Forum Replies Created

Viewing 20 posts - 1,161 through 1,180 (of 11,968 total)
1 … 55 56 57 58 59 60 61 62 63 … 599
  • Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 28, 2014 - 10:36 pm

    Yes agree there is no shortage of good lenders in this sphere.

    Brisbane has a bit of Company Title in a particular suburb and we have never had a problem.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 26, 2014 - 11:59 am

    Chris whilst Arun has painted a simple picture i have to say there are far more considerations to think of.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 25, 2014 - 10:29 am

    Hi Captain

    Firstly congratulations on deciding to take the steps to financial security thru property investing / development.

    Have to say your current loan set up is a mess and you should have 1 loan across 2 securities.

    I would be looking to get your broker to untangle this and have the loans separate.

    You can then look at accessing the equity in the properties to enable you to go forward.

    I am assuming your father is going to cover the cost of subdivision so that is not an expense you need to come up with.

    I am not sure what you intend to do with the block once it is transferred into your name i.e sell, develop, build upon etc. but once we know this we can advise further.

    Going forward in regards to development you are going to be governed by your income and the ability to demonstrate to potential lenders that you can service the ongoing loans.

    Before you rush out and give up work to become a full time investor / developer make sure you have financing in place to help you move forward as this could be a stumbling block to further progression.

    As often is the case a little more details is need to provide a more structured answer.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 25, 2014 - 4:15 am

    Really i have sat on the credit scoring side of a lending desk and profession weights very heavily.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 25, 2014 - 4:14 am

    Yes i am doing the deal for the client at the moment so some inside running.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 25, 2014 - 1:56 am

    Steve how did you go with JDL ?

    Meant to say your name is the same as a great Wolves centre forward of the 80/90's.

    You are not related lol.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 25, 2014 - 1:52 am

    Do not think about setting up a SMSF until you have received Professional Advice from a Licensed individual.

    We see many a client who has received inappropriate advice from a Broker who is not licensed.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 25, 2014 - 1:49 am

    Personally Daniel i think you are doing a good job.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 25, 2014 - 1:47 am

    Arun as mentioned it is a block of units and not mortgage insurable.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 25, 2014 - 1:46 am

    Whilst Arun may not think that type of occupation is important we have got many a deal over the line where the client was in a profession that suited part time work.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 25, 2014 - 1:41 am

    Benny yes there are a few lenders offering fixed rate loans with 100% offset.

    One in particular offers a credit card at home loan rates over and above their standard lvr.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 24, 2014 - 12:36 pm

    Hi Ivan

    It is fine i have emailed Arun asking him to adjust his post accordingly it or i will deal with it.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 24, 2014 - 12:19 pm

    Hi Jen

    Your requirements are not anything out of the ordinary and a service I would expect to provide to all of my clients.

    Sounds like your previous broker has not served you well.  

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 24, 2014 - 10:23 am

    Hi Arun

    The security is a block of units so we have moved on from Citibank.

    Not a matter of other features more a matter of getting the deal done at the right lvr.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 24, 2014 - 9:52 am

    Tell us about it.

    The phone never stops ringing at the moment.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 23, 2014 - 12:25 pm

    Definitely seek alternative advice from another Solicitor.

    Getting it wrong and not disclosing where you should have you may effect the potential sale.

    In Vic we use Harwood Andrews and can highly recommend them.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 23, 2014 - 12:16 pm

    Tony has nailed the legislation correctly.

    We do a number of SMSF loans and it is a question that our SMSF client ask regularly.

    The legislation refers to changing the description of the asset and minor repairs that are paid for by cash reserves in the SMSF should be fine.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 23, 2014 - 12:09 pm

    Moi a lawyer. 

    No hate to say that's not me…..

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 23, 2014 - 12:06 pm

    BB3, You cant go past Steve Hodgkinson – Gold Business Group In Southport. Ph 07 5532 2855

    Steve has been my Accountant for the last 17 years and is an expert in his field of property investing etc.

    Actually a forum member but a bit too busy to respond to posts these days.

    Give him a buzz and tell him i sent you.

    At least that way you will get past the reception as most good property accountants are not taking on new clients

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 23, 2014 - 11:58 am

    How much work in dollar terms are you talking about ?

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

Viewing 20 posts - 1,161 through 1,180 (of 11,968 total)
1 … 55 56 57 58 59 60 61 62 63 … 599