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  • Profile photo of Richard TaylorRichard Taylor
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    @qlds007
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    August 22, 2014 - 9:49 am

    With 600K to spend (not convinced i would spent the full amount on a single property) you could certainly look at spreading your risk and buying a couple.

    Being a local Brisbane lad my preference would be Springfield, Redbank Plains, and the Waterford in that order although there are plenty of other better suburbs depending on what you wanting to achieve.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 22, 2014 - 9:27 am

    Welcome Missy and nice to see a fellow Queenslander on the forum. I was getting a complex about being outnumbered from down South.

    With the equity that you have don’t worry about the probation period as this is easily overcome in regards to the financing of your future purchases.

    I often get asked by forum members how i managed to build up 40 properties over a 10 year period in Brisbane but the simple answer is you don’t have to do it all in 1 go. With the correct financing structures and discipline you will not have to change your lifestyle in any way in order to achieve your end goal and a healthy retirement income.

    When i started buying in Brisbane in the mid to late 90’s prices where flat and going nowhere. I wanted to look at ways of paying down the investment loans to create a lifetime rental income and therefore looked at combining a buy and long term hold strategy with other positive cash flow generators.

    You have to understand that capital growth is not a certainty go forward and therefore look how you can achieve your retirement income goal with a mix of rent and other income flows. Think to yourself what happens if prices stagnate, could I still afford the things I enjoy.

    Both my business partner (Jacqui – JacM on PI.com) and myself have worked with hundred of forum members over the last 10 years to get them moving in the right direction. Half the battle is getting them in the right mindset to open up their eyes to alternatives.

    With the available equity you have in your current property and obviously the right motivation there is no reason why you can’t get there.

    There is nothing more rewarding in seeing a client make good strides in their wealth creation.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 12, 2014 - 9:11 pm

    As Jamie said a decent broker knows the market well enough and has contact with his BDM to update him on what is available.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 10, 2014 - 3:02 pm

    Hate to say it is so common it is not funny.

    The big Banks at the moment are so focused on trying to get you to lock in your loan on a long term fixed rate that correct advice is secondary.

    Retention departments have been told to work on locking in clients so they can’t get away the longer the better.

    Sad reflection on the industry at the moment that as usual profit comes ahead of customer requirements.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 9, 2014 - 12:00 am

    Steve straight forward Nodoc finance deal. Not a lot required to get such a deal over the line.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 30, 2014 - 9:31 pm

    Hi Ollie

    No hate to say that’s a big No.

    Can’t transfer an existing residential property owned by you or a related party to the SMSF.

    Commercial property is a different story.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 30, 2014 - 3:11 pm

    Hi Camp

    Just make sure any professional adviser hasn’t got a personal agenda.

    As am adviser I see it every day of the week.

    Must admit I am down in Sydney a bit seeing forum clients so might send you a PM next time I am down to see if the diaries line up.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 30, 2014 - 2:58 pm

    No and politicians definitely aren’t exempt.

    In fact they get charged double lol.

    Cheers

    Yours in Funance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 29, 2014 - 8:10 pm

    I have done them with Firstmac at 90% before.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 29, 2014 - 8:06 pm

    Hi Joe

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

    Good for you in having taken steps to financial freedom.

    In saying this i am not sure i would rush out and buy as many properties as you can on the basis you hope they increase in value within the next 2 years as the entry and exit costs will erode your potential profits.

    I think i would be looking to diversify away from property and focus on high yielding investments with low or no entry costs as with limited exposure you could really make some inroads into paying down the outstanding debts.

    2 years isn’t long so ask yourself whether you really want to be taking on significant debt going forward.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 29, 2014 - 2:38 pm

    That coupled with the fact that the premium itself is deductible over 5 years or the term of the loan whichever is lesser.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 28, 2014 - 8:30 pm

    Hi Chris

    Yes both my API interview and the joint interview myself and my partner Jacqui (JacM) did are available on our website.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 28, 2014 - 8:27 pm

    Hi Swift

    I don’t have an issue with what you want to do and think if it gives you comfort and peace of mind there is no issue with it.

    I do however suggest you seek some professional advice in regards to the loan restructure as you could certainly save a considerable amount on the interest rate which would result in reduced repayments.

    I would also suggest that you look to diversify and maybe mix an investment property in with other forms of income producing assets.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 27, 2014 - 11:30 pm

    Hi Slavik

    Good to hear.

    You won’t go to far wrong there as half the forum uses them.

    I must have referred a couple of hundred forum clients over the last 13 years and all have been very happy.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 27, 2014 - 11:24 pm

    Hi Tanjimh

    Hope you are keeping well.

    Yes sure Accountants details – Steve Hodgkinson at Gold Business Group at Southpport.

    Steve is a forum member but is so busy giving members advice doesn’t get much chance to post these days.

    Tell him i sent you down and i am sure he will look after you.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 27, 2014 - 11:19 pm

    Hi bns

    Firstly congratulations you are really in a great position to set yourself up for financial security.

    Yes you are right here in Brissie you don’t get much bang for your buck.

    In saying that structured correctly there is no reason why you cannot achieve a good mix of assets.
    enabled me to retire 10 years ago the same principals apply today.

    Let me know if you need a good Accountant recommendation and be happy to flick you some details.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 27, 2014 - 11:09 pm

    Hi Chris

    Both entities have different qualities and different considerations.

    You can’t really compare like with like.

    I am a strong advocate of Self Managed Super and have ran my own since 1996.

    Be surprised how many forum clients over the last 10 years we have helped with their SMSF requirements.

    Certainly is flavour of month and in my opinion anyone who wants to take control of their own financial future should consider it.

    Cheers

    Yours in SMSF Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 26, 2014 - 2:54 pm

    Pleasure James and most of us old hands don’t bite…

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 24, 2014 - 11:33 pm

    Hate to say with the change in the BCC Town Plan there are dozens of potential development sites now available.

    We are certainly not paying over the odds for any potential site.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 24, 2014 - 11:30 pm

    Agree A/c seems expensive.

    Double the amount quoted and you could have gone deducted throughout.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

Viewing 20 posts - 941 through 960 (of 11,968 total)
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