PropertyInvesting.com | CentralChoice | Activity https://www.propertyinvesting.com/members/centralchoice/activity/ Activity feed for CentralChoice. Sun, 12 Apr 2026 10:37:03 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c5aa821df12489f3b773f68052d20e1e CentralChoice replied to the topic LOC for deposits question in the forum To add to Richard's https://www.propertyinvesting.com/topic/4395916-loc-for-deposits-question/#post-4602046 Mon, 06 Apr 2009 13:35:19 +0000 To add to Richard's comments, the idea I suppose is that there's nothing to stop you from pulling out all your funds in the LOC tomorrow, in which case you would have a hard debt of $250k which must be taken into account.

]]> 75022c73a81dac1651f84fb4f3e800ab CentralChoice replied to the topic No Deposit Loan in the forum Finance https://www.propertyinvesting.com/topic/4395812-no-deposit-loan-2/#post-4601454 Mon, 30 Mar 2009 15:55:00 +0000 Alan you might want to check your figures a little. It's likely salt has made an assumption of getting $600 per week in rent which provides more income. Similarly, in working out the borrowing power, the new debt would be investment debt, and so salt would have added in negative gearing benefits. which further enhances borrowing power.Finally,…[Read more]

]]> e626f729ad3b24d2dc231b37189a3f51 CentralChoice replied to the topic CPI Increase Commercial in the forum Commercial Property https://www.propertyinvesting.com/topic/4395816-cpi-increase-commercial/#post-4601468 Thu, 26 Mar 2009 14:08:03 +0000 Your lease should identify how to calculate it. In a standard LIV lease, for instance, look under the definition in the lease for "Consumer Price Index" and you will see that it states "All Groups" for Melbourne as being the correct CPI figure.

]]> 525b138f70e7c9f5bdb57df4d58fd05e CentralChoice replied to the topic Refinance in the forum Finance https://www.propertyinvesting.com/topic/4395715-refinance/#post-4601020 Wed, 18 Mar 2009 22:52:04 +0000 David,The process is as follows – the bank will determine whether or not to give you the loan based on 2 criteria:a. Capacity – this includes things such as whether you can afford the loan on your 75kb. Character – this includes your willingness to repay the debt ie your credit historyc. Collateral – the valuation of your property1. The bank will…[Read more]

]]> 194b2a39dc884bebdf1638504b5d0e82 CentralChoice replied to the topic Refinance in the forum Finance https://www.propertyinvesting.com/topic/4395715-refinance/#post-4601017 Wed, 18 Mar 2009 12:32:43 +0000 Andrew is right, paid defaults under $500 should be allowed under CBA policy.

We obtain a credit report for free within 24 hours for our clients. It might be that there is another default that you are unaware of. Saves you 30 bucks or 10 days, however you want to look at it. They have the ability to approve this deal in house, rather than send it…[Read more]

]]> f6d097a1836f790966d763b83650c0e2 CentralChoice replied to the topic Good loan structure advice needed for PPOR then IP after 6/12 in the forum Finance https://www.propertyinvesting.com/topic/4395519-good-loan-structure-advice-needed-for-ppor-then-ip-after-612/#post-4599917 Mon, 16 Mar 2009 07:31:31 +0000 Poto, you can easily get a 95% loan + LMI as an interest only facility.

]]> 6f1eed8553dfbcb8873059852eefa926 CentralChoice replied to the topic need advise in the forum Help Needed! https://www.propertyinvesting.com/topic/4395655-need-advise-3/#post-4600724 Sat, 14 Mar 2009 07:48:02 +0000 Consider the following:hello out there, I am in need of advice well it all starts like this:My wife and i are looking at buying a friends house off him to live in. We will rent out the unit we are currently living in to start off our portfolio. We are hoping to achieve a rent of $___ for our unit.The tricky part is his house has been valued at 33…[Read more]

]]> 23a0f7164067bf6f2447b5c566d8ec47 CentralChoice replied to the topic need advise in the forum Help Needed! https://www.propertyinvesting.com/topic/4395655-need-advise-3/#post-4600723 Sat, 14 Mar 2009 07:33:51 +0000 kev2008 wrote:
hello out there, i am in need of advise well it all starts like this imy wife and i are looking at buying a friends house of him to live in and rent out our unit we a currenlty living in to start of our portfolio.now the tricky part is his house has been valued at 330,000 and has been offered to us for 290,000 but because we still…[Read more]

]]> 157d5a228e67cb2f4166329906ae1e36 CentralChoice replied to the topic interst only vs pricipal + interest in the forum Agree, agree and https://www.propertyinvesting.com/topic/4395671-interst-only-vs-pricipal-interest/#post-4600805 Sat, 14 Mar 2009 07:18:05 +0000 Agree, agree and agree.Doesn't matter if it's your first property or your 10th. The right structure should be interest only with 100% offset – ot saves you money and allows for flexibility.Using duckster's example, a person came into my office and wanted to refinance an investment property that they had paid off 2 years ago that was on a P&I lo…[Read more]

]]> d5692e929671c06b424539457a9ecec8 CentralChoice replied to the topic FHOG Quick Question in the forum Also depends on how the https://www.propertyinvesting.com/topic/4395687-fhog-quick-question/#post-4600898 Sat, 14 Mar 2009 07:09:39 +0000 Also depends on how the building contract is structured ie if house + land package and you pay using progress payments. Typically if it is lodged through the bank FHOG is given when the slab is poured.

]]> 5f26f637b87541df67ffe08b9d939308 CentralChoice replied to the topic 2 Pos geared residential properties available for URGENT sale in Rural NSW up to 16% Rental Yield under $185K- Due to Divorce in the forum Sorry to hear about the https://www.propertyinvesting.com/topic/4395639-2-pos-geared-residential-properties-available-for-urgent-sale-in-rural-nsw-up-to-16-rental-yield-under-185k-due-to-divorce/#post-4600661 Wed, 11 Mar 2009 09:10:05 +0000 Sorry to hear about the divorce. Please provide details. Thanks.

]]> d2d35c9a5c9c32dee6be802c44d6be28 CentralChoice replied to the topic Refinancing with a break out fee. in the forum Finance https://www.propertyinvesting.com/topic/4395641-refinancing-with-a-break-out-fee/#post-4600671 Wed, 11 Mar 2009 09:03:57 +0000 Rastuss,You should avoid cross collateralising where possible, and it looks like you probably can in this case.Pull out more money from your existing property as a separate split, then borrow against the second property to make up the difference (or more). 4 loans should not really be that confusing, as long as all of your money goes into one…[Read more]

]]> b1b56cfa2bd8963ba85b0fd0d11fa6a7 CentralChoice replied to the topic Who prepared your trust? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395642-who-prepared-your-trust/#post-4600673 Wed, 11 Mar 2009 08:54:49 +0000 Hi Dave,The trust is usually set up by a property lawyer. It is the lawyer's job to "think" of every possible scenario that could happen and make sure that there is a way to deal with it. This is known as a "precedent". The lawyer lodges the trust to get stamped at the relevant government office in your state.Shoot us an email and I can introduce…[Read more]

]]> 0ceb4b471a0c9c67d8381bddb54b1fa7 CentralChoice replied to the topic Offset -vs- Redraw in the forum Finance https://www.propertyinvesting.com/topic/4395626-offset-vs-redraw/#post-4600549 Wed, 11 Mar 2009 05:55:51 +0000 Terry's right.

]]> dbe2a7a67cfdeda8a02e624a53444547 CentralChoice replied to the topic No postcode restriction finance in the forum Finance https://www.propertyinvesting.com/topic/4395588-no-postcode-restriction-finance/#post-4600338 Sat, 07 Mar 2009 04:48:17 +0000 Mate,There's no postcode restriction!!

]]> ba29d4b5791678b9b06530be9a581d74 CentralChoice replied to the topic First Timer Advice Please in the forum Help Needed! https://www.propertyinvesting.com/topic/4395622-first-timer-advice-please/#post-4600514 Sat, 07 Mar 2009 04:31:45 +0000 Hi nooby,How about that? My brother is also stationed in Darwin with the defence force! His wife is a lawyer there too so she might be able to give you a proper legal answer if you like.I am of the understanding though that if you are just sharing a room within your house then it will have no effect on either of your questions. Cheers,

]]> 8273b2f0c49504a6e1a8a24312b837cc CentralChoice replied to the topic No postcode restriction finance in the forum Finance https://www.propertyinvesting.com/topic/4395588-no-postcode-restriction-finance/#post-4600336 Sat, 07 Mar 2009 04:23:47 +0000 Hi Jamie,Unfortunately looks like your family member is slightly misinformed. Above 80% should be fine.Good luck with itHany

]]> 58b4b17009bf493bac450a74c640515d CentralChoice replied to the topic St George No Deposit Loan - Fixed interest rates in the forum Finance https://www.propertyinvesting.com/topic/4395202-st-george-no-deposit-loan-fixed-interest-rates/page/2/#post-4598130 Fri, 06 Mar 2009 02:37:40 +0000 St George have just tightened up their policy on 100% loans even further.Commitment cover ratio is now 1.25% (as opposed to 1.10%) which means you'll be able to borrow less…

]]> 176df08a936df9e4371cbf11ffd682cf CentralChoice replied to the topic St George No Deposit Loan - Fixed interest rates in the forum Finance https://www.propertyinvesting.com/topic/4395202-st-george-no-deposit-loan-fixed-interest-rates/#post-4598123 Wed, 04 Mar 2009 05:34:21 +0000 RAMS will still give you 100%. But their approval times are horrendous.The 100% loan I would have to say is a dying beast.

]]> 94eb84885c2ce948fa88100b62c0da03 CentralChoice replied to the topic Good loan structure advice needed for PPOR then IP after 6/12 in the forum Finance https://www.propertyinvesting.com/topic/4395519-good-loan-structure-advice-needed-for-ppor-then-ip-after-612/#post-4599915 Tue, 03 Mar 2009 22:54:23 +0000 Agree with Richard. CBA's is quite a pain to operate.That being said, there is some value is 'separating' the extra repayments.

]]> db1d524e2e74f9247a137cf71aa2fcfc CentralChoice replied to the topic anyone locking into fixed rates yet? in the forum Finance https://www.propertyinvesting.com/topic/4395579-anyone-locking-into-fixed-rates-yet/#post-4600286 Tue, 03 Mar 2009 22:52:29 +0000 RT,Reading your response, one could be forgiven for inferring that you are predicting that interest rates will rise…?HP

]]> 5a093253e8488a803d0a66e587a0cde7 CentralChoice replied to the topic anyone locking into fixed rates yet? in the forum Finance https://www.propertyinvesting.com/topic/4395579-anyone-locking-into-fixed-rates-yet/#post-4600284 Tue, 03 Mar 2009 12:39:25 +0000 Here's a nice forecast of where the banks are expecting rates to go. Enjoy!St. George – "We expect further rate cuts and look for the official cash rate to be at least as low as 2.50% by the end of this year." ANZ – "The RBA has undertaken aggressive rate cuts in recent months as part of the global response to the financial crisis and ensuing…[Read more]

]]> 8334ac7ee82c9ae60d56de6903ef51aa CentralChoice replied to the topic No postcode restriction finance in the forum Finance https://www.propertyinvesting.com/topic/4395588-no-postcode-restriction-finance/#post-4600333 Tue, 03 Mar 2009 12:35:11 +0000 With some banks you might find that they have an "open policy" with their mortgage insurer, meaning they have something akin to a "discretionary sign off" ie they they sign the deal off in house, rather than sending it to their mortgage insurer.If that's the case, it's business as usual and there won't be any postcode…[Read more]

]]> 33205b3198425913d25ee10e2f983dce CentralChoice replied to the topic Good loan structure advice needed for PPOR then IP after 6/12 in the forum Finance https://www.propertyinvesting.com/topic/4395519-good-loan-structure-advice-needed-for-ppor-then-ip-after-612/#post-4599913 Tue, 03 Mar 2009 12:29:35 +0000 EV,You're almost there. Instead of putting it into the redraw (ie the loan), you should be putting it into the offset, which I believe is called the mortgage interest saver account. It's when you redraw the cash from the loan where you may have potential issues, as you want to preserve tax deductibility, particularly as under the wealth package…[Read more]

]]> d97fc82b8992fca50fe7024cf203414f CentralChoice replied to the topic Going on title and Stamp Duty in the forum Finance https://www.propertyinvesting.com/topic/4395546-going-on-title-and-stamp-duty/#post-4600051 Fri, 27 Feb 2009 05:22:48 +0000 I don't believe so if it's a spouse. Check with a lawyer but I do think that the 50% share can be done through "love and affection"

]]> 3b156ad7cffc851086f7250630ccbbd1 CentralChoice replied to the topic Joint names on Security but loan in one name in the forum Finance https://www.propertyinvesting.com/topic/4395488-joint-names-on-security-but-loan-in-one-name/#post-4599699 Fri, 27 Feb 2009 03:05:46 +0000 Rumour has it though that RBA are gonna cut rates again in March… don't base your decisions on what I hear on the rumour mill though!

]]> 48ee641a514dd9782caf20f096668d90 CentralChoice replied to the topic Joint names on Security but loan in one name in the forum Finance https://www.propertyinvesting.com/topic/4395488-joint-names-on-security-but-loan-in-one-name/#post-4599697 Fri, 27 Feb 2009 02:48:41 +0000 Bottom line that I think Joyce wants the answer to – you WILL be able to refinance through St George for the 1.5% discount!!!

]]> 90dbf761a8019f6fdf7fa040e8257a80 CentralChoice replied to the topic Joint names on Security but loan in one name in the forum Finance https://www.propertyinvesting.com/topic/4395488-joint-names-on-security-but-loan-in-one-name/#post-4599696 Fri, 27 Feb 2009 02:46:46 +0000 The original answer still remains that both names still need to be on the loan…All Title owner must be attached to any Mortgage on that property in some way, so whilst one person can technically be on the loan, the other will still need to be a guarantor. So Mrs can be the borrower & Mr be the Guarantor. This is to avoid one party taking out a…[Read more]

]]> 20652e6227fae242f2fbe62fb304e5b0 CentralChoice replied to the topic Mortgage broker commission and trailing fees rebate in the forum Opinionated! https://www.propertyinvesting.com/topic/4395485-mortgage-broker-commission-and-trailing-fees-rebate/#post-4599561 Mon, 23 Feb 2009 03:03:48 +0000 If you needed to have an operation done, would you go and see a doctor who rebated 50% of his fees? Now if you wouldn't do that for a doctor, why would you do it for your mortgage?A 50% rebate would be something like $500, however we have seen clients AFTER they have been to outfits like these with a pre-approval in hand, and we were able to…[Read more]

]]> 562b6d4a8a90fb9d712296c7284e1320 CentralChoice replied to the topic Joint names on Security but loan in one name in the forum Finance https://www.propertyinvesting.com/topic/4395488-joint-names-on-security-but-loan-in-one-name/#post-4599694 Mon, 23 Feb 2009 02:47:58 +0000 Joyce,Now that I have a clearer understanding of your situation, if you are able to demonstrate that you can service the loan all on your own, and you husband is without tax returns, all you would need would be a letter from his accountant saying he does not have any further business debts etc. It's really a question of understanding the lender's…[Read more]

]]> aedba8320c8532ec127354eab4d2aa15 CentralChoice replied to the topic Joint names on Security but loan in one name in the forum Finance https://www.propertyinvesting.com/topic/4395488-joint-names-on-security-but-loan-in-one-name/#post-4599693 Mon, 23 Feb 2009 02:44:41 +0000 Joyce,Now that I have a clearer understanding of your situation, if you are able to demonstrate that you can service the loan all on your own, and you husband is without tax returns, all you would need would be a letter from his accountant saying he does not have any further business debts etc. It's really a question of understanding the lender's…[Read more]

]]> 441743643ce7494a36a2976e7c4fff0a CentralChoice replied to the topic Joint names on Security but loan in one name in the forum Finance https://www.propertyinvesting.com/topic/4395488-joint-names-on-security-but-loan-in-one-name/#post-4599690 Sun, 22 Feb 2009 08:52:04 +0000 Hi Joyce,I am pretty sure your lender will have an issue with it – if your name is on the title it must be on the loan. However, you can be on the loan without being on the title, just not the other way around.The only other way would be for your husband to "gift" his share of the property to you, eliminating the need to pay any stamp duty. Then…[Read more]

]]> 6258f54198ef4c895c911757a5e3fac1 CentralChoice replied to the topic whats the best net return you have got from a property recently in the forum Creative Investing https://www.propertyinvesting.com/topic/4394831-whats-the-best-net-return-you-have-got-from-a-property-recently/page/2/#post-4596146 Thu, 18 Dec 2008 07:52:34 +0000 Hey clones,For clarity:Deal 1 – one of the more memorable ones: the auction was at the real estate agent's office 3 days before the actual auction and the agent had a "written bid" of $330,000. This was on a Wednesday at 5pm; god knows why the agent held the auction at that time. There were 2 bidders and the agent sat us both in different rooms…[Read more]

]]> 1ecbf3402379b48e41518f8172ee3d38 CentralChoice replied to the topic Need some advice on Footscray and West Footscray, in the forum Help Needed! https://www.propertyinvesting.com/topic/4394953-need-some-advice-on-footscray-and-west-footscray/#post-4596895 Wed, 17 Dec 2008 13:16:21 +0000 Braybrook/Maidstone has been given a fairly bad rep for crime etc in recent times, but I would suggest it would depend on whether you are north or south of Ballarat Rd Of the two I would prefer Maidstone (north of Ballarat Rd) given the closer proximity to Highpoint and Maribyrnong.There is a lot of new development going on in the area, for…[Read more]

]]> fd165f917804e737d005fd30d7112e1f CentralChoice replied to the topic Offset account in the forum Finance https://www.propertyinvesting.com/topic/4394919-offset-account-3/#post-4596612 Wed, 17 Dec 2008 13:07:41 +0000 Hey Clareow,You will be up for some pretty hefty mortgage insurance (upwards of $10k) on that size of the loan. But there's no reason why you can't get the best of both worlds – it seems what you need is a lender who will provide you with cheaper mortgage insurance, an offset account and will still offer you a low interest rate.Alternatively, some…[Read more]

]]> 336a097d84aad1a6a9afb12d522f7fe2 CentralChoice replied to the topic Need some advice on Footscray and West Footscray, in the forum Help Needed! https://www.propertyinvesting.com/topic/4394953-need-some-advice-on-footscray-and-west-footscray/#post-4596893 Wed, 17 Dec 2008 12:38:30 +0000 Hi Hari,I am a huge fan of Footscray/West Footscray having purchased 7 properties in the area.Current median sales price in the area is $477,500.In 2007 prices grew by 22.6% and in 2008 prices appreciated 10% so there has been a lot of growth recently.Also, 50% of all households in Footscray are renters so it's pretty good for investors.I know a…[Read more]

]]> 770fd31eeaba84e02674fce26d942590 CentralChoice replied to the topic Best place to "park" money (highest interest?) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394904-best-place-to-park-money-highest-interest/#post-4596547 Thu, 11 Dec 2008 14:03:00 +0000 Up until about a year ago there was a lot of private financing and even solicitor funding available. Banks may only lend to about 70% LVR and even then if you are developing, some banks will not release funds until the subdivision is through. Furthermore, development financing is driven largely by pre-sales, which might not always be possible. A d…[Read more]

]]> bcd9892a4b7bfa7eda942e03187451d0 CentralChoice replied to the topic lease expired, Can a commercial tenant take fixtures and fittings that they have installed in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394894-lease-expired-can-a-commercial-tenant-take-fixtures-and-fittings-that-they-have-installed/#post-4596496 Thu, 11 Dec 2008 13:46:53 +0000 The premises should normally be restored to the condition that they were in when the lease was originally entered into, with the exception of fair wear and tear.If it costs them more to remove it than the stuff is worth, it sounds like they just want to get something (anything!) for it, but they agreed to the make good clause when they signed the…[Read more]

]]> f3eff682d6cbec3f1a5241d78e3e73f1 CentralChoice replied to the topic Capital Growth Or Cashflow, OR Combo?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394909-capital-growth-or-cashflow-or-combo/#post-4596565 Thu, 11 Dec 2008 13:17:01 +0000 Purchasing for growth will be the key. That being said, if you are smart enough and have a keen enough eye, you will buy something cheap, make some improvements to increase cashflow and experience growth at the same time.Despite the fact that cashflow will allow you to borrow more, the majority of my clients find that their borrowing power is…[Read more]

]]> 1b333737ff0e31ba4df35ff0c193b8c8 CentralChoice replied to the topic whats the best net return you have got from a property recently in the forum Creative Investing https://www.propertyinvesting.com/topic/4394831-whats-the-best-net-return-you-have-got-from-a-property-recently/#post-4596138 Thu, 11 Dec 2008 13:12:44 +0000 Apologies for the repetition. I will remember in future to only press post comment once.

]]> f1a81ba1d856207ca03d35efe122946b CentralChoice replied to the topic Bank West Cuts Fixed rates in the forum Finance https://www.propertyinvesting.com/topic/4394902-bank-west-cuts-fixed-rates/#post-4596533 Thu, 11 Dec 2008 05:39:27 +0000 Thanks Richard. I knew you'd get it right eventually

]]> 00362c4a9544c47bb1344f5ff598a345 CentralChoice replied to the topic whats the best net return you have got from a property recently in the forum Creative Investing https://www.propertyinvesting.com/topic/4394831-whats-the-best-net-return-you-have-got-from-a-property-recently/#post-4596134 Thu, 11 Dec 2008 05:29:16 +0000 Three stories…I bought a three bedroom house in Edgewater near Maribyrnong in April last year for $331,000. Did a $2000 reno (patching up cracks on walls, ripping out carpet and polishing the existing floorboards, agents came along and valued it at $550kPrevious to this though, I bought a double storey house with a coin-laundry in the front.…[Read more]

]]> 592efabb71d7f9ef947ad9f16d58a466 CentralChoice replied to the topic Bank West Cuts Fixed rates in the forum Finance https://www.propertyinvesting.com/topic/4394902-bank-west-cuts-fixed-rates/#post-4596531 Thu, 11 Dec 2008 05:16:56 +0000 What do you blokes think of the 3.99% from FirstMac?? Ever gone near it?

]]> 872c729f68d3748182fb7b78b4d272c5 CentralChoice replied to the topic Anyone know best commercial rates currently? in the forum Finance https://www.propertyinvesting.com/topic/4394852-anyone-know-best-commercial-rates-currently/#post-4596251 Tue, 09 Dec 2008 15:47:34 +0000 Consider fixing for 1 year at about 5.5 – 5.6% and when the fixed period expires you may find yourself in a lower interest rate period so then you can fix it for longer.Current variable rate for commercial is around 8% so it just depends how far you think the variable rate will go down by (if it will go down).

]]> 36962512a4e0304d1d6cbb18958bbd74 CentralChoice replied to the topic Interest Only or PAI in the forum Finance https://www.propertyinvesting.com/topic/4394895-interest-only-or-pai/#post-4596501 Tue, 09 Dec 2008 15:36:10 +0000 Interesting to see both entirely valid arguments and I would say you both have acceptable reasoning.Nevertheless, I think i would have to agree with Terry on keeping all loans interest only, as my focus would be to purchase properties in locations that will appreciate in value regardless of what is happening in the market.

]]> fd81a0a05d2dff618d4f5517eec8ba76 CentralChoice replied to the topic Is this low doc loan? in the forum Finance https://www.propertyinvesting.com/topic/4394825-is-this-low-doc-loan/#post-4596064 Sun, 30 Nov 2008 05:47:07 +0000 It depends how you get paid – If you can substantiate your income via 2 pay slips (and a group certificate if possible) this will qualify as a full-doc loan. Otherwise if you are a subcontractor running your own business, you may have to get a lo-doc loan.Low doc loans are generally for business owners who may not be up to date with their…[Read more]

]]> 6312524f4d3f95a775288552c5798e13 CentralChoice replied to the topic Very Frustrated Buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/4394829-very-frustrated-buyer/#post-4596114 Sun, 30 Nov 2008 05:39:56 +0000 One further tip, probably avoid telling them what your budget is. Just tell them "if the price is right, I will buy it" because he will try to squeeze more out of you.It sounds like total BS that he is selling it for no commission. Agent's authority agreements can vary, and just as an example, sometimes they might have a target price of $2…[Read more]

]]> 94f94bcb00b105821036cffa4fe4697d CentralChoice replied to the topic What's wrong with Cross-Collateralising? Margaret Lomas describes several benefits. in the forum Finance https://www.propertyinvesting.com/topic/4394804-whats-wrong-with-cross-collateralising-margaret-lomas-describes-several-benefits/#post-4595987 Sun, 30 Nov 2008 05:31:32 +0000 Agree with Terry. He wasn't your client at the time he purchased was he? I will say that the asset protection theory is a myth, because the bank can sue you to chase your assets even if they don't have a mortgage on it. It just removes an additional step in the process of them getting their money back. Say you have a portfolio that mixes…[Read more]

]]> fa58ea4394a07fc70216bb301580c861 CentralChoice replied to the topic pls advice on FHOG in the forum Help Needed! https://www.propertyinvesting.com/topic/4394791-pls-advice-on-fhog/#post-4595929 Tue, 25 Nov 2008 01:33:24 +0000 When you download the form it does say something like if you have owned a residential property, even if you have not lived in it, you will not be able to get the grant. It would be different say, if you've owned commercial property.Might be worth giving it a go in any event; they can only say no?

]]> a13a0c1706d894d71ed648b5a4a0e6d9 CentralChoice replied to the topic Romoving a name off house title in the forum Help Needed! https://www.propertyinvesting.com/topic/4394794-romoving-a-name-off-house-title/#post-4595943 Tue, 25 Nov 2008 01:24:39 +0000 Just go see a solicitor – in Victoria you can transfer assets from husband to wife or vice versa and make gifts out of "love and affection". I imagine it would be the same in Tassie but not 100% sure.Good luck.

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