Recent content by nmlheja

Hi Mic, Sorry the investment properties value is approx 900K, from which I am expecting to draw 200K (at 90% lend) to pay off LOC (investment use only) against own house; as in the near future needs to upgrade own house by selling it.

Westpac has the widest range: [LIST] They can include it if your a CA/Lawyer/Engineer. Will need to be on an income of 150k+ and working in the industry. Thanks Redom I am in the accounting profession, does bank include rental income for $150 k or it has to be from the accounting...

For me it is a major difference as I need to pull out equity from 900K properties to pay off LOC against own house.

Thanks Rolf. Do you know the interest rate?

Does any one know if there are loan available at 90% lend with no LMI?

I am looking to refinance 3 of my investment properties. Does any one know if there are any loan available at 90 % lend with no LMI?

Thanks, pennyk I strongly agree with your advice as I need to see an Accountant. I will try to find a good accountant and use for couple of years. But sincerly appreciate for all of your Advice and Help for putting me on the right track. Regards, Nmlheja

Many Thanks pennyk & MattR. Sincerly appreciate for your replies. Just another quick question, as this Plate is on Joint Name on Husband & wife; probably thinking go for Family business Partnership and to get ABN. Can I lodge Partnership return myself or do I need to get it done through...

Hi Pennyk, Is it possible to put this under Rental Income Section, because my understanding is as there will be definitely a loss and Losses are carry forward; can't claim in the same year. Where as similar to Rental negatively gearing is claimed in the same year? Regards.

I had purchased a Taxi Plate 6 months back and had not had ABN. Can some one guide me if I need ABN or where do I need to put my Income Expenses from the Taxi Palte - will that be in the Rental Property Section Item 21 or in the Business Section at Item 15. Many Thanks in Advance

Many Thanks Guys, Just came across with 90 % Low Doc with RAMs from the thread on the forum http://www.somersoft.com/forums/showthread.php?t=38446 Lot of information for me, Thanks to everyone including Somersoft Forum as well. Regards, Nmlheja

Hi Qlds007, Thanks for your reply. Yes, I do had ABN for 2 Years and also registered for GST as well. I am trying to get Refinance for Investment Property interest only loan and also need LOC as well. Fixed or Variable rate is not important, trying to find the lowest rate with preferably 90%...

Hi Everyone, New to this forum, but can some recommend the best Low Doc with 80% LVR & with 90% LVR available at the moment. Regards, Nmlheja.