Forum Replies Created
Hi Lee
I run a 100M+ Private Lending Fund so might be able to assist you.
Feel free to drop me an email with your submission and be happy to look at it for you.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi FXD
Yes we are seeing this day in day out with many clients who have equity but unable to access it and move forward with their existing lender.
All part of a brokers loan structuring armour.
Cheers
Richard
Richard Taylor | Australia's leading private lender
In the main 7.25% on both existing & new debt but there are a number of differences in the interpretation.
Odd second tier lender still working off actuals for existing debt but a dying breed.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi Chris
Firstly welcome aboard and hope you enjoy your time with us.
0-130 is a great read especially as you start out but I think even Steve would agree that those strategies that applied when the book was first written have changed considerably over the years.
Regretfully even with the strongest will in the world no lender will allow you to roll your personal debt into your home loan and you will need a deposit of in excess of 5% of the purchase price. I would strongly suggest you focus on paying down this consumer debt even if means refinancing to a lower rate Some low interest rate or interest free credit cards still exist so this might be worth looking.
Good luck with your business and your home ownership ambitions.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi Mel
Matter of working out the structure you currently have, what you want to achieve from the refinance and then what your future goals are going forward.
What we often see is a client with a mass cross collateralised mess and this can often take a while to undo but with an appropriate choice of lender and correct structure it can set you on your way to achieve your financial dreams.
Have a read of my API article and you will see what i mean. I can certainly email you a copy of you would like.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi Danny
Good to hear you don’t charge a fee to your clients.
Can we confirm that is for established homes as well as knew property?
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi Michael
Welcome to the forum and I hope you enjoy your time with us.
Might be slightly biased but I would look at Brisbane.
Market here is just starting to kick along nicely.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi Barlow
Happy to send you a couple of interviews i have done with a number of publications which might give you some insight into how to build a portfolio.
I have used a number of strategies over the last 25 years which enabled me to build a unencumbered portfolio with a value in excess of 40M.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi Steven
Option 2 is certainly doable and interest rate would usually be higher than the interest rate on the first split if you are going IO on split 2.
In saying that you may find you can improve the rate on split 1 be refinancing to compensate for it.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi Lolo
Sure my email address is on my signature.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Tycoman you join the forum in 2016 and then post your 2 replies 2 years later……
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Wow never seen a post with so many maiden posters all endorsing a company with their first and only post.
Even more amazing is the time between the posts.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi Ho
No he is limited to what he can buy even if he is a Director of a Company being a non-resident.
Yes that is possible however there other considerations including Stamp Duty and CGT to be considered.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
I think what Jsoe is referring to is selling the property at a favourable price to a related party i.e Sister.
There is nothing to stop you selling the property at any price however if the sale was done on favourable terms (Substantially less than the market value) then the State Govt may require the purchaser to pay stamp duty on the deemed higher price.
The same would go for the ATO in regards to CGT if the property was used for investment.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi Hung
Welcome to the forum and I hope you enjoy your time with us.
If your friend is a Non resident he will be limited to what he can purchase and will require the approval of the Foreign Investment Review Board.
Nothing to stop him being a Director of an Australian Company as long as there is 1 Director who is a permanent resident but this won’t help him.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi Mack
Welcome to the forum and I hope you enjoy your time with us.
Until recently we operated a Investing Mentoring service for new investors and in 2004 pledged to make 100 x $1M property millionaire’s which we successfully achieved some 9 years later.
If you would like a PDF copy of article i wrote for the API magazine shoot me an email and be happy to send it over to you.
Might give you some insight into how we created our property fortune.
Some of the strategies might not be applicable these days but might give you a few ideas.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi James
Welcome to the forum and hope you enjoy your time with us.
We work with a lot of First Home Buyers using a blended loan being a personal loan for the deposit & traditional finance for the balance of the purchase purchase.
There are a couple of lenders that specialise in providing Gap Finance so as long as you have regular income and good stability in relation to residency it is certainly possible.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi Harri
Which part of Brisbane are you based in.
My firm is based in Milton and we cover all areas whether it be legal advice, financial planning, mortgage broking or Accountancy.
Certainly happy to offer you some appropriate advice.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi Simon
No not uncommon and is merely because of the “cash out” component.
You have obviously declared the funds are for “future investment” and the lender wants to see where they are going to be invested.Had to sign off on 2 this week alone for a couple of our clients both who were doing a larger “cash out equity” deal.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Try Xenia at:
ALEXA Real Estate
RLA 234 751I
SALES & PROPERTY MANAGEMENT
ALEXARealEstate.com.au
[email protected]
0412 437 582We would have introduced hundreds of clients to her over the last decade or so and never had any complaints.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
