Total Members: 159,214

mcho7688

  • mcho7688 started the topic Home loan for foreign investor in the forum Finance 8 years, 4 months ago

    Hi there

    Does any mortgage broker still do property loan for foreign buyers from Asia?
    What criteria and how much LVR max for them?

    Thanks

    Shawn

  • mcho7688 replied to the topic tenancy agreement in the forum Help Needed! 8 years, 7 months ago

    Thanks DT, good to hear that.

  • mcho7688 started the topic tenancy agreement in the forum Help Needed! 8 years, 7 months ago

    Hi there

    Looking for help on existing tenancy. I am living in a unit with lease expiring feb 2017. The existing owner has sold this unit to someone under contract due for settlement next month. I am concerned if the new owner would looking to move in anytime after he takes over. WHAT CAN i do? Can I ask for compensation from buying owner or…[Read more]

  • mcho7688 replied to the topic Short Story, how I got my Tenant out. in the forum Legal & Accounting 10 years, 10 months ago

    thanks Adrian. Will call u to find out more.

  • mcho7688 replied to the topic Short Story, how I got my Tenant out. in the forum Legal & Accounting 10 years, 10 months ago

    Hi all, I am facing similar situation in northern Brisbane where tenants were served eviction notice by COurt to vacate by today but my neighbours was telling me they are still there. The tenants were family of four, including a four and five year old. I have been advised by my property manager I would need to call police to evict them which could…[Read more]

  • mcho7688 replied to the topic Buying a Block of Units in the forum Help Needed! 11 years ago

    Thanks for clarifying the GST part, Richard.

  • mcho7688 replied to the topic Buying a Block of Units in the forum Help Needed! 11 years ago

    Hi all,

    Sorry if I ask a question on slightly different topic on block of units, just wondering why some of the sales requires buyers to pay GST? I happen to see an ad for 1 block of 4 units for sale here in Brisbane with tenants already in it. Had done some checks that the block was built in 1992.  Could it be the current owner strata titled…[Read more]

  • mcho7688 replied to the topic CGT on an Installment contract in the forum Legal & Accounting 11 years, 8 months ago

    ok. Thanks, Terry.

  • mcho7688 replied to the topic CGT on an Installment contract in the forum Legal & Accounting 11 years, 8 months ago

    I have a question quite similar to this situation: I would like to purchase a property  in a traditional with an intention to onsell on vendor finance terms (hopefully) both happening by settlement date.  Would the contracts in the traditional title transfer require just a clause which allow me to do so or do I need more complex paperworks to…[Read more]

  • mcho7688 replied to the topic Refinancing before settlement in the forum Finance 11 years, 8 months ago

    Thanks for the advice.

  • mcho7688 replied to the topic Questions on who’s paying what for property under tenancy in the forum Help Needed! 11 years, 11 months ago

    Hi all,

    Thanks for all the answers. Have been trying to sort things out with the agent. Not to perfection, but this rental manager has been really understanding and systematic. Hope she would be there long  to inculcate her system of management into the agency.

    Have asked other agents from Miles. They are not interested in taking the management…[Read more]

  • mcho7688 replied to the topic Questions on who’s paying what for property under tenancy in the forum Help Needed! 11 years, 11 months ago

    It is somwhere in / around Miles area 30mins north… fairly close to Taroom, past Dalby area.

  • mcho7688 replied to the topic Buying a house in a Family Trust in the forum Legal & Accounting 11 years, 12 months ago

    Yup. Note taken. Thanks, Terry.

  • mcho7688 replied to the topic Buying a house in a Family Trust in the forum Legal & Accounting 11 years, 12 months ago

    Thanks Terry.

    I will certainly discuss in more details with a few accountants how to rectify this situation, especially trustees issue.

  • mcho7688 replied to the topic Buying a house in a Family Trust in the forum About the same situation, I 11 years, 12 months ago

    About the same situation, I have purchased 2 properties under both me and my partners' names as the trustees to the trust. However, after the purchase, my accountant was telling us that if we were to be involved in legal cases under our own names, it would also involve these 2 properties under this trust. Our intention was to have asset protection…[Read more]

  • mcho7688 replied to the topic Equity for 3rd IP in the forum Terryw wrote:
    Have you cross
    12 years, 7 months ago

    Terryw wrote:
    Have you cross collateralised the loans?Best way would be to set up a new loan on each property and use that as deposit. What LVR are they at atm?

    I am not sure if cross-collateralisation occured. Seems like the chance is there since I made a mistake of going to the same bank to get equity off the IP A. But at the same time, I…[Read more]

mcho7688

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