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Hi Andrew, Look into selling it creatively - have you heard of vendor finance? In the case of the Mackay property, you can try to find a buyer (whom is low on deposit, just changed jobs, etc) wanting to break into the property market and willing to offer somewhere close to $485k. Set...

Hi All, If a person purchased an OTP apartment and intended to live in it as the PPOR (upon settlement), but instead decided to resell it (because he found a better property) and made $100k on the upside, would CGT apply? Thank you.

Generator and oxygen tank - means always being prepared and most importantly creative.

I am the fire ;)

Hi All, Are banks putting in LVR caps for residential properties anytime soon (both new settlements and refi)? Nervous:( Thank you.

Thanks for the links. Yes, it is in regards to inheritance - I never realised everything in Hong Kong is in English!!

Hi All, Does anyone know if Hong Kong has the equivalent of a "caveat" in order to claim/protect an interest in land? I'm finding it difficult to find such material online as I can't speak nor read Chinese :( Thank you.

Hi Erin, There are private lenders out there providing "secured" loans via "caveats" - which bypasses the hassles of Deed of Priority, mortgage registration, etc. As most of these private lenders will only lend to businesses (e.g. companies, sole traders, etc) because they choose not to be...

Hi Terry, besides refinancing the entire loan, what is the simplest workaround to get the relevant deductions back in the clients' personal name? (i.e. putting a loan agreement between the trust & person?) :confused:

I only know CBA does. Any tips/hints on the others? :)

Because many banks are not willing to accept the structure whereby the title is in the corporate trustee's name while the loan is in the unit holder's name.

To reap the benefits of negative gearing!

Hi All, What is the most effective way to move a property (mortgaged by a bank) from a fixed unit trust to the director of the corporate trustee (whom is also the sole beneficiary)? What costs are involved? Thank you.

What transactional overheads are there when buying in Korea? (i.e. stamp duty? LMI? etc)

If I am a landlord and the tenant has placed a "seipja" in the land titles office on my apartment, will I be able to get any sort of mortgage on the property?

Nattl3s, the tenant basically "lends" that $65k deposit to the landlord, however in return the landlord let's the tenant live rent-free for 2 x years. At the end of the 2 years, if the tenant decides to move, the landlord is obliged to return the $65k in full. Otherwise, a renewal will...

Meisterin, seems like getting the alien registration number is probably the easier side of things. Which area is your $100k property located? Also, where can I find such deals? Are there any English websites which lists these?

Hi All, Any non-Koreans here have experience in obtaining a residential mortgage in South Korea? I can't seem to find anyone who has knowledge of this area! (Note: In Korea, tenants can pay landlords a lump-sum deposit equivalent to up to 80% of the value of your property:eek:. However, in...

What if the increase is going to a different lender but that lender uses the same mortgage insurer as the prior lender?

Hi All, If I paid LMI on a 90% LVR borrowing, but the property increased in value by 10% (and thus at 80% LVR now) within a year, would the bank/mortgage insurers refund all or part of the LMI to me? Thank you :)