Having purchased several properties in the US over the last 5 years I am working on a new finance facility where Aussie buyers will be able to purchase a US Investment property and repay their loan repayments in Aus $ rather than US #.

Just a few complication with my US Bankers to iron out and i will post the details here.

Will be back over in…[Read more]

The new RAMS product may also have a bit of mileage.

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

I am with Robert on this one.

To undertake the practice of having a rebate may not be ilegal however not to disclose it to your financier would certainly be an act of mortgage fraud.

As Robert mentions why not boorow 90% and disclose to the lender that your Vendor is offering 10% vendor finance.

As long as you can show income to service the…[Read more]

Amy i would go back and ask the question does the wrap pack include a sample installment contract and documentation. I have a feeling i now the answer.

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

JJ & Jo

Wrapping in the current market gives you a great opportunity to maximimse returns. As you mention in a rising property market the wrappee get the benefit of any capital growth over and above your installment contract price or loan balance.

In a flat market they are likely to stay with you longer as it takes longer for the property to…[Read more]

Hi Salesh

We have 3/4 medium to large developments around the city which we will phase in over the next 18 months depending on other work and business but at those rate would get your builder to construct them rather than my partner build them.

If you are interested in a referral fee to provide us with his details I would be happy to…[Read more]

Nice to have you on board.

Remember you can always lock any new Investment property purchase on on a fixed rate of interest and take out the worries of interest rates increases.

Let us now if you want a few example rates and i would be happy to pass them on to you.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld…[Read more]

Sailesh

I have to say I am of the same attitude as Andrew.

Having been involved in the Brisbane development market for 11 years and with a partner who was a builder so we actually did the work ourselves I cannot see how you can build a desent bulding for that price.

Anyway good luck.

Cheers Richard
richard at castlewhite.com.au
Email me for…[Read more]

The concept in theory sounds fine.

As someone who has been writing calls for over a decade I can tell you it is hard to get consistent result. A flat market with little volatity is one in which the strategy works best.

Other options rather than cover calls (which are great until the underlying value of your share falls) is to look at a…[Read more]

Terry hate to say i think that page of the site has been removed

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Jason

Whilst i would never put anyone down i think to consider someone who now charges $280 / hour which is more than my Tax Accountant by the way and is not a licensed Financial Adviser is a complete waste of money.

How someone with 12 months of limited development experience can call themself an expert i do not now.

Now if you had been…[Read more]

Jeff

You are always better to be upfront with your wrappee and disclose to them what you are paying for the property as they can always find out.

To build a good relationship be honest and transparent with them and the will respect it.

In our indicative Letters of Offer we provide them with a senario of what they price would be and the likely…[Read more]

Terry

Bantics are on the Sunshine Coast which is a different planet for a brisbanite.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Hi Joanne

Borg is right you will not find any +cash flow property in Brisbane or surrounding suburbs away from the serviced type residential towers etc where you have high body corporate costs or management charges. Those days have long gone.

Personally for your first property I would steer well clear of commercial. You will be confined as to…[Read more]

Which part of Brisbane?

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Hate to say it doesnt quiet work like that.

Each application is indivually assessed both as you as an applicant and the property as the security being offered.

Just because a lender has lent against a property once doesnt mean it will carry it on again.

Policies change and it maybe that the lender is not keen on taking new applications on that…[Read more]

Hi cath

If you are still need further answers please feel free to email me direct. We current have over 184 properties we have wrapped in Qld and helped many other investors start their portfolio.

Happy to answer questions.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Peter

Hopefully you have had your questions answered but feel free to email me if you need any further specific advise on wrapping.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Jeff

I beleive if you purchase the house first you limit your wrappees to those who want to live in your house. If you let the wrappee find the property then they will search and find something they want to live in.

There is a big difference to the way they treat and look after the property. In the all of the years i have been involved in Vendor…[Read more]

Would you like to tell us a little more of what you are doing so we can comment accordingly.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.