HI Ethan

That’s exactly what I am talking about, refinance with original lender #1 for a LOC or something for that $76K
and use it + own cash for next buy. But to access that $76K lender will need to assess serviceability as what
terry said.

My question is how will lender #1 assess serviceability for the $76K LOC when it will be 100% serviced by…[Read more]

HI Ethan

That’s exactly what I am talking about, refinance with original lender #1 for a LOC or something for that $76K
and use it + own cash for next buy. But to access that $76K lender will need to assess serviceability as what
terry said.

My question is how will lender #1 assess serviceability for the $76K LOC when it will be 100% serviced by…[Read more]

Thanks Terry. OK so my understanding is not too far from the truth ;-)

So if the $76K is to be used in conjunction with my own cash as equity for yet another new commercial purchase,
with another non-recourse loan at max LVR 65% and a net positive cash flow position, how will the original lender
(for 1st property from which I am to borrow…[Read more]

Thanks Terry. OK so my understanding is not too far from the truth ;-)

So if the $76K is to be used in conjunction with my own cash as equity for yet another new commercial purchase, with another non-recourse
loan at max LVR 65% and a net positive cash flow position, how will the original lender (for 1st property from which I am to borrow…[Read more]

Hi guys,

Are the above investment rates same for commercial as well?

Thanks,
FXD

Hi Colin
I have no idea as the MB use their respective own aggregator which looks like another layer of obscurity to me.
But thanks for suggesting that.

Thanks,
FXD

Hi Colin,
No, all my properties are across multiple lenders already and not crossed.

Thanks,
FXD

Ok thanks Colin although when I was scrolling down the screen first seeing first line in your response I got excited :-)

Anyway, the actual situation when I said no more borrowing I mean I have heaps of equity but lender will not extend/increase existing
LOC limit or let me have an additional new LOC/loan facility. The reason is simply that no…[Read more]

Hi experts
A simple question.

Does going to MB across different states improves one’s borrowing capacity instead of just stick with the same state due to convenience
and accessibility reason?

Or that has little, if any, effect at all?

Unfortunately I am in the exact position that after discussing with couple of local MB I was told no more…[Read more]

The real concern I have with companies & the sales
pitch of their consultants saying things like:
“I also own a few such H+L properties in the same
development …” is that it sounds almost like Amway
in a larger scale in the properties industry.

Don’t like that at all but that’s just my opinion.

Hi Terry
Thanks for your explanation to help me narrow the question further.

My question arises from the context that if I need to transfer my ex-PPOR to my brother, both CGT and stamp duty will apply I assume.
However, my brother has already been living in the property for about 7 years or so and I have been absent for same duration.

No…[Read more]

Hi Terry
Thanks for your explanation to help me narrow the question further.

My question arises from the context that if I need to transfer my ex-PPOR to my brother, both CGT and stamp duty will apply I assume.
However, my brother has already been living in the property for about 7 years or so.

No question about SD as bro will pay as per any…[Read more]

Macc sounds like u r definitely in a better situ than myself when we bought our first one
back in 1996 and it is the typical worst house in the well not too bad street in my case.

Home ownership added quite a few extra costs then we didn’t budget in and we even had to
borrow part of deposit at higher rate to make the deal happen. So overall it…[Read more]

Thanks Corey.

Are you saying that the lease back rental may be
inflated by vendor to distort the true value of the
property?

Thanks
FXD