I also have a rental property at Quakers Hill. Have a plan of your own.Importantly,  remember that you have one property. There are a lot of people out there with NIL. As goes for every-one's situation being much better then yours. I see Clients every day, you should here the other side. Stay strong……….. http://www.birchcorp.com.au

I had a $400k equity release settle two weeks ago….. The process is not a certainty for everyone.http://www.birchcorp.com.au

Buy one get your head around it, assess and go again, You should never take yourself to the credit limits. Where is your buffer if the market goes to shit and unemployment sky rockets? (I am not predicting this devastation, but lean on the side of conservative, and you will be able to play this game for a long time). Don't get struck out with one…[Read more]

Welcome to property!With that amount of income and deposit you sound like a conservative investor. Witrhout knowing your personal circumstances it is very difficult to assess you in a manner that would be just. Many people write on this site thinking they will get the solution to investing in a paragraph. Financial advice for the most basic of my…[Read more]

Have you taken the equity out of your property in case the market trends backwards???? Protect your assets with all the cash that is available and then invest the excess.http://www.birchcorp.com.au

Mortgage Insurance is a means to an end. All businesses have expenses – In this event your expense is the LMI.Borrow the LMI and this expense starts to look like chicken feed. e.g LMI = $3000 (interest charges = $180 p.a @6% – marginal tax rate  = 31.5% , after tax cost = $123.30 = $2.37 pw) Now if one cannot afford this money then one should n…[Read more]

Dale, Sometimes life is about making money and sometimes it is about just living for and with your family.Although investment properties on paper my slightly outweigh purchasing your own property. You have a family that must come into consideration. I like to look at both sides of any decision – the PPOR (your own house -castle) side of the…[Read more]

Why not? But always have a back up plan – "failing to plan is planning to fail" .What is your worst case scenario when property prices go south?????  i.e. What happens when the price of your investment drops by  $150k. Think not about the money you can make but the money you can lose. Plan your strategy from this point. This does not mean avoid t…[Read more]

Debt to service ratio is the common name = Total financial commitments / Gross Income x 100 = Lenders like to see desired max. at 50%. YES you are correct.As a first timer these statistics are a little irrelevant, learn some fundamentals – What you are describing above is called equity release, in principal your thoughts above are correct.  (…[Read more]

Although rates and fees influence a decision don't let them direct you into a particular bank. i.e. if you used CBA what is your loan capacity on the next investment property if you choose to use the same bank????? You will find that CBA can quickly cripple you – too conservative v other lenders.  A couple of rules to simplify all above:1. In…[Read more]

Look for the positives of your situation, can you become a partnershp at general law?  Have you created two land tax thresholds with your significant other? Trusts are good – but remember they also have a lot of negatives – loss of negative gearing, loss of land tax thresholds and acccounting and auditing of the structures. Do not get to hung up…[Read more]

Drop me a line or text at http://www.birchcorp.com.au You are after a Mortgage broker when it comes to loans, and a financial adviser when it comes to (as the title says). An accountant is not licensed for the required information you are after. we could starighten you out with a chat on the phone……. Regards

I require more detail then is possible here, drop me a line or text at http://www.birchcorp.com.au and I will be able to give you some guidance.

Everyone will have a different story to creating wealth depending on their own personal circumstances, my story is also unique, it works and is also not for everyone i.e. what is your career / employment. How much time can you devote to work and family? I can tell you my story but you trying to replicate will not work… I was a teacher for the…[Read more]

I worked inside a SMSF firm that did this, I am a Financial Planner and a Mortgage Broker. The process is easy, but is a little complicated to explain without pictures etc . The banks are on board with this space so it can all be processed well. The trust deeds and property custodian Trust are also purchased at a resonable price as opposed to e…[Read more]

I am glad we are on the same page. Cheers

How about the fact that that Yardney has buyers agents in specific areas of Sydney?????? You are either restricted to certain suburbs or the agents will be buying a property from an area they no very little knowledge about….  Choose your location first, do a little research as you have done here, then a simple pros and cons table with guidance…[Read more]

If only creating wealth was about the interest rate. Sorry it is not that simple. In who's name is the property- is a business structure appropriate?, Does your loan capitalise interest? , does yoor loan have offset account(s)?, what are the land tax consequences of your structures after further purchases, what about depreciation, CGT, and further…[Read more]

Be careful of the referrals, particularly when you are to drop names – in the planning, broking and accounting industry spotters fees are common – this may not represent quality (I understand this may not be the case above, but I like to look at all angles before posting). Richard (noted above) has done his time on this site, and is a good…[Read more]

Some say an idiot others say a genius??????Who pays for the auditing and accounting now of the trusts and I am assuming you guys are ordering a corporate trustee?????Who will absorb the losses, losses cannot be filtered through a trust????? i.e. means only positive gearing is allowed. I now some very good growth occurs in negative geared…[Read more]