Recent content by Cozzie

Thanks Richard for the reply, I do have 400k in shares of which I would use some for the deposit.Also a rural property worth 330k with a 232k loan. Cozzie

Salary 280k,same job 22 years,5% savings history (shares),Last credit enquiry Dec 09 (car loan ,didn't proceed),crra clean,married with 3 dependants,renting since Mar 09 @ $725 week (excellent rent history),other assets (not much property though, mainly shares) Rolf, do you think it's a...

I notice that comparing Genworth to QBE as far as the max loan on a 90% lend, on the same postcode, QBE comes up with a larger lend.For example, at Kingscliff, Genworth will only insure up to $850,000 where as QBE will do $1,000,000. I'm looking at a $950,000 loan based on 90%, so I was curious...

Hi Mike, I should of added that my loan is a commercial loan.The info in red that I posted is a cut and paste from an email from a StGeorge business banking guy, who said he specialised in these loans.I would love to go with StGeorge but the servicing requirement of being able to repay the...

Hi guys, I know this has been covered before, but not for a while now. I want to steer clear of the debates we have had in the past regarding personal guarantees etc and just discuss what's out there lately for smsf"s. I thought maybe we could share some experiences, since some of these...

Hi Jsj Yes, most of the big banks have products for smsf lending.If you search this forum with smsf you'll see it's been discussed already. It is an added bonus as mentioned that you can salary sacrifice into the fund to assist in particular properties that show potential for great growth...

Thanks for your input BV, The reason is that I'm trying to accrue cash to buy more properties.The agenda is to try and grow the portfolio every couple of years(through cash only deposits) as soon as possible while interest rates stay low Cozzie

I have been looking at this idea of managing my own super through property now for a couple of months now and the overriding problem that kept popping up was that you can't cross collateralise. In other words it's against the super laws to use the increased equity that may grow on a property to...

Thanks Raddles, Yeah, I own the freehold and the company I am going to lease it to is my old business that I have just sold to my ex business partner.I have said he can lease the commercial property from me,but I am not convinced that he is not going to screw the company and end up defaulting...

Has anyone been involved in putting a charge over a business which rents a commercial property from you. Col

G'day everyone, Iv'e just joined this forum,what a wonderful tool. I've decided to set up my own smsf and am looking at purchasing the commercial industrial premises from my landlord.Iv'e spoken to NAB and their rate is 10.83% but the loan term is 15 years P/I only.I'm looking for a slightly...