Originally posted by foundation:
everything he wrote

Nearly fell off my chair laughing as I started to read the post

Seals139

Here is a start – did not leave in the totals

Address
Purchase Price
Mkt Value
LOC Value
Mortgage Value
PI or IO
Rate
Int PM
Int PA
Rates PA
Ins PA
Body Corp Exps
Maint
Other Exps
Rent PW
Pent…[Read more]

Kuade

The property is what you would call a secondary property. Its location quite often means that its price is discounted.

1) If you buy it, remember that when you sell it, it will be harder to sell, and the price will also be discounted.

2) If you really want it make a hugely lowball offer.

3) Its location can affect whether you get a…[Read more]

Originally posted by The Contrarian:
I understand that no-one is able to give any specific advice etc,
but would anyone have good suggestions to fund their retirement?

I’ve heard that (as crazy as it sounds) they can draw an equity loan from an IP upto $1500 per month as one way to receive tax free money and still receive the aged…[Read more]

As Richard said there are quite a few that do it. Suggest your bank that holds your current portfolio, would be more than happy to help.

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

Change accountant quickly

Get a proper depreciation schedule done by a quantity surveyor, as accountants quite often are conservative, due to the tax department not recognising them as suitably qualified to assess all items.

For example an accountant can not estimate depreciation for construction costs.

If a construction – builder will supply…[Read more]

Michael

Having a car lease as part of pre tax dollars is nothing really special since FBT came in. It is only a slight advantage.

The real advantage is being able to claim all the expenses like petrol, reg, insurance from pre tax dollars. So keep it going I suggest, but it may depend on you tax bracket.

One thing I did do was have my wife buy a…[Read more]

lburcham

Just be aware – your mortage broker mentioned 2 years, but as Terry mentioned, its more like 7 years before you wont have any difificulty, or pay higher rates.

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

I would suggest you find 3 local strata managers and ask one of them if you can get a copy of the rules etc. The regulations may give you something that will allow you to find out what is happening. Also find out how much they charge and what they provide for that – Only tell one of them your problem, as you want biased and unbiased…[Read more]

You can get real estate agents to act on your behalf to purchase.

You can use a company trust structure to purchase and ask the RE agent to make sure that your name is not on the contract anywhere. The biggest problem is the address, so you would need to register at a family members address.

If you already have a company trust structure, a…[Read more]

Will just add

Originally posted by as41:
WOuld you leave 20% deposit in it or go the full up to 5% only?

For a refinance you cant get to 95% with the two main insurers, and get money out, even though for one their guidelines say they will. If you go outside of them, then the rates will rise significantly. Obviously your strategy will determine…[Read more]

I like the offer side of it.

You could do some due diligence and prove that all units may rise in value if they were gone. If so maybe some of the other owners would join you to make the offer. Call it the Neighbours From Hell JV

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

arrowsmith

You are trying to look into it too deeply.

Your figures already prove that buying you own home is not a good investment in your eyes.

Most don’t buy a home for that reason. To some it is a forced way to save. To others it is emotional.

If buying an investment property, then you must include rent. Do you get a better return than the…[Read more]

Hope this helps

It is a misconception that a Trust can pass back losses.

A trust can not pass through losses EVER, therefore a trust with a negative geared property can not pass through the loss where interest is higher than rent.

To get around the problem, you use a unit trust/hybrid trust.

The lender, lends the money to the person who will…[Read more]

Originally posted by Nathan Danker:
Hi

I believe that people are just better off remaining with their spouses in the first place, thus saving that headache.

Question: Is it true that in life we are going to have problems whatever we do in life?

Sooner or later we always want someone to be there, and it’s just as easy to remain with our…[Read more]

you need to find out what your PPOR is worth.

Get 3 real estate agents around to give you an idea of how much you could get if you sold.

Now the price by them may be inflated, but the advice is free, whereas a valuer would cost.

go to realestate.com.au and look at Sales – find comparables for you area and house. That will also help.

Depending…[Read more]

The trust owns the property. What you do with beneficiaries or trustees does not affect who owns the property, and therefore there are no stamp duty issues.

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

Is this rural residential? If so I can get you a 90% LVR is you want.

I will PM you.

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

even my own companies are owned by trusts

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

Good advice there from Simon

just add the preferred way is to say the money within a mortgage, as it is more tax effective.

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

Just add – In todays market where deals come and go very quickly, having access to readily available cash can help.

HSBC in the worlds largest bank. Any better or any worse than any other bank? all different and all the same in their own ways

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au