John i think you have answered your own question about the properties the promote.

I say to any client we source a property for ask yourself why these companies only promote new property.

Simple answer is that it is very hard for the valuer to ascertain the true price / value of the property due to the secret marketing commissions paid by the…[Read more]

Hi n00b1

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

Certainly renting out the home is one option but of course will mean you will be increasing your non deductible debt and only be able to claim the interest on your current PPOR (Future IP) at the current level of $150K so not ideal.

Not sure which state the property…[Read more]

Hi Rick

There are so many things you need to consider before rushing out and transferring the property to your partners name.

That strategy in its own right might cause you more trouble in the long run especially as the value of your PPOR increases.

As JacM has mentioned why wait to save up for a IP deposit (which in itself is not a sensible…[Read more]

Hi BLG

As Jamie mentioned welcome to the forum and I hope you enjoy your time with us.

I agree that normally an offset account is recommended where you have surplus funds and assuming you have no PPOR loan.

In saying this makes sure that you don't end paying more for the loan by way of monthly fees, charges or a higher interest rate only to…[Read more]

Yes Linda 

Totally doable and something we have done for clients on several ocassions.

Cheers

Yours in Finance

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

I think it a very noble to want to buy a property whilst still at university but i am not sure it is doable on a part time job.

Remember lenders still apply the same criteria as they would if you were on a full time wage and had 2 kids etc and that relates to serviceability.

I…[Read more]

Personally i would prefer and support an Accountant from the forum who offers there time and answer questions for free to members.

Steve Hodgkinson has been my Accountant for 17 years and looks after my entire portfolio.

He has been a forum member since 2003 and has helped hundreds of our forum clients.

Based on the Gold Coast is an expert on…[Read more]

Hi Kallan

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

There is no easy answer to becoming financially free and it certainly won't happen over night.
Took me 10 years to build my portfolio and another 6 to have almost the entire investment debt repaid. 

In saying that if you start small with the right advice and structure…[Read more]

Hi Sil

Ok couple of factors worth considering here.

Your equity position is fairly limited and has been stated big difference between a real estate valuation and a bank valuation.
Get your Broker to run an upfront valuation to see what useable equity you have. 
Looks like it will be a matter of going to a 90% lend so going to be limited lenders…[Read more]

Hi Chris

Hate to say no is no easier.

Still no UK lender that will lend to a expat or non resident.

We are off there for 2 months come November on a buying spree for clients but financing this time will have to be more creative.

Cheers

Yours in Finance

Hi Terry

Never like to disagree with you as you know but might have to to so on this one.

http://law.ato.gov.au/atolaw/view.htm?docid=AID/AID2010162/00001

We have done a number of deals for clients this way thru a couple of leading Accountants in Brisbane and never had it raised. 
Several of the clients have been fully audited without…[Read more]

Hi Michelle

Firstly welcome to the forum and i hope you enjoy your time with us before you set off travelling.

Retirement when you are young isn't all it cracked up to be without careful planning. I was fortunate enough to retire at 40 and be in a position to comfortably live off my rental income for the rest of my days.

I had 3 children…[Read more]

Have to agree with what the others have said. Borrowing in Super is my favourite past time.

I started my own SMSF in 1995 with $60K and now it has over $4.3M in a variety of asset classes including a number of propertied which unfortunately I had to pay cash for as they were purchased pre Sept 2007.

Flipping is certainly allowable inside a SMSF…[Read more]

Hi Mandy

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

Like the old saying in Invercargill the last one to leave please turn the lights off…. No seriously investing in Miles wouldn't be as bad as that but i question why you would invest in an areas after the boom has been thru.

As a new investor start small engage the…[Read more]

Let me know if you need a name down there and i can point you in the right direction.

Cheers

Yours in Finance

Hi Richo

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

Couple of quick answers:

1. No regretfully you are unable to claim your wife's share.

2. Cost of transferring the ownership to yourself will depend on the value of the property now and the initial purchase price. 
    Reason being there might be additional Stamp Duty…[Read more]

Hi Nick

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

I never have a problem with a client wanting to pay down their investment loan and in fact have personally spent the last 12 years paying down all of mine.

In saying this you must realise the whilst you have no PPOR at the moment that is not to say this will not change in the…[Read more]

Steevg, seeing you are fairly new to the forum I will be gentle. 

Normally when you come on and post a question seeking advice and are lucky enough to get a response from someone like JacM who is an experienced property investor and established forum contributor it is poor form to tell them you disagree.

Glad to see you have edited your initial…[Read more]

Would never confess to be an expert on Leasehold lending but without freehold security i think you have buckley's chance at the moment.

Cheers

Yours in Finance

Hopefully your Broker wont be using the equity but taking out a separate sub loan.

Do not cross collateralise the securities under any circumstances.

With the right loan selection and sufficient income / rent you should never run out of equity.

Cheers

Yours in Finance