PropertyInvesting.com | mxd | Activity https://www.propertyinvesting.com/members/mxd/activity/ Activity feed for mxd. Sun, 12 Apr 2026 13:54:40 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 b62d0618c1b7172603609d113ca9fab0 mxd replied to the topic Considering buying a Mortgage Choice Franchise, am I crazy in the forum Finance https://www.propertyinvesting.com/topic/4403630-considering-buying-a-mortgage-choice-franchise-am-i-crazy/#post-4647723 Sat, 14 May 2011 22:27:29 +0000 thanks, I thought the 2:1 was right but I thought with the new regs (no exit fees etc..) I could take the opportunity todo a 1:1 offer.

]]> f17eee74f19eee2f27a9dd7926738b5f mxd replied to the topic Considering buying a Mortgage Choice Franchise, am I crazy in the forum Finance https://www.propertyinvesting.com/topic/4403630-considering-buying-a-mortgage-choice-franchise-am-i-crazy/#post-4647720 Sat, 14 May 2011 07:42:53 +0000 Terryw wrote:
That would be coming at a premium?If you just want a loan book there are many others out there.What is the going rate?They used to sell, a few years ago, for about the annual premium. ie if the annual trails were $100,000 you could get it for $100,000.

that’s interesting, where would I look for those ?

Some appear to be at the…[Read more]

]]> 7848d1e06be972159376da37eb59c710 mxd replied to the topic Considering buying a Mortgage Choice Franchise, am I crazy in the forum Finance https://www.propertyinvesting.com/topic/4403630-considering-buying-a-mortgage-choice-franchise-am-i-crazy/#post-4647718 Sat, 14 May 2011 07:17:59 +0000 Terryw wrote:
Why buy something you can get for free?

just for the loan book, the current trailing commissions.

]]> b09fd9fcb9e13c70439bd7a7d51a1490 mxd replied to the topic Topping up loan tax deductible? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397470-topping-up-loan-tax-deductible/#post-4610092 Fri, 09 Oct 2009 04:54:58 +0000 if you do that, you could possably be hit with a CGT when you sell it, probably better not to tell anyone about the income ?

]]> 75e49e3307b008a70a16c7727aa81e5a mxd replied to the topic LOC to Pay IP Interest in the forum Help Needed! https://www.propertyinvesting.com/topic/4397307-loc-to-pay-ip-interest/#post-4609284 Mon, 28 Sep 2009 05:30:41 +0000 it feels risky,if you can pay 140K off in 12 months or so with the addition of 650 week (35K pa) then you would have you PPoR paid off in < than 2 years so I would probably not push my luck with the ATO.

]]> 3ab3a72e8e21e18dade01b6c3f0da7cc mxd replied to the topic Changing the name your property is in? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397250-changing-the-name-your-property-is-in/#post-4609081 Tue, 22 Sep 2009 23:56:31 +0000 Hi CocoI guess you are earning an income, the rent you receive, it just might not cover the expenses, you could look at you finance and change it to a interenst only loan, then that might give you an positive cashflow, income etc..Richard could assist you with the refinancing.cheersMatt

]]> 458bce0a4e6b08e55a6a9be5508135f2 mxd replied to the topic Family Trust gift or loan in the forum Help Needed! https://www.propertyinvesting.com/topic/4397299-family-trust-gift-or-loan/#post-4609255 Tue, 22 Sep 2009 07:48:14 +0000 oh Richard now your've confused me (not that that's hard :) )I thought, DFT buys houseDFT borrow 80% for IP from Bank (IO)LOC (IO) on PPoRMe Lend $ to DFT (at my LOC interest rate)DFT pays interest on Bank LoanDFT pays Interest on Loan from MeIf DFT is negativly geared, that "loss" stays in DFT to offset future $$ (I'm not trying to take this…[Read more]

]]> c25562415b2e4a439110b15d2a6e89bd mxd replied to the topic Family Trust gift or loan in the forum Help Needed! https://www.propertyinvesting.com/topic/4397299-family-trust-gift-or-loan/#post-4609252 Tue, 22 Sep 2009 01:58:45 +0000 thanks for the help again.so if I was going to mark the loan as an interest free loan then it should probably just be a gift. (e.g just put $200 as a trust expense for birthday presents, I should just say the $200 came in as a gift, that way when the trust earns $200, there is no need to pay tax and the trust can then give me the money (no tax…[Read more]

]]> 643be7100fb43317d5dc0874918f288f mxd replied to the topic Family trust, need tfn and abn ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397297-family-trust-need-tfn-and-abn/#post-4609247 Tue, 22 Sep 2009 01:47:25 +0000 thanks for that.cheersMatt

]]> b3286ebf2ea3ea6f6a647edaaa1f2bdc mxd replied to the topic Getting my PPOR ready as an IP! in the forum Help Needed! https://www.propertyinvesting.com/topic/4397258-getting-my-ppor-ready-as-an-ip/#post-4609105 Tue, 15 Sep 2009 22:45:39 +0000 you need to do the work post income producing, then you can just claim the $ to get it to the level that it was.The dishwasher, if it works you can fix when the tenant is there, the tiles could be tough to claim as an expense. If you speak to a financial advisor to ensure you get all the things done that can assist you (max loan, correct…[Read more]

]]> f2e02ebbebc6308205358a2890ed9700 mxd replied to the topic New Property Purchase but current house has to be secured... help in the forum Qlds007 wrote:George 2 out https://www.propertyinvesting.com/topic/4397202-new-property-purchase-but-current-house-has-to-be-secured-help/#post-4608859 Thu, 10 Sep 2009 21:44:05 +0000 Qlds007 wrote:
George2 out of 2 great opening contributions.

and the link doesn't work :)

]]> 5b6d38d82b5230cd4f5da2e31052c00b mxd replied to the topic 6 YR CGT PPoR Exemption Q in the forum Help Needed! https://www.propertyinvesting.com/topic/4397195-6-yr-cgt-ppor-exemption-q/#post-4608832 Wed, 09 Sep 2009 23:49:56 +0000 we don't live in different homes, we are not seperated. The link you refer to is (When your spouse or children live in a different home to you).What do I need to do get something in writing from the Tax man ?

]]> d5f40e4df0b1a64ff710cc0f422033e8 mxd replied to the topic 6 YR CGT PPoR Exemption Q in the forum Help Needed! https://www.propertyinvesting.com/topic/4397195-6-yr-cgt-ppor-exemption-q/#post-4608830 Wed, 09 Sep 2009 23:26:53 +0000 the above is only true (according to the ATO) if the properties are in joint names.I own nothing of my wifes unit and she owns nothing of my house.

]]> 0ffa3c8b17743eccaf0f9f3e292c470a mxd replied to the topic 6 YR CGT PPoR Exemption Q in the forum Help Needed! https://www.propertyinvesting.com/topic/4397195-6-yr-cgt-ppor-exemption-q/#post-4608828 Wed, 09 Sep 2009 22:52:58 +0000 Ok rang again,here's the numbers if you would like to try,132861231# (no TFN)Spoke with Greg.As I assumed the assets are in different names so they don't affect the other one. The important thing is my wifes property was not used as an income earning asset originally, it was her PPoR untill 5.5 yrs ago when we got hitched. All the examples they…[Read more]

]]> 78df1ec836bde4659ca60a31d75b6cde mxd replied to the topic 6 YR CGT PPoR Exemption Q in the forum Help Needed! https://www.propertyinvesting.com/topic/4397195-6-yr-cgt-ppor-exemption-q/#post-4608827 Wed, 09 Sep 2009 22:02:30 +0000 I will ring again, get a name etc.. :)I think the main point is each asset is in only one name so the CG Event will affect the owner of the asset. i.e if the unit was in her name and the house was in both our names, then if she claimed the PPoR on the unit we would get hit with CGT on the house.

]]> 4d955a1a6ab5baa2b87875e190a617ba mxd replied to the topic 6 YR CGT PPoR Exemption Q in the forum Help Needed! https://www.propertyinvesting.com/topic/4397195-6-yr-cgt-ppor-exemption-q/#post-4608825 Wed, 09 Sep 2009 04:24:48 +0000 Hi Kenny,thanks that's exaclty what I was meaning.

]]> 1a5b6836714a635629dfd4b2f7580c1f mxd replied to the topic 6 YR CGT PPoR Exemption Q in the forum Help Needed! https://www.propertyinvesting.com/topic/4397195-6-yr-cgt-ppor-exemption-q/#post-4608823 Wed, 09 Sep 2009 02:37:07 +0000 I will :)just thought of another option.sell the unit to the family trust, we will have a stamp duty cost but it will give me the same outcome. No Mortgage on PPoR and income producing assets in trust.mmm, might be easier to convice wife. I assume there is no arms length type stuff with family trusts ?

]]> b0bf60464c4cc7c312c2be5fe9269073 mxd replied to the topic 6 YR CGT PPoR Exemption Q in the forum Help Needed! https://www.propertyinvesting.com/topic/4397195-6-yr-cgt-ppor-exemption-q/#post-4608821 Wed, 09 Sep 2009 02:08:41 +0000 Hi Kenny,I think if my wife had 2 properties in her name then she would be hit with CGT on one of them,So what we are saying isher PPoR is A (last 5,5 years she earns income)She can sell and claim the 6 yr,My place (not in her name) is my PPoR so I can sell with no CGT.The ATO only seemed interested in whose name the assets were in and did they…[Read more]

]]> a3c198ff9f673cf82b0382e4fbc351d7 mxd replied to the topic 6 YR CGT PPoR Exemption Q in the forum Help Needed! https://www.propertyinvesting.com/topic/4397195-6-yr-cgt-ppor-exemption-q/#post-4608819 Wed, 09 Sep 2009 00:42:42 +0000 just had the call back from the ATO and my assumption was correct.We culd both sell our properties now and not pay CGT on either.As both properties are in different name and we both only hold 1 property it's all good.Now to convince the wife.1) Sell her place2) pay off mortgage of PPoR (preference would be to have the redraw still available but no…[Read more]

]]> 601a2f51859e4c3b8ce4241ea1372fbd mxd replied to the topic 6 YR CGT PPoR Exemption Q in the forum Help Needed! https://www.propertyinvesting.com/topic/4397195-6-yr-cgt-ppor-exemption-q/#post-4608818 Wed, 09 Sep 2009 00:25:42 +0000 thanks, I saw those but got even more confused,my wife and I both own 1 property each. And still live together in the property I own.I assume.If my wife sells her property, claims the 6yr rule, she wil not pay CGT.If I sell my property, I claim it as PPoR and not pay CGT. Is this true ?I have rang the ATO will let you know what they say

]]> 344e6ef1f1aad0cea06a3839a3effef9 mxd replied to the topic Buy 1 property with more equity - or buy 2 with less? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397144-buy-1-property-with-more-equity-or-buy-2-with-less/#post-4608642 Wed, 02 Sep 2009 06:26:32 +0000 Hi Les Paul,as always see a financial advisor / accountant.For me I am looking at. 1) set up a family trust, (you can't get the negative gearing benefit straight off, you coulds look at a hybrid but the tax man might not like them in the future)2) Get an interest only loan (LOC, etc..)3) You Gaurantee the loan in the family trust name4) Aim to B…[Read more]

]]> ce30046a8f184b9bcf7c9479f361a5ea mxd replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum thanks Mike, much https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/page/6/#post-4602614 Wed, 02 Sep 2009 00:56:03 +0000 thanks Mike, much appreciated for the report.thanks againMatt

]]> 289a3892d96414030a16e408d0e12622 mxd replied to the topic Need Help On First Home in the forum Help Needed! https://www.propertyinvesting.com/topic/4397092-need-help-on-first-home/#post-4608454 Thu, 27 Aug 2009 03:19:56 +0000 another option is to look at buying investment properties first. You won't get the FHOG but could be an option

]]> 85c6aa7784253a06ffe80e48f3f90283 mxd replied to the topic SMSF and borrowing for commercial property in the forum Commercial Property https://www.propertyinvesting.com/topic/4396015-smsf-and-borrowing-for-commercial-property/#post-4602847 Tue, 25 Aug 2009 11:40:56 +0000 as a side note, you should also look (your accountant should be steering your this way) at a service trust (I think that's what it's called)

]]> a1de037cebf7ba0cf63e029447d29ffd mxd replied to the topic We are looking to buy an investment property soon in Qld anyone have any tips on where to buy? and why? in the forum I am going to look at Logan, https://www.propertyinvesting.com/topic/4396805-we-are-looking-to-buy-an-investment-property-soon-in-qld-anyone-have-any-tips-on-where-to-buy-and-why/#post-4606813 Tue, 25 Aug 2009 11:28:40 +0000 I am going to look at Logan, 26 K to Bris255K medium price (http://www.domain.com.au/Public/SuburbProfile.aspx?mode=buy&suburb=Logan%20Central&postcode=4114)310 medium weekly rent ( http://www.rta.qld.gov.au/zone_files/stats_june_qtr_2009/bsd_3_brm_houses.htm)Had good capital growthI think it will continue to (close to brisbane, "bad" suburb, good…

]]> 8c87571eca133044f574c175551df437 mxd replied to the topic FREE Residex Report Australia wide in the forum General Property https://www.propertyinvesting.com/topic/4396942-free-residex-report-australia-wide/page/2/#post-4607643 Tue, 25 Aug 2009 11:19:30 +0000 Hi Richard,thanks, I saw the individual report price but wondered how mush it was for a subscription, my wifes company builds carports, decks, pergola's etc… is Australia wide so thought it could the the type of company they would consider an acceptable "subscriber", (use data for marketing campaigns etc.. ?)thanks again for all you help and…[Read more]

]]> 72741e9fa87abdfd7a6de2fddb64141b mxd replied to the topic FREE Residex Report Australia wide in the forum General Property https://www.propertyinvesting.com/topic/4396942-free-residex-report-australia-wide/page/2/#post-4607640 Tue, 25 Aug 2009 11:06:03 +0000 Hi Richard,thanks for the 2 reports, I am looking at investing and was wondring how much the residex subscription costs ? I could not find it on there site.I've been using domain suburb profile, which seems ok, even better it's free :) Is there any other freebies that people use /  know ?cheersMatt

]]> 12d247db70e28b2b64837bd02ad8398a mxd replied to the topic Family Trust silly question time. in the forum Help Needed! https://www.propertyinvesting.com/topic/4397063-family-trust-silly-question-time/#post-4608288 Mon, 24 Aug 2009 03:19:00 +0000 Hi Danthanks for that, with the Pty Ltd as a trustee, is more to the fact, that I currently have a company, but that company is trading (i.e. it's in business). I was under the impression that was not the best option for the  trustee to be a "trading" company, and I was just curious as to why.1 reason I thoght was for asset protection, but then I…[Read more]

]]> 8cc6687dcec473877079b2bdd5d2afea mxd replied to the topic Family Trust silly question time. in the forum Help Needed! https://www.propertyinvesting.com/topic/4397063-family-trust-silly-question-time/#post-4608286 Mon, 24 Aug 2009 02:13:27 +0000 thanks for that, I was going for tax losses, (e.g the "birthday" presents, the "negative" gearing on the loan).I thought there was some ruling about capital gains and capital losses.

]]> 55514055e9e21ff42d2ebe8bfd2989b4 mxd replied to the topic SMSF help and arms length question in the forum My belief, I am not an https://www.propertyinvesting.com/topic/4397062-smsf-help-and-arms-length-question/#post-4608284 Sun, 23 Aug 2009 23:56:04 +0000 My belief, I am not an accountant lawyer etc.. I have a smsf.the simple answer is no, super can buy comercial proprty (factory, etc..) that you can rent at comercial rates but not residential that you or anybody associated with you can rent.

]]> 216b05aa823e2a9dc55aa3ef5dd15619 mxd replied to the topic Claiming 50% of PPOR as IP deductions if my boyfriend moves in with me? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397037-claiming-50-of-ppor-as-ip-deductions-if-my-boyfriend-moves-in-with-me/#post-4608166 Thu, 20 Aug 2009 22:12:12 +0000 interesting, I just don't know, I wouldn't have thought so. There may be an issue if you do that and you got the fist home owners grant ?

]]> 34b385c725312a9868b8ccab9a3d7a4d mxd replied to the topic Tax implications? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397035-tax-implications-5/#post-4608145 Thu, 20 Aug 2009 22:08:28 +0000 I think it can also boil down to 1) are you improving the house to make it rentable or more rent (then I think this goes as capex) 2) if your restoring then it's an expense. So if your not advertising before the lease is up and are waiting to paint etc.. it may be considered option 1.If your moving to the house (cause it's too far away from your P…[Read more]

]]> 78fd622d01133836d3fe5595d9038958 mxd replied to the topic SMSF minimum recommended balance in the forum Help Needed! https://www.propertyinvesting.com/topic/4397030-smsf-minimum-recommended-balance/#post-4608112 Thu, 20 Aug 2009 03:00:16 +0000 it is a little bit more difficult to borrow through a super fund (the law changed 2 years ago) you are borrowing through installment warrants. It's all a bit of black magic but if you speak to an accountant or advisor they shold be able to direct you in the right direction. CBA lend to SMSF, there product is called Supergear, most/all banks will…[Read more]

]]> 1201b4b8d9cc35042642586a9eec0270 mxd replied to the topic Finding the fair value for a property in the forum you'll see a member here https://www.propertyinvesting.com/topic/4397007-finding-the-fair-value-for-a-property/#post-4608023 Thu, 20 Aug 2009 02:55:34 +0000 you'll see a member here richard@tayloredfinancialsolutions.com.au who has kindly offered to provide a report (free) of an address you send.The report will give you a value of the property (it averages out over various indicators).

]]> 820a0bbc95017fee4743110bba99f492 mxd replied to the topic which area is good to live in melbourne? in the forum Help Needed! https://www.propertyinvesting.com/topic/4396487-which-area-is-good-to-live-in-melbourne/#post-4605307 Mon, 17 Aug 2009 04:29:39 +0000 I would posably ignoe dandenong, I am not to sure what the growth will be like (high unemployment etc..)Maybe look at Seafors, that could be a bit of a hot spot for the future.

]]> e3f5b11774d5c0d2d2dd3ffaa45e49ab mxd replied to the topic HOW DO YOU VALUE THE ASKING PRICE OF A BUSINESS? in the forum Help Needed! https://www.propertyinvesting.com/topic/4396998-how-do-you-value-the-asking-price-of-a-business/#post-4607989 Mon, 17 Aug 2009 03:02:06 +0000 2 to 3 times is probably fair for same businesses but this does not appear to be making a wage, so the business is worth next to nothing, value the presses etc.. as a firesale price then ofer that (10 K)  you can ask for tax returns, is it run as a business or just a trading name. Rember there is a lease on the shop, how long has that got, any…[Read more]

]]> 2a871dccc62ba080ebf5fb6489a71598 mxd replied to the topic Interest Only vs Principal & Interest Only in the forum Finance https://www.propertyinvesting.com/topic/4396953-interest-only-vs-principal-interest-only/#post-4607778 Sun, 16 Aug 2009 23:55:05 +0000 Hiif your going OS you need to think about what is the best option, it may be better to be a non-resident in Aus (whilst OS). So I would suggest you speak to your accountant/fin advisor etc.. and lay out your plans so you can pick the best option for now and the future.cheersMatt 

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