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manolo76

  • manolo76 replied to the topic Do I use Savings or Equity? in the forum Finance 8 years, 5 months ago

    Thank Johnny K. Yes it does make sense and i understand the principle behind. I just find difficult to clearly visualised the advantages of it. I like to see everything in a number and paper. Thanks to everyone for the comments.

    The conclusion is that:
    1) I am going to refinance the property 1: First. I am going to have one loan attached with an…[Read more]

  • manolo76 replied to the topic Do I use Savings or Equity? in the forum Finance 8 years, 5 months ago

    Imb

  • manolo76 replied to the topic Do I use Savings or Equity? in the forum Finance 8 years, 5 months ago

    Thank Jamie for your advice

    Juan

  • manolo76 replied to the topic Do I use Savings or Equity? in the forum Finance 8 years, 5 months ago

    Thanks Richard, Terry and Jamie. Awesome comments.
    So taking in consideration all your contributions, let see the scenario:
    1) Although the property is going to be IP for one year, still i should use the equity froom property 1 to purchase property 2
    2) In order to use the equity of property 1 we should consider to take a different loan for the…[Read more]

  • manolo76 replied to the topic Do I use Savings or Equity? in the forum Finance 8 years, 5 months ago

    Thanks Richard, Terry and Jamie. Awesome comments.
    So taking in consideration all your contributions, let see the scenario:
    1) Although the property is going to be IP for one year, still i should use the equity froom property 1 to purchase property 2
    2) In order to use the equity of property 1 we should consider to take a different loan for the…[Read more]

  • manolo76 replied to the topic Do I use Savings or Equity? in the forum Finance 8 years, 5 months ago

    Thanks Richard, Terry and Jamie. Awesome comments.
    So taking in consideration all your contributions, let see the scenario:
    1) Although the property is going to be IP for one year, still i should use the equity froom property 1 to purchase property 2
    2) In order to use the equity of property 1 we should consider to take a different loan for the…[Read more]

  • manolo76 replied to the topic Do I use Savings or Equity? in the forum Finance 8 years, 5 months ago

    Thanks Richard, Terry and Jamie. Awesome comments.
    So taking in consideration all your contributions, let see the scenario:
    1) Although the property is going to be IP for one year, still i should use the equity froom property 1 to purchase property 2
    2) In order to use the equity of property 1 we should consider to take a different loan for the…[Read more]

  • manolo76 replied to the topic Do I use Savings or Equity? in the forum Finance 8 years, 5 months ago

    Thanks Richard, Terry and Jamie. Awesome comments.
    So taking in consideration all your contributions, let see the scenario:
    1) Although the property is going to be IP for one year, still i should use the equity or property 1.
    2) In order to use the equity of property 1 we should consider to take a different loan for the amount of the equity. This…[Read more]

  • manolo76 replied to the topic Do I use Savings or Equity? in the forum Finance 8 years, 5 months ago

    Thanks Richard.
    I have seek advice in relation to the structure and i given my situation i am going to purchase the property in my partner and my name. I already have advised the bank that i may use the equity in the property 1.
    I regards to you comment to have a separate equity loan. I may not have that completely clear. Do you think that having…[Read more]

  • manolo76 started the topic Do I use Savings or Equity? in the forum Finance 8 years, 5 months ago

    Hi everyone:
    I am currently organising to purchase a property 2. I am at the moment living in property 1 and plan to stay there for next the 12 month and keep property 2 as an investment for 12 months as well. The plan is after 12 month to move into property 2 and live there long term and leave property 1 as IP.
    Currently i am facing the question…[Read more]

  • manolo76 replied to the topic Buying a property without finance pre-approval in the forum Help Needed! 8 years, 6 months ago

    Thank you all

  • manolo76 started the topic Buying a property without finance pre-approval in the forum Help Needed! 8 years, 6 months ago

    Hi Everyone i thought to get some help from this knowledgeable forum.
    I just have a look at a property that i am interested in. My financial situation is ok, however i have not done the pre-approval with the lender yet as this was quite unexpected. I was wondering if there is any way to do this buying time until this week to get the mortgage…[Read more]

  • manolo76 replied to the topic How do we move forward? in the forum Finance 10 years, 3 months ago

    Thank Terry.
    I was referring to the property.  I will think about it

  • manolo76 replied to the topic How do we move forward? in the forum Finance 10 years, 3 months ago

    Hi Terry. Thanks. I will dig a little bit more in depth after your comments.
    In regard to the land tax… we are in NSW.
    By the way what is the current situation with non working children as beneficiaries of a trust

  • manolo76 replied to the topic How do we move forward? in the forum Finance 10 years, 3 months ago

    Hi Terry. Thanks again. Probably i have to work in this matter. In order to follow your comments i have consider a few option along the next lines and i will try to clarify some unclear points.

    The current property (IP1) is in my wife's name is in NSW.

    Terry:"If the company is buying the property in its own right then the tax on the income will…[Read more]

  • manolo76 replied to the topic How do we move forward? in the forum Finance 10 years, 3 months ago

    Hi Terry, Catalyst, Benny and Richard
    Your comments have been extremely  valuable to us… thanks. Now i have more questions. I feel i need to take a good look at the value in having the trust and the company. 
    I have to say that my accountant tried to fit our needs and two years ago, i feel i had stronger knowledge over this issues back then. I…[Read more]

  • manolo76 replied to the topic How do we move forward? in the forum Finance 10 years, 3 months ago

    HI Richard and Benny. Thanks for the feedback and suggestions. Makes more sense 
    Richards in regard to LMI suggestions, if this refer to loan mortgage insurance, I have been advice by my broker that given my partner and I are veterinarians, we are entitle to 90% loan without LMI. We still are in favour of 80% loans for PPOR and we will consider…[Read more]

manolo76

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