You need to get yourselves onto a good broker as fast as you can.

Don’t do the running around yourself as you will become frustrated. There is a lender out there for you – let a professional show you the way.

Your incomeand equity are sufficient and with your equity you may be able to avoid the Mortgage Insurers so I think it is doable.

All…[Read more]

One year intensive accounting study………

You are a better man than I Terry if you can face that [blink]

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]

Jaime,

What do you hope to achieve by investing together?

Why are you doing it?

It may sound like a great idea today but as others have mentioned it can get untidy in the future.

I would prefer to do a project with others for a short term deal with clearly defined goals and an exit plan. Perhaps a buy – reno-sell or build and sell.

All the…[Read more]

What lender and why did he suggest that one?

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 Loan***

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

http://www.abio.org.au/ABIOWeb/abiowebsite.nsf

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 Loan***

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

Originally posted by unannounced:
Completely irrelivant, taking stabs in the dark here.

Im wondering if anyone here is a bit of a health freak and knows of a good Exercise/Health Forum around the place similar to Property Investing?

I’ve got a couple of questions about metabolism that I can’t really find through google.

Drop me an email. My…[Read more]

I have heard that Homepath are slow and frustrate many people with their service up to settlement however I have heard no complaints with their service post settlement.

If you want a stripped down product then it may well suit.

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

Please email me rather than using the…[Read more]

The answer for the student will be no I suspect.

I suggest you contact the ATO then request a private ruling on it.

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]

Each lot of borrowing is determined as a new loan.

Even a redraw is treated this way.

The purpose of the loan/redraw determines the deductibility.

I suggest you sek professional advice.

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…[Read more]

Except of course that if you use the extra money for non income producing purposes yo will not be able to claim the interest on this component on your tax.

I would recommend having a split on the loan to show the different loan amounts – certainly your accountant will thank you for it.

Cheers,

Simon Macks
Interest Free Home Loan…[Read more]

You should disclose it to the lender, especially if you wish to do more than one.

You will need a wrap friendly lender and a wrap experienced broker. Someone here should be able to make a recommendation.

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…[Read more]

My solicitor forgot to get the rental paid in advance. Lucky the vendor was nice and paid as they didn’t have to.

I would be very cross witth your solicitor and perhaps consider getting another on board. I would imagine $10 000 would be a small price to pay to avoid being taken to court in a small town country like NZ.

It is a shame when you…[Read more]

A better idea might be to raise your current home loan by enough for a 20% deposit and purchase costs. Have them show this as a split so you can track the two amounts and pay them seperately.

Then aply for a fresh loan for the new place with a 20% deposit. This will avoid LMI and cross collaterisation.

Any broker worth his salt can achieve…[Read more]

I agree gatsby – funny thing it seemed to come at the right time for me too.

I usually disregard these American stories but this one struck a chord with me.

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]

This thread doesn’t apear to be of any further use to Sonja so I am locking it off.

How about you two take it behind the online equivalent of the bike sheds like we did back at school. Have it out, shake hands and move on!

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

Please email me rather than using the PM…[Read more]

Contact another broker to double check the deal he has offered.

Plenty here on the forum who will be honest with you.

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 LTD

***Ask about our Interest…[Read more]

Stargazer,

They are no tighter than other lenders, in fact in some areas I would consider them to have relaxed normal lending practices a surprising amount.

If you are refinancing a current debt and income levels are unchanged then the process is almost automatic.

Kind regards,

Simon Macks
Interest Free Home Loan…[Read more]

Great post Purple.

Anne, Factor in all the selling costs inc CGT. You might find selling becoming less and less attractive.

Perhaps an answer is building the portfolio further?

I believe there to be a lot of positives to ACT property and I personally wouldn’t be rushing out selling.

All the best,

Simon Macks
Interest Free Home Loan…[Read more]

There is a Caveat Emptor section over at somersoft. Be prepared to have your proposal examined pretty closely. They expect the story to be posted not just an invite for expressions of interest

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…[Read more]

So don’t get married Rob. Express your love any way you feel as long as it isn’t illegal or doesn’t frighten the horses.

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…[Read more]