Not ideal way to go but 80% would be doable as an owner builder.

In saying that check the State legislation to ensure how whether you are limited to the number of times you can O / B.

Cheers

Yours in Finance 

How did you end up going?

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Yours in Finance

We are doing a deal at the moment for a forum member in a similar boat.

The young client has good income but not much in the way of deposit.

We have sourced the property and investor to buy it and the on sell it to our client thru Vendor Terms.

It is a win win both parties.

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Yours in Finance

Harry hate to say most experienced investors would prefer to invest on their own so be careful as anyone who is interested may not have the level of experience you are after.

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Yours in Finance

Agree with Terry need Professional advice in order to protect both parties.

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Your in Finance

Have to say I think you will be lucky to find an Investor happy to take the risk for 10% return given they could probably get 16-18% thru a specialist Mez Finance for similar risk albeit lesser time to have their money tied up.

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Yours in Finance

As I say get Darryl to set up the Deeds and then I can give you my Accountants details on the Gold Coast.

Nothing nicer than popping down to see him and then spending the rest of the day on the beach and claiming the travel costs.

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Yours in Finance

There are a number of techniques and strategies that produce positive cash flow it is just a matter of finding what is right for you.

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Yours in Finance

As i mentioned why don't you post the answers to my questions and then a potential investor can stack it up against other opportunities.

At the moment there are deals coming out of the ground and the average investor cannot buy everything so needs to tick some basic boxes to see how far he takes his / her due diligence.

Cheers

Yours in Finance

Hi Brandon

Prefer you emailed the response here.

It would not be something i would invest in (as i never invest in JV's) but was raising some initial points to help you get it out there.

As you are probably aware advertising such is not permitted on the site so was trying to give you a little rope with hanging yourself.

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Yours in Finance

Hi Bellamia

Couple of quick points i would make if i was being asked to invest:

1) Your lender will want first mortgage so will they a consent to a second mortgage?

2) What rate of interest would you be offering the potential investor given the risk exposure and security position?

3) How long would the loan be for and what would be the take…[Read more]

Got a similar application going thru for a forum member buying here in Qld.

Lender gave it the nod but LMI said No.

Couple of ways but not that easy as has been stated.

Cheers

Yours in Finance

Alternatively if one of your family members is prepared to provide a guarantee a 100% + loan is possible.

Second option a Vendor Finance deal.

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Yours in Finance

Would love to come along but i think i miss out on the age policy?

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Yours in Finance

Just to clarify unless your Mortgage Broker is also a licensed Financial Planner he certainly cannot be making any investment recommendations property or not.

A Broker who is not a Financial Planner can discuss a Credit Contract and make suitable lending suggestions however not all Brokers are the same.

Ensure your Broker has bought an IP or…[Read more]

Hi Desability

I am sure your Broker will explain the strategy he is putting together for you and as long as he is not cross collateralising the 2 securities well all good.

On a different tack what sort of investment are you making for under 100k?

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Yours in Finance

Wilko has outlined some of the strategies we use but there are more.

As i say matter of working the numbers and spreading your investments. 

I own 98% of my properties in a single State and you can imagine what my Land Tax Bill is.

I have seen so many client who have 3 properties in a single state and never consider LT.

All about strategising…[Read more]

As Jamie mentioned Yes you can but it it long as it is short.

Can't see any real benefit other than possibly some easier Accounting.

No added tax benefit at all.

Cheers

Yours in Finance

Yes and I am sure their are other Australians in the same boat.

Definitely take Jay up on his offer.

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Yours in Finance

No need to be corrected Jamie you will NOT find + cash flow properties in Melbourne itself.

Starting to see a few more in Brisbane but certainly not on every street corner and you have to be creative.

Cheers

Yours in Finance