It is neither real estate or a property. You would get a loan similar to a car loan.

This leasing arrangement is high priced and yields well. But don’t compare it to real estate – it is a whole different ball game. Treat it as a business proposition. In that case it seems expensive to me.

Good luck

Simon Macks
Residential and Commercial…[Read more]

I don’t know where your friend gets his info from. Take any further advice with him with a grain of salt.

He is wrong in both cases.

You can offer your place to the rental market for as much as you like. The laws of supply and demand will come into effect.

However if you are claiming deductions against the property then you cannot offer it…[Read more]

Comes out every year. I reckon it is just a reminder to everyone as they do their tax.

Nothing to worry about if you are above board.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

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

It was a gamble.

If your reno is substandard you could even be asked for compensation to restore it yourself.

This is a high risk strategy as you found out.

I hope it all works out for you.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

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

Originally posted by nsellar:
was wondering if anyone has used a company called investor finance to help with investment loans and structuring of portfolio – i myself are not real sure if they are simply just a broking firm but have heard a fair bit about them recently.I live in outback SA and they are coming here soon for a information…[Read more]

Originally posted by lsn:
Just be aware there are different regulations for broking in WA than the rest of the country. They will need to have a WA Brokers licence to write your loans. Occasionally i get the odd referral from clients in Perth, but i refer them on to a WA firm for this very reason.

Regards
Colin Kidd
Loan Saver…[Read more]

I invest for long term growth. But I must also admit to owning investments that yield quite well.

But the overall aim is long term wealth creation through capital growth.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

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

Jason,

I think you read the initial post wrong. HPI is looking for a copy – not selling on.

Which Bn were you in?

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.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]

Body corp fees will cover a lot of things.

Structural insurances and PI insurance. Maintenance and repairs, running of facilities inc pools and lifts. Accounting and legal fees etc etc. Bigger complexes may even have employees.

So for a duplex if will be inexpensive but for a hirise with lifts, pool and gym etc etc it will be significantly…[Read more]

I have only ever known one proven Guru.

When my wife taught in Malaysia she had a work permit pasted into her Passport. The Malaysian word for teacher is, of course, Guru.

So she has it in her passport anytime she needs to prove her Guru status!

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228…[Read more]

Mark,

Keep sving and start looking at properties.

Contact a reputable broker who can check your CRA and advise you what impact, if any, that minor default will have.

If you don’t know anyone who can suggest a broker drop me an email and I will let you know if I know someone close to you.

Remember that everything can be done with the right…[Read more]

When you sell you need to calculate the total profit – less all costs incurred inc interest etc.

This figure is halved if you hold the land for more than 12 months.

You then add the profit to your taxable income and recalculate the total income tax paid.

There is no set figure. It all depends on your tax bracket. The profit may even push you…[Read more]

It is probably more important to have a larger deposit to make up for the damage caused by the CRA.

Have you actually seen your CRA?

Sit down with a broker or call or even email one and ask him/her to run some figures and give you some options. Things might not be a bad as they seem right now.

Cheers,

Simon Macks
Residential and Commercial…[Read more]

ADSL is his problem not yours. What will he ask for next?

He can sign a plan that gives him a very low upfront cost if that is his problem.

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

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

ADSL is his problem not yours. What will he ask for next?

He can sign a plan that gives him a very low upfront cost if that is his problem.

What will he ask you for next I wonder? where will it end?

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

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

Originally posted by d_robb21:
The 3 bedder would probably get 200, and the 2 bedder probably 170, they are about 100m from the uni so very close. The rooms can command about 120 per week, so the total for 5 rooms is around 600 per week for students vs 370 for normal tenants.

Factor in the electricity and water bills. Include the additional…[Read more]

Originally posted by kermit:
thanks for the replies, so I should check out with my lender if they are happy lending for a 1 bed aprt and minimum size they require.

Or use a broker to find out the min for all lenders.

Even if you get finance be aware that many people struggle to buy under 50sqm unless they have a large deposit. Hence when you…[Read more]

What rent would each side get on it’s own if you leased it to a normal tenant?

What rent will a room get if leased to a student fully furnished with all outgoings paid? Mine pay $100 – 120 depending on room size. My house is 400m from the uni so commands a premium.

Simon Macks
Residential and Commercial Finance…[Read more]

Originally posted by ogilvy:
http://www.strategicwealth.com.au/documents/Anamusingstory.doc

A funny but true story……..

True story?

Are you saying that you know of ten men who eat out every night and split the bill that way?

I think it is just an analogy used to justify one argument re tax cuts.

[biggrin][biggrin][biggrin]

Simon…[Read more]

http://www.metropole.com.au is the one I would use in your situation.

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.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.