Ask for the 10% guarantee in writing, I would like to see that, as a matter of fact, if he gives this to you, please let us all know. A $1Mil property will gain $100k this year, his $45k fee is peanuts. i.e. $55k profit in the first year and $100k thereafter………….. Please tell me this guy is real!!!!!!!!!!!And if the guarantee is not real…[Read more]

I am always up for a conversation on property / investments and the like, http://www.birchcorp.com.au

Many banks offer more than offset account, some you have to pay, others it is a part of the package. I am not sure if you will need to change your loan – as I do not know your bank and product you have.http://www.birchcorp.com.au

Your right, Leigh it is…. just curious.Dan, On another topic- read my letter on the thread "Advice needed about bank fees" What is your thoughts? as I mentioned earlier, I am off for a swim now, but I would like to here from you in regards to this……… Please criticise/ breakdown as appropriate….. Thank you in…[Read more]

As mentioned above, I would not give advice making assumptions – I wrote:  "but I have not the four hours to clarify all the assumptions"  The point that everyone is completely different, is clear to me, that is why I stated in an earlier post people cannot plaster items such as "go getters" and/or "cautious and like to sleep at night",  you must…[Read more]

This is a critical argument to the whole banking and finance,  and the Mum and  Dad mortgage situation in Australia that is often misguided with fear comments. It is important to understand that the common belief of our parents are not exactly correct.It is definitely not coffee talking……. but a defense on an important issue that requires ad…[Read more]

WJ Hooker wrote:
Agree with all,                         As stated its a matter of Horses for Courses. If you are a go getter then go interest only and max out – hope that capital gains brings in the big bucks.If you are cautious and like to sleep at night then go P + I and make some slow gains.There is no correct answer, its easy to be correct…[Read more]

Steve,Sit down with someone who has done this, ask their story from start to finish. Take on board what you like and discard the rest.The best gains will be made by someone who will be able to mentor you over a long period of time- for that you will pay big dollars unless you consult an intelligent Mortgage Broker who will be paid a trail on your…[Read more]

I purchased my third property on a credit card, You must assess your own situation carefully….I bought a $200K property that is now worth $435K, The interest repayments on the card were minimal compared to the outcome, and this did not have a significant bearing on serviceability (you must have this calculated).The key to any property i…[Read more]

I am with Richard on this one…………I have listed the two important points for you to consider (both of which suggest your solicitor is wrong):All applicants and/or their spouse/de facto have not owned a residential property, jointly, separately or with some other person, in any State or Territory of Australia before 1 July 2000.All…[Read more]

I do this often,Just set up several offset accounts. The offset account A may be for the investment related acquisition. The ATO is real…….. Comments from above, You must have an income for the interest to be tax deductible. If NWS does not distribute a dividend then interest is not deductible that that financial year but may increase the cos…[Read more]

Yes I do,Brendan painted my entire external home (brick) for three thousand one hundred and fifty dollars (He provided the paint and spent over two weeks, two coats, windows, doors and no more gaps where appropriate). My home is two stories on the side.refer to http://www.birchcorp.com.au under asociates and articles for his details. I have nil ties wi…[Read more]

Hi 642 Pete,I own several homes in the Blue Mountains, from my experience the Blue Mountains council is very conservative in terms of dual occupation. Although they have permitted in the past, you are not likely to get this passed in more recent times. This is majorly due to the restrictions on hard surface area vs lot size. If dual occ…[Read more]

Ryan,….and the exit strategy for buying a "whole bunch of cheap" is what (particularly if the property market trends south and you have purchased a whole bunch)? Is that cheap, as in nil growth -cheap. Oh that is right, all properties are the same and grow equally, as you mentioned in another response this morning.You may need to back up your r…[Read more]

As above, thank you for clearing this up……Lets look at how we all make generalisations: The positive geared people can make $2300 p.a. per property (sometimes less, sometimes more), WOW! what a tough way to earn $2300. Twenty properties later you can have an income of $46K (sorry, less your 31.5%).  BUT, they make nil growth.The negative…[Read more]

You have a lot of opportunity. You are in a nice position. It may be worth your while sitting down with someone to start learning and learning well. A several paragraph response should not be enough to outline /plan your future. I know Richard who often responds on this site is in QLD. http://www.birchcorp.com.au

What will be the value of each duplex? The rental yield, although fine, does not warrant all the work?This is only a numbers opinion (removing your heart out of the equation).Yes, all loans in your case should be interest only, particularly as you have discussed a property portfolio in the future.http://www.birchcorp.com.au

Terryw, There was a large advertisement after your comment, it was plastered on most topics earlier today. Selling cash flow properties and had nothing to do with any questions being asked…. hence the commentSorry to offend, I will have to write this over about six discussion topics if he removed them all…..http://www.birchcorp.com.au

Echelon6,I can only write and fill you in with a limited amount of knowledge on this website. I am happy for you to visit my office to give you an insight into property investing. You will require about three hours…..As you have so much to learn this may be a good option, then you can come back to this and other sites to fill in the gaps and get…[Read more]

As stated above it can be done, taking into consideration CGT (where applicable) and stamp duty.Further, you have to consider Part IVA of the ITAA, (an arrangement set up for a tax benefit). You may require a private tax ruling, in any event you will need a good reason such as "asset protection as your spouse has a job where they may be su…[Read more]