I think you mean property ladder ?

This is a very valuable thread.  A tidy package of "what on earth can a smsf do and not do", and with Terry, Michael and Richard all pitching in their knowledge

I would be very wary of a financial planner that did not already know the rules surrounding the topic of renovating inside a SMSF without having to go away and research it. 

As the boys have mentioned, your SMSF cannot borrow money to do a reno.  So if your SMSF has money in its bank account, great.  You do of course need to ask yourself if this…[Read more]

Hi Terry, do you mean SMSFR 2012/1 as per here?

http://www.ato.gov.au/content/00320475.htm

Costs are claimable from when the property is advertised for rent. Keep a record of the gumtree ad…

From the ATO website:
"You can claim expenses relating to your rental property but only for the period your property was rented or available for rent, for example, advertised for rent"

http://www.ato.gov.au/content/00313893.htm

Hi there,

The rear pages of the Australian Property Investor Magazine has stats which include vacancy rates.  http://www.sqmresearch.com.au also offers free vacancy rate charts. Also you can watch the rent pages for your target suburb on http://www.realestate.com.au.  Note down what is for rent and see how long it takes the ad to disappear (meaning the place…[Read more]

There are three very highly respected mortgage brokers on these forums that would sort this out for you in a heartbeat.  Pick one and give them a call.  Userids are Jamie M, Qlds007 and Terryw

PrimePropertyInvestor wrote:
property leather

?

Yep get an awesome broker on board.  Pick from any of the following three gun mortgage brokers on these forums.  Their userids are Qlds007, Jamie M and Terryw.

Nice one Freckle, useful stuff! 

Hi Yoly

Nobody but you can decide where to buy.

Some people are capital growth buyers (buy, hope that the value will increase).  Some people are cashflow buyers (buy property that fetches rent sufficient to cover the mortgage and bills).  Some people expect their properties to be a balance between the two. 

The general things to think about…[Read more]

PrimePropertyInvestor wrote:
property leather

?

Noooo you do not want to sink your $200k into a giant deposit on one house.  You can purchase 4 or 5 houses with that my friend. 

Get in touch with any of the following brokers that frequent these forums and they will explain why.  Qlds007, Terryw, Jamie M.

diluca you are very lucky, you have responses from two awesome brokers now, Jamie and Richard

Oh my, you learn something new every day.  Nice one boys!  I like it!

I too have been inheriting lots of cashola from long lost relatives lately.  I hadn't realised I was related to so many wealthy Nigerian bankers.  Odd… pity it isn't true… perhaps then I wouldn't be blessed with such pasty white skin!

Jamie M wrote:
Yep st george.

cheers

Jamie

Oh of course!  So what is the purpose of a large STG portfolio??  Puzzled.  I understand the logic behind a large loan with a spread, unsure if I agree with it, but I understand the logic.  But why St George specifically?

EW wrote:
"loan is structured correctly to maximise your future deductibility."

can someone explain to me what is loan structure means ?

As an example, you will want to work out :

– Whether it is best to buy the property in your own name, or under a trust structure (or other setup) .

– How the assets you already have can be utilised…[Read more]

Be sure in your own mind that there are recent comparible sales at different addresses for around the same price.

Good luck

Hi diluca

Jamie Moore, who responded to you above, is a very well respected broker on these forums.  You have a great opportunity to leapfrog your financial position.  If you have the right people on your team the results will be awesome.  Get the wrong people and the results will be paltry.  Why not give Jamie a buzz to discuss.