[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

September 2, 2003 - 2:10 am

Hi Redlilia

We have several properties in Ipswich and the Lockyer Valley area. If you want any advice on the area and what you get for your money please feel free to contact me.

Cheers Richard
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Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

September 2, 2003 - 2:04 am

Hi James

If you can find a Solicitor who will provide you with all the documentation required to undergo a wrap transaction for $250 -$300 I would take it and take it quickly. After you have taken it please let me now who they are as whatever State they are in I will be using them. At the moment we only wrap in Qld but I can feel Business expansion coming on.

Cheers Richard
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There is no such thing as a problem.
Just a solution waiting to be found

Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

September 2, 2003 - 1:55 am

Hi Brett

We purchased our first 20 properties in a newly established Pty Ltd entity although our Bankers did it solely on the Asset base of the 3 Directors and a PG.
We have a couple of lenders who will consider it if you you want to email me details I would be happy to see if we can assist.

Cheers Richard
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There is no such thing as a problem.
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Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

September 2, 2003 - 12:06 am

Hi BDM

A big congratulations from the whole of Qld.
Good to hear that mother and child are doing well.
Hope to see you back posting on the site when life settles down.

Cheers Richard
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Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

September 1, 2003 - 4:06 am

Hi Arty

Most of the Bank’s will offer 100% plus costs if additional security is being offered. If you are looking at multiple securities you should consider one of the Professional Plans which will save you not only on the interest rate but also on the establishment / valuation fees which can soon mount up. Happy to email you list if you want to contact me.

Cheers Richard
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Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

August 31, 2003 - 10:21 pm

Hi alf

The Company I run finds purchasers for investors over the whole of Qld. Happy to give you any information on regional towns or cities based in the Sunshine State.

Cheers Richard
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There is no such thing as a problem.
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Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

August 31, 2003 - 10:13 pm

Hi beachboy

I wish my good debt level was only $700K i passed that mark about 3 years ago. I now have someone fully employed to monitor and maintain that all receipts are received on time. As the guys say just be diligent in your recording and ensure that all debts are paid on time. Don’t ever listen to excuses made by the tenant / wrappee as this is a business to you and I. Balance your portfolio with a combination of fixed and variable rates. We hedge on the future markets to reduce risk but at $700K the costs wouldn’t be worth it.
Think positive and wait for the month when they are all repaid.

Cheers Richard
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There is no such thing as a problem.
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Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

August 31, 2003 - 10:05 pm

Hi Calron

A valuation fee is classified as a borrowing cost and therefore deductible.

Cheers Richard
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Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

August 31, 2003 - 7:25 am

Hi Junior

In answer to your question. A nodoc loan is where the lender advances funds merely against the value of the security of the asset and requires no evidence of income. Happy to assist if you wish to email me some further details.

Cheers Richard
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Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

August 31, 2003 - 6:56 am

Hi Jaykat

Why not try Cabreras on the northside 07-3888 6399. Steve there has always been helpful to us.

Cheers Richard
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Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

August 31, 2003 - 6:53 am

Hi battz71

Happy to help. Based in Milton, Brisbane covering the whole of Qld. Feel free to email me and I would be happy to answer any fiance questions you may have.

Cheers Richard
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There is no such thing as a problem.
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Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

August 31, 2003 - 6:51 am

Hi golfchamp

My last client’s on Saturday morning as I left for the golf course have just wrapped their first 2 properties and they are in there late 50’s.
Don’t let age be a barrier to good investments.
You have the advantage of having an unencumbered property and separate cash for a deposit so go for it and good luck.

Cheers Richard
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There is no such thing as a problem.
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Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

August 31, 2003 - 6:45 am

Hi adowland

Would like to volunteer ourselves – Your State Home Loans.
Based in Milton but cover the whole of Queensland.
Happy to help. 07-3369 6962

Cheers Richard
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There is no such thing as a problem.
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Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

August 31, 2003 - 6:42 am

Hi doogs

The MI premium is actually refundable over the first 4 years on a sliding scale. 60% in the first year then reducing by 15% per annum til you get to 15% during year 4.
Just bear in mind most lenders will not just send you the cheque you will need to request it.

Cheers Richard
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There is no such thing as a problem.
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Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

August 29, 2003 - 3:45 am

Arty

Not sure of which State you are referring to.
In Qld we use Heritage B/Society. If you want to let us now what size the land is and approximately where would be happy to try and point you in the right direction.

Cheers Richard
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There is no such thing as a problem. Just a solution waiting to be found

Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

August 29, 2003 - 3:43 am

Hi 224013

Many of our client’s are only on a pension.
Don’t ever put yourself down just think of buying positive cash flow properties and that in turn will increase your income.

If you current financier gives you a hard time happy to crunch some number for you.

Cheers Richard
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There is no such thing as a problem. Just a solution waiting to be found

Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

August 29, 2003 - 3:37 am

Hi 007 licensed to thrill

We act for Buyers in Queensland dealing solely in +cashflow properties.

Whilst most of them are in the regional areas would be happy to try and match your investment criteria.

Cheers Richard
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There is no such thing as a problem. Just a solution waiting to be found

Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

August 29, 2003 - 3:14 am

Shirley

I purchased one last week in regional queensland for $25,000 and renting for $105 / week.I think that is well under Steve’s guideline. They are out there so stay patient.

Happy to help out if you decide to look in the State of sun & surf.

Cheers Richard
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There is no such thing as a problem. Just a solution waiting to be found

Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

August 29, 2003 - 3:08 am

Hi Kramla

Welcome to the sight.

If you get fed up with looking in the cold and decide to invest North of the Border would be happy to point you in the right direction.

Cheers Richard
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There is no such thing as a problem. Just a solution waiting to be found

Richard Taylor | Australia's leading private lender

[Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024]

August 29, 2003 - 3:05 am

Jason

If you change your mind to sunny Queensland let me now.

Cheers Richard
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There is no such thing as a problem. Just a solution waiting to be found

Richard Taylor | Australia's leading private lender