Lenders will want to see both Trust and individual Tax Returns of all applicants.

If the Title and loan is in your sole name and your Trust elects to pay you adult child / wife the majority of the income they are not going consider this for serviceability.

Cheers

Yours in Finance

Structure is fine as long and interest on the entire loan will be deductible.

I would however be wanting to read the small print of the offer document to ensure that "by mistake" the lender didn't slip the PPOR as collateral security for the IP.

I have seen so many times before and usually once a borrower realises it is too late to change it

I…[Read more]

Yes as long as they are Licensed to operate in the State.

Like Real Estate agents some Solicitors close to the State border are able to operate across into other States.

Albury Wodonga is a good example but not as good as Twins Towns in Coolangatta where 1 end of the road is NSW and the otherside is Qld.

Certainly makes for interesting times…[Read more]

Have no knowledge about Folio Invest but often find if it is too good to be true it probably is.

I always suggest to any of my clients they ask the firm they are dealing with what sort of portfolio they have themselves.

If they are they are that good in making money and recommending properties to investors why haven't they got a decent portfolio…[Read more]

What are you wanting from the site ?

Both have merits but need to decide which will suit your requirements.

Cheers

Yours in Finance

90% is available on a blended loan but at 80% shouldn't be too much of an issue.

In less than a fortnight you will have 1 Year Tax Returns and that will help.

Cheers

Yours in Finance

Hi Wilko

There is a couple of lenders but the rates, application costs etc will depend on the security, lvr requested etc.

Cheers

Yours in Finance

Yes Pagey need a lender who does restrict and one with flexible policy when it comes to equity release down the track.

Cheers

Yours in Finance

Used Ozorex for 5 years to send funds back to the UK and never had an issue.

Very professional, service is excellent and rates are better than all of the Banks.

Cheers

Yours in Finance

Ok Pagey maybe the post code location means that you have to put in 20% deposit but i have to say i find that hard to believe.

If the property is zoned residential and is valued at 200K by a valuer then no reason why you can't access the available equity.

Course need to use the right lender in the first place.

Cheers

Yours in Finance

My sentiments exactly Jamie.

I had thoughts of a large rural property with a tin shed on it.

Pagey, yes you can certainly use your equity in your current IP to fund your deposit but there maybe better ways to fund the deal depending on your own circumstances.

Cheers

Yours in Finance

Hi Rich

Yes lenders will often undertake a Company search and you will also show up as a Director on your CRAA.

As i say careful planing probably needed but resigning as a Director might have other implications which need to be considered first.

Cheers

Yours in Finance

Hi Tom

Exactly my sentiments.

Cheers

Yours in Finance

In Qld the threshold is 350K + for a Trust, Company or absentee owner.

Cheers

Yours in Finance

Adding to the other 2 comments.

9 isn't out of the question although Alistair mentioned you might end up paying a higher rate initially without pre-sales.

Cheers

Yours in Finance

Wow going to be bullish here but i have to disagree with the others.

I would suggest you would be considered PAYG employed but we would still need to provide copies of the Company's last 2 Tax Returns.

Done one very similar to your position for a forum client in Dubai only recently and didnt have an issue there.

Cheers

Yours in Finance

Couldn't agree more.

Can't go far wrong and a great bloke to boot.

Cheers

Yours in Finance

I think Jamie has already answered this you need an equity loan over a LOC.

A Banker will give you 101 reasons why you should cross collateralize the securities and how it is good for you (or if not you for the Bank) and then if that doesn't work will tell you to use a redraw as there is no real issue and the ATO will never know if you claim a…[Read more]

Maybe double digits is a slight exaggeration

Brisbane's average residential rates bill will rise 3.8 per cent under Brisbane City Council's 2013-14 budget, lifting it by 88 cents a week or $45.60 a year.

The increase is lower than last year's 4.5 per cent rise but above Brisbane's consumer price index, measured at 2.1 per cent in the March 2013…[Read more]

Hi Jamie

Yes i still own multiple properties in the area in my SMSF but of course purchased when prices were considerably cheaper than they are now.

In regards to your saving for a deposit there are a few 100% finance IP schemes around (without having to use existing equity) which we have access to so would depend on other details as to whether…[Read more]