Hi Mika

JacM (Jacqui) who is a long time forum contributor to the forum is an experienced Buyer Agents.

She is not based in Bathurst but i know she covers Vic and NSW.

Shoot her a PM and i am sure she can help you.

To be honest we have been avoiding Bathurst for our clients due to some of the valuations that are coming in as we find there are better areas for cash flow investment.

Cheers

Yours in Finance

So do many many lenders and some lenders go higher than that.

All depends on your equity position etc.

Cheers

Yours in Finance

Hi James

Can i be so bold to ask you why you feel you need to take on a partner for your next purchase.

You mention that it is your second purchase so you have been there before and i am wondering what you believe a partner will bring to the table.

Cheers

Yours in Finance

Depends on what the valuer states.

If it ha a commercial lease then No wont fly.

Cheers

Yours in Finance

Would have thought the LVR and interest rate would be competitive and somewhere in the 5's.

You don't actually mention the properties are Commercial but if they are there are a few lenders who will do a deal solely based on the rent received.

Course more information would be needed to make a further recommendation.

Cheers

Yours in Finance

Hi Jamie

With some of the new blended loans on the market you may find this a cheaper way to go as the LMI will be a lot less.

Just settled one for a forum last week and we managed to get 98% with the LMI being nearly half the price of what her own Bank had quoted her.

Cheers

Yours in Finance

I am assuming Terry's point number 2 above should read

2. Depends on the wording of the deed and not dead.

In my experience difficult to get much out of the dead.

Had a forum client contact me yesterday who had set up his Pty Ltd Company / Trustee and gone down the whole way with his own Bank only to get to letter of offer and guarantee stage and they had asked for his Adult daughter who was over 18 to be a Guarantor.

Yes crazy that it is this is what some lenders ask for.

Just make sure your Broker has done 1 or 2 deals in this sphere as whilst the lending can be fairly straight forward with some lenders for others it can ridiculously hard.

Cheers

Yours in Finance

Finance in the US is and always has been available to Foreign National's however in most cases the US Bank's will not accept the type of security most Australian want to purchase which normally is in undesirable areas and the asset value is below the Bank's minimum.

If you look at a multi unit block and the block is in the right area then you will fairly easily get 65-80% lvr.

Have a word with the Freckle from the forum as he has a US Partner and specialises in multi unit dwellings in Florida.

Cheers

Yours in FInance

ICCD $500 is ridiculously cheap and hate to say you get what you pay for.

Somewhere in the middle is about right for Professional costs and then of course you have searches and outlays.

Considering for most of us it is our most expensive purchase you want to get good advice.

Happy to give you the name of our lawyers in Melbourne if you want a second opinion.

Cheers

Yours in Finance

Needless to say it says it all.

All good when it is going up but can be very volatile.

We would never put a client into a mining area full stop.

Cheers

Yours in Finance