I have done them with Firstmac at 90% before.

Cheers

Yours in Finance

Hi Joe

Welcome to the forum and hope you enjoy your time with us.

Good for you in having taken steps to financial freedom.

In saying this i am not sure i would rush out and buy as many properties as you can on the basis you hope they increase in value within the next 2 years as the entry and exit costs will erode your potential profits.

I…[Read more]

That coupled with the fact that the premium itself is deductible over 5 years or the term of the loan whichever is lesser.

Cheers

Yours in Finance

Hi Chris

Yes both my API interview and the joint interview myself and my partner Jacqui (JacM) did are available on our website.

Cheers

Yours in Finance

Hi Swift

I don’t have an issue with what you want to do and think if it gives you comfort and peace of mind there is no issue with it.

I do however suggest you seek some professional advice in regards to the loan restructure as you could certainly save a considerable amount on the interest rate which would result in reduced repayments.

I would…[Read more]

Hi Slavik

Good to hear.

You won’t go to far wrong there as half the forum uses them.

I must have referred a couple of hundred forum clients over the last 13 years and all have been very happy.

Cheers

Yours in Finance

Hi Tanjimh

Hope you are keeping well.

Yes sure Accountants details – Steve Hodgkinson at Gold Business Group at Southpport.

Steve is a forum member but is so busy giving members advice doesn’t get much chance to post these days.

Tell him i sent you down and i am sure he will look after you.

Cheers

Yours in Finance

Hi bns

Firstly congratulations you are really in a great position to set yourself up for financial security.

Yes you are right here in Brissie you don’t get much bang for your buck.

In saying that structured correctly there is no reason why you cannot achieve a good mix of assets.
enabled me to retire 10 years ago the same principals apply…[Read more]

Hi Chris

Both entities have different qualities and different considerations.

You can’t really compare like with like.

I am a strong advocate of Self Managed Super and have ran my own since 1996.

Be surprised how many forum clients over the last 10 years we have helped with their SMSF requirements.

Certainly is flavour of month and in my…[Read more]

Pleasure James and most of us old hands don’t bite…

Cheers

Yours in Finance

Hate to say with the change in the BCC Town Plan there are dozens of potential development sites now available.

We are certainly not paying over the odds for any potential site.

Cheers

Yours in Finance

Agree A/c seems expensive.

Double the amount quoted and you could have gone deducted throughout.

Cheers

Yours in Finance

Yes the interest would be Tax deductible at the rate your Mother in law is charging you.

I assume that this is the same rate as she is paying on her loan.

Fairly standard way of structuring.

Cheers

Yours in Finance

I am sure they either charge for their wonderful magic service or have something they sell you along the way.

There are many ways to reduce your non tax deductible debt but buying over priced new property thru a marketing firm or refinancing to a line of credit etc are not recommended.

Cheers

Yours in Finance

Hi James

Welcome to the forum and i hope you enjoy your time with us.

Ensure that the sub loan secured against your PPOR is a separate loan and then you can look at a standalone loan on the new IP.

With the equity you have in your PPOR you could always look at increasing the sub loan and looking at investing in a higher cash flow investment at…[Read more]

Thanks Jamie appreciate the comment.

Jac is not buying in Newcastle at the moment but covering plenty of other areas.

Cheers

Yours in Finance

Hi David
Big difference between a loan adviser or mortgage broker / financial planner so make sure you don’t mix up the 2 roles.

Some of us are also Financial Planners but in the main they perform different functions.

Probably need to see a Financial Planner face to face but not so a loan adviser / mortgage broker.

Cheers

Yours in Finance

At a 70% lvr you should be able to obtain a competitive rate especially if you are looking at fixing the rate.

Done a couple of deals recently in the mid 5’s.

Cheers

Yours in Finance

Hi Stephan

It will depend on the lender.

Some lenders will service the external borrowings at the actual rate / repayment whilst others will calculate it using a sensitised rate.

Your Broker will be able to advise you.

Cheers

Yours in Finance

Nope wont help the situation at all unless they are also party to the Title.

We do a lot of short term finance deals for flippers and developers.

Sure the rate of interest is not cheap but you factor it in to your profit.

Cheers

Yours in Finance