Jacm – thanks for the insight. When you lay it out like that I can see how the banks may view my plan

Richard – what do you reckon the likelihood of getting finance is in today’s lending market with 10% finance? Should I even bother or would you recommend just waiting and saving a further 5-10%? Will that even be enough?
You mention there are…[Read more]

Thanks for your replies guys. I’m more than a little confused now though as I have two brokers telling me two different things. Richard is saying it shouldn’t be a problem getting a residential loan on anything up to 4 units on the one title and Shahin are you actually saying that I will more than likely need a commercial loan, is this right? I…[Read more]

Shahin – is this just in my case because of my plan and only with certain lenders or have the majority of lenders further tightened their lending criteria?

Also, how come the number of units on the title has such an impact on financing?

Richard – thanks for your reply. What do you mean by ‘credit scored’ as opposed to what? Not credit scored? I’m sorry but I don’t understand these terms.

Also, I will be able to come up with a minimum of 10% deposit although I am wondering If you recommend only coming in with the minimum of 10% or putting down more? I could, but i wonder if I’m…[Read more]

I don’t have a specific property in mind for purchase just yet and therefore I can’t provide any exact details. From what I’ve been looking at though, I will be able to cover anywhere from a 12-15% deposit with the savings I have currently.

Will the fact that I plan to continue renting out the remaining units aid in my quest for finance as I will…[Read more]

Thanks for the advice.

Any ideas on how i might go about structuring the loan/s for this type of plan?

Shaihin – In QLD

Richard – Thanks for the welcome and your reply. Thats good news about the FHOG from what your saying about your clients experience. Are you able to provide a little more insight on how you recommend structuring the loan/s for this type of strategy. What did you client do in his/her case?

Terry – Yes, from all the info i've read…[Read more]

The majority of blocks i've been looking at aren't strata titled and as such, they all come under the one title which is where i see the complications beginning to start . . .

What would make me ineligible for the FHOG?

I've been looking at between 3 and 4 unit blocks.

thanks guys. Its pretty much what i thought, it can’t really be done as simply as transferring equity as cash to another person

Yes, I’m interested in how the equity could be transferred as a gift to another family member.

Scenario: ‘Bill’ has a $220,000 mortgage, his property was recently revalued at $300,000. Bills brother needs $65,000. Can Bill transfer his equity in the form of cash as a non-refundable gift to his brother? How would this be achieved and what possible…[Read more]

Hi Guys,

Thanks for your replies. I am not trying to do this myself, someone had actually told me that it could be done but i just couldn’t understand how you could do it, as i don’t see equity as something that would be transferable. . .