Any restrictions in terms of finance or onselling it? Have you also seen the strata report?

Regards

Shahin

Simple answer is title. She can't do much if she trying to put the fence on your land. Which state is this in?

Warehouses in inner city are huge right now. Good, stable market and strong yields.

Regards

Shahin

jmsrachel wrote:
My last purchase had a crack so big i could fit my hand in. I'll be knocking the place down in a few years so didn't worry me.

Are you sure it was a crack?

Call the bank and ask to speak to the discharges team. Tell them Advantedge is offering 5.38% if you refinance. See if they can come close to it and if possible match it (highly unlikely though). 

Regards

Shahin

Of course with lo doc you will need to use a higher deposit base which is another potential disadvantage (particularly if you have an aggressive investment strategy). 

Regards

Shahin

I think that is still high. If you are 54 then there are a lot of pros with buying property under an SMSF. 

Hi Jenny,

Lo doc loans are provided for self employed applicants that do not have sufficient paperwork that would be required for any standard loan. Generally speaking and based on the stats released by lenders, this demographic of applicants are subject to higher defaults than applicants of full doc loans. This is why banks and other…[Read more]

Hi Boshie,

You are asking or in need of specific advice. It wouldn't harm or probably cost you to contact Tom and run through the finer details.

Regards

Shahin

Firstly why are those interest rates so high? Secondly, speak to a your banker and broker to do the numbers and see which scenario adds up. Thirdly, have you considered other strategies such as purchasing property under an SMSF or NRAS? 

Regards

Shahin

I would go houses over units any day of the week (mind you I actually hold 2 units in my personal portfolio). Not only can you renovate more extensively with a house but you can develop it and this is where the potential for capital growth increases. 

Developing may not be a strategy for you today but it may certainly be one down the track when…[Read more]

Jpcashflow wrote:
Wouldn't ARA require funds for stamp duty as well?

On a purchase of $500k in NT you are looking at approx $20k in Stamp Duty and $15k in LMI. The total funds required would be approx $535k. 

At a 97% lend your loan amount will be $484k so the difference between this and $535k will give you the deposit amount required which…[Read more]

Gold prices have come down so even with gold wiring it wouldn't cost that much.

Regards

Shahin

No lender will accept capital gains as taxable income for servicing unless (and this is a maybe not a certainty) you can seriously show that the capital gains is repetitive. By this I mean you need to show the lender a history (minimum of 2 years) capital gains income, you need to show that you are full time in this profession (i.e. a property…[Read more]

Hi Jaclyn,

I would recommend Catherine from Laing and Simmons in Mount Druitt.

Regards

Shahin

If you are looking to purchase something for $500k then you will need a minimum deposit of $51k and this is at a 95% plus LMI lend. Again servicing will not be an issue – its your deposit that needs beefing up. 

Regards

Shahin

Sydney's west is huge – which area specifically? Mount Druitt? Blacktown? Wenty? Parra? 

Regards

Shahin

What is the your price range (purchase price) and which state are you looking to buy in?

Regards

Shahin

Sit down with your broker or banker and crunch the numbers. In short, 'Pros' – you both have exceptional incomes so the sky is the limit in terms of what you can borrow. 'Cons' – you are deposit poor. Therefore the maximum you could purchase a house with a deposit of $30k (of this depending on which state you are buying in) would be somewhere…[Read more]

Youtube is great for specific reno videos but always leave the complex work to the professionals. It may cost you more to incorrectly do it yourself and then try and pay someone to fix your work (this has happened to a 'friend' of mine). 

Regards

Shahin