Hi MlbmSorry to hear about the breakup.As far as the Transfer document goes this is fairly straight forward and can be done under the Love and Affection clause in Qld.The loan will mean refinancing the whole loan as the property will on settlement only be in the one name so hence the loan will be in the same name and you will need to ensure you…[Read more]

You will struggle these days to have too many lending options using a PIT or Hybrid Trust structure.

They are not negotiable prices as the Developer has his margin pre-set and TIC want their fat commission.

Simple answer is NO.Any transfer of ownership will incur both Stamp Duty and if a Capital Gain has been made CGT.Hence the reason we suggest to most clients they build their portfolios using a DFT.

Also you will need to have deep pockets or plenty of equity as most lenders dont like OB and the lvr are considerably reduced.

Hi AqualifeRemember you may not be single all of your life so you need something that can adapt with you.My preference would a Discretionary Family Trust although such a structure will not assist in increasing your borrowing capacity. As a Trustee you would need to disclose all loans which you Guarantee but a DFT will provide you with good Asset P…[Read more]

$3000 is bang on Terry (No small amount to be sneezed at depending on the number of children you have) and of course if you run a small business they can be paid a nominal amount for small jobs and then claim the Superanuation co-contribution through your SMSF.My oldest 2 are 13 & 15 and have a decent Super amount to roll over to their first…[Read more]

Happy NY Ben and great start. Wow i was 21 once lolRefinancing your PPOR to release equity is going to fairly tough in the current market place as unlikely you will get more than 90% equity release and then you have LMI again on the increased amount.Using this to cover the deposit and acqusition costs is going to mean your buying is going to be…[Read more]

And i am sure if we were in the US of A this link would be relevant but as the Tax and Mortgage structure in Australia is totally different most of the points made are irrelevant and misleading.

NE i think you might want to review the amendments to beneficiary distributions for children as it still has significant benefits.Also what is say you and your wives marginal Tax rates will stay the same until the day you wish to sell the property.One of the biggest benefits of using DFT's is the flexibility both now and into the future.

Well then it is a 70% Max lend Min Loan $100K simple as that.Rate is a little higher Stock Loan was an option if you want to borrow outside FL.

If you hold unencumbered shares or managed funds we do a US Stock loan at 3.25% to 70% of value.

Can do 70% LVR in FL but minimum loan is $100,000 so min purchase price = $142 and a bit.

DenisQuick answer – Am I able to claim depreciation on a PPOR – NO not whilst it is your PPOR. When you rent it out you can.

Exactly Terry lol.

GOM i think that response means she is looking for broker of the half decade.

Wow marry you on a mission.

marry great link but your 5 years too late.

What State are what sort of purchase price ?

Which State are you looking in and what sort of purchase price ?