homersyd wrote:
hi all, Me and my partner just bought our 1st home, we bought a 2bed apartment in Sydney CBD which costs around 600k. we have put in 20% deposit and the mortgage repayment would soon start. So my question is when can I actually start in investment properties and how?

You already have by buying your own home.Pay down more on…[Read more]

I think the asset protection comes more when the property investor owns many properties in different trusts with not much debt.If house one tenant trips over and sues house one trust then house two trust is not affected or house 50 trust account is not affected.However setting up the trust early is what is being mentioned to protect the assets…[Read more]

you may want to look at paying a once a year fee for the portfolio loan rather than being slugged each month.One trap is that it is easy to borrow more money so if you top up a line of credit loan for some reason it can build up to quite an amount.You most likely will get also a credit card with that product so be careful not to clock up the visa…[Read more]

what a quantity surveyor ishttp://www.aiqs.com.au/What_is_QS/index.htmEach fitting in the house reduces in value over a life span of the item (Carpets, Vinyl floor, Hot water service, Ect)The quantity surveyor works out the life span, as this is a hard thing to find out from the ATO.Then the devalued amount is able to be claimed as an incurred…[Read more]

jemmie wrote:
Hi, They have said that we therefore need to provide the $62000 deposit. Does this mean they actually want us to hand over the $62000 to them to hold until we need it for the finishing costs? This again seems crazy.Is this standard practice? I have read on here that some lenders use GRV when working out the LVR for construction…[Read more]

What is the expected rental income? as this will reduce the $5000 a year to a lower shortfall Negative gearing amount =  rental income – interest costs – rates- insurance – depreciation – ect.You may be able to do a building write down (depreciation) to get more back on tax return (2.5% of building costs if building is new or recently c…[Read more]

Do not forget if a client states they can afford a loan they need to earn the amount stated as the ATO cross checks loc doc loan stated income with what a tax payer declares their income is on their tax returns.

Usually savvy investors isolate each property by separate loans with different banks for each property and may also use a trust or company structure as a form of asset protection.WhyBecause if you had different loans with the same bank and default they can still seize your other properties to pay back what you owe them.

Claire this is an Australian Property Forum.In Australian Dollars thats about  $738,530 – $1,559,120What is the rules in Scotland towards foreign investment as the Chinese are keen on investing in other countries at the moment.

Cross collaterisation means that the security for the next loan comes from all your properties.ip1 value = $345,000 and ip2 value of $150,000 total value = 495,000ip1 loan of $315,000 and ip3 loan of $130,006 = total loan of $451,000new total loan $190k + total loans of 451 = $641,000new total value $495,000 + 190,000 = $685,000LVR = 641/685 = 93%…[Read more]

It really depends on the loanIs the loan a massively negatively geared investment loanso when you pay off more on the loan you decrease the loss and then get less of a tax deduction. However you usually only get 30%  of your loss back.So $150,000 * .06 = $9000 interest expensespay of $30,000SO $120,000 * .06 = $7200 in interest expenses$9000 *…[Read more]

PK1 wrote:
Dear all   Thanks for your time to read this post.   I am looking at an IP which would be my first one, situated in south Brisbane.It consists of 2 lowset brick units on one title, both units consisting of one bedroom, large ensuite bathroom, open plan kitchen/lounge area and small outdoor covered area and both units are air…[Read more]

You have to live in it for six months within the first twelve months to qualify for the first home owners grant.To gain a PPOR exemption you must be able to prove via records that you actually lived in the house as your main dwelling.http://www.ato.gov.au/individuals/content.asp?doc=/content/36883.htmsix year rule on keeping ppor while renting it…[Read more]

Speaking to someone from England – Television may operate on a different radio frequency range.

I am assuming it is in Maribyrnong Victoria.  Important points are is it near infrastructureYes – Train lineYes close to CBD 11 k/m'sYes- highpoint shopping centreyes -golf courseYes – heaps of park reserves near areayes – close to flemington race trackyes – close to riveryes- close to flemington show grounds (Melbourne show)Buying in eastern…[Read more]

Get as much work experience related to your degree as you can.Graduate recruitment are very self centred towards graduates having experience.You may be able to lower your on campus study load and still work.I made the mistake of doing my commerce degree ASAP and then found my marks were not high enough, my age was too much, my weight was to much…[Read more]

I remember the recession we had to have- Prices of property can go down.As we now have foreign investors they will have currency risk.As the interest rates increase so to will deposit interest rates. This will make money come into Australia from foreign investors and change the exchange rate. This could affect foreign investors interest…[Read more]

Garage sales. Look in Local Leader Newspaper and Herald Sun maybe advertise where they are.Dave you will find 5 pages of places with the link below!http://www.bargainshopper.com.au/Default.aspx?PageID=1323689&A=WebApp&CCID=3321&Page=1&Items=10Can't find the cow shed may have gone out of business as web site not coming up. Phone first so you do not…[Read more]

This varies from State to State. Check out http://www.firsthome.gov.au/ and select which State you are in.

Will the vendor lend you the 20% as vendor finance ?Since the financial crisis valuers are being more conservative in their valuations.