It is possible – however it is only useful for tax purposes if their is a change of ownership as well. So you “sell” it to your spouse who borrows 105% to buy it and put the profit into your home loan.

You will incur CGT and then stamp duty on the new purpose so it may not be worthwhile.

You really need to discuss this with a savvy…[Read more]

I think it would be better to take this offline from here. Can you drop me an email please.

Happy to provide you enough info to get your plans rolling!

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…[Read more]

Why wait until the lease expires? You can always break the lease if you need to. Or is it just a handy time target?

Given you don’t wish your partner on title – can we use her income to reduce your debts?

You need to aim for a minimum 5% deposit saved over 6 months. I suggest you set yourself a goal for $10K by April 2006. Or better if you…[Read more]

You will add value by renovating. Problem is that if you don’t do most of the work yourself the cost of renovating will be high – poss too high. Every $ you spend on labour comes straight off your profit.

I would be inclined to do it yourself or consider selling them aiming for a renovator.

Maybe some REA can give you advice on what you can…[Read more]

Originally posted by resiwealth:
No way – the reason is that every body is moving to Queensland, its the best place in Australia.

Actually Bris/Gold Coast is the second fastest growing area in the WORLD.

resiwealth (no i live in Sydney)[biggrin]

Don’t they have the internet in Qld yet Phil?

Simon Macks
Residential and Commercial Finance…[Read more]

Anus,

I would be very surprised if anyone here has much Eastern European investing experience let alone Bulgarian.

Why are you considering Bulgaria? Are you from there or has someone offered you a great opportunity?

Cheers,

Simon Macks
Residential and Commercial Finance Broker

simon@mortgagehunter.com.au
0425 228 985

Comments may not be…[Read more]

Be careful about getting so negative geared that you cannot sustain it when back on your normal Australian income.

I personally would be considering more purchases however don’t see this as advice as I don’t know your situation and I am not qualified or licensed to advise!

All the best,

Simon Macks
Residential and Commercial Finance…[Read more]

The Inspector perhaps should have found the problem – but he probably didn’t take several showers and so was not in as good a position as the tenant to find it.

I usually knock on the door and speak to the tenant and neighbours about a potential property purchase – they are usually keen to have a chat I find.

The builder will have disclaimers in…[Read more]

I want to know who actually voted for it as email of the year?

Seems not all women are in favour of it?

[blush2]

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 taxation decision…[Read more]

Was that recently Terry?

I have also done it about two years ago but it is no longer available – we also used something similar to allow a father and son to buy but keeping the father off title to preserve the son’s FHOG entitlement.

Cheers,

Simon Macks
Residential and Commercial Finance Broker

simon@mortgagehunter.com.au
0425 228…[Read more]

Is the mortgage for your home or an IP?

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 taxation decision you should consult a professional adviser.

I don’t believe it is possible to have a loan secured by a third party’s property.

99% sure because there may be something out there that I haven’t heard of.

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…[Read more]

What a gorgeous little girl!

26 hours is a long slog but let’s not forget that Richmond did all the hard work 9 months ago.

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…[Read more]

Originally posted by ANUBIS:
MJA – ohmigod, that commodore is not as fully sick as your rex [wink]

My Commodore is fully sick.

Getting looked at today by Doug the mechanic, hope it will not be as sick when he is finished.

Simon Macks
Residential and Commercial Finance Broker

simon@mortgagehunter.com.au
0425 228 985

Comments may not be…[Read more]

Grossrealisation,

You are a bit wrong. In Jun 2000 an amendmnent was passed allowing IP ownership from that date.

Basically it is as I described in my earlier post.

Please go to my website under FHOG and follow the link to your state body where you will see it in black and white.

By all means ring your accountant but he will be reading from…[Read more]

I don’t disagree with what you guys propose however this is an issue for Steve and his team to comment upon.

Please discuss this issue further taking into account the following:

If we open the door to advertising – where would it end? Do you guys realise how much spam we delete every day? MLM opportunities, pyramid schemes, finance offers, two…[Read more]

Thats one path. NODOC loans can be quite cheap these days.

I can’t really give advice without more info.

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 taxation decision you…[Read more]

The mother can use a NODOC to access enough to fund the deposit and costs. The purchaser can then borrow the remainder through their own facility secured against the IP.

The advantage of this over the mother going guarantor is that it limits the mother’s risk to the funds she borrows. As guarantor she could lose everything in an extreme…[Read more]

Originally posted by Celivia:
Quacks and Lala-land dwellers.

“Rebirthing. Discovering and experiencing your past lives through guided meditation.” $300 per session (one hour).

What you’d have to do: Sit with someone and with your voice guide them into lala land. Make them think that their fantasies are real experiences from their past lives.…[Read more]

We have two cars which we need for my work and Jen’s university – she does a lot of placements and evenings now and public transport no longer suits.

Both cars came from the trading post for under $6000. A 97 Excel and a 95 Commodore wagon. The wagon is great as it fits the tools, the bikes and tows my sailing boat.

Cheers,

Simon…[Read more]