PropertyInvesting.com | Richard Taylor | Activity https://www.propertyinvesting.com/members/qlds007/activity/ Activity feed for Richard Taylor. Thu, 06 Nov 2025 11:33:34 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 7e24e1554ec6d16da95fc2e6538a25df Richard Taylor's profile was updated https://www.propertyinvesting.com/activity/p/405709/ Thu, 01 Dec 2022 10:02:06 +0000 157b2f0443cda9ea81d6a18e32d0cb11 Richard Taylor replied to the topic Foreclosure on property in the forum Finance https://www.propertyinvesting.com/topic/5084515-foreclosure-on-property/#post-5084524 Thu, 01 Dec 2022 10:00:47 +0000 Charlie, You will need to contact lenders directly.

As a Private Lender we unfortunately take possession of a number of properties where a debtor is unable to meet their interest committments.

It is a requirement of the mortgagee in a MIP sale to ensure they receive a fair and reasonable price.

There is no requirement to take the property to…[Read more]

]]> a55f0d141ddb55c3c67d31d2f0bdef35 Richard Taylor replied to the topic Lending help Development in the forum Help Needed! https://www.propertyinvesting.com/topic/5082792-lending-help-development/#post-5082848 Sun, 17 Apr 2022 17:14:46 +0000 Peter specialised area but we do a lot of development finance.

In fact we do so much we even created our own Pooled Mortgage Fund which has just under 500M FUM.

Cheers

 

Yours in Finance

 

]]> 8805965135ea18a765738060cba009bb Richard Taylor replied to the topic struggling with bad credit score and want to get home loan in the forum General Property https://www.propertyinvesting.com/topic/5082828-struggling-with-bad-credit-score-and-want-to-get-home-loan/#post-5082833 Fri, 15 Apr 2022 08:59:53 +0000 Hi Joestone

Depending on the level of deposit you have access to then there are many non conforming lenders who could assist.

Cheers

Yours in Finance

]]> 85824223fab2c268f6881a11e74eeeea Richard Taylor replied to the topic How to use equity in the forum Finance https://www.propertyinvesting.com/topic/5077842-how-to-use-equity/#post-5077859 Mon, 10 Jan 2022 12:25:27 +0000 Hi Dean

Just remember unless your Financial Planner is licensed he cannot provide you with Credit Advice,

Shoot me an email and I can reply with the article in PDF format.

Cheers

 

Yours in Finance

 

 

]]> fe1bc0ea1cae58d090947763692c5bd7 Richard Taylor's profile was updated https://www.propertyinvesting.com/activity/p/400138/ Mon, 10 Jan 2022 10:36:54 +0000 1aebf1f11bb7da1ed1307f72683f6a82 Richard Taylor replied to the topic How to use equity in the forum Finance https://www.propertyinvesting.com/topic/5077842-how-to-use-equity/#post-5077857 Mon, 10 Jan 2022 10:35:21 +0000 Hi Dean

Welcome to the forum and i hope you enjoy your time with us.

Many other considerations other than just the deposit split but yes subject to the lender you would be able to access > 20% from the equity in your own home. Apart from structure and maximising the interest deductions you also need to think about whether this purchase is a one…[Read more]

]]> 14ffd5344aaf564c66f336b73a0d53b2 Richard Taylor replied to the topic Lending leniency in the forum Finance https://www.propertyinvesting.com/topic/5076650-lending-leniency/#post-5077824 Sun, 26 Dec 2021 11:09:48 +0000 Youe rental income will be shaded and your loan repayments sensitised so irrespective of what you receive or repay lenders will use totally different figures.

Cheers

 

Yours in Finance

]]> c15a5690ba9ab0df1617a47890e1a325 Richard Taylor replied to the topic Lending leniency in the forum Finance https://www.propertyinvesting.com/topic/5076650-lending-leniency/#post-5077824 Sun, 26 Dec 2021 11:09:48 +0000 You rental income will be shaded and your loan sensitised so irrespective of what you receive or repay lenders will use totally different figures.

Cheers

 

Yours in Finance

]]> 1653a7d41ce73ebea049499282193c09 Richard Taylor replied to the topic Investing in Australia Property as a Foreigner in the forum General Property https://www.propertyinvesting.com/topic/5077790-investing-in-australia-property-as-a-foreigner/#post-5077798 Sun, 19 Dec 2021 03:18:10 +0000 Hi, there welcome to the forum.

Hope this helps.

What are the rules for non-residents buying property in Australia?
Australia’s buoyant residential property market, economic stability, natural beauty and favourable climate have made it an attractive destination for international real estate investors.

However, the rules for non-residents b…[Read more]

]]> 5f1c233d7554429e43ed6d32a971ce6f Richard Taylor replied to the topic What are the best investment options? in the forum Finance https://www.propertyinvesting.com/topic/5071742-what-are-the-best-investment-options/#post-5076907 Mon, 27 Sep 2021 09:37:34 +0000 You could also invest in the casino and probably have more chance of a return that trading Forex.

I own http://www.ascf.com.au and as Australia’s largest Private Lender we offer a reasonable return for investors.

Cheers

Yours in Finance

]]> 5e6a74c611c94ff8407c09e69f4ab6a3 Richard Taylor replied to the topic property syndicate in the forum General Property https://www.propertyinvesting.com/topic/5076852-property-syndicate/#post-5076906 Mon, 27 Sep 2021 09:35:07 +0000 First thing i would ask any prospective organisation you intend to invest with is:

1) Do you hold an AFSL?

2) Do you have an Insurance to protect investors funds.

3) Are you a member of AFCA.

If the answer is no to any of these then i would be wary.

I own http://www.ascf.com.au and as Australia’s largest Private lender we certainly could answer Yes…[Read more]

]]> 7e1989e59afe4f964b315d7fcb5c4ed6 Richard Taylor replied to the topic Home Loan Borrowing using Trust in the forum Finance https://www.propertyinvesting.com/topic/5068817-home-loan-borrowing-using-trust/#post-5076371 Tue, 03 Aug 2021 22:38:03 +0000 Really, maybe it was the lender you went thru as many lenders understand the structure and for a good broker it is second nature.

Cheers

 

Yours in Finance

]]> cbc649236b428c28150659738e35bc45 Richard Taylor replied to the topic Debt recycling in the forum Finance https://www.propertyinvesting.com/topic/5076364-debt-recycling/#post-5076368 Tue, 03 Aug 2021 09:38:41 +0000 Hi Wan

Yes it makes sense assuming you dont require access to the cash funds.

You could always do say 100K interest only with 100K in the offset and a secondary loan split for the rest.

In saying that CBA would have to be one of the least attractive lender for such a strategy.

We do a lot of debt recycling for clients and would never use CBA…[Read more]

]]> 6d5433e8a35dd6193f5510f17a97cb63 Richard Taylor replied to the topic Interest only loan with offset account in the forum Finance https://www.propertyinvesting.com/topic/5076328-interest-only-loan-with-offset-account/#post-5076330 Sun, 01 Aug 2021 05:26:40 +0000 Hi Wan0151

I think what your Bank should have said is “We dont offer such a product”

Yes IO with offset account definitely exists and we do a number of deals each week for other investors.

Sounds to me like you a good broker to restructure the deal for you.

Cheers

Yours in Finance

]]> 6babb71756994e67a2fa9848f5085b20 Richard Taylor replied to the topic Switching ip to interest only assessment in the forum Finance https://www.propertyinvesting.com/topic/5071931-switching-ip-to-interest-only-assessment/#post-5072879 Sat, 12 Jun 2021 01:01:32 +0000 Hi Dandare

I am sorry i dont agree that their is any can of worms to open up.

David has replied to your post so why not hit him up and get him to run some servicing numbers for you with both your current lender and others.

A better deal could be round the corner and your existing lender is not going to shout out and tell you.

Cheers

 

Yours…[Read more]

]]> 25ce5551f4268491283ad0f29dd7e0f9 Richard Taylor replied to the topic Land purchase in the forum Finance https://www.propertyinvesting.com/topic/5046629-land-purchase/#post-5072362 Wed, 02 Jun 2021 02:55:03 +0000 Hi TPD

Ok noted and understood. Not sure you will find any JV partner to come on board with that little skin in the game.

We do a lot of JV deals as investors but far too skinny for us.

Good luck. I am assuming there are reasons why you dont do the deal yourself with development style funding.

Cheers

 

Yours in Finance

]]> 71f9b24e75db8082e5e59eba4ad43e75 Richard Taylor replied to the topic Land purchase in the forum Finance https://www.propertyinvesting.com/topic/5046629-land-purchase/#post-5072359 Wed, 02 Jun 2021 02:04:25 +0000 Hi Tinpot

So to clarify you have the costs to acquire the site (stamp duty etc) and cover the subdivision costs but require 90% of the purchase price ?

What other security are you offering i.e 2RM on your own property etc.

Cheers

 

Yours in Finance

]]> 93ae47136b8ee48cc35757a5670daeee Richard Taylor replied to the topic Buyers agent for development property in the forum Help Needed! https://www.propertyinvesting.com/topic/5072328-buyers-agent-for-development-property/#post-5072354 Tue, 01 Jun 2021 03:15:26 +0000 I am selling a waterfront site for 3 x 3 storey townhouses at Paradise Point on the GC as i have too many other projects closer to hand.

If it is something you are interested in prior to formally listing it next week let me know.

Cheers

Yours in Finance

]]> 092cb50df62eb8dda0f4417fde054e69 Richard Taylor replied to the topic How to Get Verified Business Loans In Australia in the forum Finance https://www.propertyinvesting.com/topic/5072275-how-to-get-verified-business-loans-in-australia/#post-5072285 Fri, 28 May 2021 09:47:33 +0000 If it is all the same i would prefer to deal with a Licensed Private lender with full AFCA membership rather than a broker.

Cheers

 

Yours in Finance

]]> 149f4184cd02b80fc9bf10daf8e35603 Richard Taylor replied to the topic How to get Trusted Loans In Australia in the forum Finance https://www.propertyinvesting.com/topic/5072274-how-to-get-trusted-loans-in-australia/#post-5072283 Fri, 28 May 2021 09:46:03 +0000 If it is all the same i would prefer to deal with a Licensed Private lender with full AFCA membership rather than a broker.

Cheers

 

Yours in Finance

]]> 12b8511945a833e1f708b61acd5e8294 Richard Taylor replied to the topic How to Get Reliable Caveats Loans In Australia in the forum Finance https://www.propertyinvesting.com/topic/5072276-how-to-get-reliable-caveats-loans-in-australia/#post-5072281 Fri, 28 May 2021 09:45:21 +0000 If it is all the same i would prefer to deal with a Licensed Private lender with full AFCA membership rather than a broker.

Cheers

 

Yours in Finance

]]> 0d4a39bf7c07e236d8180af83616ef0b Richard Taylor replied to the topic How to Apply Professional 2nd-Mortgage Loans In Australia in the forum Finance https://www.propertyinvesting.com/topic/5072277-how-to-apply-professional-2nd-mortgage-loans-in-australia/#post-5072280 Fri, 28 May 2021 09:44:36 +0000 If it is all the same i would prefer to deal with a Licensed Private lender with full AFCA membership rather than a broker.

Cheers

 

Yours in Finance

]]> 131f33354be3f0dea270a69a297f8141 Richard Taylor replied to the topic How To Apply Trusted Short Term Loans In Australia in the forum Finance https://www.propertyinvesting.com/topic/5072278-how-to-apply-trusted-short-term-loans-in-australia/#post-5072279 Fri, 28 May 2021 09:43:20 +0000 If it is all the same i would prefer to deal with a Licensed Private lender with full AFCA membership rather than a broker.

Cheers

 

Yours in Finance

 

]]> db64ca6a6cde89f89d7e737fd41909f3 Richard Taylor replied to the topic Changing lenders in the forum Finance https://www.propertyinvesting.com/topic/5072200-changing-lenders/#post-5072212 Tue, 25 May 2021 10:15:33 +0000 No not true on that combined income.

Cheers

 

Yours in Finance

]]> 88fd2b3cd3f85a6957dee7a8a5286a8f Richard Taylor replied to the topic Changing lenders in the forum Finance https://www.propertyinvesting.com/topic/5072200-changing-lenders/#post-5072202 Mon, 24 May 2021 11:03:20 +0000 Hi Wan

I think you are confused as there is very little difference between lenders when it comes to servicing post Royal Commission.

Credit Unions and Building Societies are often more restrictive than more traditional lenders.

You are better off get the loan structure set up correctly from day 1 to give you flexibility down the…[Read more]

]]> 9ec78ba0d59676b92b2974ce7b84a153 Richard Taylor replied to the topic 85% LVR SMSF in the forum Finance https://www.propertyinvesting.com/topic/5055144-85-lvr-smsf/#post-5072123 Sun, 16 May 2021 21:55:06 +0000 Hi Quyen

Yes sure is.

Flick me an email at loan@ascf.com.au with some details and i can have one of our BDM’s come back to you with some specs of the product.

Cheers

 

Yours in Finance

]]> 1b979db804953ae9ad956f057336ec00 Richard Taylor replied to the topic Sheriff sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5072071-sheriff-sales/#post-5072118 Sat, 15 May 2021 04:04:49 +0000 This is incorrect. All properties are sold either via Auction or Private Treaty.

Cheers

Yours in Finance

]]> 4e72257ef46ad3e0b3459f298044eebc Richard Taylor replied to the topic Cash buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/5072069-cash-buyer/#post-5072085 Tue, 11 May 2021 02:10:32 +0000 As i mentioned you will need to look regularly at the various Receivers website.

Cheers

Yours in Finance

]]> 541edd63893b2152721f574b9cf1b3e6 Richard Taylor replied to the topic Cash buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/5072069-cash-buyer/#post-5072077 Mon, 10 May 2021 11:37:00 +0000 Not sure where you are looking for Receiver sales, We took one to Auction last week in Vic. Cor Cordis were appointed and was sold on the day with multiple bidders. Each Receiver has their own listings and most are available listed on their website.

Trust me if you have $2M in cash you are in the mix with many other developers, investors…[Read more]

]]> 4519ab2c0af1647ef214c2419731d934 Richard Taylor replied to the topic Cash buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/5072069-cash-buyer/#post-5072073 Mon, 10 May 2021 10:38:51 +0000 As a Private Lender we sell a number of properties thru Sheriff Auctions or Receivership sales.

All Sales are sold by way of Auction so being a cash buyer wont help you as all contracts at Auction are cash sales.

Rather than buy the property itself you could always look to assign the mortgage and that way you take over the debt and can maximise…[Read more]

]]> 794bd45e7a4cd84564d3b5498c7f1e94 Richard Taylor replied to the topic Development Lending help in the forum Finance https://www.propertyinvesting.com/topic/5071724-development-lending-help/#post-5071767 Thu, 01 Apr 2021 06:40:39 +0000 We are a private lender based in Brisbane and specialise in development funding.

Course lvr, rates etc will depend on a number of factors but i can certainly get one of our BDM’s to touch base with you when you have your first deal scenario.

Cheers

 

Yours in Finance

]]> 75800dde662a4b8d8b9e932054d79695 Richard Taylor replied to the topic Buying with super in the forum Help Needed! https://www.propertyinvesting.com/topic/5070170-buying-with-super/#post-5071369 Tue, 23 Mar 2021 07:28:18 +0000 Could always look at a SMSF Rent to buy option if you dont have enough to put down 30% deposit and Security Trustee costs etc

Be surprised how many of these we are now doing where the SMSF has limited servicing from the members income (i.e self employed etc) or security location not sufficient.

Cheers

 

Yours in Finance

]]> 7431e37938deed5614b4b89dc2f1ad64 Richard Taylor replied to the topic 15% P.A Investment Opportunity Melbourne in the forum Creative Investing https://www.propertyinvesting.com/topic/5069822-15-p-a-investment-opportunity-melbourne/#post-5071368 Tue, 23 Mar 2021 07:16:10 +0000 Your hold an AFSL i assume ?

Can you give me the number.

Cheers

 

Yours in Finance

]]> e3f89517f9d1ea0d8ec841890bf2b37f Richard Taylor replied to the topic SMSF Broker in the forum Finance https://www.propertyinvesting.com/topic/5071333-smsf-broker/#post-5071367 Tue, 23 Mar 2021 06:55:31 +0000 As Terry mentioned sounds like a fairly straightforward deal depending on a few things.

Currently rates in the high 4’s out there with lvr’s to 80% so has become competitive again with a few lenders.

Cheers

 

Yours in Finance

 

 

]]> 7e68858f3bf04d014afae7aa9bde4a1c Richard Taylor replied to the topic 85% LVR SMSF in the forum Finance https://www.propertyinvesting.com/topic/5055144-85-lvr-smsf/#post-5069924 Tue, 05 Jan 2021 08:01:22 +0000 Wouldnt work for renovations but we do a lot of these deals for borrowers where they can’t show servicing as it is done on a Rent to Buy basis (or Lease Option).

Cheers

 

Yours in Finance

]]> 2321d4db2368e934035000ae0232f89d Richard Taylor replied to the topic 85% LVR SMSF in the forum Finance https://www.propertyinvesting.com/topic/5055144-85-lvr-smsf/#post-5069868 Sat, 02 Jan 2021 12:54:39 +0000 Regretfully not.

Qld, NSW, ACT only due to demand.

Cheers

Yours in Finance

]]> fb7edf11e48bc9a647bad8e4e02afcf1 Richard Taylor replied to the topic Introduction in the forum Help Needed! https://www.propertyinvesting.com/topic/5068981-introduction-9/#post-5068983 Tue, 24 Nov 2020 09:11:53 +0000 Welcome aboard John.

Hope you enjoy your time with us.

Cheers

Yours in Finance

]]> db33713ee1863cc55b631c593d363bc7 Richard Taylor replied to the topic What to do with $450K in the forum Help Needed! https://www.propertyinvesting.com/topic/5068906-what-to-do-with-450k/#post-5068956 Wed, 18 Nov 2020 21:17:32 +0000 Of course with every investment you need to ensure the firm you are dealing with are fully licensed.

With a retail mortgage fund like http://www.ascf.com.au you get exposure to a pooled mortgage fund which is ASIC regulated and approved and has a fully Retail AFSL, ACL and insured. Also members of AFCA.

Many Wholesale Funds do not carry the same…[Read more]

]]> b3effee4568fbda50348ed115a51acbd Richard Taylor replied to the topic My first property in the forum Help Needed! https://www.propertyinvesting.com/topic/5068909-my-first-property-3/#post-5068921 Tue, 10 Nov 2020 00:52:43 +0000 No problems.

Cheers

 

Yours in Finance

]]> 124a16881f7e4ef229f6b18c6e59d516 Richard Taylor replied to the topic What to do with $450K in the forum Help Needed! https://www.propertyinvesting.com/topic/5068906-what-to-do-with-450k/#post-5068917 Mon, 09 Nov 2020 09:14:44 +0000 Hi Jonathan

One thing to bear in mind is that even being a low rate tax payer interest on your PPOR is not Tax deductible whereas if you use the money for investment the interest becomes deductible.

If you are also a First home buyer there are a number of Grants and discounts (stamp duty) available so maybe worth considering this route…[Read more]

]]> 5ef2639956bc27fe0e0c35b771d62a89 Richard Taylor replied to the topic My first property in the forum Help Needed! https://www.propertyinvesting.com/topic/5068909-my-first-property-3/#post-5068916 Mon, 09 Nov 2020 09:07:21 +0000 Hi there

Welcome aboard the forum and hope you enjoy time with us.

I have given a number of interviews to the API magazine about how i started and built my property portfolio.

Feel free to shoot me an email and I would be happy to send you the article.

Cheers

 

Yours in Finance

]]> 6938be599d420766f489cd62c8973a54 Richard Taylor replied to the topic My first property in the forum Help Needed! https://www.propertyinvesting.com/topic/5068909-my-first-property-3/#post-5068916 Mon, 09 Nov 2020 09:07:21 +0000 Hi there

Welcome aboard the forum and hope you enjoy time with us.

I have given a number of interviews to the API magazine about how i started and built my property portfolio.

Feel free to shoot me an email and I would be happy to sned you the article.

Cheers

 

Yours in Finance

]]> 7c4ebb731411886f98016e717fc0f55b Richard Taylor replied to the topic Pre Foreclosures list in Australia in the forum Help Needed! https://www.propertyinvesting.com/topic/5068843-pre-foreclosures-list-in-australia/#post-5068886 Tue, 03 Nov 2020 05:49:36 +0000 Nope not available.

Cheers

 

Yours in Finance

]]> bbad680176ece956a00fbc7d439ec398 Richard Taylor replied to the topic Buying non mortgeable/habitable/forced sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5068857-buying-non-mortgeablehabitableforced-sales/#post-5068885 Tue, 03 Nov 2020 05:48:37 +0000 We unfortunately sell a fair few properties which we have taken possession of as mortgagee thru my Retail Mortgage Fund.

Have to say as a mortgagee we are required to obtain a fair market valuation / real estate assessments and then go from there.

Sure we do have a number of properties that we sell below valuation as long as the debt is covered…[Read more]

]]> 4110ce1adf3ae37c93c6a40b16911667 Richard Taylor replied to the topic Family seeking Rent to Buy investor for home in Perth in the forum Creative Investing https://www.propertyinvesting.com/topic/5068866-family-seeking-rent-to-buy-investor-for-home-in-perth/#post-5068878 Sat, 31 Oct 2020 12:20:37 +0000 Without a deposit wouldn tbe something we could assist with and unless you find someone who is looking to sell and existing house i think you will struggle.

I own a Vendor FInance Company and we allow our clients to choose the property and then we buy the property and enter into an Vendor Terms agreement with them however we would always require…[Read more]

]]> 54897a37b21fc6e78019568976924fbc Richard Taylor replied to the topic Acumen Finance - Nathan Daley Commercial Finance in the forum Commercial Property https://www.propertyinvesting.com/topic/5067279-acumen-finance-nathan-daley-commercial-finance/#post-5068746 Thu, 08 Oct 2020 10:39:56 +0000 You may also want to look up what other lenders operate out of the same premises as trust me the address is well known in the industry for housing Private lender that dont have any money.

We run a 350M private lending business with an AFSL and 2 x ACL. Fully audited by GT and ASIC compliant and now on 7 mortgage aggregators panels.

Trust me we…[Read more]

]]> acb43e7d01802d5c0122ad3503b6ebef Richard Taylor replied to the topic Hold on evictions in USA in the forum General Property https://www.propertyinvesting.com/topic/5067738-hold-on-evictions-in-usa/#post-5067742 Fri, 11 Sep 2020 06:59:53 +0000 No issues on obtaining possession on investment properties in Australia as a lender (trust me we have a number of matters going thru).

In SA at the moment taking a little longer to get possession of owner occupied properties and AFCA are becoming more lenient (if you are a member, which we are) but other than that no real difference.

Bankcruptcy…[Read more]

]]> e8da9904a14e95f55ce65ee232968a00 Richard Taylor replied to the topic Construction loan question in the forum Value Adding https://www.propertyinvesting.com/topic/5067412-construction-loan-question-2/#post-5067612 Sat, 05 Sep 2020 00:33:07 +0000 In the main agree with Terry on servicing but number of provisions under NCCP where this is not required even in if buying in a personal name.

Would need a lot more data but on the surface could be done.

Cheers

 

Yours in Finance

]]> 0aa59cbfb34de2e0f1988c99f88d3713 Richard Taylor replied to the topic Conveyancer needed in the forum Help Needed! https://www.propertyinvesting.com/topic/5067348-conveyancer-needed/#post-5067352 Wed, 26 Aug 2020 00:42:14 +0000 It is illegal to offer Vendor Finance now in Victoria outside Rural areas and for properties over 750K so you wont find anyone.

Cheers

Yours in Finance

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