Correct

They are similar to a few of the groups getting around, that are associated with property educating arms. For example I was associated with a property group, and now another one.

The difference is they should be know about property investing, asset protection, knowledge of the finance process behind the scenes, but more importantly how…[Read more]

We dont have those type of vehicles, but achieve the same in other ways.

1) By using a hybrid trust, so that interest is attributed back to the highest income earner.

2) There is a special property trust that claims you can pass back the interest costs as well.

Stamp Duty – the rates differ for each state. There are many calculators…[Read more]

Correct

Of course, you will have to be able to service that extra amount to get it, and also apply for it. If the loan/limit amount is currently 150K then you can’t go past that till you apply.

In the end my loan will be 180K and my property will be 200K + the renovations.

Well hopefully – and if you have done a better job it may be worth more.…[Read more]

Originally posted by ptn:
If you bought a IP in a company with a director and 2 additional share holder. What happen to the IP if you add an additional share holder or you liquate a share holder? do you have to pay stamp duty?

No. The company is the owner of the property, and shareholders are owners of the shares. Shares can be sold, bought or…[Read more]

Correct

There is no need to withdraw the 50k beforehand, unless you need it right now, but be careful. It is best to have a second account for accounting and taxation puposes.

If you are refinancing you would set up the new loan with –
one split of 100K for existing mortage.
second split of 220k for investment purposes.

You MAY be able to ask…[Read more]

LOC (line of credit) acts just like any other loan in regards to how much you can get, although most will only allow 90%

so on your 200K equity it would be 180K LOC.

OF course that depends on serviceability.

Eden

See if this helps

a LOC (Line of credit) is like an overdraft but secured against your property, and is normally a transactional…[Read more]

It will depend on the investors strategy, cashflow, capital growth, etc.

It sounds like you need to look at what your strategy is first. Then talk to a mortgage broker, give them details of your financial situation and tell them what you want to do. They can quickly determine if it is possible.

Regards
John

Inspired Finance
(02) 9944…[Read more]

The only one I can think of is

Only the director/s of the company have to go on the loan application. Shareholders do not. If you had a couple of full docs and a couple of Low docs, and the full docs could service the loan, you can get better rates and lvr if the full docs are the directors.

Companies may also pay less tax, but this depends on…[Read more]

Just note that many of the non-banks do not have the ability to change the LVR – there are options other than the banks

Servicing calculators do factor in a higher interest rate, but if you do move outside their risk profile……

If you want to deal with banks you can spread it around between them. Although they can see your position, their…[Read more]

many finance companies do not like them. Can’t remember why. MAke sure you have appropriate clauses in case you can’t get finance.

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

That is fantastic news

Too often properties bought from other real…cough did not value up.

Must be a really poor market out there unless you buy from LJ…cough. They just seemed to have the right priced properties, and all those others were overpriced.

Well hopefully other valuers on other panels will have an arrangement with HTW.

Thanks…[Read more]

LMI will differ between each mortgage insurer and also differ for each lender. But overall the differences are small.

Without knowing exactly what you are buying, I would guess that the “differences” we are only talking about a one to a few thousand dollars. Smaller valued properties would even be less than that.

You mention Self Employed and…[Read more]

What Grossrealisation said is a good way to do it.

Keep in mind –

* Finance will be on the land and construction – you will need extra for demolition/removal if there is an existing property. (You may be able to sell the house)
* Worth getting a valuation at beginning (to correctly price the property (no misunderstandings even if you add some…[Read more]

Although I am not talking about litigation, I would say that many wealthier people use trusts to protect their assets, and it does work, as long as you abide by a few rules.

If NAB holds your title over your PPOR, then it is at risk.

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

Don’t focus on whether its one or two.

Your focus should be on the right property. If you buy correctly then that will boost you into more.

Start doing your due dilligence on where you want to buy. If you find a couple of places where the deposit you have allows you to buy both, then fantastic.

Regards
John

Inspired Finance
(02) 9944…[Read more]

Originally posted by foundation:

I absolutely dispute this assertion.

Let’s see:
Our wealth is dependant on our housing market. The housing market is dependent on debt levels rising faster than income.

Therefor our wealth is dependant on debt rising faster than income…[blink]

Lol too pessimistic for me, and also too one sided. You…[Read more]

Misconception – If you buy an investment property it does not stop you from applying and getting a First Home Owners Grant, as long as you never lived in the property.

Storage Boxs/Carparks – good cashflow, because they are harder to sell, and also harder to finance.
Take student accomodation – it is very difficult to finance, therefore harder to…[Read more]

Some clients would prefer to meet with their broker some do not care. Therefore whether your broker needs to be in Adelaide is up to you.

If you do find one ask the following –

Is he a member of MIAA or FBAA
How long has he been in the industry
How will he be paid
Is he acting as a broker or selling his own product
Does he invest himself.

Well…[Read more]

Well it depends on –
whether the property is close
whether you want the hassle
whether you can be tough enough when required.

A good property manager is worth their weight in gold – but you never have to pay them that much.

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

As a guide – there is a relationship between house prices and unit prices where the unit price is just under 80% of the house price.

It is a guide only, but look at 2 brm houses in the same area of where the units are to se if they may be under or over priced.

But that only gives you a guide to whether you are buying well.

From what you have…[Read more]