Hi Angad, much appreciated! Totally take your point about the professional advice, I'm actually awaiting some advice from my accountant...
Great post Angad. I'm considering similar structure and based in Queensland. Two questions - 1. Re point 3, do you have a separate entity for...
Hmm I wonder how soon this will start to make a meaningful difference in borrowing capacity. I'm guessing lenders wont make a big fanfare in...
Hey all Was just having a look at a broker site and saw this: " Which lenders can accept 100%? One of our lenders can consider assessing your...
Hi all I had a chat with NAB about development finance for 6 townhouses on a block. Currently is in my own name with an investment loan in my...
Yes you totally mentioned all the issues I've been thinking through :) The plan is to develop it ourselves, so yes...that was one thing I was...
Yes that is a great point, council have ok'd the two dwellings separately rented, but the whole plan hinges on the renovated product being...
Yeah I think that is a good way to think of it, I think one of the confusing things for me is that due to the future knockdown, the renos kind of...
Actually sorry @mikey7 your calculation specifies borrowing the 50k, which seems sensible. I think I'm just getting confused about how to think of...
Ahh yes thanks! How about the opportunity cost on the $40k difference though? Ie say that was deposit on a 200k property compounding at 3%pa (and...
I didn't act on it, was too far outside my comfort zone a year or so post GFC. I feel like I was not very financially literate then either.
Years ago I spent 3k on a financial plan, they told me to sell an apartment and take out a margin loan. It was around 2009 so that actually that...
Hi all Would value opinions on a scenario I'm puzzling through at the moment. A property that we have purchased for around 550k originally to...
Thanks very much Paul, clarifies those matters! I just downloaded the toolkit...as you suggest these seem like murky waters it would be prudent...
Thanks Scott, interesting....this may be a silly question, but who determines the commercial nature of the project? I'm presuming this would have...
Hi all, I'm considering trying my hand at a 3 to 6 townhouse development in Brisbane. Have not developed before but have a couple of contacts on...
what do you mean?
Thanks Jamie, yes I had a contract on a place about a month ago, and then realised I'd be putting most of my money on the one big house...which...
Hi everyone, I'm a beginner at all this, feels like my property IQ has doubled or tripled over the past week or so of browsing the forums :) Like...
I see, but if you were injecting cash into the trust and there was no loan this would be worse for servicing? Is that because the borrowing...
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