澳洲Australia property Borrowing to purchase a business | Sydney


在澳大利亚 Hi everyone, After months of searching for my first IP I believe finally have the corage to put in my first offer. I would love some feedback Property: Duplex Asking price: $239,000 I believe it is worth $225,000 to $230,000 My Offer: $218,0 I am in Melbourne. Would like to buy properties interstate. How difficult is that to manage these properties. Any advise. 评论 Do you mean manage to find them or manage as in property manager? 评论 Manage to find a good property manager 评


Hi All
I would like to know how your borrowing capacity is assessed when you want to purchase a business.
A bit of an overview about how this all works in todays lending climate would be apreciated
and yes l do know each application would be calculated on its own merrit but as l said a bit of an overview

cheers  

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Hiya

Snapshot

Unless you have some form of security, being resi, commercialor a charge over a mainstream franchise with a good lease,its tough, but not impossible.

Peak LVR would be 65 to 70 for a mainstream fra, but budget on 50 for most things

ta
rolf  

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I have been trying to borrow against my business (rent roll) for some time. High value but considered "good will" by banks because we grew it organically instead of buying it.

any insights Rolf?  

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Thanks for the response Rolf.
I am looking at freehold, going concern, however not much on the books as its just been refurb and re marketed,

so does the same apply?
cheers  

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freehold what ?

ta
rolf  

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Motel and home on 1 title  

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Much will depend on ypur external serviceability to prop it up then.

Possible lvrs from zip to maybe 70 ish depending on buyer and locn

ta
rolf  

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Motels as a business would be risky. Tourism seems to debb and flow.

I would look at starting my own business, maybe free lance consulting. Then claim deductions if i work from home.

I really want to know how i can claim a new car as a tax deduction! Maybe use it for work etc, years off but always would be good! :rolleyes:  

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Xenia said: ↑
I have been trying to borrow against my business (rent roll) for some time. High value but considered "good will" by banks because we grew it organically instead of buying it.

any insights Rolf?Click to expand...
Xenia

Rent roll lenders tend to lend only for the purchase of larger rent rolls (larger businesses with at least 300 properties under management) with max gearing any where from between 40% - 60% or less of the independent valuation done on a going concern basis.

Equity release is sometimes difficult particularly for smaller number of properties under management.

Some also want additional bricks and mortar as top up security.  

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