If you do substantial enough renovations, it can be as soon as 1 month – however this would mean needing to replace kitchens, bathrooms and full cosmetic reno.

In reality the valuer will note nominal increases after 3 months, but the biggest bang for buck will be achieved by waiting 6 months where the recent sale will fall off the radar and the…[Read more]

Multiple disadvantages, no real advantages.

If one property goes up 10% and the other down 10% – no equity release for you.

If you use lenders mortgage insurance you’re up for significantly higher costs.

Utilising a single lender is a great way to run out of borrowing capacity exponentially faster, by crossing up your initial portfolio you make…[Read more]

And will you be legitimately living in the property?

And how will he negative gear more with you renting the property, compared to someone else?

And will you be legitimately living in the property?

You’re meant to charge market rent, so the ATO can determine that majority % of your interest deductions may be invalid as you’re only charging 20% of market rent etc.

Leasehold motel business purchase? They’ll generally want property security from the directors/guarantors, historical financials for the motel etc.

Everyone at Precision Funding are licenced mortgage brokers who are specialised in structured investment lending – no financial advisors or accountants are under this business at this time so we can definitely assist on any lending needs.

If you need any other information on the services provided, I’d definitely recommend having a read of the…[Read more]

Everyone at Precision Funding are licenced mortgage brokers who are specialised in structured investment lending – no financial advisors or accountants are under this business at this time so we can definitely assist on any lending needs.

It’s all just silly trickery – in reality they’re saying if you pay more than necessary, you’ll save interest.

The same can be done for any repayment frequency. There is a marginal benefit in paying weekly in that interest is accrued daily and so you’ll be accruing less before the next payment, but we’re talking savings in the range of cents per week.

Hi Barlow,

Always happy to assist people – regardless of where you are in your investment journey and whether you’re ready quite yet, or still have to progress further before your first/next purchase.

It’s a strategy that some of our clients use – but with the lending environment moving in it’s current direction it is becoming more difficult to finance. The whole strategy is dependent on the lenders being happy to release significantly large funds each time without another purchase lined up, which in many cases they are now rejecting or…[Read more]

Hobby farms perhaps or renting out to adjacent farmers.

Moving a house onto the land can be quite an intensive activity in terms of effort and cost – we’ve funded quite a few of these which can range anywhere from 50-100k dependent on the services available and required by the council.

Just outside of the suburb areas – you might be stretching it in terms of deposit for 550k, you don’t quite have enough to support the minimum of a 95% LVR + costs. Likewise even at this level your LMI will be extortionate, upwards of 20k+ depending on the lender.

Leveraging up this high for your first purchase will leave you unable to release…[Read more]

The best advice in my opinion is to establish your long term goals early on. This will assist you in working out what your strategy will be for investing and what properties might be suitable for your needs. I actually recently wrote about how to plan your investment strategy here, it might be of use to you:…[Read more]

The best advice in my opinion is to establish your long term goals early on. This will assist you in working out what your strategy will be for investing and what properties might be suitable for your needs. I actually recently wrote about how to plan your investment strategy here, it might be of use to you:…[Read more]

Depends on the State – I’ve bought properties from the SA government which they offload periodically. Most States have a system in place for selling off excess/unwanted stock to the public.

A strategy of buying OTP, suggested by a seller of OTP? Who’d have thought?!

OTP has many hazards, if it’s as simple as buying in areas with expected CG, you can just buying existing stock on the markup without these pitfalls.

5 years is quite a long time to fix – which can leave you in a spot of trouble if your circumstances change over those 5 years.

Generally I wouldn’t advise a client to fix any longer than 3 years as it’s difficult to forecast your situation much further than that.

5.3% is an absolute extortionate rate too – many lenders are offering mid 4’s for…[Read more]

Generally the shorter end is 30 days, with most falling on 42-45 day settlements. It’s not that uncommon for some purchases to be upwards of 90 days in the owner occupier market especially.