buxton

the normal way to use a cap rate and known net rental income stream to determine a properties value is thus:

Net Rent / cap rate % = value

for instance…net rent = $12000, cap rate = -8%

therefore…

$12000 / -8% = -$150 000

so in fact, you would have to give me your property plus $150 000 cash.

not looking too flash i expect,…[Read more]

it was extended. no change.

edit: no change till end December 05 – see the link & never believe everything u read

“Victorian Treasurer John Brumby MP has announced that the First Home Bonus scheme will be extended until 30 June 2007.

This extension means that all first home buyers who qualify for the Victorian Government First Home Owner Grant…[Read more]

yep, anz will do 95% and cap MI to 97%.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

why don’t you use a deposit bond if your cash is tied up else where?

if i was a seller i’d want a 10% deposit or at least 5% – because if you default on the purchase and don’t complete – i’m gonna keep your cash as compensation for stuffing me around, lost momentum of sale program and for potential further loss in the event i have to sell it for…[Read more]

sure, if its really quirky then there is a higher liklihood you’ll get burnt – if the design and construction is relatively standard and appealing to a majority of buyers in that market, it will recieve a positive responce from the market.

ultimately you have to compare other properties that are for sale and have sold to what your finished…[Read more]

me thinks house and land. certainly here in brissy, vacant land is very slow to move, and is not achieving premium let alone asking price.

why? i hear u ask, well, combination of high cost of building, poor availability of trades people, and u can usually find what u want to build already available.

cheers

brahms
Purveyor of Fine Finances
aka…[Read more]

Originally posted by jparsons:
Brisbane is still behind Melbourne and Sydney

jparsons – people use this jargon a lot, it’s a bit of a nonsense really (promoted heavilly by realtors of course) when you consider –

– comparitive populations of Syd, Mel and Bris
– comparitive economies of each

Brissy is a great place no doubt, but now that our…[Read more]

Originally posted by jewel:
If interest rates were on the rise wouldn’t banks be increasing their fixed rates?

To add more detail to my topic I’m looking at buying at Nudgee Beach

hi Jewel, no not really, they just buy it and re sell it to you at an appropriate margin – very difficult to make conclusive trends from this sort of comparison.

i…[Read more]

Rob, its

et al

. adv 1: used as an abbreviation of `et alii’ (masculine plural) or `et aliae’ (feminine plural) or `et alia’ (neutral plural) when referring to a number of people [syn: et al, and others]

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

your not very good at math are you amused?

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

i’ll save you the wait…have an early night after drowning your sorrows, or should i say ‘blues’

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

thats a pretty all encompassing statement… what part of Brissy are you considering, and was it Ian McFarlane who gave you the interest rate tip??

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

as your looking at ‘deductible’ debt – many like to maximise this area as opposed to using their own cash – as Terry indicated, you do this by using equity in another property, either by cross securitising them, (please no howls of protest, we’ve done this to death and back) or by accessing the equity in a separate loan.

even if borrowing costs…[Read more]

ian from brisnyland

its a pretty streamlined approach, usually the existing loan continues as is – the construction loan is drawn down 4-5 times paying the builder as per stages completed, interest only on most const. loans, until final payment is made and house complete.

generally the two loans can be combined and you continue paying either i/o…[Read more]

cutegirl

also, you may be looking at ‘managed apartments’ – where you have a long term agreement with the managing agent (in house).

the apartments are generally run like a motel, short stay etc. in the cbd.

i have clients who net considerably more month in month out with their managed apartments than their standard suburban long term rental…[Read more]

So….

as long as the interest on the directly connected mortgage was claimed – then there is no issue?

(I’m also not an accountant)

the fact that other expences are capitalising should be of no interest to the tax gestapo so long as one is not claiming them…so far so good??

in essence i think it’s a cashflow advantage – probably suitable…[Read more]

hi Terry – what do you think the primary motivation would be to do this – i’m sort of thinking it could be used to minimise cashflow whilst maintaining (or slightly worsening) debt – but a method which could significantly support additional borrowings in the short/medium?? term.

To my knowledge i haven’t seen anyone do this, but it is certainly a…[Read more]

rob, no, i’m not going to.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

thats a great question for your lawyer – you could also…no, there is little else to add to that.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

rent isn’t dead money – its the economic cost of NOT living under a bridge. everything has its place and time.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane