Forum Replies Created
thek
If you want some real independant advice why not try someone like Simon.
Never does any harm to get a second opinion.
Cheers Richard
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Steve
Shame it isn’t the other way round i could have helped you.
Cheers Richard
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Hi Amanda
Based in Brisbane if you want to bounce any investment ideas off i am happy to assist and listen.
Cheers Richard
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Guess i have to for once diagree with Terry.
If it hadnt been for wraps i would have been able to retire 2 years ago and spend 3 months on the golf course each day.
Whilst I am back to work through boredom at home and being under my wifes feet I am still able to enjoy the cash flow and capital returns that my wraps bring with it.
Email me if you want any wrap information.
Cheers Richard
[email protected]
http://www.yourstatefinance.comEmail us for details on US finance or to be added to our foreclosure / REO / HUD list of US properties
Richard Taylor | Australia's leading private lender
Email me and i will give you the best Accountant on the Gold Coast – Southport.
Experienced investor as well as good fella.
Cheers Richard
[email protected]
http://www.yourstatefinance.comEmail us for details on US finance or to be added to our foreclosure / REO / HUD list of US properties
Richard Taylor | Australia's leading private lender
Flyasakite
As an ex pom (porund to admit after the Ashes win)and now a Chapel Hill Brisbane boy be happt ro assist you with any financing you may need.
If needed I can also point you in the right direction of an accountant.
Feel free to email me. Which part of the UK you off to
Cheers Richard
[email protected]
http://www.yourstatefinance.comEmail us for details on US finance or to be added to our foreclosure / REO / HUD list of US properties
Richard Taylor | Australia's leading private lender
As Steven mentioned a lodoc loan to 90-95% would be achievable. A bit more expensive but an option.
Cheers Richard
[email protected]
http://www.yourstatefinance.comEmail us for details on US finance or to be added to our foreclosure / REO / HUD list of US properties
Richard Taylor | Australia's leading private lender
Vinny
One question you should always ask any broker is what did he do for a living last year and the year before that.
If as Simon mentions he was a recent jumper on the Finance wagon because his double glazing career (oh takes me back to the late night UK telemarketing calls we used to receive) did not work i would give him a big miss.
Like in any industry certain people are motivated by one thing and thats profit – not to you but to them.
Get a second opinion.
Cheers Richard
[email protected]
http://www.yourstatefinance.comEmail us to be added to our foreclosure / REO / HUD list of US properties
Richard Taylor | Australia's leading private lender
Terry is right if the Contract makes that provision to assign you may in some States save on Stamp duty.
Cheers Richard
[email protected]
http://www.yourstatefinance.comEmail us to be added to our foreclosure / REO / HUD list of US properties
Richard Taylor | Australia's leading private lender
Jim
If your Bank or Broker is giving advice opposite to what Steven has mentioned then ditch them both.
Offset the interest only on your non tax deducible debt whilst you have any. Different story when the debt is repaid.
Cheers Richard
[email protected]
http://www.yourstatefinance.comEmail us to be added to our foreclosure / REO / HUD list of US properties
Richard Taylor | Australia's leading private lender
We take business from 6 introducers in Qld and offer them a $1500 up front fee and 0.25% trail commission on the loan amount.
I assure you there is plenty of incentive when they want to sell the home and the finacning falls over.
Cheers Richard
[email protected]
http://www.yourstatefinance.comEmail us to be added to our foreclosure / REO / HUD list of US properties
Richard Taylor | Australia's leading private lender
Coming from the UK I have always been a brick and tile man.
In saying that I built our home 2 years ago in the Western suburbs of Brissie and it 68 squares so has a large roof span.
Went the colourbond route and never regret a moment. Nothing nicer than hearing the sound of rain on a roof although admitedly the damage tree branches do can be an issue.
Cheers Richard
[email protected]
http://www.yourstatefinance.comEmail us to be added to our foreclosure / REO / HUD list of US properties
Richard Taylor | Australia's leading private lender
Hi fullout
Yes wrapping a block of land is like wrapping any other property.
I have done it on more than 1 occassion as long as the wrappee understand that they will not be able to construct on the block unless you are paid out.
Email me if you need some more details
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Flash
I will make that call.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
No worries.
If you end up wrapping in Qld feel free to email me as i have done one or two.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
pete r
I own my own properties in the US and have done so for 20 years back from my UK days so i havent purchased a property through Westan or Alvin.
In saying that I have I believe helped over 50 of their clients in arranging finance in the US and not a single one of them has ever had a bad word to say.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
For honesty and integrity I don’t think you can go past either of these guys.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
FF Comm
Hate say old mate i think you are wrong on your selection of lenders.
Macquarie mortgage insure ever loan and they certainly don’t and or do Homeside.
On the insurance side you might like to check out CGU / Aus Unity. NRMA do not.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Have you considered looking further a field.
I find the US is an excellent market for +cash flow properties
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Hi dallas
Couple of things i would do is:
1) Maybe take an option on the parcel of land adjoining your property and make the option subject to a satifactory DA for the total subdivision. This will save you having to settle on it although in WA I believe you still stamp duty on the Option.
2) Yes Development Finance is a consideration but on a land subdivision you will be limited to what you can borrow as an overall percentage.
I would suggest you probably cost the subdivision first then maybe look to incorporate the costs and interest into a standard finance deal. I am unsure as to what amounts you are referring to.
Look to roll the interest up whilst you are progressing with the subdivision. Presales will certainly help encourage lenders to want to make this happen.
Another option although slightly more expensive would be a combination of mezz finance or a JV with a local developer.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
