I have a feeling May wont be back to update us.

Cheers

Yours in Finance

I agree with Matt

What happens if they don't make payment then you have the same issue just kicked the can down the road a little.

Get them out, retain the bond if you feel justified in order to put the property back to a state it was when they first rented it and go from there.

Cheers

Yours in Finance

Tom as Jamie mentioned Title will need to include your dad.

Some lenders will insist that loan and title are identical and question where the beneficial interest lies others will be ok with it.

Cheers

Yours in Finance

Time to invest we always use a combination of both to develop income.

In regards to salary sacrificing the limit is 25K for 13/14 (increases to 35K for 14/15) but this includes the compulsory employer contribution of 9.25% of your salary so on your income will be fairly limiting. In saying this it is an excellent long term strategy to provide for…[Read more]

HI Bergerson

Sorry to hear your first experience into Property Investing is to be caught up by some slick marketing firm. 

I was down in Melbourne only last week seeing a couple of forumites who had been caught by a similar slick sales speil.

Firstly i would suggest you have a quick look thru the Terms and Conditions of what you signed as it…[Read more]

Carrying on from what has been said in the previous posts there are a couple of things you need to bear in mind:

1) You cannot get direct accreditation with lenders so will need to use an aggregator. With limited or no experience you will not be able to join certain aggregators i.e Fast (who i am with), Plan or Choice. Those aggregators who may…[Read more]

Hi Kane

Certainly a wise goal to want to achieve and one i would suggest for every client.

In saying that as JacM has mentioned it is the order of events and the steps you take to get there which is important.

With the sort of income you are on i wouldn't have suggested you get too involved in doing your own renovation as your time could be…[Read more]

If a formal lease agreement is not available then you could probably run off your Tax returns (assuming you declare it)

Agree with Jamie your name on the Title is going to cause you more harm that good.

Wont get your father as a Guarantor would need to be a co-borrower and there are too many variables to ascertain whether it can be done without…[Read more]

Even without the finer details there is always options and your Broker should have given you a couple of these.

With the right sort of property 100% standalone fine is possible but not if you only have to Thursday to make up your mind.

Sounds like poor advice in the first place.

Cheers

Yours in Finance

As Terry mentioned split the loan first.

Just get your broker to do this for you as it is something we do for our clients on a regular basis.

Cheers

Yours in Finance

Looking at their website looks like it is a $220 val fee.

Guess it is a matter of pay your money and take your chance.

Cheers

Yours in Finance

Hi Mikko

No they can't get you to repay the balance.

Cheers

Yours in Finance

Yes only 1 lender in the UK now lending now to Non Residents and it is not a major Bank.

Cheers

Yours In Finance

Hi Floody

Yes ideally i think in your situation i would be looking at something circa 250K however i was merely saying that you could go to 400K.

Cheers

Yours in Finance

Why do you want your unit valued ?

For borrowing purposes you wont have a choice but get your existing lender to do unless for some reason you are thinking about refinancing.

Get your broker to organise it for you.

Cheers

Yours in Finance

Very true SNM i see it every day of the week.

Actually had Solicitor client only last week who signed the contract in the wrong name despite me telling him on a couple of occasions.

The other error we see a lot is the Certificate of Insurance as many clients believe this goes in the Security trustee name which of course it does not

Totally…[Read more]

With 100K in Super you would probably be looking at a property of circa $300-400K rather than 1 for 250K.

Even with the associated costs (and these have come down considerably over the last few years) you can still get good value with 100K in Super.

We have set up a number of SMSF's for forum members over the last couple of months with a lot…[Read more]

Agree Jamie but be surprised how many of the big 4 wont be telling their clients they are paying thru the nose for their financing and could do better elsewhere.

Cheers

Yours in Finance

nikki we hear it every day of the week from forum members but hate to say it is simply just not true.

In the main you will not borrow more by doing it thru a Trust. 

There is a few things you can do to to enhance your prospects going forward and turbo charge your portfolio but that is not one of them.

Cheers

Yours in Finance

As has been mentioned just do a forum search on both the Club and their founder and you will get a variety of responses.

Cheers

Yours in Finance