Hi Mgs4

Yes you could certainly market the property to investors however remember if you intend to offer them either an instalment contract or second mortgage carry back for the deposit you need to hold a credit license other wise you are breaking the law.

Cheers

Yours in Finance

Hi Kev

Would you like to spell that out in English and we can assist.

Cheers

Yours in Finance

Tom no i meant lenders will want 2 Years business Tax returns in order to take your wrap income into consideration for servicing.

Also you don't need a License to buy a property as you are not the one providing Credit.

Cheers

Yours in Finance

Hi Tom

As i say with only 25K available i can't see you if doing 1 deal.

LMI is not available on a wrap deal so it would mean you have to put in a minimum of 20% of the purchase price.

Even with your fathers 150K LOC the property would need to be in your name as he couldn't offer credit terms without a license.

When i started First Home Owners Group (a specialist VF company) in 2000 we stuck in $5M cash between 3 of us to get up and running and whilst you could build some sort of a business with less financing has got a lot harder and prices have iincreased.

Also remember you need income outside of installment contract returns as lenders wont accept that without 2 years 

Cheers

Yours in Finance

Must admit I am surprised how many investors I come across are so unprepared or ill advised when it comes to property investing generally.

I guess it is the reason why I started the TFS buyers agency division headed up by JacM who is a long standing forum contributor and property investing expert.

Cheers

Yours in Finance

Yes we certainly do that on the forum. 

Sometimes some of us older hands are too busy to answer every post.

Certainly try to offer some useful imput when we can.

Cheers

Yours in Finance

We certainly have not seen any slow down in the number of forum clients wanting to us to buy a property for them thru our Buyers Agency arm.

Most investors like to know they are dealing with someone who has been there and done it and doesn't need to charge an arm and a leg for such a service.

Like anything just ask the person you are dealing with how many properties they have acquired and what is there overall investment experience.

Cheers

Yours in Finance

Also just ask your Buyers Agent how many properties they currently own.

Makes me laugh when clients tell me the person selling them a property doesn't own any IP's themselves.

Both my partner and I are licensed and we never have a problem telling clients what we have done.

Don't be suckered in because they have a flash office front or sweet smiling secretary.

Cheers

Yours in Finance

Hi Willis

If the current properties are investment loans and you have or may likely have potential non deductible debt in the future then an interest only with offset account maybe on one of the loans might be the way forward.

Difficult to advise without any details but most of the long term brokers on the site here certainly are not in the business of fleecing forum clients.

A portfolio structured correctly should mean you can carry on buying and building your investments.

I say to every client the only hurdle to owning 40 + properties is the ability to show on paper you can support the borrowings and the coming up with the necessary deposits etc required on each new purchase.

There are a few ways to get over these but depends largely on the clients personal circumstances.

Cheers

Yours in Finance

I am with Terry don't mind if i give it a miss.

Most of my clients stay with me and dont ship when the next lender / brokers offers them 5 bps less they are paying.

Cheers

Yours in Finance