Total Members: 158,197

coolharry67

  • coolharry67 replied to the topic new layout in the forum Site Problems / Feedback 9 years, 11 months ago

    hi Steve
    I think it will be unfair to terminate someone’s ac for their negative views, we as users need to know both sides of the stories, when a forum member asks a question the replies are generally from people who are business owners and although they may provide the right advice it still is a business and everyone needs to ask if the answers…[Read more]

  • coolharry67 replied to the topic Buying higher or lower priced properties? in the forum Help Needed! 10 years ago

    Is it better to invest in higher-valued or lower-valued properties, if you had the same money to invest?

    for me these are both the same- reason being the value is the same- price is different- just to elaborate if you buy a 250k worth of property at 260k then that was not cheap- you overpaid and therefore this was an expensive property. at the…[Read more]

  • coolharry67 replied to the topic Experience with ABC in the forum General Property 10 years, 1 month ago

    even if your father was tricked to buy a comm property under the disguise of resi property the bank would have known from the contracts so best to aks the bank to clarify this

  • coolharry67 replied to the topic Experience with ABC in the forum General Property 10 years, 1 month ago

    this does not sound right- how can a residential apartment become a commercial property without notification to your dad and the bank, you may want to consult with a solicitor before making any decisions as my understanding is the banks check and value the property before giving a loan and they would have seen the zoning ( resi or commercial) at…[Read more]

  • coolharry67 replied to the topic HSBC news of collapse in the forum General Property 10 years, 1 month ago

    WOW Fascinating info- thats why cba share price keeps going up but their price to book ratio is 2.6 times? now i know how they achieve that. so this tells me that the aussie big banks that are considered by many as "Too Big to fail"  is like saying "Too fat to Die". thanks Freckle for that info

  • coolharry67 replied to the topic HSBC news of collapse in the forum General Property 10 years, 1 month ago

    hi JACM i am not worried about the deposit or savings ac etc- it is more like HSBC is such a giant that if they collapse they will take a lot of countries and banks down with them triggering something massive like a GFC- i am wondering how that will affect our aussie banks which are considered so safe?  or may be it could be nothing and i am just…[Read more]

  • coolharry67 replied to the topic depreciation question in the forum General Property 10 years, 3 months ago

    hi Jacqui that makes sense, i am wondering why my accountant says it will put me into the higher bracket, i will try and clarify this with him

  • coolharry67 replied to the topic depreciation question in the forum General Property 10 years, 3 months ago

    hi all thanks for the replies,i will confirm withh the accountant again but i am pretty sure what he said was that iam in the 30% tax bracket and if i claim deprecitaion i will be into the 46% bracket and have to pay more tax.

  • coolharry67 replied to the topic OTP Contracts in the forum Help Needed! 10 years, 9 months ago

    generally speaking the vendor will allow only 14 days for finance clause for OTP, the settlement will be 1-2 years away which means you will be going unconditional after these 14 days, the banks may not approve your loan after 1-2 years if your circumstances change and you may loose your deposit.

  • coolharry67 replied to the topic Economic Crisis Ahead, the golden truth! in the forum General Property 10 years, 10 months ago

    hi Xdrew very interesting view- a good read. on the subject of Diamonds i happened too read this sometime ago and i think it is a interesting theory on diamonds.   http://au.businessinsider.com/why-diamonds-are-a-sham-2013-3http://au.businessinsider.com/why-diamonds-are-a-sham-2013-3

  • coolharry67 replied to the topic 3 unit development in Epping VIC in the forum Value Adding 10 years, 11 months ago

    ok cool that makes sense. also Oscar just to get a very rough idea- what would this sort of construction cost if i was to get a builder to do it – just the cost of building i mean ( not planning to do it just yet but curious to know)

  • coolharry67 replied to the topic 3 unit development in Epping VIC in the forum Value Adding 10 years, 11 months ago

    hi Oscar the project looks great, could you please confrm if you did residential or commercial loan and which lender, also which builder as the price looks quite reasonable for 3 units. thanks

  • coolharry67 replied to the topic converting residential into commercial in the forum Commercial Property 12 years, 6 months ago

    that explains it thanks melanie

  • coolharry67 replied to the topic converting residential into commercial in the forum Commercial Property 12 years, 6 months ago

    cool thanks

  • coolharry67 replied to the topic Best wealth creation books? in the forum Help Needed! 12 years, 6 months ago

    money secrets of the rich by john burley- loved it

  • coolharry67 replied to the topic 457 Business Visa & IP options in the forum Help Needed! 12 years, 9 months ago

    hi mikei know someone who is on a similar visa and has got a loan for his home. so i think it is possible, i will ask him and confirmregards

  • coolharry67 replied to the topic Best way to clear PPOR debt in the forum Help Needed! 12 years, 10 months ago

    Terryw wrote:
    That's an idea. Sell the PPOR CGT free and move into one of the investments.Also, considering the other properties were inherited there are CGT concessions which should be looked into.

    hi terryif he moves into an ip with no loan, and rents out the ppor with loan, will that loan be deductible debtthanks

  • coolharry67 replied to the topic Mum’s PPOR: Sell or Rent? in the forum hi haratio,your mum also 13 years ago

    hi haratio,your mum also needs to consider the pension income which may be affected by centrelinks income test and asset test,

  • coolharry67 replied to the topic Australian Credit Licence Training for Vendor Financiers in the forum Heads Up! 13 years, 6 months ago

    PaulDobson wrote:
    HiThe following could be ruled as an ad.  If it is, so be it but I know there are a lot of Vendor Financiers out there worried about the requirement to get an Australian Credit Licence (ACL).Vendor Finance Institute Pty Ltd is about to commence a series of Vendor Finance ACL courses in Sydney, Melbourne, Perth and Bris…[Read more]

  • coolharry67 replied to the topic Any property left for average-wage earners? in the forum General Property 13 years, 6 months ago

    about offset accounts, most of these will have a monthly fee  anywhere from $8-$15 .  so it may be necessary to have a minimun of $3000 upwards at all times to make the interest offset larger than the fees.  

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