finance

  1. laurieload

    Financing termite riddled hell hole

    I am genuinely considering purchasing a termite infested house offered for 150-200k less than what it would go for if it were not riddled with termites. House is deceased estate and has been vacant for 8 years. Damage is moderate in most affected areas with severe yet easily accessible damage...
  2. C

    XColl??

    [SIZE="4"]Hi, What is the general strategy when obtaining a loan if you already have property? Do you borrow say 80% LVR on the new IP? Or do you lump the loan all in together? (is this called XCOLL?) Thanks. Tim.
  3. P

    How to help 65-y-o buy house - innovative ideas

    So here's the deal... My parents are splitting up. They own fully paid off home in a rural area worth maybe $500-550K. Mum also has an inheritance (100K perhaps, but might have to give half to dad), ? super (not much) and access to half of dad's defined benefit super (she would get approx...
  4. E

    Structure + Finance change and implications

    I have just got my Permanent Resident visa and currently in the process of purchasing 1st IP (under my name and partner's name). Would like to know your opinion on some changes on the purchase... Contract hasn't been exchanged, I just need to resign in. The variable here is now the loan as...
  5. T

    Subdivide then build or visa versa? Finance implications

    Hi there, So having finally bought my first property I'm now looking to subdivide and build on the back lot. I am faced with two options and am having a bit of trouble working out the best way to go. (note I am in WA, so i'm not sure if the jargon will differ for other states): Option 1 -...
  6. Y

    Non-bank loan and taxation

    Hello, We are looking to purchase an investment property however, we are planning to get a lone from our family rather than financial institutions. We have made an agreement with our family that they will be receiving approx. 6% interest on the loan. My question is are we going to lose...
  7. BelezaPura

    Financing Granny Flat - chicken and egg

    I've got what I consider a chicken and egg dilemma. I would like to build a granny flat on the block I have in Western Sydney, however I'm struggling to understand what I can do to finance the project. I have an LVR of about 90% on the property. That however includes a line of credit of...
  8. D

    Most people's attitude to finance...

    I came across this description in the interwebs today (UK Guardian money section), and it's just so true.. "...the more powerful driver, though, is a fear of being made a fool. John Lanchester described how most people's attitude to finance, of any sort, is to be confused in anticipation...
  9. J

    Impact Assessable Development Advertising

    Anyone got experience with Impact assessable developments? How much harder are they to get through as opposed to Code Assessable? I understand that a public notice of development (signboard) gets put out the front of the property so that neighbours can see what is being proposed, and have...
  10. D

    Construction finance

    Hi Can anyone offer information on how construction finance works for building units please? I have heard you can borrow 60% of the construction costs (which I assume means you need 40% of the construction cost in equity or cash??) Can you still get compound interest (to pay no interest...
  11. D

    Finance - New Lender?

    Hi there, My fiance and i bought an apartment last October in NSW with the first home owners grant. We lived in it for six months and have recently leased the property as we have relocated overseas. Early next year, we believe we will be in a good position to buy another property with a...
  12. D

    Refinancing after one year

    Hi Somersoft, I just bought a house and looking to settle in a few weeks. I am signing up to the commonwealth bank's introductory guarantee of 6.14% for the first year as it also has a full 100% offset account with the wealth package unlike the fixed rate. I am determined to have an...
  13. J

    Positively geared properties + resistance from ING to OK finance...anyone else?

    Hi all, I tend to be more of a lurker rather than active participant in forums generally, but a recent experience has been a bit unusual, and I'm interested to know if anybody else has had similar issues. We have 6 investment properties, plus a PPOR. All IPs are either neutral or +vely...
  14. S

    Finance for Our Customers who are renovating

    Hi everyone I hope You are well. I produce high quality concrete flooring and I think I am losing potential customers because of the price barriers. We are ranked at the top off the search engines for renovate concrete,restore concrete,polished concrete and all major keyword related to the...
  15. Alex P Keaton

    Did you overextend yourself buying 1st IP - Importance of Buffer

    Anyone regret buying their 1st IP or would want to do things differently? I'm glad I bought my 1st IP back in 2009 but if I had my time over again I would do things differently. I realise now how important savings are and having a buffer is!! I wouldn't have taken $10 K of my own cash to fund...
  16. AdRock

    Measuring up a double story apartment for finance

    Hi everyone. I've found an interesting 2 storey 1BR apartment, with courtyard and lock-up garage. However, after measuring it all up, I'm still a little unsure as to whether it hits the 50m2 mark necessary for finance. What I'm unsure about is what to include in my measurements to make sure...
  17. brendio

    Bank finance loosening?

    This is a cross post from my development thread that might get more visibility here to stimulate discussion. I got a call today from someone at a bank saying they saw our for sale sign and asking did we want to talk to someone about finance for the development or any other developments we may...
  18. V

    Deposit Bond

    Hi, I am looking to buy property OTP with 10% deposit. My funds are sitting in my stock portfolio, and somehow, I don't think that it is not really the good time to liquidate them. Beside that I don't have any (property) equity or savings, Sunset Clause mention 18 months in the contract...
  19. J

    Deposit down on OTP property - difficulty obtaining finance. Options?

    Hi all, Back in late 2009 I put a 10% deposit of $37k for an off-the-plan purchase of a $370k 1 bedroom apartment in Hamilton, Brisbane. The apartment was intended to be an IP and rented out once built to assist with loan repayments. Since 2009 my financial situation has drastically...
  20. redwing

    Top 30 Threads - Welcome

    Hi ALL Had some time to kill whilst fighting off a cold the last few nights; couldn’t sleep properly and Home Shopping shows at 1AM just aren’t that interesting. On the bright side Victoria Principal and Cindy Crawford look great for their age and I've learnt that sheer something or other...
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