Because you need to be Licensed to take a few for service.

Cheers

Yours in Finance

Yep great in theory until the valuer sees the Seller is covering your acquisition costs and then deducts these from the valuation.

Lender then agrees to lend against purchase price of valuation whichever is the lower.

Cheers

Yours in Finance

You can still get sub 4% on P & I investment loan at 80% lvr.

Cheers

Yours in Finance

Ok Scott certainly opens up a opportunity to go some way towards what you are wanting to achieve.

Cheers

Yours in Finance

Who is the property owned by Scott ?

If jointly with a spouse then a couple of things you can do.

Probably the question most asked over all 15 years i have been involved with the forum so you are not alone.

Cheers

Yours in Finance

Hi Citrus

As Corey says.
If you get resistance from either the Broker or lender it will be a combination of lack of knowledge / experience or pure laziness.

Alternative is to try another broker / banker.

Cheers

Yours in Finance

Hi David

I am assuming the Units are all in good order and require No updating.

Yours costs seem very light on as there is no provision for acquisition cost, Body corporate set up, legal and surveying, Finance (I assume you will be looking at around 65% max but will considered Commercial so extra app fees, valuation, legals etc), possible GST…[Read more]

Hi ken

Drop me an email with the security address details and I can see whether we would look at under our Private lending Fund.

Cheers

Yours in Finance

Hi there

A rental assessment from a real estate agent or valuer is not uncommon so you should have a plenty of choice.

Cheers

Yours in Finance

Depends on the deal itself but could be upto 80% on a residential property.

Cheers

Yours in Finance

Hey Anthony

Yes there sure are and we do a lot of these types of loans.

In saying this there are a numbers of restrictions so will depend not only on your profession but also your income level, type of loan product you are after etc etc.

Did 2 deals this week funnily enough for Forum members who were both dentists and neither will pay…[Read more]

Hi Chantel

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

My wife is a Novacastrian being born and bred in Merewether so i know the City well.

Congratulations on deciding to take the plunge and start to build a property portfolio.

Certainly a different market place to when I started buying property in the 1980’s but the…[Read more]

Hi Anthony

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

Congrats on making the move to purchase your first property. I remember buying my property back in the UK in the 80’s so very exciting.

Loan Market are the finance arm of Ray White so I am assuming you are looking at buying thru them.
What you have to understand…[Read more]

Hi Colin

We do them thru my Mortgage Trust arm Australian Secure Capital Fund.

Cheers

Yours in Finance

Hi Michael

Tony is so right. Imagine using a Dentist who had read the theory books but never removed a tooth before and was pleased to tell you that he was going to “give it a go with you”.

No seriously whilst many lenders have ramped up their investment rates their are some good sub 4% fixed rates around if you are happy to go P & I.

Might…[Read more]

Or do the deal yourself with a Nodoc loan (No evidence of income required) and receive 100% of the profit.

Cheers

Yours in Finance

Wouldn’t use a LOC on your PPOR as the rates of interest are too high compared to a equity loan.

Depending on the long term objective there are a couple of loan structures you could use.

If the new property is to be used as a long term PPOR then maybe some clever debt re-cycling might achieve the eventual goal.

Cheers

Yours in Finance

Maybe look at switching agents.

Purple bricks might offer a fixed price but are they getting the same exposure as another agent would do.

Regretfully you bought the property at the peak of the market just post GFC so maybe you might need to sharpen the price.

As Benny has mentioned there is a stack of new development going on in the area and…[Read more]

Unless you are offering additional security the loan will be based off 80% of the $2M.

Cheers

Yours in Finance