Commercial deals are usually around 75% LVR, soemtime you can get 80%. I ahve never heard of anything over 80% LVR, but I do not specialise in this area, so may be wrong.

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

Hi

It is very easy to get the loan when using a trust. In fact it is vritually the same as when applying for a loan in individual name. The only difference is the bank will want personal guarrantees from the trustee and/or unit holders and will want to see a copy of the trust deed.

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

The Guru is correct, you can’t actually get the hybrid online at the site I mentioned. There is another site that offers these, but I have heard they are not very well prepared. So if you are after a hybrid, it is better to go to Dale GG for these, or someone else

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

Hi Ahmed (and Mel)

I suspected this was the case. Actually there are not many lenders that will go to 90% LVR on low doc loans. GE is one of the very few.

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

I am not an accountant, but would think it won’t really matter. One of you will be director of the company, which is not trading. If the trustee is sued, it would be the company at risk. the trustee could then be dismissed by the appointer and new one appointed. so the trust assets would be safe. Now the director of the trustee company may be able…[Read more]

AS it will be a different company, you can use whatever name you like. It may be better to use a completely different name as similar names may imply a relationship (people may dealing with the business may find out about the properties more easily).

Why is your accountant recommending a compnay strucuture? I would never use a company to hold an…[Read more]

hi

There are also tax considerations. It may be better to put down a larger deposit on your home as this will reduce you non deductible interest.

Is there any particular reason you are looking at GE?

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

It costs from $275 to $2000 to set up a trust. You could do it online, or pay an accountant (who will do it online). Check out this one:
http://www.LawCentral.com.au

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

You could find a valuer from the yellow pages, but one good company that we often use is Hodder Rook in North Sydney (tel (02) 9956 7611).

Have you considered getting a building inspection done too? They could probably give you some figures on costs for repairs too.

Both of these reports should help you negotiate with the…[Read more]

James

I suppose one of the biggest advantages is, if your family composition changes (eg wife, kids come along), then they will usually be beneficiaries of your trust. The deed is generally vague and lists yourself, and any spouse, children etc.

Another advantage is a company can also be a beneficiary. So if you make soem huge gains and would…[Read more]

Back to the topic, Tony, did you find a lender?

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

If you are selling your IP, then it is probably better to wait for it to be sold to access the money, otherwise it would get complicated.

BTW, you many not have to pay CGT at all, check with a good accountant.

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

Depending on the LVR, some banks will allow you go go into the red in their serviceability models – but not by much.

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

Don’t forget there are two mortgage insurers, so rates will differ. Also some banks add a little margin on for themselves, so rates may vary between banks. However you coud use the above PMI calculator as a guide.

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

Not all loans will appear on your credit file. As Pisces mentioned, soem private lenders will not make an entry and will not even care what you file looks like.

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

I haven’t read all this post, but would like to say Chritians do not have a monopoly on morality.

Being wealthy is not a bad thing. It depends on what you do with the wealth.

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

From what I have seen and experienced, I would forget postive cashlfow property unless you want to make $2000 or so. The real money is made from building. You may not neccessarily have to sell. renovations can often end up not making much money unless your handy.

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

Did you see that property investor on the front page of the Australian? She was pictured standing next to her mercedes and was quoted as owning 22 properties.

She is crazy. Going public like that will only cause problems. imagine if her tenants see her. they will think she is rich and maybe decide not to pay the rent. friends will see her and get…[Read more]

Have you got a 100% offset account linked to the IP loan? that would be another option.

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

If your IP appreciates to $200,000, you cannot borrow $200,000 against it, but only 80 to 90%.

There is nothing stopping you puttting htis extra money into your home loan. However the interest on this portion would be be claimable as it relates to personal expenses.

You could use this money as deposit on another IP, but only the interest portion…[Read more]