Search results

In regards to purchasing cost such as legal fees, stamp duty, and all other costs, is it possible that we can include these into the loan just like including LMI?

Heard this many times yet not so sure how it can happen if all the IP is cashflow positive. Is this something that only happen in neg gearing investment? Let's have an average joe and jane scenario where they both earn average income. Can the gurus give me an example please and how to avoid this...

If the loan without offset account, would that matter in getting IO anyway? I mean would the lender understand?

Thanks Marty. That was what I told him, I'd like to convert it to IP in the later stage. Didn't really explain the tax deductible bit though.

I'm pretty sure we can get IO loans for PPOR because I've read many thread regarding this in SS forum. But my friend who happens to be a broker (haven't signed up any loan with him) told me it's impossible. He adamantly claim that we can only proceed with P&I for PPOR because he needs to explain...

Thanks Jamie, That info really shed some light for me

I though I read another thread that mentioned paying interest with LOC is fine as long as we apply for private ruling. Is this correct?

read multiple posts in Somersoft forum. Not only you learn the abbreviations but also the technique. Still not confident? Chat with the brokers available in this forum. Most of them are great source of knowledge :D

As the title says, I'd like to know how you would invest it wisely in property market? Say if you are someone witj average income $60k and suddenly won a lotto or receive massive inheritance or workers comp, etc. Let's not go into buying ferraris or mcmansion house. Just investing and limited to...

So I'm currently purchasing OTP $530k and paid 5% deposit. If say next year the property is completed and the value increases hypothetically $600k, will the bank lend me on the $530k value or the new value $600k? Sorry for the noob question.

Thanks Jess & Redom.

Jess, I don't get that part. What is DUA? I hear this a lot of times in this forum. And could you please elaborate the long term effect? Which lender has DUA and which one doesn't have? Thanks

I've been hearing 100% LVR for purchase by using guarantee loan. However I'm still confuse how this actually works. From what I gather: Use parent's PPOR equity to finance 20% of the purchase. The question is for the actual borrower, do they have to pay 2 loans: The 80% bit on the actual...

I can understand the long term benefit for having a trust structure. Looking at which type of trust to use, it seems that more investors use HDT which is one that is less favorable in lender's eyes. My question for you, great brokers, from your own experience in having multiple IPs, is...

As good as trust structure offers, wouldn't it be more difficult to acquire bank loan if trust is used? I mean not all the banks do trust so this will minimize the option available. What are your thoughts, brokers? Thanks lads

Thats exactly my impression about QLD. :D sorry to generalise, somehow my thoughts about QLD: affordable property prices near CBD which is a big plus but the negatives are many disasters and we heard stories that many agents sold dud properties to interstate buyers. The reason of this...

Thanks Terry, your insight is always top notch! ;) is it normal to use LOC to pay for deposit and cost for purchasing IP?

If Rixter says: Then why Why not paying loan interest and strata fees with LOC? Wouldn't it increase the deductible? isn't it still investment expenses?

Are ipswich and logan a good area? Are they away from flood or cyclone?

First of all, I apologize if this post may offended property owners in QLD. I'm based in Sydney NSW and I hear lots of natural disasters affecting properties in QLD yet I still see many investment opportunities being marketed in QLD due to their cheaper market price. Being green and lack of...