Hi Matt

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

Yes certainly not an easy position to go forward with your lender when your loans are crossed.

Have to be honest a lot of my time at the moment is spent unravelling the mess caused to forum clients by lenders or other Brokers (Michael & Jamie are of course an exception) Financial Planners etc who have wrapped a client up in cotton wool, crossed all of their loans and they left them out to dry when they cant help them any further.

I start by working backwards and applying a couple of basic principles usually gets you there.

Course without further hard data it is difficult to comment how uncrossing your securities can will aid your position.

Cheers

Yours in Finance

Thanks Jamie happy to help.

My Accountant for the last 15 Years has been based on the Gold Coast but happy to recommend if John is happy to go that far.

Cheers

Yours in Finance

I must admit i have read the original post and responses several times and still cant quite understand the question.

If the question is:

1) Can a SMSF buy a property and then onsell it using an instalment contract. If so the answer is YES. I own several properties inmy SMSF which have been onsold. i am also a Director of First Home Owners Group a Vendor Finance Company dealing solely in Qld.
As long as the SMSF is not seen as carrying on a business and such investment meets the terms of the Trusts Investment strategy then you should fine. Other considerations though.

2) Can a SMSF borrow in order to buy a property and then on sell it using an instalment contract. From a convention lender – NO from an inhouse related lender – then possibly done correctly.

3) Can a JV be done with the Vendor then this depends on the terms and nature of the arrangement.

All interesting avenues to increase your returns but fraught with danger in the wrong hands.

Cheers

Yours in Finance

Agree with Jamie you would have ever Buyers Agent or unlicensed investor posting all sorts of things here and as advertising is not permitted not convinced you would attract what you are really looking for.

Many of us come across deals almost every week that for some reason we dont want to do (had one across my desk only today) but wouldnt post it as what seems like a good deal to me might not be for someone else and vice versa. I have a minimum amount i need on each deal to make it worth something i consider wheareas someone else may have differing investing parametres.

Cheers

Yours in Finance

Cheers

Yours in Finance

As the boys have said with only provision being if you hold multiple properties in Trust then as part of a property business then 100% of the net profit will be taken into consideration.

May of course work against you but can beat 80% which is the norm with most lenders.

Cheers

Yours in Finance

Hi Rhys

Really wanna tell us who will refund the LMI where you merely pay down the loan without refinancing.

I am not aware of any lender who will do this.

Cheers

Yours in Finance

Dont think i will even go do the path of spending time answering this one.

Do a quick search on previous posts and you will find a 101 other comments.

Again if you are chasing rate and rate alone then whilst they are not the cheapest the rate is so so.
Personally most of my clients dont chase rate alone.

Of course there are so many things about such loans you wont get them to answer i.e credit policy, "cash out" etc etc that it makes you wonder why we get  fair few refinances requests form forum clients to take them away from lenders like SCMS.

Maybe they all remember the Rams RHG and Macquarie Bank days of some 24-36 months ago.

Amazing how we have such short memories.

Cheers

Yours in Finance

AJ i think you are wasting your time talking to a Financial Planner as most will want to promote other forms of investment.

If you shoot me an email i will send you and API interview i did based upon how i got started some 15 years ago and how to use equity to purchase multiple properties.

Cheers

Yours in Finance

Hi AJ

Good for you.

Yes get if from a different perspective.

If you have thought of SE Qld contact Andrew @ Allen Real Estate as he is a buyers agent based here in Brisbane.

Cheers

Yours in Finance

Hi Von

Each lender / mortgage insurer will have post code areas they lend in and the maximum lvr in each. (This will depend on a few factors)

Course in the larger towns and cities you are more likely to get a higher lvr.

Not sure the post code you are referring to so difficult to answer it fully.

Feel free to drop me a line with the post code and i can tell you a bit more.

Cheers

Yours in Finance