[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

October 29, 2013 - 5:59 am

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. 

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

October 28, 2013 - 7:08 am

Ah cool.

Because when I go to the SCAM watch page, I couldn't find anything http://www.scamwatch.gov.au/content/index.phtml/tag/InvestmentSeminarsRealEstateScams

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

October 28, 2013 - 6:15 am

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.

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

October 28, 2013 - 6:13 am

Thank you for sharing it here Fox.

I also bit skeptical when it is coming to a property investor service to get something out of the state. Especially when it is negative geared component.

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

October 28, 2013 - 5:56 am

Exactly, so in this case just use Cash-In-Hand technique, untraceable by ATO and well proven method for majority of the land lord in overcrowded Sydney CBD apartment complex.

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

June 27, 2012 - 2:37 am

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 provided you with a better priced product. just in a bad area still!

Run Run Run is all I can say from what you have told us Henry.

Hi Mr. PI,

I’m glad that I didn’t go ahead with the JDL strategies, I did shed $880 down the drain and that was it a painful in the pocket last year.
and now with the same amount of money ~ I can buy my investment property in Strathfield (http://localvoices.realestate.com.au/strathfield-strathfield-sydney-greater-new-south-wales) all by doing my own research and God’s help

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

February 6, 2012 - 11:03 pm

Jamie M wrote:

booge 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.

Cheers

Jamie

So the IO loan has other name called Revolving line of credit ?

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

February 6, 2012 - 2:07 pm

Qlds007 wrote:

Reduce the repayment by switching to interest only.

Cheers

Yours 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 ?

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

February 4, 2012 - 12:40 pm

Hi Catalyst,

Many thanks for the suggestion and advice.
you are right it is too small and it doesn’t feels right.

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

November 30, 2011 - 4:17 am

Ah, no wonder my loan is somehow reverts back to the PI after the end of terms by default.

Thanks Terry

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

November 29, 2011 - 10:55 pm

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 URL:
http://www.ratedetective.com.au/insurance/income-protection
http://www.canstar.com.au/life-insurance/compare/income-protection-level-young-professional-male/

cheers !

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

November 29, 2011 - 10:51 pm

Wow, thanks Terry for the fast reply, it only covers $4000 limit per month with no more than 6 benefits payments per claim within 12 month period.

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

November 29, 2011 - 10:29 pm

OK, so by having the IO loan, does that means we also need to refinance it every 5 years for the better deal or just renew it again for another 5 years ?

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

November 12, 2011 - 11:44 pm

try this link mate: http://www.bantacs.com.au/tools.php

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

September 24, 2011 - 2:12 am

Gordie,

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.

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

September 13, 2011 - 11:31 pm

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/00001

The other factor to consider is that if using a trust to purchase a ppor then the CGT main residence exemption is not available.  This would generally be worth way more than the tax deductions.

“CGT main residence exemption” –> yes That does make sense because ATO knows that if someone can form a trust then they’re considered investor so no more CGT Exemptions

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

September 13, 2011 - 10:11 pm

Terry, thanks for the advice that was just the advice from the seminar that I’ve attend.
It seems that it is possible but with strict ruling.

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

September 13, 2011 - 2:24 pm

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 AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

September 12, 2011 - 12:14 am

yes it is sounds depressing already guys…

after reading this news in the News:

http://theage.domain.com.au/home-investor-centre/beware-of-the-false-profit-trap-20110909-1k0ek.html

it seems that the future of the property market next year is not looking good.

[Henry AdamsMember@henry-adamsJoin Date: 2011Post Count: 105]

September 11, 2011 - 2:31 pm

Cool,

thanks Michael for the explanation, I appreciate it.

Cheers,

Henry