Hi Vernon,

I use pAtrick Thatcher or RMG accounting. Suits me and my circumstances. Also suggest a search of the forum (top left under forum boards) to see what others say. There have been a few recommends over time.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

HI Shelley,

The ATO website also a booklet that explores a great many issues associated with CGT. Do a search and download the pdf file. If you need a hand send me an email and I’ll send you a copy by return mail.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Shade,

Just picked this one up.

For what it is worth your current LVR is around 90% of the value of the property and as such you don’t have a great deal of equity to play with.

My first recommendation would be to sit down with a broker to see what the best course of action is with respect to ‘getting the next one’. They would be able to…[Read more]

Mandurah WA

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi eecchhoo,

For me the more important consideration is the amount the respective lenders are prepared to lend you based on your current situation.

Different lenders have different rules and ceilings and as such you may be better off, in the longer term, with another lender who will loan more.

Having said that I am not familiar with the ‘ins…[Read more]

Hi Robo,

They were quoted in May SMH as saying “The forecaster has based its predictions on expectations the standard variable home loan rate will rise to as high as 9 per cent by the second half of next year, from 7.3 per cent now.”

It seems in 4 months they have significantly scaled their prediction back.

If anyone is worried about their…[Read more]

HI Shelley,

Taxable gains are added to your ‘normal’ income and taxed at the prevailing rate.

Issues such as capital costs, building depreciation, selling costs, period of ownership all come into play when finalising your bill.

As a rule if you do sell – stagger and if possible sell in a no or low income year to minimise…[Read more]

Hi Shelley,

There are other lenders around – I would recommend a chat to a savvy broker. I am sure that they could help – even if it means looking at non-standard loans and lenders. Obviously you would need to apply your own checks and balances to ensure affordability etc.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi chris,

Give one of the regular brokers here a call. They may be able to help.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Milly,

As the solicitor has acknowledged that you are due for a stamp duty refund then I would follow the conversation with a simple letter.

This way there is a written record that they will be providing you with a refund. Keep it simple. Stage one is to get the refund.

Stage two is to hit them for a refund of their fees they received for a…[Read more]

Hi Milly,

As your solicitor is claiming that the stamp duty has been paid ask them for the receipt details and/or follow the matter up with the relevant authority in the state concerned.

If the stamp duty has been paid it would indicate (to my laymans way of thinking) that the solicitor is at fault here.

I would also be following the matter up…[Read more]

Hi all,

I did the Navra course two/three years ago when it was last in Perth. It was a two day course then.

I would recommend it to anyone who wants to get another perspective on investing with a multi pronged approach.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Originally posted by Shelley D.:
We have 2 IP plus 1 PPR. Next property we would like to buy it in a trust or something else. Trouble is, I don’t know much about how they work and the tax benefits. Can you suggest the best way to study how they work – books etc?

Hi Shelley,

Not Matt – but you may like to have a read of Dale Gatherum-Goss’…[Read more]

Originally posted by WASP:
I know you could go lo-doc as well, with a slightly higher interest rate, but a 1% increase on a 5% loan is costing you about 20% more for your money[blink].

Wasp

Hi Wasp,

Sometimes the additional percentage rate is worth the expense. In some respects it is a little like LMI or not questions.

If the extra cost of…[Read more]

Hi Alysha,

The key question for me is what outcome were you wanting from this purchase? Has the property done the job you wanted it too? What would you do with the funds if you got out now? Is the property affordable for you?

To me these are critical to your decision making…[Read more]

Hi all,

When I last did the Steve Navra course 3 years ago the bank he used, as per Terry’s example, to increase serviceability was one of the big four.

Lending the additional funds was never an issue as the bank in question fully understood the ‘Navra approach’ and saw risk levels that were in keeping with their guidelines. They were…[Read more]

Hi GCG,

In his most recent property report Michael Matusik has some interesting Brisbane figures at hand; namely property is currently undersupplied by the equivalent of thre emonths supply, the job creation rate continues to be steady (and highish), population growth continues to be one of the highest in percentage terms (and almost in raw…[Read more]

Hi Mitm,

You did say “holiday apartment” so I am assuming you are talking something with a few floors. If so investigate body corporate costs – they can be very expensive and make a good gross return not so fancy as net figures.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Zen,

City council rates are obtainable from the City Council and Water Authority Rates from WAWA. This will give you an exact set of figures for you to work from – as a ball park you could allow $650 each here.

If the property is strata titled then body corporate fees will be available from the strata manager.

For property management fees…[Read more]

Hi Jawz,

Just as an aside comment – have you looked at the area and asked the question “Is this where we want to live?”

While the purchase price may sound attractive are you and your family going to be able to live there with the ‘limited’ (an assumption based on price) services available in the area.

I would also suggest that the entry price…[Read more]