Hi Ems

As a fellow Pom who has been here for 13 years I share your husbands pain when it comes to the cricket.

Having gone to the Melbourne and Brisbane Tests i find it easier to saying nothing and act dumb. Our time will come don’t worry.

I have several properties back in the UK and adhere to what has been posted before and that is ensure you have a good Managing Agent who can keep you informed and also organise for small tasks to be done in regards to general maintainance.

One other thing is to ensure that your loan is structured correctly as many clients who purchase investment properties appear to have their loans totally incorrectly structured and it is extremely difficult to change things from so far away.

i have many clients in the UK and know that a little forethough and careful planning now will save you in the long run.

Feel free to come back to us with any questions in this respect.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.

David

Many development deals allow the purchaser access to renovate the property at his expense and liability prior to settlement so there is nothing new there.

LMI – Lenders Mortgage Insurance.

GR lending is lending against the Gross Realisation of the development.

Assume I purchase a block of land for say $250,000 and build 3 Townhouses on the property and the total valuation of the end product is worth $1 Million then i am able to borrow against this figure even if my total costs may have only been the land price of $250K plus 3 x construction and other costs of say $175K each ($525K) = Total $775K.

Hope this clarifies.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.

Hi Brizza

Yes the Guarantee does not effect the Title on the loan so the rebate on the SD and the FHOG are both available even if the Guarantor has purchased many times before.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.

If your MB is telling you that i would be switching MB’s immediately as it is obvious he / she lacks experience in Company / Trust structuring.

If the fact is that you cannot evidence your income sufficiently to obtain a loan in your own name then purchasing it in Trust with a Pty Ltd Trustee will have absolutely no bearing on the application if the Directors and Guarantors are the same.

There are many lenders who will consider lodoc / nodoc lending in a Company / Trust name although obviously this would be the last resort as where possible you would look to take out a status loan initially.

Unfortunately, with the growth in the number of MB entering the marketplace you do find that some brokers have less than 5 years experience and are unable to grasp the concept of loan structuring.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.

I might need to redefine what i mean by never never sell.

I totally agree that you should sell an unperforming asset especially if you can time it in a year that you have losses to balance any gain or vice versa.

I built my cash flow up over the last 10 year in wrapping and this enabled me to fund my lifestyle and also my buy and hold properties.

A combination of both will get you to where you want to be quicker.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.

I like to think i have built a reasonable portfolio over the years so am happy to offer a bit of advice.

Certainly there is no right or wrong to property investing and as PE mentions everybodys circumstances are individual.

All i would say is imagine that you make $100K on a reno over a period of 3 months. Not only will you need to deduct the selling agents fees but also will be liable for CGT on the profit.

You might end up doing 2 deals just to make the same amount as the available equity you have in the one deal you buy and hold.

Remember if you never sell you never pay CGT.

Building up a portfolio takes time and cash flow can be your lever but it is pointless in doing so if all you are going to do is end up paying it in Tax.

Structure yourself correctly and make sure you deal with an investment savy Mortgage Broker who can show you ways to establish your loan accounts to benefit you both now and in your future goals.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.

Hi

Good on you on doing some through research and due diligence.

With regards to your maximum borrowing capacity i assume this has been advised to you by your local Bank. Remember each lender works on a different serviceability calculation and that one maybe the maximum with one lender maybe totally different with another.

As a MB i get asked regularly by clients “What is my maximum borrowing capacity” and they are quiet suprised when they hear the answer and the variance between lenders.

The property market has certainly come back a lot and i think over the next 6 months you should be able to find some good CG properties at affordable levels.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.

As has been said another marketing company.

Very big on Brisbane radio telling you how they have helped dozens of average Aussies get into a IP.

As Terry mentioned do it yourself and save thousands.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.

Yes it is as i have a couple of properties within my SMSF but remember you are unable to borrow in a Super Fund.

Talk with a good Financial Planner and he can explain more.

Feel free to post as many questions as you like and i would be happy to answer them.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.

Must admit I don’t know of many blue chip stock that grow their businesses 15% year in year out.

I think most companies would work on somewhere around 8% PA growth in their stock price and pay out around 4% FF dividend.

Buying in a SMSF will increase the Franking credit benefit.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.