PropertyInvesting.com | rickim | Activity https://www.propertyinvesting.com/members/rickim/activity/ Activity feed for rickim. Sun, 12 Apr 2026 16:50:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 67669f7511424c8fd460617785b7cf85 rickim replied to the topic Loan Structure for Unit block IP in the forum Finance https://www.propertyinvesting.com/topic/4407516-loan-structure-for-unit-block-ip/page/2/#post-4676718 Wed, 05 Sep 2012 11:04:13 +0000 Jacm – thanks for the insight. When you lay it out like that I can see how the banks may view my plan :(

Richard – what do you reckon the likelihood of getting finance is in today’s lending market with 10% finance? Should I even bother or would you recommend just waiting and saving a further 5-10%? Will that even be enough?
You mention there are…[Read more]

]]> 5d97d85144824cde780c6b159c6bec45 rickim replied to the topic Loan Structure for Unit block IP in the forum Finance https://www.propertyinvesting.com/topic/4407516-loan-structure-for-unit-block-ip/#post-4676714 Tue, 04 Sep 2012 19:52:23 +0000 Thanks for your replies guys. I’m more than a little confused now though as I have two brokers telling me two different things. Richard is saying it shouldn’t be a problem getting a residential loan on anything up to 4 units on the one title and Shahin are you actually saying that I will more than likely need a commercial loan, is this right? I…[Read more]

]]> b16c951a37700fae2358f0cf7da1accb rickim replied to the topic Loan Structure for Unit block IP in the forum Finance https://www.propertyinvesting.com/topic/4407516-loan-structure-for-unit-block-ip/#post-4676712 Tue, 04 Sep 2012 10:42:41 +0000 Shahin – is this just in my case because of my plan and only with certain lenders or have the majority of lenders further tightened their lending criteria?

Also, how come the number of units on the title has such an impact on financing?

]]> a328ef8416a09104e12600d4b9e63f42 rickim replied to the topic Loan Structure for Unit block IP in the forum Finance https://www.propertyinvesting.com/topic/4407516-loan-structure-for-unit-block-ip/#post-4676710 Tue, 04 Sep 2012 10:17:49 +0000 Richard – thanks for your reply. What do you mean by ‘credit scored’ as opposed to what? Not credit scored? I’m sorry but I don’t understand these terms.

Also, I will be able to come up with a minimum of 10% deposit although I am wondering If you recommend only coming in with the minimum of 10% or putting down more? I could, but i wonder if I’m…[Read more]

]]> bf58b74b8f562984358027e47b6c9f3e rickim replied to the topic Loan Structure for Unit block IP in the forum Finance https://www.propertyinvesting.com/topic/4407516-loan-structure-for-unit-block-ip/#post-4676708 Mon, 03 Sep 2012 19:54:35 +0000 I don’t have a specific property in mind for purchase just yet and therefore I can’t provide any exact details. From what I’ve been looking at though, I will be able to cover anywhere from a 12-15% deposit with the savings I have currently.

Will the fact that I plan to continue renting out the remaining units aid in my quest for finance as I will…[Read more]

]]> 5b6d90984c1c7c9ae85e7474ad6a89c9 rickim replied to the topic Loan Structure for Unit block IP in the forum Finance https://www.propertyinvesting.com/topic/4407516-loan-structure-for-unit-block-ip/#post-4676706 Mon, 03 Sep 2012 11:28:29 +0000 Thanks for the advice.

Any ideas on how i might go about structuring the loan/s for this type of plan?

]]> b9bdc9eb1d66b964f9a8c48d510d9cfc rickim replied to the topic Loan Structure for Unit block IP in the forum Finance https://www.propertyinvesting.com/topic/4407516-loan-structure-for-unit-block-ip/#post-4676704 Mon, 03 Sep 2012 11:09:38 +0000 Shaihin – In QLD

Richard – Thanks for the welcome and your reply. Thats good news about the FHOG from what your saying about your clients experience. Are you able to provide a little more insight on how you recommend structuring the loan/s for this type of strategy. What did you client do in his/her case?

Terry – Yes, from all the info i've read…[Read more]

]]> a90da8c6a0c15d4083d137e7c63cf0d3 rickim replied to the topic Loan Structure for Unit block IP in the forum Finance https://www.propertyinvesting.com/topic/4407516-loan-structure-for-unit-block-ip/#post-4676700 Mon, 03 Sep 2012 08:01:29 +0000 The majority of blocks i've been looking at aren't strata titled and as such, they all come under the one title which is where i see the complications beginning to start . . .

]]> 84052066ad837e3b6063133c7dbfa186 rickim replied to the topic Loan Structure for Unit block IP in the forum Finance https://www.propertyinvesting.com/topic/4407516-loan-structure-for-unit-block-ip/#post-4676698 Mon, 03 Sep 2012 06:02:12 +0000 What would make me ineligible for the FHOG?

I've been looking at between 3 and 4 unit blocks.

]]> 3d2bf003d61884c287d6e6a1542eeb9a rickim replied to the topic Equity Question in the forum Finance https://www.propertyinvesting.com/topic/4406984-equity-question-4/#post-4672688 Fri, 29 Jun 2012 02:38:31 +0000 thanks guys. Its pretty much what i thought, it can’t really be done as simply as transferring equity as cash to another person ;)

]]> c6284861fd8023037e6ae6edfbdd6df3 rickim replied to the topic Equity Question in the forum Finance https://www.propertyinvesting.com/topic/4406984-equity-question-4/#post-4672684 Thu, 28 Jun 2012 23:47:38 +0000 Yes, I’m interested in how the equity could be transferred as a gift to another family member.

Scenario: ‘Bill’ has a $220,000 mortgage, his property was recently revalued at $300,000. Bills brother needs $65,000. Can Bill transfer his equity in the form of cash as a non-refundable gift to his brother? How would this be achieved and what possible…[Read more]

]]> b61f5cc30577c5ca8f10498a42174dbe rickim replied to the topic Equity Question in the forum Finance https://www.propertyinvesting.com/topic/4406984-equity-question-4/#post-4672682 Thu, 28 Jun 2012 23:05:55 +0000 Hi Guys,

Thanks for your replies. I am not trying to do this myself, someone had actually told me that it could be done but i just couldn’t understand how you could do it, as i don’t see equity as something that would be transferable. . .

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