Hard to know whether it will cross collateralised as this will depend on your employer and the terms of the loan they approved.

Accessing equity will mean a sub loan secured against the equity however the sub loan will need to be in the same name as the current Title holders.

Your Sister is going to have be borrower even though she may get no…[Read more]

Of course not all desktop valuations will come up to what you expect so a matter of carefully choosing which way you go.

CBA would have to the worst lender for equity release out there.

ANZ are so so but their serviceability model causes most serious investors to fail the affordability very early in their investing career.

Cheers

Yours in Finance

In Qld there is a concessionary Stamp Duty rate on every property you purchase as a PPOR.

Not quite as generous as the 500K exemption you get when you buy your very first property but still very generous.

Cheers

Yours in Finance

I agree with Wilko save up a few dollars and do a project or 3 yourself and get some runs on the board.

Any serious investor isn’t going to do a JV just because you have spent a dollar or two in setting up a basic structure.

I would get an email or a phone call or two from forum members a week asking me if we would JV them or invest in their…[Read more]

I guess when you have been in the industry as long as i have you have seen all sorts of clients.

I still have a number of forum clients from 2002 when Steve started the forum who we have partnered with them to help then build their own substantial property portfolios.

I consider part of my job is to help and educate a borrower and investor and…[Read more]

Hi Mick

Hate to say that is actually not correct the Security Trustee Company can be the Corporate Trustee of a number of Bare Trusts.

Cheers

Yours in Finance

Hi sundipb

I see you are quite new to the forums. Welcome, and I hope you enjoy your time with us.

As Jamie has mentioned, if there is any possibility you may convert your PPOR to an IP, then it would be best to stop paying down the debt but instead pay into an offset account. This will allow you the flexibility of maximizing what your money…[Read more]

Hi Hot Stuff

Welcome, and I hope you enjoy your time with us.

Excluding the $30k you plan to use for the renovation, that leaves $50k in your offset. If you take that $50k out to fund a deposit on a subsequent property, you will increase the interest payable on your existing property.

A more comfortable way of achieving your goal may be to…[Read more]

Hi Renovator

How much of you own cash are you tipping in to the deal and what sorts of rates of return are you expecting.

We offer investors between 1.75%-2% per month on some of our investment products and personally tip around $10M.

Be in interested to see how much you are putting in to the deal or what other investors expect.

Cheers

Yours…[Read more]

I would hardly say plenty but there a few who will accept an Accountants declaration solely.

Most want 2 from 3 Accountants letter / BAS / 6 months trading statements.

Cheers

Yours in Finance

Sorry have to disagree you won’t get an unsecured personal loan for 10% of the purchase plus acquisition costs even if you do have a half decent income.

Without Asset backing your scorecard will never get you over the line.

Also only aware of 2 lenders that although will accept non gen savings allow for a borrowed deposit.

Cheers

Yours in Finance

No 5% of an extended period is fine.

Cheers

Yours in Finance

Hi Magic

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

Obtaining a 95% lvr is going to be extremely difficult unless you have other property as it won’t score well with the Mortgage insurers.

Certainly if your parents are prepared to gift you a deposit then that will be fine however they will need to sign a Stat Dec stating that…[Read more]

Hi Tom

No makes no difference at all.

TD is Term Deposit.

Cheers

Yours in Finance

Hi Science

That post was from some years ago after the API interview i did.

Subsequently we have developed a number of properties away from Brisbane.

Cheers

Yours in Finance

That also goes for any of the initial buying costs such as Transfer Stamp Duty and Legal costs.

Cheers

Yours in Finance

Whilst education might be useful without a combination of equity/cash and income you have no chance in financing a decent sized development.

We get inundated each and every week with enquiries from forum clients who want to finance development deals and whilst we do a fair amount many clients don’t like the rate of interest / fees you quote them…[Read more]

If you have cash to put down and were thinking of going to an 80% lvr then why wouldn’t you go 100% lend with a TD collateral.

Certainly the easiest way of accessing future growth in the property without the additional costs of LMI.

At 95% the LMI costs start to become rather expensive and only deductible at the highest rate you pay…[Read more]

St George go to 85% and a couple of other lenders go to 90% lvr so not that difficult to finance.

CBA would be one I would steer clear of for Company Title financing because of a couple of other issues.

Cheers

Yours in Finance