What is a good website I can visit to get more information on trusts and how it can work in property.Preferably something with diagrams to show how the trust structure would be setup etc…Thanks
Thanks for the comments guys.No centrelink payments were received.So if I did not receive any income for the tax year, I will be taxed 0% on the $50K? – So no tax?Or am I missing something….
Thanks for your response guys.I would have based my calculations on a 100% loan + ALL costs as well. It is quite challenging finding a property that is +CF when considering 100% loan + ALL costs.Just wasn't sure what people mean when they mention that they've found a "bargain" or +CF property, when in reality they've bought it on (using c…[Read more]
ediot123 replied to the topic Conveyancing Lawyer – ACT & NSW located in the South West Sydney in the forum Help Needed! 10 years, 6 months ago
Thank you for the quick replies guys, any good recommendations who will look after ACT property?
ediot123 replied to the topic Residex Top 100 Suburb Report for Sydney Latest Release in the forum General Property 10 years, 6 months ago
What format does the report come in?Booklet, pdf etc?Wouldn't mind paying abit for this report.
Apart from having more for the initial deposit, what other advantages would taking a personal loan out before applying for a mortgate create.Also what disadvantages? – I know there is probably more cons than there are pros in this case.Would love to hear your opinions
Thanks Number 8. Sounds like you did real well on that purchase. So what you are saying is you actually opened up a credit card account and used it as a deposit for your third IP?Was the interest lower on your CC than it was on the mortgage?Or am I missing something?
I played both the 101 and 102 electronic versions on computer a while ago. I bought it off ebay for about 8 bux or something (Im sure you can still get it). It's a dodgy copied version but works a treat.I found the game quite basic and only lasted me a week or so before it got boring. You dont have to do much to get out of the rat race as RK makes…[Read more]
Thanks for the info guys. You are always great help.Would it be best for me to rush in before the government grants expire? Or would it be best to wait until my default has cleared (March next year) from my file before applying for a loan.I know this has probably been talked about in earlier posts somewhere, but what are the current government…[Read more]
Hi Guys,Sorry to go slightly off topic here, I posted something similar yesterday but haven't got the answer to yet.Which would be the better option though. If you are using the property for investing purposes but had to live in it for 12 months, you are losing out on 12 months rental income plus all your tax deductions.Would it be worth it going…[Read more]
2) If you intend to purchase a new PPOR next year then you do not want to pay down the current loan and I woul dbe switching it to an interest only loan with 100% offset account linked to it now.
Just a quick question regarding the above, why is it recommended to have a 100% offset account against the IP when you are paying IO.…[Read more]
ediot123 replied to the topic New to Property Investing – Tips/Help With First Home Loan in the forum Help Needed! 12 years, 9 months ago
Hello everyone,First of all thank you all for replying.hleung – I have not gone to see my bank as yet but figured I should seek some answers to the many questions I have about investing in property before making any appointments with anyone ( So I started here ). With the amount I'm planning to borrow ($150k) I think a unit would be most s…[Read more]