Am i green or what

What is a negative earing ? something teenagers get done to shock their parents.

There is also a few lenders who go upto $15 Million.

St George will do $1.5 million on Lodoc at standard rates.

I think anyone can do that.

The post is requesting an overseas lender to finance overseas security. I have done many US and UK deals but as Terry points out you will need to approach a lender in the country where the security is based.

Not bad though been a member 11 days, 17 posts, 17 advertisements for business and still not accepting emails.

Yes there are 2 lenders that will offer 106% of the purchase price (Post code restricted) with no LMI.

They charge a risk fee out of the extra 6% which is equivalent to LMI but again it comes out of the loan proceeds.

Hi unfortunately Churchill is an unacceptable post code.

Unless you can get your existing lender to extend their borrowing then NO you will not be able to access the available equity without refinancing.

Thanks MA

I have sorted it out with Tammy and Yes we went with a 1 day Nodoc loan uninsured.

LVR = Loan to Valuation.

Depending on the actual numbers selling the property into Trust could be well worth it.

I recon at the moment we do about 1 of these type of deals a week where a client realises they probably have structured their original PPOR loan incorrectly and need to restructure to obtain a tax deduction on the interest.

I think Paul has adequetly answered the question so I wount go over old ground.

I am not sure many Vendors would be too happy on accepting an offer on the property subject to you finding a buyer on the house at a higher price.

Why not forge relationships with real estate agents and get them to refer you deals where the buyer has found  a property gone through traditional lending sources and been declined. They want the house and will be happy to listen to alternatives.

It also goes a long way to the transparancy of the whole deal which we prided ourselves on for 9 years. You tell up front the buyer that if they find a house for XYZ you will re-sell it to them for XYZ + $$$$. When you try and buy a property under value and then sell it the buyer at a inflated price this is where problems of non disclosure can arise.

With regards to wrap management we employ 2 full time staff to manage our properties so thankfully i have nothing to do now with the day to day running of the business. Managed properly you would like to think your repossession where under 3% and yes where they happen it is unfortunate but you need to act quickly and legally in order to recover the property.

Same in Qld Terry.