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Where abouts in RedHill is this?
I lived over there for about 4yrs renting & reno-ing for rent. One issue i found that a lot of people have is check if it is Heritage listed. There are a million issues with reno-ing a heritage listed house
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[email protected]im pretty sure that john bedford or Cameron Bird Property Group has AFSL…
Ive dealt with him a few times; with good service and advice, with +ve cashflow properties
Alliance Finance and Property
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[email protected]Another lender to look through for No-Doc loans which i use all the time & are great …
try Capital First or Ascent Mortgage Management
PM me for more details or i can put you onto them
Alliance Finance and Property
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[email protected]Count us in too! Would be fantastic to learn more. Let us know if you’d like any help organising anything.
We’ll be coming from Coorparoo
Katie and nic [exhappy]
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[email protected]Perth is good. Mackay was about 4years ago (my cousins got in at the right time)
Hervey Bay (cheap beachside land – 1/2ac <$230k), Chinchilla ($45k in two months), Merrimbula is good (email me for some good details/contacts)Alliance Finance and Property
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[email protected]Id be interested. I’m nornally somewhere between Brisbane and Hervey Bay. Always keen on knowing more
Alliance Finance and Property
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[email protected]you can register a mortgage in one name, but you need to have a 3rd party declaration that the other party signs to acknowledge that there is a mortage over the property.
ive done quite a few of these in the past
Alliance Finance and Property
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[email protected]Hi James, (this goes to all brokers who are solitary or just need some back office help)
I’ve been working on a system with my curent aggregator (FAST) to encompass the whole of Australia; a credit processing centre- ready to kick off on the 1st of September.
No direct accreditation is needed, an introducer manager & a reference ID will be assigned; a small portion of the commission is retained to pay for the processors.
Just have the deal ready, fax it over – the credit processing centre takes on board all processing details and following up. No direct contact with the client is performed. Essentially the broker is our client just as the consumer is the brokers client. You are automatically kept in update via text and email every state change & step of the way.Easiest way to ever have a deal processed and submitted. Any questions; [email protected]
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[email protected]ditto again…
you can take some basic guidelines of about $250k borrowing off $50k gross and $350k off $75k gross and probably get some idea of what you can borrow off a website – but you still need to take your individual situation into account with personal loans etc into play
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[email protected]i use a lot of securitsed/wholesale lending myself, who provide rates below 7% and no ongoing fees… i dont need the access to wander down to a branch so why should i pay fees for services i dont want/need?
go with what you’re comfortable with is my theory – some people like to use a big name bank because they “know” them, some people just want a loan with low fees and rates
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[email protected]Hi Damon et al,
The home equity loan is more an offset account, whereas the Equity manager is a LOC.
Keep a close eye on which one you really need. An offset account is great if you dont plan to redraw too often and just simply want to have the loan paid off. Also you need a minimum of $5000 in the offset account at all times to have this account set-up work.
Because you are looking at investing, redrawing and re-investing, i would recommend the LOC (stay with ANZ if you want, but i prefer other banks for their LOC’s). Keep the two accounts for personal and business seperate always (for tax of course).
Depending on what size loan you are taking out (im going to assume that it is >$250,000 due to their being two properties) you should be able to look towards under 7% or no more than 7.11% (including the latest rise).
If you’ve got any questions, feel free to drop me an email or a line. I’m an experienced broker working out of Bris, Perth, Syd, Melb, Ballarat, Hervey Bay, and Cairns.
Cheers
NikAlliance Finance and Property
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