tyler, Yes i was there about 17 years ago and ended up buying all of my 43 properties in a series of Trusts.

To me the flexibility and Asset protection was more important than the ability to claim short term deductions thru Depreciation etc.

So glad I did as within 5 years the properties became very very positively geared and enabled me over 10…[Read more]

Hi Kate

Do you want to elaborate on what you are referring to.

I think i can take a guess from you last comment but not sure if we are on the same page.

You might be looking at a Call Option but it won't get you around the Stamp Dury in a couple of States

Cheers

Yours in Finance

Mick before you rush out and start looking for a new IP i would get your Broker to restructure the loan so that you have access to a sub loan too allow you to draw out the required deposit and also a pre-approval so you have confidence on what can be achieved.

Not every lender will consider your set of figures the same so you want to position…[Read more]

James in the interest of all of us why not post some actual numbers on some real deals.

Cheers

Yours in Finance

Agreee with Ivan.

We have used ANZ NZ for all of our NZ deals and not had an issue.

Cheers

Yours in Finance

Hi Mick

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

Making a few assumptions and running some quick numbers on what you would likely buy i think you certainly would be able to restructure your existing borrowing to allow you to release equity and purchase at least 1 IP (maybe more).

Course would need actual figures and breakup…[Read more]

Hi Alex

Yes subject to serviceability 95% + LMI maybe possible.

Hate to say although i am a Financial Planner if i didn't also hold a Credit License i couldn't provide you with credit information.

A Financial Planner alone is not licenced to provide such an assessment.

Cheers

Yours in Finance

Hi Alexandra

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

Ok if you have 20K in cash which you intended to use as an deposit on a new investment property I would paying it off your current PPOR loan and then looking to take a separate loan for the same amount by way of a sub loan.

This way the interest charged on…[Read more]

As mattsta mentioned both names is favourable.

Course couple of other entity arrangements might be worth considering

You won't find any lender allow the property to be in joint names and only your friends name on the loan application.

Cheers

Yours in Finance

Hi Linda

Wow wow right there. Did you say 39 in the complex? if so i would be running a mile.

I own 3 blocks of units in Brisbane and the 1 that is strata titled control the body corporate myself.

I would never buy into a block of 39 as you loose total control. Those BC levies are only going 1 way and that is upwards.

If there are a few for…[Read more]

God when i was growing up they weren't even using brick …….

Cheers

Yours in Finance

Yes the answer is it will be considered but the same policy in regards to living allowance expenses apply.

In essence if you can't show you can afford it won't approved. 

Cheers

Yours in Finance

I guess is all boils down to the amount you have to invest.

To me i personally wouldn't buy in either for my own portfolio or on behalf of a client but there aren't too many suburbs in Brisbane where you can get into a property for the sort of price you are talking about.

Cheers

Yours in Finance

H Cel

For NSW we always recommend East Coast Convenancing http://www.eastcoastconveyancing.com.au.

They have a number of offices but we use Justin at Charlestown for all of our clients.

In regards to a local Accountant can't help you there but of course your Accountant does not need to be based on your door step.

Many of my forum clients use a…[Read more]

Hi Roxy

Where are you based?

We run a number of SMSF workshops throughout Australia so maybe we can get you along.

Cheers

Yours in Finance

Hi Roxy

I think you definitely need to seek Professional advice before going down the SMSF path.

When you purchase a property inside a SMSF all of the rental income is quarantined within the fund itself and can only be used to repay the SMSF loan itself. It cannot withdrawn for personal purposes or to pay off your PPOR.

Depending on your level…[Read more]

Good stuff Ranki

Yes we bought a cracker of a property for a client only this week in Annerley on the 'right' side of Ipswich Road.

Cheers

Yours in Finance

We use Depreciator for all of our clients and their service is second to none.

Never had a complaint from any client and Accountants love the amount they can claim when preparing Tax Returns.

Cheers

Yours in Finance

Hi APWPG

You keep mentioning this wonderful Mentor who found you your property.

Why not post his name as if he so successful in negotiating and coming up with such deals other members may wish to use his services.

I am yet to see a positive cash flow property in Brisbane in the last few months and i look at a lot of property for…[Read more]

Hi Opinder

You have asked whether you can extend your current fixed loan to which the answer is NO but that does not mean you cannot access equity and borrow again even though the existing loan is on a fixed rate basis.

What is it you are trying to achieve ?

If you are merely looking to go again with another purchase then subject to a couple of…[Read more]