Hi Neil

Hate to say if you are married you wont be able to put yourself down as single so all lenders will consider a joint living allowance with 2 dependants.

If your wife was working then you could look to put the property and loan in your sole name and we would argue that your wife had sufficient income to cover a single persons living…[Read more]

Must admit I am surprised how many investors I come across are so unprepared or ill advised when it comes to property investing generally.

I guess it is the reason why I started the TFS buyers agency division headed up by JacM who is a long standing forum contributor and property investing expert.

Cheers

Yours in Finance

No Jamie an export is one we ship off to far away shores.

Cheers

Yours in Finance

Yes we certainly do that on the forum. 

Sometimes some of us older hands are too busy to answer every post.

Certainly try to offer some useful imput when we can.

Cheers

Yours in Finance

And then in the afternoon you can rest…….

Don't want to appear rude but at 21 how many properties can you afford to buy and then onsell thru VF.

Neither of the mortgage insurers will openly provide cover where the property is to sold thru VF so it means you will need to provide 20% deposit on each new property.

Before you rush in and follow…[Read more]

We certainly have not seen any slow down in the number of forum clients wanting to us to buy a property for them thru our Buyers Agency arm.

Most investors like to know they are dealing with someone who has been there and done it and doesn't need to charge an arm and a leg for such a service.

Like anything just ask the person you are dealing…[Read more]

As said previously hate to say "No".

Nothing to stop you refinancing one SMSF loan with another SMSF loan (cheaper rate or better terms) but you cannot increase the borrowings.

Cheers

Yours in Finance

Also just ask your Buyers Agent how many properties they currently own.

Makes me laugh when clients tell me the person selling them a property doesn't own any IP's themselves.

Both my partner and I are licensed and we never have a problem telling clients what we have done.

Don't be suckered in because they have a flash office front or sweet…[Read more]

Yes ridiculous to pay the higher amount merely to gain the same piece of paper.

In saying that make sure you are comparing apples with apples and that one is not the Agents Rep Cert and the other is a Full License.

Cheers

Yours in Finance

Hi Willis

If the current properties are investment loans and you have or may likely have potential non deductible debt in the future then an interest only with offset account maybe on one of the loans might be the way forward.

Difficult to advise without any details but most of the long term brokers on the site here certainly are not in the…[Read more]

Agree what a stupid question and one any decent broker would not answer.

Cheers

Yours in Finance

I am with Terry don't mind if i give it a miss.

Most of my clients stay with me and dont ship when the next lender / brokers offers them 5 bps less they are paying.

Cheers

Yours in Finance

And if you don't use Podium, Cola has to be one of the most complicated and ridiculous online lodgment systems there is.

Cheers

Yours in Finance

Absolutely Jamie

Where would we be if Bankers and Brokers gave clients accurate information !!!!!

Cheers

Yours in Finance 

Hi Darryl

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

Stay around and join in the fun. Most of us don't bite.

Cheers

Yours in Finance

Hi Headspin

Whilst the interest will deductible against the property for which the funds were used irrespective of the security which was taken as long as the buying entities are the same it will all be netted off come Tax time.

Ideally when we structure an investors loan we like to see the 100% of the loan secured against the property for which…[Read more]

Hi Jude

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

Consult a investor based mortgage broker and he will structure it correctly for you so that you don't loose out when it comes to mixing loans or cross collateralising the securities.

Set up an equity loan secured against your PPOR loan and use the funds to put down as deposit…[Read more]

Hi Cubster

Sorry can't say i did (although in saying that i do get 60-70 finance emails a day so apologies if one slipped thru the cracks).

Been down in Sydney a lot this year doing investor presentations but not sure i will be down before my Winter holiday in Europe.

Cheers

Yours in Finance

Nothing with CBA happens overnight so no surprise there.

Next thing they will be bringing their lending policies into line with most other lenders……. In saying that dont hold your breath.

Cheers

Yours in Finance

Hi Roxy

Yes i think you might have seen the light in time.

Lovely little strategy for the lender and broker but not for you the client / investor.

I am currently untangling the mess made by lenders / brokers for 3/4 other forum members and is always a matter of trying to get it right from day 1.

Cheers

Yours in Finance