http://www.ato.gov.au/corporate/content.asp?doc=/content/76048.htmThis is a grey area of tax law so it would be prudent to download Rental properties 2006 guide from the Tax Office website at http://www.ato.gov.au or phone 1300 720 092 between 8am and 6pm weekdays to order a copy

Check with your university librarian to see if any of their databases access this sort of information for free. Having just looked on RIEV web site it states they collect info and pass it on to the ABS. You should be able to at least access the Australian Bureau of S tatistics web site via your University Library  Database computer system for…[Read more]

check if renovator has taken out Builders Liability insurance for the work done.

The 40% taken from capital profit sounds like the new shared equity loans that Adelaide bank has introduced where they invest 20% and take 40% of your capital gain when you sell. These are for first home buyers and there is a limited amont of money being released.

Some lenders do not like HDT so double check with any lenders if HDT is ok with them.

Brett Duxbury
Duckster Financial Services
Mortgage Broker
http://www.ducksterfinancial.com

Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial or taxation decision you should consult…[Read more]

Tass . Check with your existing bank if you will be charged a fee for refinancing your mortgage away from them.
Ask the broker what fees the lender is going to charge you to set up a loan. Are the establishment fees deferred or upfront. What time frame is there for the deferred fees to not be charged if you break the loan.
Is the broker a member…[Read more]

In Victoria the landlord pays for the water rates and the tenant only pays the excess water component. I would think the excess water component would be impossible to measure in this situation.
I would think that the body corporate would have to get permission from the water company if it wanted to install seperate meters.
As the meter reader…[Read more]

depending on the workmanship you most likely will need to consider insuring the quality of the workmanship . Builders liabilty insurance I think it is known as.

Brett Duxbury
Duckster Financial Services
Mortgage Broker
http://www.ducksterfinancial.com

Comments are of a general nature and may not be relevant to your individual circumstances. If you…[Read more]

You could go to the troyandbec property investor meetings they cost $5 and learn about property investing and see some presentations from time to time from results participants. There will be another meeting in April or buy their filmed meetings.
I think it was on the 16th lookout for the next posting for April about a week before actual…[Read more]

look into doing a family pledge on part of your equity. Look into if lenders will be ok with you gifting her part of the money and will see it as geniune savings for her home loan.

Brett Duxbury
Duckster Financial Services
Mortgage Broker
http://www.ducksterfinancial.com

Comments are of a general nature and may not be relevant to your individual…[Read more]

Baz
Check out
http://www.pepperhomeloans.com.au/borrower_overview.asp
near prime lvr to 95%
A problem you are going to have is you want an owner occupied no doc loan and a majority of lenders will not lend no doc to owner occupied.
check out…[Read more]

do a google search for a book called trust magic
or
go to online shop on this forum web site and select all products
look for
WealthGuardian (Revised & Updated!)

Some lenders will not lend to trusts and have problems lending to hdt type trusts

Brett Duxbury
Duckster Financial Services
Mortgage Broker
http://www.ducksterfinancial.com

Comments are of a…[Read more]

If the income from the investment property is less than the expenses incurred for the investment property you are making a loss or breaking even. This loss can be negatively geared against other income (rent from other properties or a wage) thus reducing your tax assessable income. If breaking even you won’t pay income tax on the rental income.
If…[Read more]

Contact Plan Australia
http://www.planabettermortgage.com.au/
Ask them about their broker development program
1300 78 78 14 Victoria
They will be taking a new intake soon
They will provide you with training and support…
use this link if in another state
http://www.planaustralia.com.au/indexInfo.html

Brett Duxbury
Duckster Financial…[Read more]

When I was dong my commerce degree I had to do a business plan for an uni assignment. The most important feature in a business plan is easy to read graphs. So you need to project your expected earnings over a number of years based on an assumption that you will grow your business by xx% per year. You can get a good idea of what needs to go into a…[Read more]

Michelle I have sent you an answer in personal messages

Brett Duxbury
Duckster Financial Services
Mortgage Broker
http://www.ducksterfinancial.com
Helping to make the great Australian Dream come true !

Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial or taxation…[Read more]

Also mention to the lender what you expect the rental income for the investment property will be as lenders will add a portion of this into the servicability calculations. If you have large credit limits on your credit cards that are not being used you will reduce your servicability. Also any amount owed on other loans will affect…[Read more]

Estimated Breakdown of costs
based on LVR 95%
Value of Property $143,000
Application fee $600
Mortgage Registration $75
Land transfer $452
Stamp Duty $4060
Loan mortgage insurance $2676 estimate added to loan
Buyers deposit $15132 (FHOG +5132)
pay stamp and app fee from remaining funds
Loan of $132,950
Final Loan amount with LMI $135,626
repayment…[Read more]

check out non conforming lenders as lvr is low they may accept it also.

Duckster Financial Services
http://www.ducksterfinancial.com
Helping to make the great Australian Dream come true !

Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial or taxation decision you…[Read more]

There is a risk of receiving an Audit if your low doc income declaration varies from your business income declared to the ATO.
The ATO has a computer system called AUSTRAC that cross checks the data so there is an element of risk that they may ask the bank for a copy of your income declaration information. By law your lender would have to provide…[Read more]