Ah I see, because previously I have been conned by JDL strategies and also almost got caught up again with the Custodians Wealth Builder.
I guess you are right guys when it comes to the free property then there is high chance that they are the scammers if they are all in one company offering one stop shop investment solution.
Because when I go to the SCAM watch page, I couldn't find anything http://www.scamwatch.gov.au/content/index.phtml/tag/InvestmentSeminarsRealEstateScams
What about using RPData ?
usually I go to the website http://www.onthehouse.com.au/ to know the rough figure and then do physical inspection of the property before making any further steps.
Portfolio PI wrote:
unless you are going to live in the property you do not get any first home buyers grants or stamp duty concessions/rebates in QLD. you would only be eligible for the $10,000 building grant if you purchased a brand new home.
it sounds like they have tried to sell you an overpriced unit and when you’ve questioned it they have…[Read more]
Jamie M wrote:
As far as IO goes, at what stage do you pay down the principle? Or is it just left IO until you sell it? Always wondered what people did and why in this situation.
As Richard mentioned above your post – you roll it over into another IO term.CheersJamie
So the IO loan has other name called Revolving line of credit ?
Reduce the repayment by switching to interest only.CheersYours in Finance
Hi Qlds007, by using IO loan for the PPOR, does that means we need to refinance it every 3 years or so when the IO promotion period ends ?
on second thought, yes you’re right Terry, it will attracts interest for the monthly payment for my existing IP monthly payment.
You saved my $5400 this time
So I’ll be hunting around in the following…[Read more]
Henry Adams replied to the topic Agency fee / commission included in the loan or pay cash ? in the forum Creative Investing 8 years, 8 months ago
Yes you are right mate, somehow the $880 is the only price that i lost so far for the lifetime registration fee.
They are only specializing in building new house in QLD area especially COOMERA. They didn’t tell me about this before until I realized that it was too late.
Ashley C wrote:
Hi Henry, be very careful of that sort of strategy. The ATO certainly does not like this sort of thing and have even published a "taxpayer alert" on one such scheme.http://law.ato.gov.au/atolaw/view.htm?docid=TPA/TA20011/NAT/ATO/00001The other factor to consider is that if using a trust to purchase a ppor then the CGT main…[Read more]
I’ve heard this strategy before in a seminar which said that the Cashflow from some of the IP can be pooled into Trust and then we buy the dream home with Trust account and then one of the Trust member “rent” the Dream home so that it can be tax deductible
Henry Adams replied to the topic Double dip “W” – Recession (the pessimists will love this !) in the forum Heads Up! 8 years, 8 months ago
yes it is sounds depressing already guys…
after reading this news in the News:
it seems that the future of the property market next year is not looking good.
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