Hi Kirsty

With the major changes to investment lending introduced by lenders over the last month or so you definitely want to order a valuation on you current property to see what equity can be accessed as many lenders are limiting lvr’s to 80%.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me for a copy of my API Interview.

Emily

I would be very careful in the current climate refinancing to release equity is nowhere as easy as it was a month ago.

Seen many a forum client come unstuck when their lender has capped the equity release to 80% lvr.

Cheers

Yours in Finance
0-40 Properties in a decade. Email me for a copy of my API interview.

Hi Melissa

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

Buying real estate is a matter of quality v quantity however that is not to say you buy one expensive property.

With lenders tightening up their criteria for investment lending we are finding more and more forum members wanting to get in whilst they can however we normally bedding the first deal down first before going again.

Loan structuring and the right property selection to do the job is of prime importance.

No point in having a property increase in value with a very low yield if you are unable to access that equity because of lending constraints.

I have always been one to encourage our clients to take what they can when it is available rather than when they need as often the Bank won’t agree to an equity increase etc. If you structure the lending correctly and find you don’t need access to the funds then No interest is charged on the unused money.

Cheers

Yours in Finance
0-40 Properties in a decade. Email me for a copy of my API interview.

As Jacqui mentioned every client / property is slightly different.

At the moment we are getting a lot of enquiries from forum clients who are wanting to buy in Brisbane and we are finding some excellent buys.

Of course what might be ideal to do the job for a Super Fund (good stable returns with little ongoing maintenance) might be totally different for an investor looking to develop the lot or construct a dual dwelling upon the site is his or her own name.

With all lenders now increasing serviceability hurdles for investment loans some clients need a respectable yield so that they can buy again in the future. Others have strong PAYG income so want an opportunity for growth and are happy to accept a lesser return.

I have all bar 2 of my properties in Brisbane and have seen some amazing changes over the last 18 years.

We as a Company always try and tailor the property to the clients needs both now and in the future.

Jacqui runs the BA side of our Company and I am sure will be happy to chat to you if you need any further opinion.

Cheers

Yours in Finance

Not completely safe ……………Especially knowing NAB

Cheers

Yours in Finance

Uncrossing your existing loans maybe possible subject to lvr and current valuations but an Accountant wont be able to advise you about this unless he holds a Credit License or is a Credit representative.

Cheers

Yours in Finance

Hi Kylsta

What are you wanting from an Accountant ?

Reason i ask is it is not the first port of call for most would be investors.

Usually you would want to work our what you can borrow and how you can structure it.
Credit advice is the domain of a mortgage broker.

Let us know and we can direct you accordingly.

Cheers

Yours in Finance

Hi Tiger

Firstly welcome to the forum and I hope you enjoy your time with us.

When you purchase an investment property you have your PAYG income as well as the rent on the new property to be taken into consideration when assessing serviceability.

As the buyer however you are able to claim additional deductions both cash and non cash deductions which offset the expense and reduce your Taxable income.

All of this is no good at all if you do not have sufficient equity to enable you to start your investing journey.

Who has told you that you cannot service an investment property ?

A investment orientated broker should be able to assess your situation and provide suitable credit advice.

Cheers

Yours in Finance

Sorry Corie massive difference between an installment contract and a rent to buy scheme.

Normally under the Property Act the buyer is entitled to register a caveat against the property to secure their interest however this wouldn’t stop a lender selling the property under its powers of possession.

There are also a number of variances in respect of max loan terms and amounts before the buyer can make you transfer the title into their name and convert it to a mortgage.

Number of other issues but we can save those for another day.

Either way the Standard Terms of Mortgage do not provide for such a contract. Trust me have done 1,2 or circa 220.

Cheers

Yours in Finance

Hate to say selling a property on Vendor Finance terms these days is not as easy as it used to be.

If you have a mortgage on the property i very much doubt the Terms of Mortgage allow you to sell the property with the lenders consent.

Cheers

Yours in Finance