Forum Replies Created
Mhh sounds really interesting to all of our Kentucky users.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
As Terry mentions LMI is an economic cost of investing.
You can either pay and move forward with your investment plans or alternatively wait until you have 20% equity each time and go a little slower.
Most larger investors prefer to gear up a little higher and accelerate their investment pace.
Shop around for LMI premiums as they do vary considerably from lender to lender and from company to company.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
Might be better placed on a US web site me olde mate
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
If all you want is the property to be a no frills stand alone investment property then i wouldnt be looking at any DEF.
Deal with the right Bank and you will not have CC issues.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
Terry beat me to the punch.
They would however be wanting to offer me excellent rates and fees for that. Depends if it is a lodoc / nodoc style deal as many try and charge it then to recoup some of their costs.
Without more information difficult to comment.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
Would need more information before I could make a recommendation.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
Purchased a 4 bedroom house in San Juan Capistrano in Calif in 1985 because my Auntie lived next door.
Paid $89000 USD for the property because it was on the hill over looking the Ocean. Must admit the best long term investment i have ever had.
She still lives next door and the rent and the capital growth have been absolutely outstanding. Can’t see me ever selling it.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
Mat
Income protection can only be sold by a licensed financial planner who will need to undertake a Needs Analysis and provide you with a Statement of Advice.
I would strongly suggest that you sit down with a good independant planner and get him to provide you with a range of options available.Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
Where are you referring to here in Oz or in the USA?
I have been involved in both and some lenders are cool with it others have a problem it all depends on many things.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
RP Data dependant on the area you are referring to.
I use it all the time.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
ogilvy
Interest only loans have a couple of obvious benefits:
1) For serviceability reasons the monthly repayment is lower than it would be on a P & I basis and therefore you will find that you will be able to borrow more.
2) With an interest only loan the debt remains constant and therefore the amount you can negatively gear will also remain constant. With a P & I loan of course the amount of interest you are charged dimishes as the debt gets smaller.In saying all of this if you are wanting to get to a stage whereby you own the properties unencumbered and the rents replace your salary you will need to start to repay some of the debt back by making P & I repayments. Easiest thing to do is split your loan, utilise an offset A/c and work down the principal.
It is all a matter of personal opinion.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
Under my Company First Home Owners Group Pty Ltd we have helped over 200 clients in your position over the last 10 years and still have over 150 clients on our books.
Feel free to email me any questions you may have especially as it appears you are referring to Qld where the installment legislation is different to many other States.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
My sentiments exactly Stuart.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
One problem you will have is that it is bit like the chicken and the egg. There is no point in finding a Property Valuer that gives you the valuation you want only to find that the lender you decide to go through does not accept that valuer on his panel.
You would better to find a lender that gives you the product and package you are after and that does charge for their valuations and see whether the value of your property comes in at what you are hoping.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
It will depend on the terms of the permit or the development approval.
They will more than likely require contributions to be paid to the Council such as Parks and Recreation etc and will probably require lodge of a proper survey plan undertaken by a surveyor.
There may also be provision to provide drainage and sewerage connection prior to the plan being sealed.
Then you will have Title costs for the separation of title and legal costs for preparation of the contracts.
In saying all of this we have purchased many blocks and onsold then for development with minimal cost. It all depends on what your DA states.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
In the age of modern technology I must confess very few of my clients are Brisbane based.
If you want to expand on what you are looking for I am sure between all of the brokers here we can assist you.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
Hi Glauco
Never say never in lending and there is always hope.
Would need to know some figures before making a recommendation though.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
Yes Steve Crane – Mobile Manager is a Melbourne boy and is a good lad to boot.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
Rates are all relative but the A & L certainly wouldnt be the cheapest going around.
There were over 90 Building Societies in the UK as at 2000 and over 40 different Banking organisations bith home and abroad let alone the mortgage manager etc.
The range of product and choice of lenders is vast.
Try someone line John Charcoal Mortgage Brokers for a quote if you want to see how low they can go.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
Wow glad i don’t live in NSW, Qld is a lot cheaper.
Tell us which State you are referring to and we can advise you accordingly.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
