Forum Replies Created
Clay
I know Burbong St well i am only around the corner.Might like to try Realway up in kenmore talk to Noel Elliot (principal) or one of the rental girls tell them Richard Taylor sent you.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
I am happy to mentor anyone in Qld when it comes to wrapping.
Due to time restraints would be happy to happy to answer and direct by email to start with.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
I am not getting bent anywhere.
I just get annoyed when people with no idea and obviously no experience start spurting on how to deceive banks and advocating non disclosure.
I thought the mortgage & investment industry was slowly weeding out the rotten apples but there appears to be new ones wanting to step into there place.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
where are you both based?
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
Chapel Hill Heights
Western Suburb of the River City
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
Scissors
Need to check the requirements for being a Buyer Agent and also the Credit License requirements in WA.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
Scissors
Many poeple have done just what you are considering both well and not so well.
A couple of things off the cuff to consider:
1) Maybe look at a Unit Trust structure so that investors can come and go without having to sell the property. They merely sell there units and life carries on regardless.
2) Look at the amounts of capital being raised and the numbers of investors to ensure that you do run fowl of ASIC regulations with regards to the Offer Documents or Prospectus you maybe required to issue.
3) Always provide investors with Due diligence that you have completed and with reference sources that they can check out the information themselves.
4) Consider your financing prior to going to contract on your first property so meet with a mortgage broker to discuss your options and the restriction potential lenders may place upon your or the borrowing entity.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
As others have mentioned check initially with COuncil that the area is zoned to allow you to construct something other than single residential dwellings on it.
If yes why purchase the property when you could take out a Call Option against the property and saving the costs of acquisition and sale.
Make the Option Clause subject to the issue of a accpetable DA and then get to work.
Once your DA is issued assign the option for a fee and draw up a simple standard RE contract on your property.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
Clay
Which part of Chapel Hill.
I am in Chapel Hill so should be able to point you in the right direction.Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
Dazzling
Before you go you wouldn’t like to post a copy of your loan offer from CBA (with all personal infromation blanked out of course) to show us that dealing direct with the Bank gets you a better interest rate and fee structure than dealing through a finance broker.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
Terry
I think we all now those lenders who will lend against valuation rather than purchase price.
It is luci uneducated comments we are referring to. The Vendor sets the purchase price with the aid of the selling agent. Certainly you have the opportunity of making an offer in excess of the purchase price with conditions that state you wish the Vendor to pay your legal fees etc on settlement to a given amount. This may or may not be accepted by the Vendor and his Solicitor.
The page would normally form an Annexure or Conditions page and the value of the cheque to be paid to you or rebate amount would be stated.
These pageswould form part of the standard contract and would need to be given to the lender.
No lender or his valuer is likely to add to the value of the property the cost of your legal fees.
As both Robert and I have maintained the cheques can be drawn however the Vendor or his mortgagee direct at settlement however the disclosure to the purchasers financier is another matter.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
Dazzling
You wouldn’t happen to a mate of Salib’s would you.
I assure you that the rate of interest you get charged is no different going through a mortgage broker or going directto the Bank.
Unless of course you want to give us all some actual evidence to proove me wrong.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
Kerwyn
You just dont get do you.
Non disclosure is a simple act of FRAUD.Topic closed
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
Try HTW talk to Gav Hulcumbe he is the residential director and a good mate of mine and he will put you onto whichever one of his guys covers the City.
Tell him Richard Taylor sent you and he will charge you double what he normally charges. Only kidding.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
MJ
Which side of Brissie?
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
Robert
I agree with you wholeheartedly about finding a better deal using a mortgage broker to process the application for you.
Look at our mate salib and his contacts with Homeside. Certainly the client wouldnt have negotiated that sort of deal on his own.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
Great Robert
I would ask you to let me see a copy of the offer letter but i guess your sworn not to show as it was a special deal and you oouldn’t reveal your sources.
Maybe next time I need a loan at 3% if i ask you nicely could you do a ring around to pull in another favour.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
Clive
Don’t want to nit pick but can i ask you where you investing in property in Australia at the age of 17.
it is just 18 is the minimum age who can legally purchase a property unless it is purchased in Trust.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
Robert
It was probably a special one off rate because of who Salub new. One in which they waived the establishment fees and agreed to cover his purchase costs and stamp duty on this deal.
The BDM was probably told not to tell anyone as it was a special one off. All other friends would need to be referred to other institutions and negotiate a similar deal with other of Salubs BDM mates.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
Samson
In qld you will not be subject to GST on an IP (Assuming you didnt develop the orignal villa and have treated for such under the margin scheme).
You will only be subject to CGT dependant on the date you signed the original contract compared to the date you settle on the sale.
As always talk to you accountant as you maybe able to offset a capital agin against previous capital losses that may have accrued.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
