HI MC

Feel free to email me with questions if i can assist.

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

IP funding and US property finance
our speciality

Rick

Not sure at what exactly you are referring to but I arrange finance for Australian and NZ resident wishing to purchase IP in the US.

If i can be of assistance please feel free to email me.

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

IP funding and US property finance
our speciality

184 held in Qld all wrapped or with some form of Vendor Finance.

Like Robert i believe it is time to take a break from direct property investment and believe you can direct your capital to higher earning yields elsewhere.

Oh by the way 2 still in the SE of England and 4 properties in California which i have had for 20 years.

Cheers…[Read more]

Richard is the better looking one of the 2 of us.

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

IP funding and US property finance
our speciality

Maruco

In Qld you should try a License to Occupy rather than a Lease Option.

Some deaf changes would get around some of the issues you raised.

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

IP funding and US property finance
our speciality

Dependant on which State you are in, one way around this in future deals would be to utilise an Call Option rather than go straight to Contract on the property.

Certain States are introducing Stamp Duty on Option Contract so check it out first.

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

IP funding and US property…[Read more]

Robert is right. A lodoc loan means that the the lender normally does not require full verification of your income it does not give you broker cart blanche to make up a figure.

If on paper you are showing $17,000 i presume this is becasue your net taxable income is $17,000.

A lodoc loan may not be the way to go but a NO DOC loan may well…[Read more]

Hi Simon

Good on you to consider an investment away from you immediate confort area.

Coming originally from the UK you can certainly get a better rate of return that here in OZ but remember there are a large parts of the Country where you just wouldn’t buy. In the UK with the new FS rules you would not get more than 80% on a Buy To Let mortgage.…[Read more]

As both Robert and Simon have pointed out irrespective of what income you are receiving on Workers Compensation it will not be taken into consideration for lending purposes.

65% No Doc will be your limit at the moment.

Cheers Richard richard@yourstatefinance.com

http://www.yourstatefinance.com

Development Finance & US Finance our speciality.

To me you can’t go past someone like Westan or Mic at AHH.

Think outside the square and listen to someone who has actually invested their own money in areas away from Australia rather than a typical licensed Australia Real Estate agent who merely is interested in a commission when he sells you something he has listed.

Cheers Richard…[Read more]

Matt is bang on in his calculations.

60% GFA if within 400 metres of train station subject to other issues of course.

You may wish to consider moving the old house and refurbishing it and utilising the balance of the land.

You might even get 3 x 3 bedroom and the house or 2×3 + 1×2. The house will have more value than a single land site and you…[Read more]

Certainly the Trade Exchanges would never admit their is a secondary market and would condone such activity.

However i can tell you it is alive and well. Try and contact someone who consider is holding either a large amount of Trade Dollars and is keen to offload or alternatviely a very small amount of Trade Dollars too small to make it worth…[Read more]

Unfortunately not.

Cheers Richard richard@yourstatefinance.com
http://www.yourstatefinance.com
Development Finance & US Finance our speciality.

Gilad

Dependant on the type of property you could obtain between 70-80% of valuation maybe slightly less if it was a specialised security.

This means 20-30% deposit enough for acquisitions costs and subject to income you are in with a shoot.

Credit history is important for a higher lvr although the history of the tenant is probably just as…[Read more]

Retired full time at 39 but after spending 2 years playing golf each day and dropping kids to school and rushing home to catch lunchtime shows such as Dr Phil i am going back into the workforce for a break.

My father told me you need to plan for retirement or you get bored and how right he was. At least if I go back to work I can have an excuse…[Read more]

Hi Allan

For someone who has been involved in the development market in Brisbane and SE Qld for the last 11 years I dont think you question is foolish.

Certainly Brisbane and the surrounding suburbs have seen the number of viable development opportunities diminish and a lot of developers including ourselves land bank property until the market…[Read more]

Heh Apostle

Steady about knocking your Qld counterparts.
We have very strict rules the pegs have to be a least a metre apart.

Cheers Richard
richard at yourstatefinance.com
Email me for details of our new 110% private lending throughout Qld

Megan

If you care to email me through the details of the client and the property we will have a look and see if we can assist.

Cheers Richard
richard at yourstatefinance.com
Email me for details of our new 110% private lending throughout Qld

Terry

Oh no with that news we are about to get invaded again with an influx of Southern migrants.

I can see them queuing now at Cooloogatta to lodge their visa applications.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Cata

I don’t want to argue with you but in Qld your idea of a Novation Agreement will not work the Stamps Act is quiet clear on that.

The only thing I know in Qld that will work is an Assignment Letter.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.