There are numerous reasons why borrowers seek out a short term loan for business or non business purposes. Whether it be urgent funds required within in a matter of days, or a Nodoc loan for a business or home purchase. Stock acquisition or funding when your Tax return hasn’t been lodged or shows a loss for a variety of reasons. Development…[Read more]

Evening Ecsom

Yes assuming your SMSF Trust Deed allows you to invest in property there is nothing to stop you doing so but the question is why would you do it.

There is no legal requirement forcing you to keep a % of money in the Fund but again as a Trustee or Director of the Trustee Company and acting responsibily you want to ensure you have…[Read more]

Hi Hayden

There are many areas in both Cities i would suggest you look at but depends on both price point and what you are after.

I only ever buy something that i can add value to some way or another to allow me move forward for the next deal.

Cheers

Yours in Finance

Brisbane is alive with good value bargains at the moment.

Some great potential development sites or value add on areas.

Cheers

Richard

Hi Bec

Yes i must in 28 years of mortgage broking i think i have only suggested to 1 client they cross collateralise their home loan and that was largely due to a LMI saving.

Some Brokers like to recommend the strategy it as it makes refinancing down the track a lot harder and of course if you don’t refinance the preservation of their income…[Read more]

I actually employ someone full time who looks after all the bookeeping, property management, paying council rates, land tax etc as well as my Vendor Finance book.

She has been with me for 12 years and is very well paid but worth every penny.

Cheers

Yours in Finance

Hi Lee

Yes we can work off net GST Gross realisation subject to our own valuation.

Cheers

Yours in Finance

Hi Lee

I run a 100M+ Private Lending Fund so might be able to assist you.

Feel free to drop me an email with your submission and be happy to look at it for you.

Cheers

Yours in Finance

Hi FXD

Yes we are seeing this day in day out with many clients who have equity but unable to access it and move forward with their existing lender.

All part of a brokers loan structuring armour.

Cheers

Richard

In the main 7.25% on both existing & new debt but there are a number of differences in the interpretation.

Odd second tier lender still working off actuals for existing debt but a dying breed.

Cheers

Yours in Finance

Hi Chris

Firstly welcome aboard and hope you enjoy your time with us.

0-130 is a great read especially as you start out but I think even Steve would agree that those strategies that applied when the book was first written have changed considerably over the years.

Regretfully even with the strongest will in the world no lender will allow you to…[Read more]

Hi Mel

Matter of working out the structure you currently have, what you want to achieve from the refinance and then what your future goals are going forward.

What we often see is a client with a mass cross collateralised mess and this can often take a while to undo but with an appropriate choice of lender and correct structure it can set you on…[Read more]

Hi Danny

Good to hear you don’t charge a fee to your clients.

Can we confirm that is for established homes as well as knew property?

Cheers

Yours in Finance

Hi Michael

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

Might be slightly biased but I would look at Brisbane.

Market here is just starting to kick along nicely.

Cheers

Yours in Finance

Hi Barlow

Happy to send you a couple of interviews i have done with a number of publications which might give you some insight into how to build a portfolio.

I have used a number of strategies over the last 25 years which enabled me to build a unencumbered portfolio with a value in excess of 40M.

Cheers

Yours in Finance

Hi Steven

Option 2 is certainly doable and interest rate would usually be higher than the interest rate on the first split if you are going IO on split 2.

In saying that you may find you can improve the rate on split 1 be refinancing to compensate for it.

Cheers

Yours in Finance

Hi Lolo

Sure my email address is on my signature.

Cheers

Yours in Finance

Hi Lolo

Sure my email address is on my signature.

Cheers

Yours in Finance

Tycoman you join the forum in 2016 and then post your 2 replies 2 years later……

Cheers

Yours in Finance