Where in Newcastle are you? I am in New Lambton.

If you ever find yourself nearby give me a call and pop in for a coffee!

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

I personally agree with your mate and doubt it will add any value compared to painting.

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
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]

I used Paul Siderovski once. He quoted me $400. Billed me $1600 with no communication prior, he seemed surprised that I was surprised. When I pointed out he had missed something small he charged me $90 to fix it. This took him 2 minutes to amend as I later discovered.

I am sure he is a smart guy and a capable accountant. I just didn’t like…[Read more]

I am in NEwcastle – happy to catch up for a coffee if you like and discuss our investments!

I usually recommend a chap in Sydney to people. As far as Property Accountants go I don’t think there is such a thing. If you mean accountants who have experience in ownership structures then I can give you a couple of names if you like.

Cheers,

Simon…[Read more]

Sorry – no advertising.

Please contribute to our forum as you are obviously a fellow with a lot of knowledge.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

Originally posted by wilandel:
Hi Marty,

Sorry Simon, I think Prosolution would be hard to beat. Of course I haven’t tried yourself yet!

Prosolution operates at all times with ethics, which is rare these days. (Simon excepted)..[biggrin]

Del,

What on earth are you apologising for? I agree with everything you say!…[Read more]

Well he must be selling something?

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
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.

All other things being equal I would prefer a house for CG.

However all things are rarely equal so you will need to research well!

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

Some people manage to trade their way to greater profits coming in and out.

You know I have been through three booms since I bought my first property. Looking back my single biggest regret is that I didn’t adopt a buy and hold strategy, rather I took profits as I went but didn’t buy back in until the booms were well and truly…[Read more]

I don’t of course, however I am familiar with them and would strongly recommend them for finance.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
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]

You get the loan when you buy the property. you can apply yourself and submit it direct or through your lender.

If you haven’t lived in the property after 12 months then you must repay the money.

As the new lease has started you will be able to move in at the end and be within the 12 months.

It is definately 6 months. Whoever told you three…[Read more]

Yes. They have specialised in melbourne and do all their developments there.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
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]

Wake at 6am to see what Santa brought.

Have a huge feed for lunch and a few beers.

Play some backyard cricket.

Have a snooze on the couch.

Pretty standard stuff!

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

Originally posted by investingracer:
I heard that these units still go up in value. Probably by a small amount, but they also seem to have very good +ve gearing. And the bonus is that they are cheap with virtually no vacancies in this area.

Of course they get good rent! Purely because the purchase price is low and this is because demand is…[Read more]

This shouldn’t really even be considered as real estate. It is more like an equipment leasing enterprise.

The total price will be depreciable, but you will have no land value appreciating.

I personally would not touch these.

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425…[Read more]

You need to move in within 12 months for a period of 6 months.

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
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…[Read more]

Some points.

PPOR when rented becomes an IP. No problems there with the ATO or anyone else.

You get a 6 year CGT exemption when you start renting it. If you sell within 6 years you don’t pay tax on any profit.

If you buy another home this is then stopped as you can only have an exemption on one home at a time.

Cheers,

Simon…[Read more]

Originally posted by Jenny1:
My nephew started his business from his bedroom at 16yrs he expanded and rented a small commercial property. At 17yrs he has his own company but couldn’t be Managing Director until his 18th birthday.

His business has expanded and he moved to larger premises. He turned 18 in May has legally become Managing Director…[Read more]

A signwriter can knock you up one with your number on it for about $50. Less if you buy several.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
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]

Steve Navra is a good guy and I have done his seminar and recommend it. The fee pretty well covers his costs.

The cashbond is exactly as described but with the easing of NODOC and LODOC rules it is one avenue among many to get around lower serviceability problems.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15%…[Read more]