[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

November 2, 2014 - 9:10 pm

Hi Terry

Thanks for the response. It is greatly appreciated. As this is a PPOR i has not put much thought into the structure as i would of had it been a IP but just goes to show you need just as much thought.

Regards

Neil Harrison

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

November 1, 2014 - 7:50 am

Hi Richard

True, I have two weeks before settlement so hard to change things now but out of interest and curiosity what would be the other options? Are there better options and if so why / what makes them better?

Regards

Neil

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

October 31, 2014 - 11:09 am

Hi Richard

Am unsure i fully understand your comment. The only two options are Joint Tenant or Tenant in Common neither of which have been chosen yet so unsure why it’s too late now?

Regards

Neil

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

October 29, 2014 - 9:13 pm

Hi Catalyst

Thanks for the response. I was not aware the % was not adjustable so thanks for the heads up. Is there any thing else you can think of that I may be missing? Pros and Cons between each one?

Thanks

Neil

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

June 3, 2014 - 9:32 pm

Also, is it 30 business days or 30 calendar days? If so would option for 45 days be better?

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

June 3, 2014 - 9:26 pm

Hi Richard

Thanks for the comments, can I presume that the 30 day settlement puts more pressure on the Solicitor than the bank / mortgage provider? If so have you got any recommendations regarding solicitors. I am based on the Sunshine Coast but don’t think that’s much of an Issue if they are not or is it? Is a finance clause at 21 days sufficient?

Regards

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

June 3, 2014 - 9:16 pm

Hi Jamie

Have yet to speak to him about it. Only just seen the house so thought id do some digging around this evening before I spoke with him tomorrow. Having said that I also spoke with you some time back regarding a mortgage and you somehow slipped my mind so could also deal with you :)

So i am correct in saying then that the 30 days kicks in when contracts are exchanged?

Regards

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

January 6, 2014 - 10:12 pm

Hi Richard

Have dropped you an e-mail

Thanks

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

January 6, 2014 - 10:14 am

Hi Terry

Sadly face to face would be somewhat difficult. I am currently based on the Sunshine Coast. Do you have anyone local that you could suggest. Am also looking for someone to deal with long term as i get more involved in SMSF / Property Purchasing / Trusts ect

Regards

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

January 6, 2014 - 3:41 am

Hi Terry

Thanks for the response. I do indeed have children. I would want all to go to my wife or visa versa however if something were to happen to either of us split 50/50 between my two kids. Is this something that can be done over the phone with yourself ?

Regards

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

December 3, 2013 - 10:05 am

Hi Jamie

I also agree with your statement but think my final plan will be too pronged. I think i am leaning towards buying new builds as part of the long term property plan and older properties with renovation potential in the short term. Ideally looking for properties that will allow for some profit after a renovation but ideally subdivision would be the best result out of these purchases. 

Regards

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

December 3, 2013 - 10:02 am

Hi Jimmy

Thanks too for your input. As stated above i agree with Mark from an investment point that there are more pro's for a new build but like you I will more than likely purchase an older house for our PPOR as will give us more flexibility with regards to expansion / renovation / subdivision

Regards

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

December 3, 2013 - 9:59 am

Mark,

Thank you so much for the very detailed response. Put things in a much clearer format for me to understand. At this point i think the New build offers more pro's and will more likely be my starting point. I may still consider an older property later on as my PPOR as looking for something i can stamp with my own identity and grow into, also gives me more flexibility with regards to expansion as the family grows. Was also unaware that only the land component has stamp duty applied if it's a new plot / plan / build

Regards

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

November 6, 2013 - 10:38 pm

Having just moved up here from Brisbane i can voice my opinion for the volume of housing here. Took us six weeks to get something and around 15 applications where we were often 1 out of 10 people viewing. Getting very tight up here!!

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

November 6, 2013 - 10:35 pm

Hi Terry

Thanks for the response. All makes sense now

Regards

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

November 6, 2013 - 10:34 pm

Hi Richard

Thanks for the response. I have spoken with you a few times before with regards to serviceability so i already know my limit. Was wondering if there was a way to increase it by not including her but did not realize they would increase my dependents by 1

Thanks for the assistance

Regards

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

February 1, 2013 - 3:52 am

Hi Nigel

Thanks for the heads up

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

February 1, 2013 - 3:49 am

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

February 1, 2013 - 3:47 am

Hi Jamie

Thanks, had seem him around here before so will get in contact with him

Regards

[neilharrison_253Participant@neilharrison_253Join Date: 2013Post Count: 33]

January 31, 2013 - 11:56 pm

Hi Richard

Thanks very much for the heads up. As i mentioned further up the chain i am now considering tackling this from a different perspective. Possibly along the lines of Buying some land, building a PPOR so as to benefit from the FHOG of $15K (too great to ignore). Possibly structure the loan as an interest only with offset account. Pay all we can into offset account and once we get sufficient capital together purchase an investment property for the sole purpose of student let. That way around we have a normal house with multiple bedrooms / bathrooms, single kitchen however possibly higher rental income as will let furnished rooms individually. May possibly book some time with you as would like to get a feel for the best way to do this as this will be our first purchase and would be the starting point for any future purchases

Regards

Neil