No worries – you’re welcome.
Personally, I’m seeing less and less trust applications these days. They do have their place – but they’re not for everyone.
I’m not sure what’s written in the book – but there have been quite a few other new posters with the same question over the years.
Cheers
Jamie

Hi Fiona
Welcome aboard :-)
Personally, I think the West Syd boat has sailed – some of the properties going for $300k were being sold for $100k less only a short time ago. For that reason, I think there are better opportunities in other markets.
In terms of gathering data – I’ve got a fair few property data website links here if it helps –
Cheers
Jamie

Before rehab photos? I was expecting some different pics……then realised it was the overseas forum and “rehab” in the world of US property investing means something different :-)
Cheers
Jamie

Hi Wayne
You can still release equity – but if for some reason ANZ doesn’t want to play ball, you’ll be left having to refinance to another lender.
Usually you end up paying break costs – especially if breaking with a long fixed term.
Yep – I do assessments for Perth clients :-) Around 80% of my clients are based interstate – quite are few from…[Read more]

Hi Wayne
No worries – go for it. Can you flick me a copy once you’re done?
I wouldn’t fix for 5 years. Personally, I think it can be a dangerous move – especially in the world of property investing.
Firstly, you’re at the mercy of ANZ credit policy for the next 5 years. So if you want to release equity – and they say no, you’ll have to pay high…[Read more]

Hi Wayne
Welcome aboard :-)
For LL insurance I’d budget for around $800 p.a
With the interest rate, might be worthwhile using an inflated rate due to the current historical lows we’re experiencing – maybe factor in a 7% rate to be conservative. However, if you’re after a snapshot of how the numbers stack up right now – then use your current rate…[Read more]

Hi Andrew
Welcome aboard.
I doubt you’ll have any objections from this forum.
Cheers
Jamie

Hi Tom
Easiest place to find them is in the back of API and YIP magazines.
Cheers
Jamie

Hi Dan
1. Banker gets paid by the bank
2. Franchise owner prob just gets paid a commission from the lender- the structure would vary between franchises.
3. The valuation company they work for. However, the bank pays that company for their service.
Cheers
Jamie

Hi Wil
Welcome aboard :-)
In answer to your questions.
1. Correct
2. Depends on the bank – not all will do this. That’s why it can be advantageous to use a finance expert with access to a number of lenders.
3. Not true. It can be established for one hour if its sole purpose is to act as corp trustee and it’s non trading.
At the end of the day,…[Read more]

You’ll get there :-)
It’s a little different – but it becomes easier.
Cheers
Jamie

No worries.
I don’t understand why this is an issue though?
Cheers
Jamie

Hiya
Yep – if the property has gone up in value, it’s possible to extract equity to use as the deposit on another property subject to the lenders policy.
If the property goes down in value, you won’t be able to extract equity. There’s usually no implications for the loan – especially if the valuation was ordered upfront and not part of a loan…[Read more]

Hi guys
Would it be possible to list 10 (or more) of the most recent posts on the front page under “latest from the forum”?
I can’t speak for others, but when I head to the forum (which I’ve been known to do a little too often) I usually only respond to posts that are listed under “latest from the forum” – and there’s only 5 posts under the…[Read more]

Hi Frank
To be honest, I just read Pattaya and Home Loans and dismissed you as a spammer.
We get a lot of it around here – overseas posters who randomly drop by to spill some dribble about condos in Mumbai and place their links all over the website.
Apologies for placing your in the same category and welcome aboard.
Cheers
Jamie

We need that “report spam” button back.
cheers
Jamie

Hi Azza
Welcome aboard.
I don’t quite understand the question.
Are you asking if you can use the money from the sale of your current home to buy an IP and also purchase land?
Cheers
Jamie

Usually due to the rent going up over time.
Cheers
Jamie

Hi Meg
Welcome aboard :-)
I’m not an accountant so recommend you seek professional advice on the matter.
Generally speaking, if a property is going to be negatively geared then it’s ideal to have ownership (or a large portion of) in the higher income earners name as they pay more tax. Likewise, if the property is positively geared then it’s best…[Read more]

Hi Trisha
Welcome aboard :-)
Sounds like you need a decent BA – you can’t go wrong with Richard who posted above.
Cheers
Jamie