Kelvin

Agreed, I like the look of i. To make it simpler for yourself though, I would make the cells that are variable for the IO = to the same ones for the P&I. That way it saves inputting twice.

Fudge, you don’t need to add tax to this one – it’s just a matter of CoC Return. And tax is always different for everybody, so if you want it, it’s…[Read more]

fullout, I would get them out to the house. You might be surprised what they can pick up that you wouldn’t notice yourself. I think they need to show that they’ve been there also – my guy takes photos.

Cheers
Mel

Is that for the rat to live in the IP or with you? I doubt your tenants would be too happy if the place came complete with rats![]

Cheers
Mel

Hi Sala55

What a bugger for you!! It is my understanding that your ex wife is generally entitled to half of everything, but I could be wrong.

You did not mention what your IP was worth? I don’t think she can ‘get her hands’ on it per se, but she may be able to claim some of the equity, which would either cause you to refinance, or sell to pay…[Read more]

I’m too shy!![] I didn’t see one of you though!!!

Cheers
Mel

Shane

You do not have to live overseas to claim the PPOR as your residence for the 6 years. You just cannot claim another place. In fact, if you buy one, live in it for a year, move out and buy another one, live for a year, then buy another etc. etc. It is only when you sell it that you have to make the claim as to which one was your PPOR for…[Read more]

Thanks Poltergeist, that one worked. crashy is a handsome divil[]!!

Cheers
Mel

Poltergeist, I can’t get your link to work either. I have before, but now it loads to halfway on the bars, and does nothing.[]

Cheers
Mel

Hallo darling[] (although still waiting on Huey’s approval)

Why don’t you email some of the announcers on the radio station, or call up a DJ and ask? I listen to music, but I couldn’t tell you the name of anything, or who sings what – it’s just background for me.[]

MiniMogul should be able to help – being in the biz and all!

Cheers
Mel

Hi Dom

Banks always want to steal business from other banks! It makes their eyes light up.

You could still take one of the other properties across, and keep it as a stand alone. Just find out what deal they are offering, and see if it’s better than what you have currently, and whether or not your current bank will match it.

You could always…[Read more]

Oh thanks Lucky Phil.[][][] I think I really have gone red!![]

Poltergeist you can consider, but Paul proposed first! Huey has volunteered to check him out for me, if he doesn’t stack up, you can be next.

But first, you need to also answer the question:
‘I need to know your assets and liabilities – and that’s not just financial ones!!'[][]

Cheers
Mel

Peter

You are incorrect in your assumption that the option contract has stamp duty payable on it like a regular contract. This is one of the (only?) legal ways of being able to onsell a piece of property at some point in the future without you ever owning it, and you don’t pay stamp duty.

An option is a choice as to whether you buy or not, you…[Read more]

Fudge

I think that you should add the cost of your interest on the loan into your ‘costs’ section, and not have it calculated separately for a tax deduction, and then added back.

When you talk to the taxman, he wants to know if you made profit or loss, THEN he looks at your tax situation, not before.

Also, a realistic figure in the Income…[Read more]

Mike, for you to invest it looks like you are going to need partners. Either parents who are willing to go guarantor (and lend deposits), or money partners who will get the loans and you can split the profits, using your finding the deal as your input.

Cheers
Mel

I think Pinky has banned Arty from the modem – or put a spell on it, that’s why he needs to escape to work!!

Cheers
Mel

I think that’s a bit like saying only friend of the contestants on big brother watch and vote. Those guys must have a LOT of friends!! I haven’t seen the ratings for Idol, but I would suggest for them to drag it out so much they are good.

Cheers
Mel

Hey Porsche

The author of that article – Stuart – posts on here quite often.

Cheers
Mel

If you say so Polar. Must admit I never watched it, and didn’t remember much about the article except that they said they kissed.

I guess they weren’t like Wazza and Gav though and parade around in their undies!!! America would not cope with that!

Cheers
Mel

Ah polar. They don’t always meet the new love. It’s a matter of them having met them, but not admitting it, and the interminable wait until they finally work out they should be together. In this case – they did, and then they killed off Claire!!

I think the next story is great though. Baby gets bitten by snake, new girl who is friend of…[Read more]

Hi Dom/Cashking

It’s not just the lack of a job. It’s the fact that a LOT of your income to service your debts is rent.

We are in that position also. Some of the brokers on here may be able to give you some tips, or different banks even to get around your banks opinion.

Cheers
Mel