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Alistair, Can you give me your phone number so we can have a chat about it? Thanks!

Alistar, The valuer will be J Dodds and Associates up in Mackay, they seem to be the only credible valuer apart from HTW who can actually get the valuation done on time. We should be able to raise sufficient funds from our private investors to cover the servicing on the loan for the...

Thanks for the response. Zoning on the land is 'Central Business' so what we are applying for is an 'as of right' use. There are actually 4 titles with a house on each title. Ideally we would like to have interest capitalised but even if it is not we are quite ok with that. We are...

Based on my experience, I think perhaps there are 2 things you should look into. The first being structures. If you have 4 properties under your personal name or under a single structure, chances are that the banks will get nervous and not lend you money. If you structure things properly...

Dear Friends, I am in the process of finding suitable finance for a $40M construction loan for a mixed use hotel, commercial and retail building in North QLD. In the first stage, we will require $2.6M to settle the land. Currently there are a few residential dwellings on the land. DA...

I think there are a few ways to go about it. firstly,in one case my bank manager, whom i have a long standing relationship with, agreed to assess one of my deals based solely on my business partners income...so have a chat to a few banks and maybe someone could be willing to do it that way...

Just curious, is there any 90% lo doc without LMI or is RAMS' 85% the highest around with no LMI?

Thanks for the feedbank, I had no idea there were that many mezz funders out there. Is there some kind of directory for them? Google does not actually give out too much when you look for them there. Most of them are brokers too, for instance Global Capital Corp whom i was badly burnt by before...

I was hoping to start a list of mezzanine funders here and hoping the rest of you more experienced people can add to the list 1. Paridian 2. Investec 3. Ray White Invest 4. Ashe Morgan Winthrope 5. Equititrust Once I have a comprehensive list of say a dozen of them, I will call each...

I dont like saying bad things about people but I guess i should share about my experience with members equity bank just so you guys are aware of it. We had a development project that required construction funding and ME was one of the people we contacted. The manager was very positive about...

I have actually done that with NAB where they simply held my property in a term deposit until i bought my next property. The problem is when u buy a more expensive property, then u will have to come up with more cash as they would only lend up to what you have in your term deposit.

Have just been doing some research into financing recently and there are some non-conforming lenders out there that will lend you up to 75% of the final valuation of the project on low or no-doc loans. Naturally the interest rate is higher and so are application fees. Interest rate is...

Thanks for the kind advice and very stimulating insights and discussion! Hope to hear more from you in the future! Cheers, Hernan Crespo

Sunstone, thanks for the pointers and the kind help! looking forward to learning more from you in the future! Thanks, Hernan Crespo

Good points made, those are some of the things i need to think of! Thanks heaps! I thought that was the case with DA's as well but on this one they seem to have a DA without the sub-division (??) according to the agent...will have to look more into it. Actually i was discussing with a...

Sunstone! whoa! my head is throbbing with fresh information after your post! Thanks heaps for the information. I initially bought the house as a residential investment property, so now i am really just looking at what options i can potentially have on this piece of land. Your advice...

Your points and suggestions made are very useful, thanks a whole heap! My idea was to bring in an investor to come up with all the cash for the option and construction. Yes, technically speaking what i am proposing is not a true-blue 'no-money down' deal, i think it would be hard to get any...

Haha...i am definitely a Chelsea fan...yeah pity that calf strain! Yes, i understand what you mean by some over-enthusiatic, over naive people thinking they can make money from real estate by making a few phone calls :) The problem with my portfolio is lots of it is negatively geared after...

Hello, I have purchased a piece of RE with the zoning future industry. It is some 1200m2 in size and has an old house on it. I have been renting the house out for a while. I have done some research and apparently i can build a warehouse on it. But i feel the costs and risk involved in...

Correct me if I am wrong but i think a possible way to reduce the capital gains tax is to use a company entity to do it. This will reduce the tax to 30%. However there is the problem where you need to get a developer's license if you are flipping more than 6 properties per year (maybe this...