gshaheen replied to the topic Commercial property valuation: tenanted vs vacant in the forum Commercial Property 8 years, 4 months ago
Hi FXD
1. There is absolutely no hard and fast rule. I assume that when you refer to a commercial property valuation, you are referring to a bank valuation for mortgage purposes (As opposed to a Real Estate Agent valuation). Valuers use primarily two methods to determine the value of a property. Direct Comparison approach where they look at…[Read more]
gshaheen replied to the topic Commercial property valuation: tenanted vs vacant in the forum Commercial Property 8 years, 4 months ago
Hi FXD
1. There is absolutely no hard and fast rule. I assume that when you refer to a commercial property valuation, you are referring to a bank valuation for mortgage purposes (As opposed to a Real Estate Agent valuation). Valuers use primarily two methods to determine the value of a property. Direct Comparison approach where they look at…[Read more]
gshaheen replied to the topic SMSF Co-owner use in the forum Legal & Accounting 8 years, 4 months ago
I tend to agree with you Jacqui. Seems overly complicated and I can’t image this being in line with the strategy of an SMSF. Always keep in mind that your SMSF represents your life savings.
Richard – Nothing gets you around the SIS Act when purchasing in an SMSF. I’m simply sharing some structures that I have seen before when clients did not…[Read more]
gshaheen replied to the topic need mortgage broker in the forum Help Needed! 8 years, 4 months ago
Hi Richard,
Just like there are bankers who have previously set up poor loan structures, there are Brokers in the market who serve their own self-interest. Whether this means that they chase the highest brokerage / trail, or potentially only referring deals to “preferred” financiers.
Not sure about the space you operate in – In the commercial…[Read more]
gshaheen replied to the topic need mortgage broker in the forum Help Needed! 8 years, 4 months ago
I actually work at one of the big four banks. You don’t necessarily need to go to a broker in order to find someone who knows this information.
What you really need is a good banker. While they are hard to find, they definitely exist.
Are you looking at commercial or residential investments?
What is tricky about your circumstances?
George
gshaheen replied to the topic SMSF Co-owner use in the forum Legal & Accounting 8 years, 4 months ago
Hi Richard,
I do a lot of loans for SMSFs in Victoria.
While I haven’t come across your exact circumstance before (residential property with personal use aspect), you may wish to explore the possibility of a Unit Trust owning the property.
Units in the Unit Trust could potentially be owned by your SMSF with remaining Units held in either your…[Read more]
gshaheen became a registered member 8 years, 4 months ago