there are lenders out there now who are doing 100% loans with conditions not as restrictive and as expensive as Liberty. If you have a little equity in your home this will make the difference with the costs, which on the properties that we discuss is fairly minimal.

Cheers bobbie

I agree with Stuart, revisit your objectives and stick by them. Everyone has a different strategy and look at why you purchased in the first instance. It is easy to get caught up listening to everyone that has an opinion and then start to have self doubts. Those who have made money with real estate at some point were told ‘your mad’

Your next…[Read more]

Hi there,

Maybe I am wrong, but I think stamp duty is what is known as a capital cost and cant be written off as a tax deduction in the first instance like other costs. Stamp duty forms part of the equation when calculating capital gains.

Someone correct me if I am wrong…

Cheers Bobbie[]

Hi Buck,

Generally the lender will accept a rental appraisal letter. The Nab with discussions with them will take all of the rent.

With respect of newly formed trusts, a number of lenders will accept this, if they are set up for the purpose of acquisition of property.

As you are a guarantor, the lender will look at your ability to service the…[Read more]

different lenders will take a different % of the rental. Each of the lenders have their own serviceabilility criteria. What the others have said is absolutely correct, they will take into account what the equity level is, but also your ability to service the debts. It is a minefeild but not too difficult, Strike up a good relationship with a…[Read more]

Hi ChocolatE,

email me at [email protected]

I can pass on a name or two that may help. I am still searching for ppl who can help my situation, but happy to pass on other info.

Cheers

bobbie []

Hi Steve,

Maybe you could suggest or hint []who your guy is at the NAB…a name and number is fine!!! I spoke to one and he assured me it would be listed on my craa.

I am not suggesting that he is no thorough as the nab don’t accept anything less, we just want the little tricks that will help us. [][][][][]

Is that enough smiles and winks???

I…[Read more]

Kate I have emailed you, please let me know if you don'[t receive it.

Have a great day

Cheers

Bobbie[]

I have always used a solicitor and it has always settled without hassle and on time. I have yet to approach the subject of ‘wraps’ and test their knowledge and therefore will contact the ones recommended by Steve. Better to deal with someone who consistantly does them rather than a novice, which is what I will be wrapping. Once I have the…[Read more]

I recommend the HP 10B and if the instructions daunt you I can give you some easy step by step to give you the answers you need. contact me at [email protected]

cheers[]

I found the game frustrating because of the non contributors on the table. We sats down and worked out a strategy and sent people out with particular tasks. The tenant, finance etc etc. 3 of the people came back with no information because they just went and listened to the ‘group’ which for learning was great but not contributing to the ‘team’…[Read more]

Hey Mini,

sounds like you did a fantastic job and had tons of fun doing it. Where did you buy and what LVR did the bank do in a little town and what bank did you use?

Rest up and get ready for the next one!!!

As far as the outgoings are concerned, it maybe a comercial lease, therefore they all met by the tenant. Serviced Apartment have no history for capital growth unlike traditional property. Make sure it is subject to finance and an independant valuation. What are the replacement costs with resect of refurbishment. I am sure there would be…[Read more]