Charlie, You will need to contact lenders directly.

As a Private Lender we unfortunately take possession of a number of properties where a debtor is unable to meet their interest committments.

It is a requirement of the mortgagee in a MIP sale to ensure they receive a fair and reasonable price.

There is no requirement to take the property to…[Read more]

Peter specialised area but we do a lot of development finance.

In fact we do so much we even created our own Pooled Mortgage Fund which has just under 500M FUM.

Cheers

Yours in Finance

Hi Joestone

Depending on the level of deposit you have access to then there are many non conforming lenders who could assist.

Cheers

Yours in Finance

Hi Dean

Just remember unless your Financial Planner is licensed he cannot provide you with Credit Advice,

Shoot me an email and I can reply with the article in PDF format.

Cheers

Yours in Finance

Hi Dean

Welcome to the forum and i hope you enjoy your time with us.

Many other considerations other than just the deposit split but yes subject to the lender you would be able to access > 20% from the equity in your own home. Apart from structure and maximising the interest deductions you also need to think about whether this purchase is a one…[Read more]

Youe rental income will be shaded and your loan repayments sensitised so irrespective of what you receive or repay lenders will use totally different figures.

Cheers

Yours in Finance

You rental income will be shaded and your loan sensitised so irrespective of what you receive or repay lenders will use totally different figures.

Cheers

Yours in Finance

Hi, there welcome to the forum.

Hope this helps.

What are the rules for non-residents buying property in Australia?
Australia’s buoyant residential property market, economic stability, natural beauty and favourable climate have made it an attractive destination for international real estate investors.

However, the rules for non-residents b…[Read more]

You could also invest in the casino and probably have more chance of a return that trading Forex.

I own http://www.ascf.com.au and as Australia’s largest Private Lender we offer a reasonable return for investors.

Cheers

Yours in Finance

First thing i would ask any prospective organisation you intend to invest with is:

1) Do you hold an AFSL?

2) Do you have an Insurance to protect investors funds.

3) Are you a member of AFCA.

If the answer is no to any of these then i would be wary.

I own http://www.ascf.com.au and as Australia’s largest Private lender we certainly could answer Yes…[Read more]

Really, maybe it was the lender you went thru as many lenders understand the structure and for a good broker it is second nature.

Cheers

Yours in Finance

Hi Wan

Yes it makes sense assuming you dont require access to the cash funds.

You could always do say 100K interest only with 100K in the offset and a secondary loan split for the rest.

In saying that CBA would have to be one of the least attractive lender for such a strategy.

We do a lot of debt recycling for clients and would never use CBA…[Read more]

Hi Wan0151

I think what your Bank should have said is “We dont offer such a product”

Yes IO with offset account definitely exists and we do a number of deals each week for other investors.

Sounds to me like you a good broker to restructure the deal for you.

Cheers

Yours in Finance

Hi Dandare

I am sorry i dont agree that their is any can of worms to open up.

David has replied to your post so why not hit him up and get him to run some servicing numbers for you with both your current lender and others.

A better deal could be round the corner and your existing lender is not going to shout out and tell you.

Cheers

Yours…[Read more]

Hi TPD

Ok noted and understood. Not sure you will find any JV partner to come on board with that little skin in the game.

We do a lot of JV deals as investors but far too skinny for us.

Good luck. I am assuming there are reasons why you dont do the deal yourself with development style funding.

Cheers

Yours in Finance

Hi Tinpot

So to clarify you have the costs to acquire the site (stamp duty etc) and cover the subdivision costs but require 90% of the purchase price ?

What other security are you offering i.e 2RM on your own property etc.

Cheers

Yours in Finance

I am selling a waterfront site for 3 x 3 storey townhouses at Paradise Point on the GC as i have too many other projects closer to hand.

If it is something you are interested in prior to formally listing it next week let me know.

Cheers

Yours in Finance

If it is all the same i would prefer to deal with a Licensed Private lender with full AFCA membership rather than a broker.

Cheers

Yours in Finance