Total Members: 159,074

gshaheen

  • 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

gshaheen

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