You wrote every thing perfect! and Plan is ok I think you must be knowing you might have to pay high penalty when you will leave your current loan if it’s new loan.
If Tims got $100k equity in Australia according to me he should get get 80% 90% or 95% loan here (with LOC or other way depends on him) so he will have lets say at 90% of $100k to play with in OZ. now with this $90k why should buy only property in NZ for $90k (ignoring currency exchange etc) when he can borrow $900k theoretically with the help of…[Read more]
Yes it was sort not short. When person get money in Australia and buy in NZ without getting any finanace it’s cash buy in NZ.
Why not borrow 95% here in australia and and using that money buy multiple property there ( borrowing more there) instead of wasting all your money for one property.
Hi Tim,
Welcome to forum. I am agree with Terry better you get 90% loan there ( with LMI ) or 80% ( without LMI ) instead of buying sort of cash there.
>>When i look at some of the upfront commissions paid to brokers and trailers by some financial institutions its amazing. I could have gone through the front door and got the same deal.<<
It’s not coming from your pocket so why thinking about it?? going through a broker is BIG FRONT door..
One of the benefite is you can do negative gearing while enjoying all the benefits of TRUST. For every thing you need to speak to accountant and that accountant who knows the benefits of HYBRID trust.
It’s good to have Hybrid trust. now you have to decide if you want company as trustee or your self as a individual trustee. it’s hard to say without knowing your full situation I think you should talk to accountant for this. but Keep Hybrid trust in mind. Get Book “TRUST MAGIC” to learn more about trust.
received an advertisment/promontion in the mail, same typical thing, with so called Guru’s promising ridiculous returns, and strategies to purchase properties.
just one of there adverts, is “How to Buy Property at $50,000 or More Below Market Value”, anyway in short, there promising returns and…[Read more]