Search results

  1. M

    A tricky one for all ..............

    Reply: 3.1.1.1.1 From: Michael Croft Hi Sergey, From memory a superfund/trust can't borrow to invest, but I'll check it out as there may be a variation on that theme or a way around the issue. Thanks, Michael Croft "The best parachute folders are those who jump themselves."
  2. M

    A tricky one for all ..............

    Reply: 3.1.1 From: Michael Croft Thanks all, Subdivision is a good idea but not possible as there is a minimum area set by council, a formula which involves amalgamation, averaging and other stuff. The minimum sub divisional area is 200 acres. It would appear that 80% is possible under...
  3. M

    A tricky one for all ..............

    Reply: 2.1.1.1 From: Michael Croft Thanks Guys, I tried vendor finance first up but it was a no go at 7%, even a 50 % second mortgage wasn't tempting, so I gave up on that idea. May go down the rural producer path at a later date for the tax breaks. I'll also check out the rural sites and...
  4. M

    A tricky one for all ..............

    From: Michael Croft OK, so I want to buy a rural (1a) property in NSW 200 acres (80 ha) 20 minutes from a CBD. Cost $500k and has house and sheds. Now without x-coll and using a prime lender (6% rate or lower)can you do it on 90% LVR? How about 80% LVR? Serviceability will not be an issue...
Back
Top