Search results

Heading should read 'Pre approval' Been waiting on Anz now for 2 and a half weeks to give me formal pre approval for my loan. I understand that there is a lot of buying activity at the moment, hence increase in loan requests, but is this a normal timespan for a pre approval? My broker...

Hey guys I generally invest for growth but I've come across a deal that sounds really good. When I crunch the numbers it's positive by 10k per year. Now I'm no casflow positive expert so please correct me if I'm wrong but it sounds too good to be true! I have a few issues if i were to buy this...

Hi guys I'm curious if a parent were to set up a $100,000 line of credit secured against ppor and the draw down the funds by transferring full amount to a child as a gift so he could use for investment property deposit. I assume there would be tax involved? What other consequences could...

Hey guys I'm currently researching 1 bedroom units. Ideally I would like a 2 bedder but my budget only allows for 1 bedders. Ive picked my target suburb and am currently formulating my selection criteria. Just wondering what you guys think is most important when selecting a property...

Hi guys I am currently a sole trader with one business premises. Lets call it 'coffe king' I have just completed my 2012/13 tax return and would like to apply for a loan however I am about to open another store under a different name 'coffee and crumb' and most likely will be changing my...

Hi guys I have 2 properties in my own personal name. Am looking into starting a disc trust and transferring the 2 into the trust. I am looking to protect my assets from anyone who may sue as I work in the food industry , food poisoning etc. I am a sole trader at the moment. 1. Ppor...

Hi guys My wife has been working full time for 6 months in a bakery as a sales assistant. Her employer has her on the books but pays her cash instead of eft. Generally my wife does not bank her pay and uses it for groceries and paying house bills at the post office etc. If I include her...

Hi guys My aim is for capital growth in next 4 years. Just curious what you would do with 400k? Which area offers better CG prospects and why? 1 bed unit in sydney inner west marrickville or 3 bed house in blacktown area? Looking to purchase soon. Thoughts?

Hi guys this topic refers to excess deposit loan funds for ip purchase. I borrowed 90k and have it in an offset account against the same loan. My purchase costs for my IP add up to 65k leaving 25k excess. What can I do with this 25k? Ideally I would like to use it to invest further but do I...

Hi guys My lender won't increase my loan because I have a dependent 3 months old and say I can't service the loan. Haha I have a split loan Loan 1 120k IO with 40k in offset Loan 2 90k IO with 90k in offset (deposit for next IP coming soon) Was trying to increase my loan up to 80% LVR...

So I've decided a buyers agent is best for my situation. I'm at work 13 hours a day, 6 days a week plus 2 hours a day travel time, plus new born baby and wife at home. Things are pretty crazy for me running my cafe and only having little bits and pieces of time through the day to research and...

Hi guys Looking for some opinions for my brother in law. He and I discuss property all the time but we are both amateurs. He's asked me how he can buy more investment properties so I thought I'd put it to the forum. He's 50 and earns 70k per year. PPOR no debt and value is 750k. He has...

I love this forum ...im getting some really good feedback, thanks guys. I was just working on structuring my next purchase. My balance is 120k on my PPOR with 90k in redraw. Property value 320k. Ill be splitting my loan into 2 and using the 90k as deposit on my first IP, purchase price...

Hi guys Long time reader, first post. I'm still learning a lot about investing especially on this wonderful forum. Just trying to educate myself as I have no real mentor. Recently I went through a broker for a loan for IP but have now aborted the process with him. He wanted to refinance my...