Hi GOM,It is possible to do 4 units on a single title.  Must be established, not construction or off the plan.  Can be company, trust or personal names.  4 is the max at 80% LVR. Full doc only.You mention securing to PPOR, but even if you did need to use equity in PPOR I would secure separate loan to PPOR and not cross-collateralise.  You can use…[Read more]

Hi David,I am visiting UK for the first time in August. Really looking forward to it.  3 weeks without the 4 kids, 2 cats and the dog. Just me and hubby travelling around visiting friends and family. What part of Australia are you moving to?You are at the right website if you want to find out more about buying without deposits and finding out d…[Read more]

Hi Wisepearl,Here is a list of building and pest inpecting companies.  I recently purchased a property too and this is the list I was given.  I ended up using A1 which did a good job and emailed me the reports within 24 hours.Cheers,Tracey A1 Home & Building Inspections PO Box 185 Kingsway WA 6065 ph: (08) 9278 2794 Structural Building In…[Read more]

Hi Act09,I agree with Richard.  Be careful with your structure.  You may find you have a lot of hoops to jump through when it gets to financing the deal.  Speak with your broker or bank and ask the issues in getting finance in the structure you have decided upon BEFORE you set it up.  Some investors have set up complicated structures only to fin…[Read more]

Hi Act09,I agree with Richard.  Be careful with your structure.  You may find you have a lot of hoops to jump through when it gets to financing the deal.  Speak with your broker or bank and ask the issues in getting finance in the structure you have decided upon BEFORE you set it up.  Some investors have set up complicated structures only to fin…[Read more]

Hi Matt,As you are a mobile lender with a bank I am sure they will be feeding you leads so should have a head start.  My advice would be to set expectations to the timeframes that your bank is working with.  Know the credit policy, mortgage insurer's policy and every product you have. Stay in touch and always let them know where their loan a…[Read more]

<font color=”#000000″>Further to my post from 3 years ago. It amazes me but I am still getting emails requesting the r codes – which is great to see that so many people are going through the forums on propertyinvesting.com to learn more about investing.  To make it easier for everyone and to get the information instantly it is also available on < …[Read more]

Further to my post from 3 years ago. It amazes me but I am still getting emails requesting the r codes – which is great to see that so many people are going through the forums on propertyinvesting.com to learn more about investing.  To make it easier for everyone and to get the information instantly it is also available on http://www.propertyinvestornetwo&hellip;[Read more]

Hi Mooki,We have a group that meets once a month in Perth called the Property Investor Network.  Anyone from any state can join though and get access to information on the website.  Benefit is that it is free.  You can check it out at http://www.propertyinvestornetwork.com.auKind Regards,Tracey

Hi Magic32,

It really depends on what you can afford. It looks like you have a good disposable income and high borrowing capacity.

If you want to get maximum properties in the short term and make the most of your capital then 95% with LMI is the way to reach your goals sooner.

With a redraw facility you can redraw up to the loan amount only,…[Read more]

Hi,
If the property has dual zoning eg: R17.5/R30 then either of these can apply. You have to get all the normal council approvals.
I have a copy of the R-codes and can email it to anyone who wants a copy. Just send me an email.
Regards
Tracey

tracey@propertyfinanceonline.com.au

Hi Apostle,
As far as I am aware the stamp duty is only payable on the option fee. Unless this has changed in the last 12 months??

Here is the answer I received (over the phone): Stamp duty is payable on the option fee because this is all the contract is worth when stamp duty is payable. When the option is exercised then the stamp duty is…[Read more]

Greg,
Is it a studio/bedsit or is does it have a separate bedroom? If a studio it is possible to get finance if it is under 35sqm. I am assuming it is inner city.
If you want to sell by vendor finance or lease option can you please send me the details to my email address.
Regards
Tracey[biggrin]

tracey@mastersgroup.biz

Hi Luke,
Long time no see. I hope everything is going well for you. As far as I know in WA you have to pay the stamp duty in a flip and you don’t need an agent licence. Best idea would be to contact the Dept of Consumer and Emp. Protection and State Revenue and they should be able to give you advice over the phone. I hope to catch up with you…[Read more]

Hi Greg,
If he’s earning $100K a year he should have great super. This can make a big difference when an older person applies for a loan. If the lender can see he can pay it out at retirement or will have a good income from his super it is much easier. He can contribute a fair bit to super at his age too, so it may be adding up quite…[Read more]

Hi Teeks,
Wrapping is not illegal in WA and yes you will need your credit providers licence. It can take 6-12 weeks to get one. If you have the application already then you know there is a heap of things you need to organise.

You can take the UCCC test on the MIAA website, I think it costs about $110. It is a requirement you have an…[Read more]

Hi Ausprop,

Can you please email me and let me know who you are?

I am sorry about having the meeting on a Friday night, but guest speaker can only do Friday. He is fantastic so you will be missing out if you don’t come.

I would only be at home watching TV anyway. You can always go out after the meeting. Although, I never get away before…[Read more]

Hi Adams25,
Spearwood, Hammy Hill and Bibra Lake are OK but Coolbellup – is there still much potential there?I spent about 2 hours driving around there a couple of days ago and I didn’t like the area at all. I would look around the Kwinana area before Coolbellup. Just an opinion.
Cheers
Tracey[biggrin]

tracey@mastersgroup.biz

Hi everyone,
This does sound like a split loan. So no it’s not tax deductible. If it sounds to good to be true it usually is. Don’t walk run.
Good luck[biggrin]
Tracey

tracey@mastersgroup.biz

Hi Peter,
I am assuming he is an Australian Citizen or a Permanent resident and he is returning to Oz. If this is right he can borrow up to 80% as soon as he is working full-time PAYG and not under probation. Of course his wage would have to service the loan.
Regards
Tracey[biggrin]

tracey@mastersgroup.biz