All Topics / Overseas Deals / Borowing to Buy(invest) Properties overseas

Viewing 12 posts - 1 through 12 (of 12 total)
  • Profile photo of kunuwekunuwe
    Member
    @kunuwe
    Join Date: 2007
    Post Count: 2

    Hi Iam new to this site.

    Iam trying to buy properties overseas.

    Can someone give me the names of good financial companies I can use.

    Thank you very much.[hmmm]

    Profile photo of L and J RhodesL and J Rhodes
    Participant
    @l-and-j-rhodes
    Join Date: 2005
    Post Count: 6

    Where overseas were you thinking of investing, close to home or further a field?

    Julie

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    No lender in Australia will lend for property overseas with the exeption of property in NZ. You need to use a lender based in the country you wish to purchase in, or use a LOC secured on an AUstralian property.

    Terryw
    Discover Home Loans
    [email protected]
    Send an email to get my newsletter.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    https://terryw.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://Terryw.com.au/

    Profile photo of kunuwekunuwe
    Member
    @kunuwe
    Join Date: 2007
    Post Count: 2

    Hi Terrry and Julie,

    Do apprecaite your reponds.

    Firstly I’m trying to buy properties in developing pacific countries.

    Basically, I’m trying to capitalise on the strong Aussie Dollar against them. In otherwords, you get to buy 2 or 3 times more with the same dollar in here.(In otherwords A$400,000 can snatch up to a million dollar building)
    Overtime when (5 years..from my research) thier local currency peaks up, I basically enter Australia again with a bigger buying power. It is a high a risk, but I have lived, grown up and work around them, and have a very good understanding of I would say everything.

    If there is no institution that can facilitate this, I guess we have to use our own savings.

    Let me know your thoughts.

    Thanks in advance
    Kunuwe

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    Or approach a bank in the country where the property is located.

    Terryw
    Discover Home Loans
    [email protected]
    Send an email to get my newsletter.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    https://terryw.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://Terryw.com.au/

    Profile photo of mortgageadvisormortgageadvisor
    Member
    @mortgageadvisor
    Join Date: 2007
    Post Count: 31

    Yes I think we will be able to help you with loan as long as you have a collateral in Australia.

    Equity Finance & Mortgages Pty Ltd
    mob: 0413 594 675

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    I think anyone can do that.

    The post is requesting an overseas lender to finance overseas security. I have done many US and UK deals but as Terry points out you will need to approach a lender in the country where the security is based.

    Not bad though been a member 11 days, 17 posts, 17 advertisements for business and still not accepting emails.

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me

    100% Investment Finance now available on selected properties. Email us for further information.

    Profile photo of L.A AussieL.A Aussie
    Member
    @l.a-aussie
    Join Date: 2006
    Post Count: 1,488

    Don't worry Richard;
    we are on to him/her/them and I'm sure the other forumites are as well, and will tread warily.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Marc

    It is just amazing. I just love posters who just have a mobile number no landline or email address for people to do their due diligence prior to contacting someone and are here merely for the touting of new business.

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me

    100% Investment Finance now available on selected properties. Email us for further information.

    Profile photo of rudo1phrudo1ph
    Participant
    @rudo1ph
    Join Date: 2008
    Post Count: 38

    OK, so please be gentle…..I am just trying to understand all this……

    I am considering buying a property in Asia.  I do have savings and could use these, but I would rather not tie up all my savings in a purchase.  So therefore I want to borrow money.

    Reading above I cannot get a standard mortgage from and Aussie institution to buy a purchase abroad….is this correct?

    From my research there is only one organisation on the country I am thinking of buying in that could loan me the money, so this might be an option, but I think the bureaucracy would be awful.

    So, my preference would be to borrow the money in Australia to finance the purchase.  Is this somehow possible?

    Please can someone explain the LOC concept to me – in language that a complete bozo would understand.

    Thanks

    Rudi

    Profile photo of imugliimugli
    Member
    @imugli
    Join Date: 2005
    Post Count: 87

    Think of a line of credit as a great big credit card, but secured against your property as opposed to being unsecured like a normal credit card.

    You have a limit and an interest rate and you have to pay x% of the outstanding debt each month, not an MMP as such like with a standard mortgage…

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    Rudi

    If you are thinking of buying in Thailand, I beleive the Bangkok bank, Singapore branch used to lend to non-residents, but they have recently stopped doing so.

    Another option is to buy something with Vendor finance. This is where the owner will let you pay them off in installments. I have seen a few ads for these deals in Thailand.

    A LOC will only work on Australian property with equity available.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    https://terryw.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://Terryw.com.au/

Viewing 12 posts - 1 through 12 (of 12 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.