Hi Jimmy

Or of course structured correctly a non bank lender / second mortgagee might have a lower rate of interest than a standard Bank lender.

Cheers

Yours in Finance

Hi Andrew

Don't tell me this incredible opportunity has been presented to you by a firm that tele-marketed you telling you had to act quick before all of the options were sold, promised the world, showed you some nice graphs etc.

Seems too good to be true doesn't it….. well the good news is it is.

I have used Call Options on many a development deal and Yes they can work well but do a forum search on the subject and you will see these firms are cropping all over the Country offering the same thing.

They may their money today and you sit and wait for 8-10 years on a whim and a prayer.

There are better things to invest in.

Cheers

Yours in Finance

Hi Paul

I am not sure if i understand what you are asking but if you are wanting the formula for working out the interest repayments on an interest only loan it is merely

Loan x interest rate (expressed as a percentage / 365 x number of days in a month.

If i am barking up the total wrong tree let us know.

Cheers

Yours in Finance

Pleasure Alistair have to discuss some of those caveat / second mortgage lending deals you have when i get back from the UK in the New Year.

Cheers

Yours in Finance

Agree with Shahin if you do enough of them then they are fairly straight forward.

100% financing is available with a combination of Bank / Related party lending so in the event of you being short of funds there are always options that can be considered.

We do many a deal for clients with only 75-80K in their SMSF and in fact recently sourced a couple of freestanding houses for SMSF forum clients for 305K in a decent sized town so they are out there.

Finally i have to say the set up costs you have been quoted do seem on the high side.

Cheers

Yours in Finance

Cmoore

Welcome to the forum.

I hate to say with that search criteria i can't see you finding anything that you would really want to own and honestly believe you are going to get good capital growth.

Personally i prefer inner Brisbane suburbs and have all of my properties there.

In saying that you are not going to find a free standing home without going 10Km + north for under 350K.

Personally i wouldn't touch Petrie / Kallangur and think Logan is definitely overheating 

We are seeing signs of this in may of the valuations we get back for forum clients. 

We wouldn't put any of buyers agent clients into properties in either of these suburbs if they were looking for longer term capital growth as i think you could do a lot better.

Cheers

Yours in Finance

Hi Captain

Yes i hate to say as the property is over 5 acres so yes your father would pay CGT if he gifted the property to his children.

You are unable to borrow against a property which is not in your name so using the potential equity is out of the question.

Ignore the concept of ever ending borrowing by using Trust  structures as it simply does not work Steve has subsequently corrected this statement.

Without considering your potential future inheritance you would seem to have sufficient combination of equity / income to set yourself up nicely if you structure your finances correctly going forward.

Cheers

Yours in Finance

Don't tell me they are working out of Melbourne and promoting taking an option over long term land subdivisions.

Walk away and save your money.

Cheers

Yours in Finance

Yes i cannot see why you would want to try and get around the NCCP legislation even for serviceability.

It is simple if you can't show you can service the loan you cannot afford.

I am not talking about Tax Returns as these are not always required by lenders.

Cheers

Yours in Finance

KSJA based on the fact that you have no non deductible debt and based on the fact you don't need the potential interest to support your living expenses i think it is a good place to park the cash for the time being.

Cheers

Yours in Finance