If you’re looking for someone to sit face to face in Melbourne – Peter Tersteeg from Sage Lending Solutions is a great option. http://www.sagelending.com.au/

Otherwise with all the fan-dangled gizmos we have these days, it’s very easy to run everything through phone and email – I’d say around 75% of my clients are spread interstate across Australia. :)

You might be getting a little confused as a financial planner is usually used to provide financial advice (investing in shares etc) and risk mitigation (insurances) – which may not be what you’re looking for.

To review and consolidate your current debt, as well as gain advice on how to get yourself to a position to purchase your first IP you…[Read more]

No x-coll in the structure Terry has suggested, it’s essentially how I structure all deals like this.

The contract may allow them to access the funds to complete development works, or it could be held in trust until completion. I have seen purchasers lose their deposits as the developer has used the funds to develop, only to go bankrupt – leaving the buyers without any recourse.

Property is merely an investment vehicle – what are you goals? Why do you want to invest? When do you want to reach your goals?

Find the answer to these questions and then it doesn’t become a question of unit vs house vs any other type of investment – it becomes a questions of WILL this work towards achieving my goals, in the time that I need at…[Read more]

Location, structure, importance of Rate vs LVR. A lot of complexities here – if you’re genuinely wanting definitive advice with these kinds of deals it’s going to be best to engage directly with a broker who can drill down into the specifics.

The current loans will need to be refinanced and conveyancer/solicitor engaged to handle the transfer of your portion. Depending on the situation, stamp duty may be liable.

How much was the deposit, which lender was your loan applied through, why isn’t the loan getting approved?

It’s always prudent to ensure you’ve looked at all lending options before breaking a purchase contract – it can save a LOT of pain.

Really dependent on the commercial property, purchase price, asset type, location amongst other factors – having an indepth discussion with an investment savvy broker will give you a lot more info.

It can be very easy to say something desirable like 80% LVR but that wouldn’t necessarily be in your best interests.

In reality depending on the…[Read more]

Really dependent on the commercial property, purchase price, asset type, location amongst other factors – having an indepth discussion with an investment savvy broker will give you a lot more info.

It can be very easy to say something desirable like 80% LVR but that wouldn’t necessarily be in your best interests.

In reality depending on the…[Read more]

Kinnon’s on the ball, doing this can have implications on your CGT free status for your PPOR. Double edged sword.

Fairly bland rental returns for a regional, but if you can pick something up low enough and it fits your strategy it could well be worth it.

Keys things to look at with Regionals:

*population growth rates
*upcoming planning and development
*current yields and rents growth
*Vacancy Rates
*Stock on market

What draws you to Warrnambool in particular?

You won’t be able to run off the salary you’re providing yourself for income verification.

Lenders will generally want to see your two latest tax returns for the company – though some will take the latest tax return.

The only way you can potentially get finance is if you go down a low-doc route.

You will find that Financial Advisors/Financial Planners generally won’t touch on property, so if you find one which suggests they are a property consultant/strategist/advisor they are more likely than not an OTP spruiker getting commissions from developers. Likewise there are One Stop Shops which try to clip the ticket on every part of the…[Read more]

Heavily negative geared at the peak of a massive boom – what does your head say about the risk calculation?

DHA won’t negotiate on their management fees.

Also remember that in this process you will be trashing your credit file with further activity, which some lenders and their credit scoring systems can look at very poorly.

The only person who is going to be able to calculate your break costs is the lender. Give them a quick call and they can calculate this instantly.

The compare this against the rate saving available – more often than not this will equal the break fee.

It can be possible to break the free if you move to another lender who will beat the variable…[Read more]

Cash flow certainly can be a pre-cursor to capital growth, but I wouldn’t say it’s always a direct progression. Some areas show strong CF for a reason, because capital growth is in the dives indefinitely (buying in Timbuktu with no growth factors).

As always, the profit is in changing demographics – increasing buyer/seller ratio, increasing owner…[Read more]

Property management all the way. If you’re looking at building a large portfolio I find this absolutely necessary, otherwise you’re buying yourself a full time job.

If self managing you need to keep on top of the legislative requirements and tenants needs – as well as keeping REGULAR inspections of your properties, which I find a lot of self…[Read more]

Went to a number of opens in GWS over the weekend – I think Mark is on the money, the time is passing. The feeding frenzy from the recent boom may leave you with a potential correction (I’ve noticed a trend of some Sydney investors divesting at the current sellers market and reinvesting elsewhere). Brisbane and Adelaide are consistently coming up…[Read more]