Hi Greenfield

Firstly welcome to Qld when you arrive and especially Brissie.

Don’t tell too many people about the City and areas as we are trying to limit the numbers on migration.

No seriously look forward to having you as a neighbour.

Ok on the Accountant front i would recomment Steve Hodgkinson from the Gold Group on 5532 2855. Steve is based on the northern part of the Gold Coast and has been my Accountant and business partner in our + cash flow business for 10 years. Tell him i sent you so you can get past the receiptionist as most good Accountants are not taking any new clients.

Secondly, yes regretfully we do have CGT on the profit made from buying and selling a rental property. However in saying this there are a few variations and ways in which the tax can be reduced.

Happy to answer any questions you may have on the Brissie property market.

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.

No but i can recommend a good conveyancer.

Unless you have both the time and the inclination then why not use your time more wisely and pay someone to do it for you.

To save maybe $350 less the cost of you driving around and undertaking the searches i personally wouldnt bother.

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.

No Anz Bank are not competitive in the lodoc market.

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 Marissa

I agree i cannot see the problem.

The security your current lender is holding appear sufficient on a standalone basis with the need to hold your unencumbered investment property.

Your current LVR is 77% so i can see no reason why they would need the additional security. If reducing the LVR to 76% alleviates LMI then this maybe an option.

If you dont wish to sell IP 3 then why not set up a lodoc Line of credit against it and utilise this to increase your current borrowings.

As John mentioned if the current lender says no take your business elsewhere. Even with yesterdays 25 basis points increase there are many competitive lodoc rates around.

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.

Is there a reason why you wish to use the LTO method rather than a wrap or LTO?

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.

Asdf

You are right i recommend all of my clients go full doc when and where they can until such time as their capacity to show serviceability is exhausted.

Only at this stage would you consider a Lodoc / Nodoc loan.

Certain lenders allow 76% lodoc without LMI and this is always an option initially but some time to keep on borrowing you need to consider alternatives.

One mistake new players make is that they declare and income on a lodoc application and then some time later make a Nodoc application with a lender who uses the same Mortgage Insurer.

The MI looks at the previous lodoc application and calculates that the client is unable to service the borrowing even though it is a Nodoc. The loan is then declined.

There are 2/3 main insurers in this market with a couple of other fringe self owned players.

In choosing your initial lender bear in mind that some time in the future it may be advantageous to use one of the mainstream lenders for lodoc rather than a securitised lender.

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.

Nathan

Hope this helps.

Listed Property Trusts (LPTs) allow investors to purchase an interest in a diversified and professionally managed portfolio of real estate.

Property trust investors gain exposure to both the value of the real estate the trust owns, and regular rental income generated from the properties.

The fund manager selects the investment properties and is responsible for all maintenance, administration, rentals, and improvements.

Most property trust managers include properties across a diversity of geographic regions, lease lengths, and tenant types.

Regular income from rentals is a common feature of LPTs, with most yielding between 6% and 10% per annum.

Part of this income may be tax deferred, therefore investors do not pay tax on the tax deferred portion of the income until their holding in the property trust is sold.

Because LPTs invest in relatively stable commercial real estate and investors receive regular rental payments, the price fluctuations of property trusts tend to be lower than for shares .

LPTs make up 12% of the world’s listed real estate assets.

The types of trusts currently available include:

Industrial – investment in warehouses, factories, and industrial parks
Office – investment in large to medium scale office buildings and parks, generally in and around major cities
Hotel/Leisure – investment in accommodation assets, generally 4 – 5 star properties in major cities or leisure assets such as theme parks
Retail – investment in shopping centres, malls, cinemas, and other shopping-related real estate
Diversified – investment in a mixture of Industrial, Office, Hotel, and Retail

Property Trusts give investors:

1) Regular income with exposure to real estate assets
2) Diversification into one or more types of commercial property
3) Returns from income and capital appreciation
4) An income stream with a tax deferred component
5) Capital stability with relatively low volatility

.

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.

Hhehe Colin gotta keep those posts up.

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 Marissa

Without further information it is difficult to make an assessment on your LMI exposure.

In saying this both the main MI’s will go well over a Million each so that gives you 2 Million of borrowing on the basis that you have sufficient income to service.

Some lenders will go to 76% without LMI anyway so that avoids that and interest rates are less than the Standard variable Rate.

Nodoc can still be a problem with a securitised lender dependant on with whom you current loans are insured.

Just be careful as it can be an expensive exercise to unravel if your MB is not upto scratch on Lodoc / Nodoc lending.

Many Lodoc lenders will allow you to revalue after a few months to increase your borrowing.

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.

Dom

If the property is in Brissie then you might get 90% but as Simon mentioned serviceability maybe an issue.

Most Mortgage Insurers wont like the fact that the property has 2 kitchens so that may cause a problem.

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.