I agree, we all have choices.

Those who feel that they don’t have a choice are usually not happy to choose the alternatives that they feel they have.

Cheers,

Simon Macks
Interest Free Home Loan Agent
simon.macks@ifhl.com.au
0425 228 985

Please email me rather than using the PM service here.

Fully Accredited With Derivex LTD and IFHL PTY…[Read more]

Don’t confuse this with investing in real estate.

Check the company with ASIC and the ATO. Get a privateruling from them. I hada coleague who bought $30K worth based on the tax deduction and was pleased to pay no tax that year. Three years later it was dissallowed and she had to repay the tax.

Take care,

Simon Macks
Interest Free Home Loan…[Read more]

Kwilko has touched upon the crux of the problem here.

With a conventional loan you will need at least a 5% deposit. 20% would be ideal.

If the finished valuation comes up high enough you will be able to apply for a conventional loan. Do you think this will be the case?

If it does then consider http://www.homepath.com.au who offer a cheap basic…[Read more]

I was reading about “Hillchange” in the weekend paper.

Seems to be people moving inland to country towns.

Cheers,

Simon Macks
Interest Free Home Loan Agent
simon.macks@ifhl.com.au
0425 228 985

Please email me rather than using the PM service here.

Fully Accredited With Derivex LTD and IFHL PTY LTD

***Ask about our Interest Free Home…[Read more]

FHOG requirements are that you need to occupy the property for 6 moths starting within the first 12 months.

See my website for links to each state’s governing body.

Cheers,

Simon Macks
Interest Free Home Loan Agent
simon.macks@ifhl.com.au
0425 228 985

Please email me rather than using the PM service here.

Fully Accredited With Derivex LTD and…[Read more]

You can insert anything you like into a contract but remember that it must also be satisfactory to the other party or they wont countersign.

Simon Macks
Interest Free Home Loan Agent
simon.macks@ifhl.com.au
0425 228 985

Please email me rather than using the PM service here.

Fully Accredited With Derivex LTD and IFHL PTY LTD

***Ask about our…[Read more]

Increase your cashflow or forgo the opportunity?

Seems a statement of the blindingly obvious huh?

Increase the cashflow through raising rental income. Reno, change use etc

Or get a cashflow partner involved?

Or don’t buy this one – Opportunites of a lifetime come by pretty often.

Cheers,

Simon Macks
Interest Free Home Loan…[Read more]

You need to occupy it for 6 months starting within the first 12 months of ownership.

Check my website for links to the different state requirements.

Simon Macks
Interest Free Home Loan Agent
simon.macks@ifhl.com.au
0425 228 985

Please email me rather than using the PM service here.

Fully Accredited With Derivex LTD and IFHL PTY LTD

***Ask…[Read more]

They are out there but not as comon as they were a few years back.

Two main methods:

Change the usage and therefore the income

Search in areas further afield with high rental demand but less long term population – usually mining towns. Remember many believe these to be riskier in terms of CG.

Keep looking and remember the wealth cat can be…[Read more]

DD it isn’t that clear cut.

Should you believe there is strong potential in one area then perhaps it would be attractive to buy a PPOR and enjoy the CGT exemption when you makea 50% gain in a couple of years?

Just an example to get people thinking.

Simon Macks
Interest Free Home Loan Agent
simon.macks@ifhl.com.au
0425 228 985

Please email me…[Read more]

Apples,

Impossible to give specific guidance without asking further questions.

On the surface none of these things alone should stop your plans.

All the best,

Simon Macks
Interest Free Home Loan Agent
simon.macks@ifhl.com.au
0425 228 985

Please email me rather than using the PM service here.

Fully Accredited With Derivex LTD and IFHL PTY…[Read more]

Which company is that Jason?

Simon Macks
Interest Free Home Loan Agent
simon.macks@ifhl.com.au
0425 228 985

Please email me rather than using the PM service here.

Fully Accredited With Derivex LTD and IFHL PTY LTD

***Ask about our Interest Free Home Loan***

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

Do the figures on selling and then buying another property later – agents fees, Stamp Duty etc etc

You are prob looking at nearly $20 000.

I think one idea might be to target the smallest debt, wipe it out and then move up to the next one.

Pay IO on the IP loan and send all principal payments into the other debts.

Just some food for…[Read more]

You wont find a lender who will give you 100% finance for comercial property unless you have other security to offer.

Simon Macks
Interest Free Home Loan Agent
simon.macks@ifhl.com.au
0425 228 985

Please email me rather than using the PM service here.

Fully Accredited With Derivex LTD and IFHL PTY LTD

***Ask about our Interest Free Home…[Read more]

Where are you located?

Simon Macks
Interest Free Home Loan Agent
simon.macks@ifhl.com.au
0425 228 985

Please email me rather than using the PM service here.

Fully Accredited With Derivex LTD and IFHL PTY LTD

***Ask about our Interest Free Home Loan***

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

I usually recommend Nick but I see Property Guru has beaten me to it.

Kind regards,

Simon Macks
Interest Free Home Loan Agent
simon.macks@ifhl.com.au
0425 228 985

Please email me rather than using the PM service here.

Fully Accredited With Derivex LTD and IFHL PTY LTD

***Ask about our Interest Free Home Loan***

Comments may not be relevant…[Read more]

I would negotiate with the vendor for a reduction.

What does the QLD contract say? Are you in a position to call the shots? Or are you at a point where you need to settle regardless?

Keep us posted. It is a interesting dilemma that you are in and I would like to learn more aout it.

Thanks,

Simon Macks
Interest Free Home Loan…[Read more]

I am of the buy and hold school. I would prefer to keep assets and use the income to pay down the PPOR. Put all IP’s on IO and reduce the one non deductible loan first.

But why wait until the home is paid off before IP’s? That might be years away?

I see that holding a portfolio of property for the next boom (which is coming but I cannot give…[Read more]

My builder spends 2 hours inspecting and another hour showing me everything followed up with a written report – for $250.

He uses that disclaimer – he would be stupid not to.

Find a builder recomended by someone you trust and accept that disclaimers are a part of life. Even surgeons use them these days.

Simon Macks
Interest Free Home Loan…[Read more]

Buying a property seems daunting at your age. That deposit seems so huge.

Start off with smaller goals. Aim to have $5000 in a managed fund, then double it.

Soon you will have a deposit tucked away.

When you are in FT employment you can show your savings history to the lender and they will love you.

Don’t get distraced along the way by all…[Read more]