In the current climate without additional security you have no chance whatsoever.

We get approached on a daily basis to consider Mez financing from experienced developers and wouldn't consider doing a deal at less than circa 18% per annum.

Without a track record or security no investor worth his salt would want to take a second mortgage.

That…[Read more]

Yes maybe for 1% of the loan amount upfront it might be worth considering i guess.

Cheers

Yours in Finance

I think Freckle comments on Italy are putting it mildly.

The Prime Minister is supposedly making a Confidence speech to the nation tomorrow to try and hold the financial system together.

Good luck………

The Portuguese Government has been punished and if the Germans ever decide to cut their losses on Greece the whole place will…[Read more]

Agree with JacM.

I would contacting Scott directly and ask him to do it for you.

Seems a bit of a nerve to be charging for a newsletter. Would have thought with that high moral ground he would do it for nothing.

Cheers

Yours in Finance

Totally agree you need to find the right Broker especially one who has a bit of experience in property and maybe purchased 1,2 or 40 + himself.

As a Financial Planner i see it all the time so many planners only recommend property where they feel they can earn a nice fat commission from the developer and surprise surprise non of them recommend…[Read more]

Hi Astroboy

It depends on what you are after.

We are Licensed Buyers Agents for Qld and do a fair bit in Toowoomba.

By business partner is licensed in NSW & Vic.

Was only up there last week buying a couple of properties for forum clients.

Cheers

Yours in Finance

HI Hiruni

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

I have too say i think the simple answer is don't use ETax but get yourself a property based Accountant.

I see it so often that clients try and save a dollar or two when realistically if they invested i building a team around they would be far more successful.

It is not a…[Read more]

Was that the same week Akshay you started on the payroll !!!!

Seriously mate you sign up and your first post in to support an organisation that until the last positive wrap hadn't been mentioned for over a year.

Give me a break…..

Cheers

Yours in Finance

Depending on the purchase price of the property you might be able to borrow 100% of the new Investment property plus acquisition costs without using your equity or cash.

We purchased a property for a forum member only last week for $121K (No not a typing error) with a 100% loan and managed to add the stamp duty, legals and our property sourcing…[Read more]

Hate to say Albert bang on.

Cheers

Yours in Finance

Hi Mikand

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

Lenders will certainly take into consideration the current or potential rental income when assessing serviceability so that is not an issue.

You will however need to provide equity or cash deposit (not recommended) to cover the acquisition costs and balance of purchase…[Read more]

Hi Nicole

Be vary wary of such offers.

Unless they are Licensed Financial Advisers like myself they are unable to provide you with any advice in relation to establishing a SMSF and even then you need to ensure what you are doing is right for you and not for the company concerned.

To many of these organisation pray on individual thru tele…[Read more]

Hi Nicole

Be vary wary of such offers.

Unless they are Licensed Financial Advisers like myself they are unable to provide you with any advice in relation to establishing a SMSF and even then you need to ensure what you are doing is right for you and not for the company concerned.

To many of these organisation pray on individual thru tele…[Read more]

Thanks Connolly.

Always good to spread the word about spruikers to other members of the property investing community.

Cheers

Yours in Finance

Agree with Mark the market is awash with some cracking deals at the moment.

With our unique 100% finance product my business partner is putting clients into some real cracking deals at the moment.

We take Power of Attorney for our clients and inspect and assess the properties for them as most of our clients lead busy lives and don't have the…[Read more]

Alternatively contact Alistair and get him to assist you in financing the deal for you.

Never goes a miss to get someone with extensive development financing experience on your side whether it be your first or 21st project.

Cheers

Yours in Finance

Matt, if there is any chance you may decide to rent out your PPOR then interest only with offset is the way forward.

Taking it one step forward you even look at taking a fixed rate with 100% offset account to give you the additional sleep at night factor.

Then if you also thinking about investing in the future there are a couple of things you…[Read more]

taxdiva

I assume if you are looking at investing inside your SMSF you will be using cash, a related party loan or will putting in a hefty deposit as non of the conventional lenders will go to 80% lvr in those post codes.

The majority of lenders have excluded the area for lending full stop under SMSF loan.

Cheers

Yours in Finance

The other consideration is the cost of visiting the area and scoping out possible properties / properties you put under Contract is not a Tax deductible expense.

The cost of investment advice is a Tax deductible expense as long as the advice relates to the generation of income so using a Professional can often be the way around…[Read more]

Getafix

Hate to say no standard lender will touch the deal if this is your first project.

Pre-commitments are no use you would need actual pre-sales with 10% deposit being held and then on that basis such deal would be private funding only.

Wilko's interest rate recommendation i have to say is dreaming in the current climate and you would be…[Read more]