Just make sure the contract does not include a clause that does not allow the sale to be on forwarded to a nominated party prior to settlement first. Different states may have different rules, but I know in Melbourne of recent years, some contracts do not allow the on sale of land until the property has been sub divided and…[Read more]

My name is Chris and I look after a lot of the finance queries for Property Investing.

There are one or two lenders, who are also major lenders that will offer bridging finance for up to 12 months and allow you to complete the servicing based on the end debt only for the new purchase/build, rather than the peak debt of the two…[Read more]

Im a mortgage broker and look after a lot of the finance enquiries that comes through Property Investing and I have had a look at the numbers provided, and there is some additional information that I would need to tell you if servicing is evident or not.

Things like dependents and if you are currently renting or paying off another…[Read more]

I hope you are having a good weekend.

Im actually a mortgage broker and look after the queries relating to finance for Steve and the Property Investing members.

I just want to confirm we are on the same page. You are looking to borrow 100% plus costs as well as the interest being capitalised and then repaying the outstanding debt…[Read more]

I hope you are having a good weekend.

Im actually a mortgage broker and look after the queries relating to finance for Steve and the Property Investing members.

I just want to confirm we are on the same page. You are looking to borrow 100% plus costs as well as the interest being capitalised and then repaying the outstanding debt…[Read more]

You can purchase a property where your wife is the sole owner of the property, and you are only on loan as a servicing guarantee as long as you are using a lender who provides this ability, which the majority of lenders do and as long as it is between a husband and wife or defacto partners.

However, you must understand that any…[Read more]

I am the in-house broker for property investing and the information you have provided is correct. AMP has recently changed its appetite by only providing any type of trust loan, whether it be a purchase, refinance or increase at an aggregate million-dollar minimum. There are a few other lenders who would be willing to do this deal,…[Read more]

I am the in-house mortgage broker for property investing and I have access to over 50 different lenders. It definitely does pay to look outside the one lender as different lenders have different ways of calculating things and I have seen one lender offer $300K more based on the exact same numbers. The reason being is they factor in…[Read more]

I am the in-house mortgage broker for property investing and I have access to over 50 different lenders. It definitely does pay to look outside the one lender as different lenders have different ways of calculating things and I have seen one lender offer $300K more based on the exact same numbers. The reason being is they factor in…[Read more]

Hi Amelie,

Without seeing the structure of the setup and confirming if the company that owns the properties is trading, it is a bit hard to give you some exact advice on your situation.

If you have the income to support the lending on your own including any income received outside of this company as well as the rental income…[Read more]

Hi Craig, To answer your questions, as long as servicing of the debt is evident then there is no reason that this amount would need to be closed. I’m assuming it operates as a rainy day fund and as long as you can afford it, then yes you can certainly keep it there.

When you purchase a new property, you would need…[Read more]

Hi Craig, To answer your questions, as long as servicing of the debt is evident then there is no reason that this amount would need to be closed. I’m assuming it operates as a rainy day fund and as long as you can afford it, then yes you can certainly keep it there.

When you purchase a new property, you would need…[Read more]

My name is Chris Berry and I am currently the mortgage broker who deals with all leads and referrals for Steve Mcknight and Propertyinvesting.com

I have been in the finance game for about 16 years now and thought I would give you my opinion on the industry.

Being a finance broker and working for myself, I can definitely…[Read more]