Forum Replies Created
Wazi
I have done many a development in Brissie over the years (both big and small) as well as financed millions of dollars of Development deals.
Be happy to look over your numbers and make any suggestions.
Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comRichard Taylor | Australia's leading private lender
Susan
We can discuss it further in the morning when i come to see you but i am with the others in that financing at a decent LVR and competitive rate is hard.
With a gross yield of 8.3% you are really relying on Depreciation and Building Write off as with the Body Corp & Rates coming in at $2260 a year there is minimum + cash flow.
You will still find a property in regional Qld giving you 8% Gross and with little concern over the financing.
Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comRichard Taylor | Australia's leading private lender
As Derek mentions a good broker is more than just a form filer.
A broker works with you to achieve your goals and thinks on your waive length.
He will provide you with options, suggestions and solutions as well keeping you informed as to the changes in the market with regards to new entrants, products and interest rates.
I like to think with my clients that they come to me because they get a quality service as well as a fellow investor who can think outside the square and give them ideas as well asssit them with other areas of investment.
Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comRichard Taylor | Australia's leading private lender
Babcock & Brown also seem to like residential units and apratment complexes in Prague.
Maybe that tells you something.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Babcock & Brown also seem to like residential units and apratment complexes in Prague.
Maybe that tells you something.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
JJ & Jo
The Act has not been upgraded just the interpretation by the lenders more rigorously applied.
Finance is readily available to Foreign Nationals depending on
1) Which State you are looking to purchase in.
2) The type of property you are looking to buy.We closed a dead for a client on Friday at 5.85% variable with $950 Bank loan costs. Depends i guess if you think that is reasonable.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Vanessa
Hopefully we answered this one?
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Ausprop
There is no stamp duty on a Call Option in Qld.
The ‘and or nominee’ clause was closed a couple of years ago but you can still use an assignment letter which attracts no stamp duty and enables you to assign the property prior to settlement to a 3rd party.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Bagder
Gotta to be honest as Financial Adviser i find foundations comments amazing.
Firstly not all FA charge an arm and a leg and i would be looking to work with someone on a payment for performance basis.
Secondly when your investing in quality stocks (and i presume with 100K you intend to stick to the ASX 200 rather than speculative tech or mining stocks) the last thing you would do is “open an online service such as E*Trade, chuck a few grand in and make a few small trades – see how it works, feels”
Papertrading is an excellent way of getting to now the market, the players in it and experiencing the high & lows of share trading without having to risk capital.
Never use a hot tip or gut feel unless you have carried out due diligence on the stock and the reasons behind why you intend to invest in it.
A few websites you might like to look at would include http://www.asx.com.au and free to subscribe sites like http://www.abn.com.au.
The above should be assumed to be general advice and nothing more than that. No consideration was given to the specific needs of Mr/Mrs Badgers_R_Us. I AM licensed to give financial advice.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
It is normally referred to as a Transfer by Direction and is certainly common in the development field.
Also you certainly can sell something that you don’t own. It is referred to an Option.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Hi Badger
Investing in the stock market has similar parallels to investing in property.
You would never jump in and buy the first property you saw or becuase you like the name of the street so due your due diligence on a company before you buy its shares.
Secondly identify you risk profile. I say to all of my clients they have to be confortable in where they pitch their risk. Are they after long term steady growth or an income or a combination of both. Do they want direct exposure or a general spread across a sector of companies.
Once you identify some of these areas you can see whether direct share investment or a managed fund is they way you want to go.
One thing i would certainly do if trading is new to you and that is stick my $100K in an offset account and then papertrade for say 3 -6 months and see how you go.
Write down exactly what you would have purchased and the reasons why. Whether you use fundamental or technical analysis in the end the exercise is a great learning curve.
Remember most lenders limit the amount of borrowing they lend against a parcel of shares to circa 65-80% whereby you can go upto a 100% borrowing in property. Secondly the markets tend to move more rapidly in either direction and gearing will extenuate both your profits and losses.
Read up on as much as you can. There are many great free website and regular publications which you can read and learn from.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Hi Niklas
This first post of your wouldnt be advertising would it.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Spider
I think you will find 1 or 2 members have.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Steve
Only issue with Julia is she is not in Brissie
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Alle
Couple of things to bear in mind:
1) You probably will not get Buildings Insurance on the property.
2) Without 1) above you probably will not get finance.I purchased a property in Rockhampton in a flood area which was 4 blocks of land for cash. We then subdivided them off and sold them individually to truckees who needed somewhere to park their vehicles overnight.
Not normally suggested.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Sebestian
Yes 90/95% is achieveable. Some lenders will factor in a currency risk variation when calculating your serviceability but will certainly consider such an application.
Some are easier to work with over others.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Thank Ronnie
Oh yes thery are very much + cash flow i wouldnt be buying them otherwise.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Pyramid
Jen is right in her assessment.
Normally done as a License To Occupy or Lease Option rather than a Instalmnet Contract.The purchaser cannot afford to make repayments on 100% of the property so she makes payments on a given percentage i.e 50-75%. Investor retains the balance and enjoys the percentage gain whilst still receiving a higher rate of return than he would if he merely rented the property out.
The quality of purchasers tends to be a lot better and most have a decent deposit.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Ben
You certainly fin in Brisbane at the moment many vendors try and remove or insert conditions especially when it comes to development contracts.
As an owner of a boarding house or 2 in brisbane myself i certainly after Childers wouldn’t sign a Contract with a clause
“The Buyer acknowledges that neither the Property nor the Seller comply with the following;
:-Residential Services (Accreditation & Accomadation) Act 2002 & Regulation 2002″Remember there will always be another property around the corner.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Yes it is certainly doable in this market.
Maybe you need to adjust your strategies to maximise your return by maybe offering a shared equity scheme or similar but certainly from the level of enquiries we receive the demand is very much still there.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
