Many banks talk to people of Redraw, and “Yes, no problems, you can just borrow the money back again if you need it!”

I have had clients tell me that bank staff have told them that redraw and offset are the same thing. They clearly serve different purposes but if you have no understanding of tax law you may think otherwise!

An option to con…[Read more]

Many banks talk to people of Redraw, and “Yes, no problems, you can just borrow the money back again if you need it!”

I have had clients tell me that bank staff have told them that redraw and offset are the same thing. They clearly serve different purposes but if you have no understanding of tax law you may think otherwise!

A neighbor did this course and she has done well from the info by applying it.

All the best with the sale :)

Maybe he is, maybe he is wrong, again!

A mitigant / strategy is to find quality stock that you can add value to and there fore create equity and as long as a tenant is in place and the rents are cash flow neutral to positive and I have cash buffers in place for the unpredictable then I am at peace to keep building, no pun intended :)

Maybe he is, maybe he is wrong, again!

The mitigant is to find quality stock that I can add value to and there fore create equity and as long as a tenant is in place and the rents are cash flow neutral to positive and I have cash buffers in place for the unpredictable then I am at peace to keep building, no pun intended :)

Maybe he is, maybe he is wrong, again!

The mitigant is to find quality stock that I can add value to and there fore create equity and as long as a tenant is in place and the rents are cash flow neutral to positive and I have cash buffers in place for the unpredictable then I am at peace to keep building, no pun intended :)

That equals a property spruiker in my eyes. Also the one stop shop thing can work well if all parties involved are highly ethical and experienced and how would a novice investor know this? I suspect that is their target market – novice investors!!!

I got a call from them a few years back and happened to mention I am a mortgage broker. The lady…[Read more]

That equals a property spruiker in my eyes. Also the one stop shop thing can work well if all parties involved are highly ethical and experienced and how would a novice investor know this? I suspect that is their target market – novice investors!!!

I got a call from them a few years back and happened to mention I am a mortgage broker. The lady…[Read more]

Me too haha!

Let me know if you need contacts, BAs, Property Managers, Builders, Conveyancers et.

How much is the debt on the IP?

Do you have a PPOR with debt?

Get a valuation done via a bank. Costs about $350 or if you know a Mortgage Broker they may arrange one free of charge.

The ultimate aim in my eyes is to have an asses that has the potential to increase in value and also earns an income (puts money in your pocket).

Like my accountant says, if you are paying tax it means you are earning money and there aint nothing wrong with that :)

Remember that any interest gain is taxable if it is outside and offset account. If in an offset account it is deamed as savings therefore your “return” is whatever the variable rate is. For example 4.17% variable isa 4.17% tax free savings so effectively a return in reverse :)

Remember that any interest gain is taxable if it is outside and offset account. If in an offset account your “return” is whatever the variable rate is. For example 4.17% variable is effectively a 4.17% tax free savings so effectively a return in reverse :)

Thanks Corey, sounds like Perth 1-2 years ago.

Things have calmed down here so will stick to my own patch then.

Cheers.

Whey protein powder and good clean food as much as possible.

Easily done via refinance to anther banks assuming serviceability is OK which isn’t difficult to verify in most cases.

In regards to Benny’s comment about an MB being familiar with Emerald a call to the bank you are considering (made by MB) to check any postcode restrictions would satisfy that concern.

Also another point to consider is that…[Read more]

Easily done via refinance to anther banks assuming serviceability is OK which isn’t difficult to verify in most cases.

In regards to Benny’s comment about an MB being familiar with Emerald a call to the bank you are considering (made by MB) to check any postcode restrictions.

Also another point to consider is that you will have a valuation…[Read more]

Easily done via refinance to anther banks assuming serviceability is OK which isn’t difficult to verify in most cases.

In regards to Benny’s comment about an MB being familiar with Emerald a call to the bank you are considering (made by MB) to check any postcode restrictions.

Also another point to consider is that you will have a valuation…[Read more]

Im thinking about Adelaide as well. Much in the way of subdivisions DT & Corey?