Andrew,

We have a 5.7% return.

Why is this a good buy?

Please don’t think this is an attempt to put you down – but rather an opportunity for you to educate us on the benefits of this investment!

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend…[Read more]

Simon, you can actually purchase another home to live in. You just have to decide which one you class as your PPOR and therefore CGT exempt. I’ve stated in another posting that you do not even have to make this decision until you sell, and you can work it out based on which option is best then!!

Exactly Mel. As I said the exemption can only be…[Read more]

All the positives are in black and white on their website. Great long leases, well maintained and inspected properties. Built to a standard and painted and recarpeted on expiration of the agreement – depending on the length.

The negatives that I have heard about from investors are mainly,

High management fees, this is balanced by 100%…[Read more]

http://invest.dha.gov.au/dha/html/dhaprop/invest.htm

They have a lot of info on their website. There are a lot of positives and some negatives associated with this type of investment.

As an Army Officer and Mortgage Broker I have had some experience with their system and would be happy to answer any questions either in this forum or by…[Read more]

Loyalty counts only for so much.

By all means call me for a chat and see how you feel.

But shop around and see what else is available as well.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation…[Read more]

Find another lender.

There are lenders out there who will be more receptive to your strategy.

Use a broker experienced with investors using your strategy – he/she will quickly point you towards an appropriate lender.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual…[Read more]

Kelly is correct. To take it further you can move out and rent that property for up to six years and retain exemption provided you do not purchase another home.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or…[Read more]

Karl,

Call me for a chat. I am not after stealing his deal but would rather keep any advice between the two of us.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a…[Read more]

I have bought and sold properties in the past. Looking back I realise that I would be in a much stronger position had I held.

I have now made a conscious decision as part of my strategy not to sell any properties. The exception to this would be multi dwelling developments however I would hope to retain one from a project such as this.

I think…[Read more]

There are other options available.

A friend of mine described a venture capital firm that invests money in bio tech start ups. He said the money was capital guaranteed and historically returned 20 – 30% pa.

I don’t know a lot about this and am not making any recommendations here – merely pointing out that there are lots of opportunities out…[Read more]

Never heard of them. Do you have a website I can check out?

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Some more info.

I told him I was intending ripping out and replacing the kitchen.

He said he will do the report beforehand so I could write off the residual value of that kitchen then he would pop back afterwards and update the report with the new kitchen so I could depreciate that.

He aseemed to be very keen to do his best by me.

Beware those…[Read more]

I have a 60’s property. My QS told me that if they don’t get me a refund worth at least double their fee in the first year they will refund the fee – and let me keep and use the report.

How could it not be worth it?

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual…[Read more]

I am keen to get a piece of this action Bill!

Have a great weekend!

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

That is wrong. He shouldn’t be taking his own private crusade out on your valuation.

His job is to advise on the current market valuation supported by comparable sales. If you look at a valuation you will see that it has a seperate section for market volatility. This is where he can highlight his perceived risk of an inflated market.

A…[Read more]

Steve and Sharon,

I am in Newcastle and visit clients on the Central Coast.

Please let me know if I can be of any assistance to you.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you…[Read more]

Negative gearing is the outcome when the income from your investment is exceeded by your expenses.

This shortfall may be offset against your tax.

It isn’t cheating the system.

For more information have a read of Jan Somers books.

This forum is mainly populated by folks keen on positive gearing where the investment is designed to turn a profit.…[Read more]

One of my preferred strategies is to draw a 20% deposit plus costs from your home. Split it off from your home loan so it is shown seperate on the statement.

We then borrow 80% against the new property with the same bank or a different one.

Unless you need the flexibility I am not so keen on the LOC. It costs more and is sometimes too…[Read more]

If you want to cross collaterise then you need to go through the same lender.

However I would consider another lender unless your current one is very competitive.

The way to do this is to draw 20% deposit plus costs from the current loan – may need a reval.

You then approach another lender for an 80% loan on the new property.

What are you…[Read more]

No I don’t.

It is after 9am now – a quick call to a solicitor will resolve it.

Please post your advice!

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.