Hi Jonathan

One thing to bear in mind is that even being a low rate tax payer interest on your PPOR is not Tax deductible whereas if you use the money for investment the interest becomes deductible.

If you are also a First home buyer there are a number of Grants and discounts (stamp duty) available so maybe worth considering this route…[Read more]

Hi there

Welcome aboard the forum and hope you enjoy time with us.

I have given a number of interviews to the API magazine about how i started and built my property portfolio.

Feel free to shoot me an email and I would be happy to send you the article.

Cheers

Yours in Finance

Hi there

Welcome aboard the forum and hope you enjoy time with us.

I have given a number of interviews to the API magazine about how i started and built my property portfolio.

Feel free to shoot me an email and I would be happy to sned you the article.

Cheers

Yours in Finance

Nope not available.

Cheers

Yours in Finance

We unfortunately sell a fair few properties which we have taken possession of as mortgagee thru my Retail Mortgage Fund.

Have to say as a mortgagee we are required to obtain a fair market valuation / real estate assessments and then go from there.

Sure we do have a number of properties that we sell below valuation as long as the debt is covered…[Read more]

Without a deposit wouldn tbe something we could assist with and unless you find someone who is looking to sell and existing house i think you will struggle.

I own a Vendor FInance Company and we allow our clients to choose the property and then we buy the property and enter into an Vendor Terms agreement with them however we would always require…[Read more]

You may also want to look up what other lenders operate out of the same premises as trust me the address is well known in the industry for housing Private lender that dont have any money.

We run a 350M private lending business with an AFSL and 2 x ACL. Fully audited by GT and ASIC compliant and now on 7 mortgage aggregators panels.

Trust me we…[Read more]

No issues on obtaining possession on investment properties in Australia as a lender (trust me we have a number of matters going thru).

In SA at the moment taking a little longer to get possession of owner occupied properties and AFCA are becoming more lenient (if you are a member, which we are) but other than that no real difference.

Bankcruptcy…[Read more]

In the main agree with Terry on servicing but number of provisions under NCCP where this is not required even in if buying in a personal name.

Would need a lot more data but on the surface could be done.

Cheers

Yours in Finance

It is illegal to offer Vendor Finance now in Victoria outside Rural areas and for properties over 750K so you wont find anyone.

Cheers

Yours in Finance

It is illegal to offer Vendor Finance now in Victoria outside Rural areas so you wont find anyone.

Cheers

Yours in Finance

It is illegal to offer Vendor Finance now in Victoria outside Rural areas so you wont find anyone.

Cheers

Yours in Finance

Hi ClancyFish

Can i ask what area you current live in and how old you are.

I live up at Noosa and I can tell you the houses are a lot more than $1.4M so will depend on which part of the SC you are referring to.

Depending on you age you maybe able to consider a Reverse Mortgage and release some additional equity by way of either a lump sum or…[Read more]

Hi Pritchard

Which State was the property located where they piut the Caveat on ?

Cheers

Yours in Finance

None that i am aware off.

We were looking for similar about 6 years ago so made an application for a full Retail AFSL and 18 months and $1.5M later we started ASCF.

We now have just over 400M in FUM and get asked the same question daily from potential investors and developers.

Cheers

Yours in Finance

Hi Ben

If you use 25K of your 100K deposit for other investments and there is no additional borrowing on the other investment it will not effect any finance application.

Cheers

Yours in Finance

Hi Ben

If you use 25K of your 100K deposit for other investments and there is no additinal borrowing on the other investment it will not effect any finance application.

Cheers

Yours in Finance

Hi Deepanshu

Yes I have done 100’s of VF deals in the past and built my portfolio using VF as a cash flow to pay down my long term buy and holds.

We provide a VF component to First Home buyers and investors here in Qld.

Course if you are thinking of offering VF to potential buyers in the course of business you are required to hold an Australian…[Read more]

Hi Zane

It will depend whether you need to utilise the 10K from Super to complete your home purchase.

If you have separate savings to demonstrate that this is not required i believed it can be done.

Cheers

Yours in Finance