You will be able to reduce by 50% as you held it for over 12 months.

In addition there are other costs which you will be able to subtract from your profit before you are taxed on it. Buying and selling costs are some. Capital improvements a another.

I suggest you use a tax expert when you do your return to maximise your…[Read more]

Originally posted by Celivia:
Welcome back, Bill!
It would be good if more “Oldies” came back, like Jetdollars and SIS, Rugbyfan, and Melbear.

Celivia

I think JEt and SIS are focussing on share investing and you might find them frequenting Australian Share Forums these days.

Cheers,

Simon Macks
Residential and Commercial Finance…[Read more]

The answer is either/both.

You do need to wait until the new total loan size is less than 80% of the properties valuation. This can increase to 95% if you are willing to pay the LMI.

I have had some success recently with refinancing property loans to a pet lender on the basis that they only get the new deal if “their inhouse valuation” comes up…[Read more]

Welcome back Bill.

Why don’t you tell us some more about this fantastic deal?

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]

If the bank valuation supports the new value or you have paid enough off then yes it can be done.

You will need to push it with most lenders though and maybe even need to invoke the name of the ombudsman!

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228…[Read more]

You really need to discuss this with a broker or lender – is difficult to do anything online like this.

If your parents are willing to help a lot then it might be easier.

Also depends on what the prices are of the sort of property you are interested in.

So many variables!

Cheers,

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

Would be a courageous man who tries to get you I think.

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.

e-choice are Mortgage Brokers according to their website. They don’t lend their own money just help you find a loan. They are paid a fee by the lender for bringing your loan in, that’s how they make their money.

There are many brokers out there of varying levels of competence. It is best to use a referral from someone you trust when trying to…[Read more]

If you are both entitled and not married or de facto then you can both use it.

Not for the same property though.

You will also need to ensure that neither of you are on the other’s title. So one property each is the answer.

Cheers,

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

Gross my old friend, every now and then I just cannot pick up on what you are trying to say.

Can I have a little more info please?

Ta

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]

Perhaps he knows someone that might like to rent it?

Sounds like a terrible problem and not one I would wish on anyone.

All the best,

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]

Jay,

There are a number of advantages to either method.

With your personal feelings I think you would prefer to buy a PPOR first. I think this is what I would do too.

This can be a great tax exempt investment – often PPORs do better than IP’s – I think this is because they are bought in nicer areas and maintained with more pride…but I am not…[Read more]

Thanks for sharing that Hihopes – is always good to hear other’s experiences.

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]

Originally posted by clones:
I think the clowns are others.

Have Mortgage Hunter and Dazzling ever stopped talking the property market up without any real fact. Any comment in this forum about something wrong with the IP market is just wrong and based on their comments all the market is rose colour.

Keep believing it mate.

Clones

I am…[Read more]

Your idea of a good location sounds correct from a vacancy perspective. Howewer for growth you should consider more middle class areas with a high proportion of home owners. These suburbs are desireable and people pay to get into them.

You are learning every day that you do something.

Cheers,

Simon Macks
Residential and Commercial Finance…[Read more]

You don’t need to sell in order to lock in a current valuation and use of the profits either.

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…[Read more]

Defence bases have dissappeared – there are a whole lot less now than there were when I first joined up!

One area of real concern is the lack of flexibility with the lease – if you sell then you need to sell only to an investor. This market usually does not fall in love with a property and does not make offers based on emotion. What I am saying…[Read more]

What would they be worth individually?

This is a guideline as they are not individually strata’d and it would cost more to do so. Be careful he isn’t pricing them for sale like this.

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…[Read more]

I would ask that you post your opinions in a less inflammatory manner.

I take it that Foundations claims offended you for some reason? I am not sure why but you asked for proof in quite an unpleasant manner.

You are welcome to write whatever you like but unless you do so in a less offensive way your posts will be moderated. We have been having…[Read more]

Welcome and I hope to see you post more!

Most people start with residential property – it is cheaper and simpler to get started in.

You may also choose whether to start with an IP or a home and enjoy the FHO benefits.

You need to aim for a 5-20% deposit, so at this stage I would urge you to keep saving and study your chosen area until you know…[Read more]