Redwood replied to the topic Know a finance provider ? i want to borrow 90% value but not pay LMI in the forum Finance 10 years, 3 months ago
As Tezza said – no Australian institution will that I am aware of however there are US lenders that will lend to Aussies. We do the SMSF side which is quite complex, however you can buy in your personal name and get a loan from a US lender too….
Cheers, Ivan
Redwood replied to the topic NEW: US Property Focus Group (Free to Join) in the forum Overseas Deals 10 years, 3 months ago
Hi Kev, I can speak for SMSF – and that is a no – however, we have lenders in the states that will lend to SMSF – thats a real big step given the relaxation of credit in the States recently. The structure is complex to be a complying smsf, however we have it covered luckily which is great for aussie SMSF investors wanting to take advantage of…[Read more]
Redwood replied to the topic “THE INVESTORS CLUB” ANYONE HEARD OF THEM OR KNOW WHAT THEY ARE ABOUT? in the forum Help Needed! 10 years, 3 months ago
Lets hope people or potential investors watch this and please seek a 2nd opinion and not sign blank forms!
Cheers Ivan
Redwood replied to the topic Question for everyone. What would you do with 125k? in the forum Help Needed! 10 years, 3 months ago
Open ended question and really depends – for me I’d use it for a deposit and fund a new development – but that is me. Really depends on the source and the strategy, no strategy and you may be better heading to crown and betting on black?
Cheers Ivan
Redwood replied to the topic Self managed super funds in the forum Help Needed! 10 years, 3 months ago
Hi there, unfortunately its a no – many a client asks this question and unfortunately I need to pass on the bad news.
Cheers Ivan
Redwood replied to the topic Self managed super funds in the forum Help Needed! 10 years, 4 months ago
Hi Christopher, there are a heap of us that deal with wither the set up of or administration of SMSFs or Finance on this forum. There is a wealth of info on the internet on SMSFs including benefits and risks. Put simple, SMSFs are flying and one of the growth sectors of finance, for good reason including lower tax rates, compulsory super and…[Read more]
Redwood replied to the topic Looking for an independant Finance adviser/planner around PERTH in the forum Finance 10 years, 4 months ago
David there are a heap of brokers on this Forum including Jamie who posted above. Try by giving Jamie a call to talk about Finance and then determine whether you need to see a planner….plenty of info here for you to come to a decision on a property
Cheers, Ivan
Redwood replied to the topic Hypothetical question in the forum Help Needed! 10 years, 4 months ago
There is always a special scent in the air in Werribee, has this changed?
Cheers, Ivan
Redwood replied to the topic Steve seminar??? in the forum Heads Up! 10 years, 4 months ago
Maybe bring a date along and ask her to split the cost? :D
Cheers, Ivan
Redwood replied to the topic Which Author, Mentor, Trainer – Strategy in the forum General Property 10 years, 4 months ago
This may sound a little strange however, my mentor was and is my father. Those who know me may be aware that I have a european heritage, which means I like bricks and mortar (literally! I love building too and my old man was a bricklayer by trade).
I started my investment journey at 18 – almost forced but saved an amount by working my butt off…[Read more]
Redwood started the topic Farm in an SMSF in the forum Finance 10 years, 4 months ago
Hi guys,
Got an interesting SMSF loan I have been working on.
I have a client who is purchasing a farm through the SMSF and we are seeking finance.
The farm is 900 plus acres in NSW.
Super balance is healthy and can service a LVR of 50% in fact that is all we need. We have found a lender that will accept the farm as security however given…[Read more]
Redwood replied to the topic Developing Blocks of Units in the forum Help Needed! 10 years, 5 months ago
Hi there, the first two points are covered by the others.
Re number 3, don’t bite more than you can handle.
Capital is key ($$$$). You will need capital to build as ensure you use a registered builder unless you are one.
Liquidity will be impacted by your sale potential – important to do a realistic budget to ensure CF is adequate.
There…[Read more]
Redwood replied to the topic Planning Process in the forum Help Needed! 10 years, 5 months ago
Great to hear that Jamie.
Dealt with a clueless broker on a SMSF deal recently. He had no idea on SMSF deals (quite a few brokers are in that boat), and took the banks side rather than the clients best interest in the review of the mortgage docs (personal guarantees) and bare trust, which the NAB proposed changes to benefit the bank and would…[Read more]
Redwood replied to the topic What do you think of this deal? in the forum Overseas Deals 10 years, 5 months ago
question answered…….sorry
Cheers, Ivan
Redwood replied to the topic What do you think of this deal? in the forum Overseas Deals 10 years, 5 months ago
Engelo – good stuff mate, keep on being aggressive with the marketing and communication, stay aussie and try to take the above from whoever he is constructively.
My only constructive feedback is button up the shirt bro!
Whether Toledo is right or not, i’m not right to comment.
Cheers, Ivan
Redwood replied to the topic beginners question in the forum Value Adding 10 years, 5 months ago
Hi Tom, don’t listen to a RE agent…..what do they know about developing?
Chat to a Town planner (council or independent) or give a builder a call for a quick chat of what you can do based on the area you are in. Those two discussions will point you in the right direction to establish an effective goal to achieve profit.
cheers, Ivan
Redwood replied to the topic Renovations in the forum Value Adding 10 years, 5 months ago
Hi there, we do all reno’s ourselves, but if that was me – I would go up there for a weekend and organise 3 builder quotes (small builder in the area). Alternatively, get 3 kitchen blokes and plumbers to give you a quote. Assume you will have no planning issues as its internal.
Cheers, Ivan
Redwood replied to the topic Wanting advice on finding the right mortgage for an IP in the forum Help Needed! 10 years, 5 months ago
Nothing needs to be face to face these days, from online dating to broking and accounting, choose the best provider as the local provider may not be the best.
Cheers, Ivan
Redwood replied to the topic Company to SMSF in the forum Legal & Accounting 10 years, 5 months ago
Hi Gumtree, it is possible however depends on the facts. Transfers can be made of ‘business real property’, and if not need to look at in-house assets rules, which is a disaster if you breach. In any case, best to sit down with an advisor and thrush it out.
Cheers, Ivan
Redwood replied to the topic What Supplements Do You Use? in the forum Forum Frolic 10 years, 5 months ago
Just as an FYI I reported the post – hope you guys did….obviously spam.
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