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  • Profile photo of Richard TaylorRichard Taylor
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    July 11, 2015 - 12:57 am

    A agent represents the seller so not ideal in providing you with independant advice.

    A Buyers Agents acts for his / her client and is certainly not in the game of trying to protect the sellers interest.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    June 21, 2015 - 9:17 pm

    No never heard of them.

    What is it you are after from a Buyers Agent?

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    June 20, 2015 - 9:39 pm

    Hi Trina

    Are you sure $180K is the maximum amount you can borrow.

    Why not shoot Jacqui an email and see what your options are.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    June 20, 2015 - 9:35 pm

    Hi Rockney

    Yes structuring an investment portfolio to allow you to move forward with your property acquisitions is becoming more of an art form as more and more lenders increase their servicing hurdles.

    Be amazed at the difference in how much you can now borrow between lenders these days.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    June 20, 2015 - 9:27 pm

    Newandkeen, sounds like the Broker you spoke to had no idea how to structure an investment loan.

    There are some excellent standalone investment deals doing the rounds at the moment with very sharp interest rates and no ongoing fees or charges. Bolt on a 100% offset account if you want but if you still have some non deductible debt left on your PPOR probably not of prime importance.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    June 20, 2015 - 9:21 pm

    Jim, unless there is something we are all missing i would have thought you could do a lot better than either of these lenders.

    Many lenders won’t do a loan where the interest has been capitalised unless the original loan documents allowed for it.

    Did one thru the CBA Commercial only this week.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    June 18, 2015 - 8:23 pm

    Agree with Terry i am not sure why you would pay cash for the property that was only yielding 3% Gross.

    Personally would look at some gearing with a 100% offset account and you couldn’t go far wrong.

    At least it gives you some form of choice.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    June 18, 2015 - 8:16 pm

    Yep sure do.

    They are certainly not the lender to deal with for Expat lending these days.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    June 16, 2015 - 10:23 pm

    Hi Ozboy

    Yes hate to say you are correct and that CBA are amongst a number of lenders who have recently changed their expat lending policy.

    JacM and I do a lot of loans and property acquisitions for expat clients and the you would surprised the varying policy these days.

    We have many forum clients who work in Dubai and pay No tax at all so it is a matter of working thru the varying policy to find the most suitable loan.

    Of course without all of the facts and figures it is difficult to provide a more structured answer.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    June 16, 2015 - 10:13 pm

    Terry, my understanding of Steele was that whilst it was not necessary that the expenditure in question should produce assessable income in the same year in which the expenditure was incurred any expenditure claim in a period prior to the derivation of relevant assessable income was subject to a variety of conditions including “the expenditure is not incurred ‘too soon’, that is not preliminary to the income earning activities and is not a prelude to those activities”.

    Cheers

    Yours in Finance

    –

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    June 8, 2015 - 11:31 pm

    Sorry Josh you are much mistaken as NAB certainly won’t look at a residential loan on 4 units.

    There is 1 lender I am aware of that will look at 5 units on a residential basis subject to location of the block but in saying that a Commercial loan can often be charged at the same rate as a standard variable rate loan.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    June 3, 2015 - 10:24 pm

    Personally I don’t have an issue with any of the suburbs mentioned and in fact would be up there with some of the better areas in that mid price range for Brisbane.

    In saying this as Jacqui has mentioned you need to decide if you want a particular yield in mind or are prepared to sacrifice income for potential growth.

    We source property in SE Qld for forum members on a regular basis and you would be surprised how many clients don’t have a clear path too where they want the investment to take them.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 31, 2015 - 9:29 pm

    Hi Landt

    Without the full numbers it is difficult to ascertain whether the development cannot be funded.

    I would need a lot more information to provide a more structured response.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 31, 2015 - 9:19 pm

    Corey is correct about pre-approvals.

    I had 2 forum clients ring me on Friday to ask me how they would go with their OTP purchases which were supposed to be complete by the end of this year. Regretfully had to tell them as it stood they would not qualify.

    I am sure there will be many more clients in the same boat.

    Going forward all investors are going to need some careful planning and professional advice to ensure they don’t run out of stream on their investing journey.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 29, 2015 - 9:10 pm

    Hi David

    Yes sounds to me like you need the services of a property orientated mortgage broker / financial adviser.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

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    May 25, 2015 - 11:05 pm

    That wont do you much good.

    You need to investigate their Credit Policy and you wont have access to this.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 25, 2015 - 10:47 pm

    Sounds to me like you are jumping from the frying pan into the fire.

    A rate might sound great on the surface but one day you might want to access equity in your property or increase your portfolio.

    Starting with the wrong lender from day 1 isn’t going to improve the situation.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 23, 2015 - 5:29 pm

    Depends on the lender but getting an investment loan > 90% lvr these days is getting harder as well as more expensive.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 23, 2015 - 5:24 pm

    Hi JS

    Think of an offset account as a separate savings account linked to your mortgage.

    Interest is charged on your initial loan each month but in turn you are given a credit for the funds in the offset savings account. You end paying interest on the net balance.

    Assume you owe $300K but have $50K in your offset you will pay interest only on 250K.

    In most cases interest is charged and credited on a daily basis so the longer the funds sit in your savings account each month the greater the benefit.

    As far as Brisbane is concerned i have to say the demand for property is incredible and the moment and we are struggling to keep up with demand.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 23, 2015 - 5:14 pm

    My partner Jacqui (JacM) from the forum is Melbourne based.

    Feel free to email her or look up her number [email protected]

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

Viewing 20 posts - 681 through 700 (of 11,968 total)
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