…[Read more]

Straight from the horses mouth.

David Devine and I play golf together at RQ and have done for over 6 years.

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

IP funding and US property finance
our speciality

Why not consider wrapping it.

The instalment repayments on say $135K are not that much more that the gross rent for a tenant although you are increasing your case flow.

There is nothing to stop you utilising the equity in the properties for a nother project and then wrapping them.

You might even find that the existing tenants would be…[Read more]

GR is right lodoc and nodoc loans have a place but often clients assume thats what they need when a good broker can often find a lender to take the deal without paying a higher rate of interest.

This day and age interest rates and conditions on these type of products can vary considerably.

You are required to retain your business records for 7…[Read more]

Ron

Merryl Lynch provide the wholesale funding for First Perm.

The normal Devine homes 100% lend is done through a development guarantee where Bank SA who are owned by SGB fund the loan on the basis that the Devine offer a CD based on a percentage of the loan book.

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

IP funding…[Read more]

Jim

First Permanent is owned by Devine Homes a good old local Brisbane company.

They are the pioneers of the no deposit home loan where they even pay your stamp duty and all of your legals where you build a home through then.

The fact that the want you to refinance asap would have nothing to do with the fact they have a considerable cash bond…[Read more]

Phana

PP is correct in Qld always make your contract “subject to finance”.

Whilst, at long last we have the “Cooling Off Period” in Qld some agents / vendors will try and get you to get your Lawyers to waive this.

Remember if you cancel a contract by using the Cooling Off period there is a 0.25% penalty.

Don’t rush into things even if you have…[Read more]

Ozi

You can always consider a US Tax Lien as a return on your investment.

I am working on a short publication which may assist buyers in this area. Will post as soon as it has been completed.

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

IP funding and US property finance
our speciality

If it was Qld i could tell you in a flash.

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

IP funding and US property finance
our speciality

Hi lalonga

What do you think each unit in its current State would fetch assuming they were strate titled.

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

IP funding and US property finance
our speciality

Hi Pkluge

I am based in Western Suburbs of Brissie and have finance many of the single bedroom units in Brisbane CBD and surrounds.

Also i finished developing 24 1 bedroom units in Taringa at the start of the year and can give you some feedback on price v yield.

If you want to email me the address i can give you an honest opinion.

Cheers…[Read more]

Clea

I am based in Western Suburbs of Brissie. If you want to email me the suburb and estate i can give you an honest opinion of what i think of the area.

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

IP funding and US property finance
our speciality

Which State are you in and which State are you looking in?

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

IP funding and US property finance
our speciality