Barlow refinancing to > 80% is not necessarily a bad thing as LMI may well be Tax deductible.

I would be getting your Broker to order a valuation on the property and then you can have a look at your options.

Depending on the rate of interest being charged on the car loan you might want to incorporate the car loan into the refinance and then…[Read more]

Barlow refinancing to > 80% is not necessarily a bad thing as LMI may well be Tax deductible.

I would be getting your Broker to order a valuation on the property and then you can have a look at your options.

Depending on the rate of interest being charged on the car loan you might want to incorporate the car loan into the refinance and then…[Read more]

If you are talking about a physical Title Deed itself then maybe consider a Bank safety deposit box.

More and more States are going down the electronic route so hopefully won’t be an issue much longer.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Jessica, you are buying a residential property and therefore irrespective of the valuation a lender will only lend against the purchase price or valuation whichever is the lower.

The exception comes with an off the plan property with a contract dated > 12 months ago and a related party transfer.

Don’t waste time trying to convince a valuer. He…[Read more]

TNG, Barlow mentioned he had 100K of equity not accessible equity. There is a big difference.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

However any costs incurred as a result of the financing of the property such as LMI, Bank application fees etc or legal fees charged for proving advice in relation to the mortgage documents are deductible.

Be surprised how many buyers do not claim these costs. Course they have to be claimed over the correct term.

Cheers

Yours in Finance
0-40…[Read more]

Hi Barlow

Firstly welcome to the forum and I hope you enjoy your time with us.

I wrote an API article some 10 years about goal setting and the same points I made then are still as true today.

If you would like a copy of our 4 step property program flyer on how to turbo charge your portfolio let us know and I can email it to you.

In essence…[Read more]

Hi Barlow

Firstly welcome to the forum and I hope you enjoy your time with us.

I wrong an API article some 10 years about goal setting and the same points I made then are still as true today.

If you would like a copy of our 4 step property program flyer on how to turbo charge your portfolio let us know and I can email it to you.

In essence…[Read more]

PK No special form required.

The loss will be carried forward and reflect in your Tax Return.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Hi Kavi

Sorry I am not as bullish as Kate appears to be.

Depending on the loan to valuation ratio this may or may not be acceptable to a mortgage insurer.

As far as the FHOG the OSR site states:

Checking your eligibility is your first step in the FHOG application process.

Your answers to seven checklist questions on the Application for First…[Read more]

Hi Start

Given you are looking more for capital growth in order to realise the profit for your PPOR rather than build a long term rental stream i don’t see an issue in utilsing the equity in your PPOR for this.

Structured correctly the rate of interest should be fairly sharp and you should be able to limit the amount of CGT…[Read more]

Hi Anjana

As Jamie mentioned you don’t necessarily need to be in the same town or state as your Broker and in fact more and more of our applications are done via email, skype etc.

If you do need someone local Jacqui (JacM) my partner is Melbourne based and has a healthy investment portfolio.

She is always up for a chat.

Cheers

Yours in…[Read more]

At 55 years of age i am not sure i would be borrowing in your own personal name.

You could look to make a non concessional contribution to your Super fund and then look at a transition to retirement pension.

Doesn’t mean you have to stop work or cease earning an income and may still be able to retain your Centrelink benefits.

A good…[Read more]

There are a few other points investors need to consider in regards to LMI but one worth mentioning is that where the premium was charged as a result of investment borrowings the premium becomes a Tax deductible expense.

The cost can be written off over a 5 year period or the term of the loan whichever is the lesser with the first year…[Read more]

Yes depends on the lender and the loan to valuation.

Over 80% and the odd lender might squirm abit.

Course being an OTP purchase you might find that the valuation is greater than the purchase price and you can use that to reduce the lvr..

Cheers

Yours in Finance
0-40 Properties in a decade, Ask me how.

Yes depends on the lender and the loan to valuation.

Over 80% and the odd lender might squirm abit.

Course being an OTP purchase might find that the valuation is > purchase price and you can use that to reduce the lvr down.

Cheers

Yours in Finance
0-40 Properties in a decade, Ask me how.

Chriss

Subject to the number of units on the block 90% of land and 90% of ongoing construction cost.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Sorry i have to disagree 90% lend on $1M on 3 Townhouses would be doable subject to a few other considerations.

The previous posters have commented on GR lending which is not applicable in this case as you will be working on a percentage of cost price.

In saying this you need to be careful of the land value when you start off as the house will…[Read more]

To 2 Post Cheyne,

No-one said I was. Do you have all of yours unencumbered ? No i thought not.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Although you always cringe when someone mentions those 2 magic sentences.

1. I am flying up for the weekend.
2. House & Land package.

Cheers

Yours in Finance
0-40 properties in a decade.Ask me how.