Hi Richard,I have a contact at CBA, in credit assessment that said they will consider a RTB scenario, based on the strength of the applicant.   A collegue of mine did a similar deal with Maxis, however, it was a fair while ago and their policies may have changed since then with regard to these deals, so you maybe right.CheersMatt Ce…[Read more]

90% loan in country local no drama, couple of options available depending on your situation.  CBA or Maxis just to name couple.Drop me a line or give me a call to discussMatt CentroneInvestor [email protected]: (08) 81325913Mob: 0402 278 019

Hi Chris,Yeah I have read the book you were discussing, by Margaret Lomas and know what Line of Credit you are talking about.  There are actually a number of banks and lenders that have this type of facility available but there are always subtle differences in the products and it depends on your situation and where you want to invest, which will…[Read more]

HiI agree with Richard that depending on the LVR then pre-sales are not a pre-requisite.There are some private lenders out there that will lend on Gross Realisation rather than Hard costs, whcih is probably the type of facility you will want to look for if you don't have pre-sales but the bottom line of the deal must be solid.  If I know a few mo…[Read more]

Hi fiveyears,I'll try to help, but a few more details are necessary.1. "an area" is that vacant land? What is it zone? rural, commercial, residential?2. What is your plan?  To develop then sell?Depending on the purpose and the parameters of the deal depends on how to go about finance.CheersMatt CentroneInvestor…[Read more]

HI Ian,I'm new to this forum and based in Adelaide, but I have read numerous posts from both Richard Taylor and Terry W and they both put forward intelligent and logical posts with regards to finance and investment so give Terry a call. I'm sure he'll be able to help you.CheersMatt CentroneProperty Investor and Financial…[Read more]

Hi ybuddha,Yes you can claim tax deduction on the portion of the loan that you use for investment property.  What you can do is split the loan so it is easier for your accountant, so that the portion of the loan that is to purchase for you PPoR is in one account and the remaining LOC for deposits on future investment properties is in another…[Read more]

Hey Nonnie,Before you spend $3000, I would shop around. Speak to financial advisers, accountants speak to specialised finance brokers.  Do your own research on property investment.   For example: 1) The financial software they provide, there are a number of different softwares available on the internet to assess the financials of propert…[Read more]

Hi NonnieE,Just out of interest how much does it cost to become one of their clients and what service do they provide?  Cheers MattMatt CentroneProperty Investor and Financial [email protected]: (08) 8212 0788, Mob: 0402278019

Hi Duc,I'm from Adelaide also and I know that the property market here at the moment is very exciting.  I think Marc's advice is very good in that if you structure some of your loans so that the $600K sits in an offset account, the cash will still be available in case of an emergency, however it will offset against your interest repayments giving…[Read more]

Hi Peter, I definitely recommend an investment plan for all my clients. What I actually do is work out with my clients their goals long term and short term. This is formalised and written down. I start by preparing a property portfolio review, which basically looks at their current financial situation, the structures they have in place, their…[Read more]

Yeah, I agree with you mate.  I know a couple of people who have used them, but its not my cup of tea.All the bestMatt CentroneProperty Investor and Financial Strategist[email protected] 

Hi Thonas,I've encountered this type of loan, and basically what happens is that the lender charges around 4% interest but also capitalises 4% on your loan amount for a specified period which may be 3 or 5 years, meaning that your loan amount is actually increasing, after the specified period runs out, the interest rate then reverts back to…[Read more]

Hi Peter,  A few more answers.  1) An offset account, is a transactional account like a savings account however it's amount is offset against your loan amount.  For example if you have a loan of $200K and $20K in your offset account, you only pay interest on $180K.  If you then spend $10k from the offset account you pay interest on $19…[Read more]

You could definitely get a higher LVR than 60% if its considered a commercial lend. You could also try to value the units individually and lend against them as residential with different lenders, (longer and more expensive process, however this could mean getting up to 95% on each unit individually).CheersMatt CentroneProperty Investor and…[Read more]

Hi Peter,I'm from Adelaide too, its good to see someone else on this forum from SA.  Firstly you should unlock the equity in your PPoR with either a LOC or an offset account facility.  They both operate in a very similar fashion. However depending on the amount you borrow  and which lender you use depends on your interest rate and the fees ass…[Read more]