Totally agree they certainly do exist even in SE Qld.Purchased a nice little block of 3 units only a week ago and when we have finished they will be very very positive cash flow and thats here in Brisbane.

JasSorry dont want to be picky but we want to utilise her available equity to improve her position for retirement.This statement probably need more explanation that you may care to give on a public forum so feel free to email me if you need to. I am just trying to get a grasp on what the acquisition exercise needs to achieve as the resultant…[Read more]

JasThere are a couple of way this can be done but more importantly can i ask you why you need to do it.Assuming you are working and have a taxable income you will also have rent from the property you are looking to purchase.Is it a matter of having other liabilities than reduce your borrowing capacity ?As i say there are a couple of ways to…[Read more]

Deposit the funds in a nice high interest bearing account.

TinaCGT is merely a cost of investing. Remember if you do it regularly enough and it is treated as a business then you are not liable for CGT but it is considered Trading Profit and the tax rate could be reduced depending on the entity you use to acquire it. By utilising a DFT as the purchasing entity you can at least have some flexibility in dei…[Read more]

RudiIf you would look down to the northern tip of the Gold Coast I can certainly recommend to you the best Accountant going around.Steve Hodgkinson is my Accountant and is a partner at the Gold Business Group in Southport.Has been for 12 years and acts for many other members on the forum here. Real speciality is property investors and…[Read more]

Heh Lance hate to say it is not matter of knowing your stuff it is merely a reflection of a change in credit policy amongst lenders.As both Terry and i replied to you in the good old days this sort of application was accepted by many a lender. Even the non conforming lenders wont consider it.

We use a combination of Excel and Cashmanager which whilst being a glorified cash book is excellent for what it is.Personally with the size of portfolio we have it is essential to have a decent back up otherwise come Tax time my Accountant has a fit but to give him the whole lot on a disc makes life easy.Regretfully doesnt help me pay less Tax on…[Read more]

Wow sorry i dont want to appear negative but the former post is full of holes. Maybe it is an advertising post for some service offered by Zankee (which i suspect) however there are numerous inaccuracies. By way of clarification on a couple of points:1) To utilise the equity in the property and convert the old PPOR to a new IP and to be able to…[Read more]

JRIf you can go full doc then do so as dependant on the LVR you may find that the loan is mortgage insured if processed under a lodoc loan. There are a few other disadvantages so push that route.If they say NO then look for an alternative lender.

If you dont have a deposit then you have little alternative but to consider a 100% loan.

Dr SOnly way is for the vendor to agree to leave 5% plus your costs in the deal by way of a 2nd mortgage.You agree to buy the property for say $340K but only pay say $323K on settlement with the balance paid over a period of time.If you cannot fund your costs then you will need a little more left in.The Bank would lend you the $323K being 95% and…[Read more]

I use Mayfair Rentals for my properties on the Southside.Give the principal Keith Clarke a call on 07 3262 4533 and tell him i sent you down.He is a good honest rental agent and a really nice fellow to boot.

A rebate clause or early settlement payment is common practise on new land releases or off the plan contracts where the seller wishes to have some uniformity on his pricing and does not wish to show that there was some discounting of sales prices. In saying this the amount rebated must be clearly displayed on the Contract or Special conditions…[Read more]

SpicyIf you are in Brisbane for the price of a coffee I will see you for absolutely nothing.I promise i have nothing to sell you and I am sure some of my clients from the forum here might even give me the odd reference or three.Whatever you do not sign anything with this crowd until you have gone home to digest the information, sales patter…and…[Read more]

I guess i maybe old fashioned but i have always adopted a combination strategy of both.When i started purchasing IP's some 10 years ago i decided to wrap many of them and then used the surplus cash flow to pay down debt on my properties I purchased for Capital Growth.Now even the CG properties are of course cash flow positive and my debt gearing…[Read more]

C but it not about the numbers.

TreserMight want to do a search first on the top and see what has been said previously !!!There is no magic on what is recommended in fact as someone who is very Anti Cross Collateralising Securities I am one of the biggest critics of adopting such a strategy. 

Also remember any Building Write Off which has been claimed during the period of ownership needs to be taken off the Cost Base.

Terry is of course correct. Comes of typing before properly reading the post.The Trust name usually only appears on the Contract and L Docs.