Regards
Alistair

If you can send me some details of what you are after I should be able to let you know pretty quickly if something can be done in this timeframe. In particular I would need the purchase price, the LVR that you need, location and the proposed ownership structure.

Regards
Alistair

It’s certainly worth getting a second opinion, but at some stage all residential property investors hit a funding wall. This doesn’t mean you have to stop investing, you may have to change your strategy though. A lot of successful investors end up moving to development or commercial property as an example.

Regards

Regards

I haven’t looked at a scenario like this for a while so I’d have to refer the question to one of my brokers who is at the coalface. While I am sure you can fund a deal like this still, there are a few issues you may come up against. Most lenders don’t like the idea of you not putting in any money and some won’t agree to the vendor…[Read more]

I wouldn’t be too concerned about having the properties in personal names, most people start out this way. It would be worthwhile making a full appraisal of your structure and work out a strategy for future purchases and also what to do with any money crystalized from the sale of any of the exiting properties. All investors…[Read more]

At the moment I have a white labelled home loan product priced at 3.99% variable, interest only or p&i, it has an offset account or can be structured as a LOC or a combination with no change to the rate. I also have a team of experienced brokers who have access to a wide range of other products, as no one loan is going to be most…[Read more]

I would encourage you to look at what you need the most. That is, if you already have an income but not a lot of capital behind you, then you should really look at improving your capital position as a first point of call. A more active strategy such as renovating, revaluing and accessing the manufactured equity for further…[Read more]

I have worked with Steve on some of his personal investments on and off for a number of years. I certainly wasn’t the only person he dealt with over this time, but we have had a business relationship for a long time. I sold my old business last year and am now working out of Steve’s office, assisting him in creating a range of products…[Read more]

Regards

Nobody has a crystal ball. You seem to have thought through your options pretty thoroughly so you should be happy that whatever decision you ultimately make, it has been an informed one. Only the future will tell if your decision is the best one or not.

Regards

Regards

Your current lender would be determining your accessible equity using the valuation they have on file, which may or may not be old, depending on when the loan was set up. If it was a while ago, you may have more, the same or less equity available, depending on the market you are in. It would be well worth your while engaging a…[Read more]

It doesn’t make a lot of sense to make a decision based on what has already happened, if anything it should be easier to decide to sell at a loss as you receive a future tax benefit rather than a liability if sold at a profit. I strongly suggest that you make a decision as to what the future holds for the area and how holding the…[Read more]

The only answer you will get to that question is in hind sight. Sometimes units perform better, other times houses, depending on the time frame you are looking at and the demographics of the market. In the very long term land does not lose value while buildings degrade, which would suggest something with land content should be a better…[Read more]

Where do you want to live ultimately? If it is in Sydney then buying an investment property there makes sense as it means that any further strong growth in that market will benefit you, whereas if you are not in the market it may be significantly more difficult to enter in the future. Conversely if the market does not grow strongly, or…[Read more]

One thing to look out for when making an application for the cash out portion. There are many lenders who will flat out not lend for the purpose of paying a deposit on a commercial property, they consider this a business use and will try and push you into a more expensive business facility. You need to use a lender that will either not…[Read more]

Regards

If you don’t think there will be much growth in the property then its really a no brainer, sell it. Nobody can be certain as to what will happen with property prices, as long as you make an informed decision you should be content that it is the best decision you could have made at the time, whatever happens.

I’ve always thought that…[Read more]

I don’t disagree with your assessment of the world economy, although I don’t believe the US is in very good shape at all. The major difference between now and pre GFC is that a large proportion of the risk lays with Governments and Central banks, most of whom have large debts denominated in their own currencies. Countries that issue…[Read more]

Primarily they can reduce interest rates which would most likely have a positive impact on property prices. A significant drop in property prices would have a dramatic effect on the stability of the banking system, so while they want growth reduced and are actively seeking this through various policies they do not want prices going…[Read more]

When considering high yield properties you must recognize that their prices tend to be very volatile. Mooranbah is perhaps an extreme example of this. This can, of course, work in your favor but it can go both ways. For the most part people who are starting out lack for capital rather than income, if this is the case for you it is probably…[Read more]

When considering high yield properties you must recognize that their prices tend to be very volatile. Mooranbah is perhaps an extreme example of this. This can, of course, work in your favor but it can go both ways. For the most part people who are starting out lack for capital rather than income, if this is the case for you it is probably…[Read more]

I suspect Richard will have this situation sorted for you pretty quickly. Goof luck and make sure you come back and let us all know how you go.

Regards

There is a lot of poor advice given, particularly in the media, with regard to whether interest only or P&I loans are preferable. The fact is that all you are doing by paying down a loan is reducing the options you have with your available cash, and potentially costing yourself money in reduced future tax benefits. In the case…[Read more]

You have issues of both asset protection and servicing to consider when making this sort of decision. As was mentioned earlier it will not necessarily greatly alter your borrowing capacity to have only one of you. Having said this, you really need advice specific to your current situation and goals. Sorry I can’t be of more immediate…[Read more]

While getting cash out against an unencumbered property is more difficult than lending to fund the purchase there are plenty of lenders who will do this for you, particularly if you apply for finance prior or shortly after settlement. The main issue is maintaining the tax deductibility of the loan. When you access the equity, there will…[Read more]

Even if you have a poor credit history, you can still probably borrow given your LVR isn’t too high. You should either supply some further info re your situation on here or contact one of the forum brokers directly for a confidential chat re your situation.

The first thing you nee to realise when you are looking at both designers and town planners is that you are not buying a loaf of bread, these are not commodities and the quality of the work will impact whether you get a permit at all, the time it takes, the cost of building and the end sale price. If you choose by price alone, it will…[Read more]

The first thing you nee to realise when you are looking at both designers and town planners is that you are not buying a loaf of bread, these are not commodities and the quality of the work will impact whether you get a permit at all, the time it takes, the cost of building and the end sale price. If you choose by price alone, it will…[Read more]

A lot depends on what sort of property it is and the actual size of the loan. Being Doctors you can possibly get better terms than people in other professions, but such concessions tend to be easier to get for smaller eg sub $1 mil loan amounts. If you put aside your profession you will be able to get somewhere between 70% and 80% LVR…[Read more]