Recent content by Qlds007

I have just sold one of my many units blocks being 18 units inline in Brisbane. Not that i had a mortgage on the property but Anz Commercial fund all of our deals at resi rates. For your standard mum & dad investor looking at a buy and hold SGB or CBA are your lenders of choice as Shahin...

You could always look at a Nodoc short term loan. Wont be cheap but if it solves the problem and is only for a matter of months then maybe a solution to the problem. Must admit since the tightening of lending criteria a few weeks back we are seeing an increased demand for such product...

There is no issue in the SMSF purchasing the property done a number of them in fact my own Super fund owns a block. As has been said you wont be able to consider strata titling them until the LRB has been repaid. Cheers

You get what you pay for to a certain extent. Save yourself the headache and use Darryl and his firm Certus Legal. Cheers

Your friend might want to get in quick. NAB withdrew from the SMSF scene during the week so that makes 2 out of the 4 majors not offering a SMSF product. Makes you wonder if the Banks have closer links to the Govt and are aware of the pending change in SMSF legislation. Cheers

And probably 5 weeks required whilst the lose the application and then get you to resubmit it 3 separate times. Cheers

Sorry last time i checked paying someone in cash was not illegal at all. If the contractor provides you with a Tax invoice and then decides not to show your payment as a income when he lodges his Tax return that is not your issue. Tax avoidance is a criminal offence however paying someone...

I own 3 separate Private lending companies and i have to say the article is full of inaccuracies (what a surprise). We only lend against residential / commercial security by way of a caveat / 1/2RM and yes we can enforce default, sell the property as mortgagee in possession and even assign...

If you have the site and it is Brisbane based and are looking for someone to build it and finance the development we might be able to help. We are starting to do more and more deals this way. We both make money and we dont have to spend time looking for the site. Cheers

Ok Rochester in Kent. Mine are in Bournemouth and in case anyone missed it ....We were promoted to the Premier League last Monday whooooooo. Cheers

Was up in Toowoomba last week and agree with Jameso assessment of the better areas. Also like East Toowoomba which has the Grammar school and borders Redwood Park. Most properties here are established though and not many H & L. Cheers

There are myriad of finance options available to you with that amount of equity. You should be able to shave the Mac Bank rate by 20-25bps and the others by considerably more. Which part of the UK is your IP located ? Cheers

If these are long term holds and rented i wouldn't have thought an 80% full doc deal was out of the question at a sensible rate. Cheers

In Qld it will always go to the next business day so in this case the Monday. Cheers

Talk about 'Responsible lending' under NCCP what a joke NAB. And they say we brokers submit misleading applications. Some of the actions taken by Banker these days is a disgrace and it is good to see the book being thrown at those that carry out such lending practices. Cheers