Let’s say I’m a real estate agent. I’ve got 5 houses to sell at any one time.

One of them is a guy who thinks I clearly can’t get the best deal for him and has another guy to also market it.

I can either spend my time trying to sell that guys house whilst potentially have the other agent find a buyer first – or I can focus on my other listings…[Read more]

Good way to get two agents who don’t really care about selling your property as they know another party might sell it before them so won’t invest the effort.

I know quite a few agents and have spoken with them on this exact subject – they’ve all said the same. Only desperate subpar agents would bother with this for a residential house.

This is a…[Read more]

Indeed – this is where renting early on generally makes the calculators look a bit healthier than if they have a PPOR with mortgage. What I’m noticing more and more however is that many who rely on this then are wanting to buy a PPOR only to find out they no longer have any capacity and either have to sell down some IP’s or just not buy.

The…[Read more]

Considering most 2nd tier and alternative lenders have been around for 40+ years if not longer I’d say the market is already priced in – this isn’t exactly a new thing.

Considering most 2nd tier and alternative lenders have been around for 40+ years if not longer I’d say the market is already priced in – this isn’t exactly a new thing.

Considering most 2nd tier and alternative lenders have been around for 40+ years if not longer I’d say the market is already priced in – this isn’t a new thing.

Yes you still can get a lot with a 457 visa – there are some lenders who won’t take this visa type or have recently pulled away from it, but there are still options available.

Re; the bad credit – very unlikely that your previous UK credit file will be picked up in Australia.

This is the very definition of being lead down the garden path.

The accountant is just making money off the referrals which in turn are funded by selling you overpriced rubbish apartments.

A quick look at poor rental growth, declining values of constructed apartments and huge supply issues with apartments should give you more than enough…[Read more]

If they used proposed end values post strata (GRV) – they would generally only lend 65% of the amount in commercial so you’d be worse off than this being financed resi @ 80% of the lower val.

There’s a few pathways you could go down depending on:

*whether the property would potentially be a PPOR or an IP one day
*what you would like to keep the funds liquid for
*what your plans are for future investing potentially
*where the current PPOR is
*borrowing capacity/personal scenario

You could:
-release equity on your existing PPOR and…[Read more]

Be careful with this – many lenders are heavily restricting cashouts so you may draw the funds out and find then that you can only work with <10% of lenders as the others won’t allow you to draw the funds back out due to the latest round of restrictions.

Best to speak with an investment focused broker who can determine whether you might cause any…[Read more]

Interesting that they would be looking at Latrobe finanical. Do you have bad credit situation, ie something going on with your credit file?

Their borrowing capacity calculator is OKish but nowhere near the best and have significant costs – so I’d be curious how they fit the best.

Terry’s touched on some of the other considerations to make re;…[Read more]

Interesting that they would be looking at Latrobe finanical. Do you have bad credit situation, ie something going on with your credit file?

Their calculation is OKish but nowhere near the best and have significant costs – so I’d be curious how they fit the best.

Terry’s touched on some of the other considerations to make re; the lender.

Just a quick one Benny – you’ve got the general right idea why banks aren’t too worried about this. (besides the fact it would be an immense adminstrative burden to keep trying to get the right ownership type up to date for millions upon millions of loans) But the 30% cap is for amount of new interest only loans being written, not investment…[Read more]

Agree with Matty – Norlane, or even cheaper would be Corio. Geelong in general has a lot of options around the 400k mark and is incredibly popular with investors at this time. I think there’s a lot more value investors in Geelong compared to the alternatives ie Melton.

Generally not – valuers will generally disregard them on valuations too as there is no evidence to show they increase value. Pools are similar – they are highly subjective so they don’t necessarily increase the value of the property.

Renovating your bathroom on the other hand is generally a great way of increasing value in the property – just…[Read more]

Floating around circa 70% at the moment – generally the leverage stays at this point as I debt recycle to leverage equity into property deposits/shares. So long as there is a reasonable enough ROI I’ll keep doing so.

It’s about achieving the desired outcome – borrowing more/as much as you can. The old trust ‘loophole’ is dead – but you can…[Read more]

Not too many FP’s up in Darwin! Haven’t met any of the guys up North who usually come down to Adelaide for most training events – but there is a couple kicking around.

One of my advisers Steve from our office is the SMSF whiz – with years under his belt as a CFP and previous accounting background. Feel free to send an email through if you’d like…[Read more]