OK, sounds good… I am an Australian citizen but will be relocating to UK next year. Now will any bank that offers 95% or 90% LVR lend to an Aust citizen living overseas at the same LVR, or are some banks better to work with while in this situation then others?

Thanks

Sebastian

I understand that whilst living OS Australian Banks will only finance 80% LVR on Australian properties. Is this correct?

Thanks

Sebastian

Took your suggestion and did a google, and yes “Trustee is legal owner” sprung up everywhere. This leads me to question, what are the asset protection features of a trust?

Thanks for your comments everyone.

Sebastian

Thanks very much for your posts, this reafirms my original understanding and also means I am not going crazy.

Now, this APS also suggests that only 2 – 4 properties be held in each trust (in order to limit exposure) Now if the $2 corp trustee is the only entity that can be sued then it should not matter how much property you…[Read more]

Banks in Poland for example do offer loan products to foreigners who need to meet tighter conditions to satisfy the banks. One of which is a minimum of 20% – 30% deposit.

I have a friend in Poland at the moment who I’ve asked to check these conditions out for me, but he is dragging his feet somewhat. I think I’ll try to communicate direct…[Read more]

At the moment I am looking at Poland. But I am not necessarily limiting myself to this country.

apapworth,

I was just reading your post because I also have a Chris Batten HUT. However you…[Read more]

Don’t worry about my first question, found a thread asking the same question a few doors down.

Sebastian

Thanks for your input. I’m registered for a “how to buy a business” workshop on Thursday so hopefully this will answer many more of my questions.

Sebastian

I do have 2 houses with equity, so the security side of it is not so much of a problem. What is more of an issue that I need to address is the serviceability of the loan.

Would the banks take into account the net profit of a business when assessing serviceability? For example, when you purchase a new investment property, you state…[Read more]

The entry is due to be deleted in June 2006, so it happened 3 years ago.
and the amount is for ~$2000. Not too sure how soon it was repayed but the person was out of the country for 5 months and was not aware these debts where being made at the time.

I feel the case is strong, so we’ll put it to them and see what…[Read more]

I had ordered my CRAA file from Baycorp some time ago and it came up squeeky clean.

I’m trying to learn as much as I can about finance and the processes involved, after a recent decline I want to make sure that my financial position and how banks etc view my situation is the best I can get it so that I don’t have…[Read more]

Keep up the great work Stuart and Josie, and congratulations on the national finalist award!

Sebastian

Thanks for that…. but then that of course leads me to the same question breakfree has posed.

This is not something I am toying with just exploring avenues and creating discussion…. of course always seek professional advice prior to taking action!

Thanks Again… I, as breakfree look forward to your response!

Seb

I am not talking about adding or changing beneficiaries as I know this will lead to resettlement of the trust and hence CGT and stamp duty events taking place.

Terryw,

Thanks for the links, I will look into them once I have some more time.

agent smith,

I have not purchased any property as such, just exploring an avenue more than…[Read more]

I made an offer last night, the agent was a bit reluctant to accept as name and/or nominee, but then informed me that I have 28 days prior to settlement to confirm.

Thanks Again!

Sebastian

May sound like stupid questions, but I want get as best of an understanding of this as I can!

I will definately be going through an accountant, as they may be able to bring up situations etc that I may have not considered.

Do you know if I can get a hold of a basic trust deed so I know what they look like and what is on them?…[Read more]

You say basic legal documents. Is that to say they just use basic templates and that the trust deed or whatever you are need would more than likely need to be added to by your solicitor or accountant to “personalize” it for your situation??

Has anyone used these services and are happy with them?

Regards

Sebastian

A friend of mine has a property in Como (Perth) close to Curtin…[Read more]

At this stage I am trying to get a handle on investment structures prior to seeing an accountant (So I at least have a foundation of understanding, which will, hopefully, minimise the chances of my accountant loosing me in a pile of jargon). I’ve read Weath Guardian and I have trust magic on its way to…[Read more]

The best way around this I have seen is one of my clients who bought all his properties in a company name. There is more choice when using a company name. The shares of the company were all owned by the family discretionary trust. Any dividends were paid to the trust and distributed as the executors saw…[Read more]

So basically don’t worry about the bore. So I take it that it wont add much more value to my house then it is costs.

My main issue here is equity. Getting tenants is not a problem. I would however like to up my equity so I can borrow against for another property. That is why I am thinking garden, the retic is an…[Read more]

I think the solution may be a combination of methods. One of which is bringing $10K into the country when she comes back once per year.

Can anyone recommend an off shore specialist?

C2, What would be involved in being a non taxable resident living o/s?

OzpatinQ8, I have looked into the 91 day offshore clause in…[Read more]

Yeah I would ask your Mortgage broker if you are using one. They can arrange a deposit bond for a percentage of the amount of the bond. They are not done through the bank but through a third party. I was going to get one for an auction (but decided not to bid in the end) The name of the company that provides the deposit bond escapes me, but…[Read more]

Yeah I’m not expert, but with regards to extending the building and making extra profit, it really depends on the building and location as to whether that kind of improvement is something that people will see as a benefit (and how much of a benefit) for that area and that paticular property.

Don’t know of any formula for calculating the…[Read more]

I thought that would be the case because you cannot depreciate something that does not effectively incur any “wear and tear”. I must re read that section in the book as I may have interpreted it incorrectly.

Thanks again

Seb

Good to get some support!!
The general idea of this type of network is as Justin mentioned, to share ideas, information, opinions and in general to make friends, contacts with like minded people so that we can all benefit from each others knowledge and expirence.

I know Tracy wants to drive this and will be getting something…[Read more]

Thanks for the reply.
Sorry, when I said inner city suburbs I may not have been very clear. I definately do not have any plans to buy anything in the CBD! What I was refering to is closer to the city suburbs, ie. 10km radius of the CBD.

I have just purchased a property in Belmont as it is close to the city, there has been a lot of…[Read more]

I am quite new to property investment having just purchased my first property and am currently doing some research / developing a strategy for next financial year so that I may purchase at least another property before December.

I found your idea about developing a network of Perth investors interesting, what do you have in mind? What…[Read more]

I have just recently purchased my first home and I will be doing something similar to what you are thinking of doing.

My understanding is that as long as the house that you have applied for the grant for is your principle place of residence within the first 12 months after settlement that you will qualify for the FHOG. Therefore…[Read more]

Regards

Sebastian

Thanks for the reply. Do you happen to have Stuarts email address so that I can contact him?

Cheers!

Seb

Thanks for the advice. I had a look at your web page and was impressed, very comprehensive services that you offer! How do you structure your consultancy, is it like a mortgage broker / real estate agent, where if you find a suitable loan product and or property you receive a fee from the lender / agent?

Thanks, once again

Sebastian[]

Thanks for your reply. So what you are saying is that it is possible to make these lump sum replayments into a IO loan but there may be fees attached… OK Now would these lump sum payments come off your principle and hence affect your future IO replayments by reducing them?

Thanks

Seb