Course it boils down to your longer term objective.

I have all of my investment loans on a P & I basis but very rarily recommend that for my clients as they are in a difference phase of wealth creation to me.

Interest only gives you flexibility and allows you to change your mind without disrupting the Tax Deductibility.

Cheers

Yours in Finance

I am in the UK at the moment and just met up with a new client of ours.

We don't offer that level of service to every client lol 

Happy New Year to you to 

Cheers

Yours on Finance

Hi Christine

Thanks for the additional information.

No not at all i think you certainly have options available for equity release.

Whilst ING can be a pain to deal with for an increase loan there are a couple of ways around it.

As long as you have serviceability to move forward i think you have amble opportunity to increase your…[Read more]

Hi Matt

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

Congrats on your decision to purchase your property especially at such a young age and with such a good deposit saved up.

Maybe i am slightly biased but i would always suggest using a Broker as most have a wealth of knowledge and can give you a raft of lending choices…[Read more]

Hi Christine

I hate to say doing a Cert 4 in MB will be of no benefit to you as an investor as the finance market changes on a daily basis and you will learn nothing that is of use.

It is upto you but i think i would put my energies into forging a team of Professionals to work with rather than trying to do everything yourself.

Cheers

Yours in…[Read more]

Ok Paul lol

When i arrived in Brisbane just went from 0-43 properties in 10 years and guess many of my clients look to be aggressive in their wealth creation.

Cheers

Yours in Finance

Yes i am also on the verge of completing an investment book on 0-40 properties in a decade as well as one on Superannuation.

Cheers

Yours in Finance

Paul there is a difference between a Bank Guarantee and a Deposit Bond.

Wouldn't go the BG route as they will want to take security and this could hinder your investments going forward.

Guess it all depends of you want to sit on your hands and wait for the OTP property to settle or intend to be a bit more active and buy a couple more before it…[Read more]

Yes i agree i own a block of 6 x 2 units in Toowong and would buy another one tomorrow if i could find them at the right price.

Cheers

Yours in Finance

An alternative is to look at positive cash flow properties.

I have had 2 enquiries today's from purchasers who are looking for investors to buy a property and wrap to them using Vendor Finance Terms.

They have a deposit which will be paid over to the Investor on executing the purchase contract and expect to pay at least 2 percent above the…[Read more]

Thanks Benny i will take care of the multiple posts.

In regards to choosing a property sorcerer i think i would use the same approach as i use to choosing any Professional and that is i look to choose someone who has been there and done it rather than someone who talks a good story.

I mean would you have your teeth seen to by someone who has…[Read more]

Good to hear Paul.

Will make a big difference in the long term.

Also look at using a Long term deposit bond rather than using cash or equity to cover the deposit.

Cheers

Yours in Finance

Hi Paul

No hate to say she cannot claim the Stamp Duty as a Tax deduction as it is added to the Cost Base for Capital Gains Tax purposes.

Mortgage Stamp Duty is deductible as a loan cost however there is no mortgage stamp duty in Qld.

Cheers

Yours in Finance 

Agree with JacM we have a lot of our overseas forum clients who have not been back to Australia throughout the whole buying / financing process.

Cheers

Yours in Finance

Hi Paul

As Terry has mentioned you cannot in Qld Transfer the property from one party to another (irrespective if it is your Spouse) without triggering Stamp Duty and CGT.

Must admit not sure where in Qld it is but we are starting to see a few issues with valuation in Brisbane on OTP so hopefully you have chosen wisely.

One big downside i see…[Read more]

Hi Christine

Who is the lender ?

Cheers

Yours in Finance

Can you explain what you mean by Master Title?

Cheers

Yours in Finance

Agree with Jamie part of the way in regards to a POA.

I am often appointed as POA by forum clients to sign a purchase contract on their behalf thru our Buyers Agency arm but would never accept the appointment for a loan application or indeed mortgage documents as this can lead to a lot of issues.

A couple of lenders have specialised non…[Read more]

Hi Manola

Yes that is indeed correct no LMI upto 90% lvr.

For this reason you probably don't need to touch the existing equity.

Cheers

Yours in Finance

Yes hard to believe another year is almost over.

TFS is officially 10 years old which also means it is 10 years since officially retired for the first time.

I opened a Buyers Agency business (mainly thru forum client demand) and we now operate throughout Qld, Vic and NSW.

This year I took on a partner which is something I never thought I would…[Read more]