That is a very expensive second hand kitchen. It must be really nice!

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 investment, financial or taxation decision you…[Read more]

Originally posted by jasevr4:
I guess I just assumed that I would be best off doing that?

Sorry, I’m still learning!

The reason is tied up with the ATO treatment of redraw.

Why don’t you research this site and find out the reason why….post it here for others.

You will learn more that way and by giving to others you will increase your own…[Read more]

If you plan to pay extra then please do so in an offset account.

Your broker can show you the tax benefits or I can explain it more.

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…[Read more]

A home might be worth considering. You only need to live there for 6 months for the FHOG and there is no min to establish it as a home for CGT exemption purposes.

You can even rent out rooms to help with the repayments whilst you live there.

I think you will find Adelaide to be one of the more affordable cities in Australia even if you can’t…[Read more]

True enough that WA and NT even parts of Qld are still strong. But the majority of property in Australia is in a slump now [biggrin]

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…[Read more]

I am the first to agree we are in a slump. I guess you think I want to talk up the market as I am in the industry? I am keen for prices to drop a bit further yet – I am a long way from being finished buying.

Just an article talking about “The Real Estate Agents” doesn’t sound like top jounalism to me lol. Can you post us a link to the article…[Read more]

Sounds like a gross generalisation to me.

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 should consult a professional adviser.

I know a commercial finance guy in Perth – drop me an email if you want to speak to him.

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]

You may mean the older archived forums?

You should be able to access everything current.

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]

David Tweed the scammer?

Is this a joke or do I have the wrong person?

http://www.smh.com.au/articles/2003/10/23/1066631570432.html?from=storyrhs

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…[Read more]

Nehal,

As we have discussed you may be better off finishing school then seeking employment before you start with your $5M deals. Perhaps a few smaller residential ones to cut your teeth on might show the lenders that you have the background to be able to successfully manage such a sum invested.

I do not mean to ridicule you or make you feel bad…[Read more]

Scott from depreciator posts here under Depreciator. He has done reports for myself and for my clients.

As your place is under two years old then do not hesitate to get it done. He also offers a iron clad guarantee that you will get more back than the cost of the report!

Cheers,

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

You can just rent it out and claim nearly all expenses on your tax – your tax agent will know exactly what to claim.

You can have a depreciation report done for about $600. This will give you more to claim – esp if the apartment is reasonably modern. Even the $600 you can claim.

I think you will find this much easier than you think.

Try to…[Read more]

Paula,

A LODOC loan is one where you don’t need to provide any income paperwork to the bank. Just sign a statement declaring what your income is each year. Sometimes they want your accountant to sign it. It was designed for self employed people who have not done their tax. Usually a max LVR of 80%

A NODOC is one step easier. You just sign a…[Read more]

I guess you have found that any property can be pos if your deposit is large enough.

The hard thing is to find a property pos geared with 100% finance.

You have plenty of deposit to use in your current property. You just need to find the one that fulfills your needs. If that is pos geared then you need to put in some hard yards to find one or…[Read more]

You can use your equity as you like.

It might not be the best strategy to use in a market that doesn’t seem to be heading upwards atm.

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…[Read more]

You can leave your home and claim it as your PPOR with a CGT exemption for 6 years. You can neg gear it during this time.

You can top the loan up but it is the purpose these funds are used for that determines deductible interest or not.

I suggest that with your plan you move and buy your next IP – draw the funds as described for a deposit and…[Read more]

Officeworks sells this neat little plastic binder with a heap of divided sections and two elastic bands holding it closed. Hard to explain but I am sure you will see what I mean next time you are in there.

One book per property per year. A seperate section for each type of document – statements, reciepts, bills etc

Is a very easy way to do it…[Read more]

Serviced apartments.

Sold with a higher yield than other residential property, but as mentioned the growth hasn’t been as good.

Lending is not as easy 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…[Read more]

By all means shop with a few brokers but don’t apply for more than one loan.

Give me a call and I will tell you which facility I would prefer – won’t be trying to poach your loan 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…[Read more]