Where are you based ?

We often engage people look to learn the business on some of our Brisbane based projects.

Yes Paul is a good operator.

Tell him i said hello.

Perhaps we are better of without him

I mean Henry Kaye and Emmanuel Cassimatis were also wonderful persons according to their mothers. 

I ask you !!!!

Yes the same as attending an Auction your purchase contract is normally a "cash unconditional" contract so all of your due diligence, finance and building & pest reports need to be done upfront.

42 days for settlement could cause a lot of lenders issues so make sure your mortgage broker is on the ball.

Hi Andy
Good to hear from you glad we could help.

Hi Cargill

Older builds have less depreciation, and possibly no BWO.

Yes thats exactly what i was referring to. Most IP deals i have seen come across my desk have little or no BWO or Depreciation and are still cashflow neutral or positive.

In the old days (like last year) there was a huge reliance on non cash deductions to get you over the line however with an increasing rental market and reduction in interest rates this has fallen.

I see another major lender withdrew from accepting applications using a HDT this week so i think that means we are down to 3 mainstream lenders not exactly room for negotiation when it comes to costs, interest rates or conditions.

CAR wasnt that bad but deal has been and gone so probably not relevant.

Best rate for 10 year fixed (and we dont do many) is circa 7%.

Reece

Dont want to appear to be a doom merchant but buying with a friend can be fraught with issues.

If you eligible for the FHOG then why not take this whilst you can and satisfy the conditions before moving out and converting the loan into an IP.

One thing to make certain is that the loan is structured correctly from day 1 to maximise your future claims and to ensure your savings are used effectively in your favour.

Your mortgage broker should be able to assist with this if he is investment orientated.

In essence you have it in one obviously there is title and mortgage registration but your fundamentals are correct.

Matt

If the calculator asks you to put in your existing liabilities and you enter these then the 900K is the additional borrowing amount.

I am suprised you found too many lenders agree to finance a wrapped property in the current climate.