Whilst you are living in the the property you can pay as much into the offset account as possible and reduce the non tax deductible interest being charged.When you move out and rent out the property if you need the funds accrued in the offset account you can take this out and use it and the amount of deductible interest goes back to the original…[Read more]

If you want to email me details I am always happy to crunch some numbers for you on serviceability.

PatNo dramas in doing the loan as a lodoc however if you intend to try and make it a IP after a while i would suggest that you go for an interest only loan with an 100% offset account attached to it.

Hi MaxMerely make satisifactory finance a condition of the contract or alternatively get your mortgage broker to have a proper pre-approval in place for you and then proceed.In todays market i would not be listening to an agent you said "She will me right mate".

With what as security ?

Yes definately Jeremy.

Hi KeoYou are absolutely correct but unfortunately organisations like Destiny dont necessarily understand or agree with you.Certainly for clients looking to structure their investments for both asset protection and income distribution a Trust structure is the norm however i would need more specific details from you before i could give you any…[Read more]

GaryI replied to your email with a couple of other questions but havent heard from you yet.

Try someone like Herron Todd White.

RodeoUpto 8 should be fairly straight forward. Might not get more than 75% LVR though.

Depends on the numbers and the location.

EricFirstly welcome to the forum and i hope you enjoy your time aboardIn answer to your questions:1) I am in NSW (Sydney), is the stamp duty tax deductible? If so, does this include the stamp duty for the actual purchase price and the stamp duty on the loan?A) Ther Transfer duty is added to the Cost Base of the property and is therefore offset…[Read more]

Hi MattJust rang the CBA Qld State credit manager who tells me that both wraps and RTB are definately not allowed.

Norm I have answered your email on this. 

MattWhen did CBA or Maxis allow wraps or RTB's?I can think of a couple of lenders that will allow it but certainly not these 2.

SeanYes you will need to pay stamp duty on the transfer but that can be added into the loan amount.Your Accountant may not be too familar with the strategy as not all Accountant specialise in property and trusts.Would need some exact figures to work out the entire viability but not hard to do.Other issue is finding a Bank that will accept or…[Read more]

Alistair dont start me on the standard of the industry – lol.I cant believe that todays garage mechanic completing his Cert IV can be out there tomorrow advising on Finance structures and precuring Commercial deals for multi million $$$.You are right forums such as this keep records of what you say for all to read and you can be held accountable…[Read more]

Where is the block of units located?

SBYes all is ok with the ATO as long as the structure is correct.Would need to crunch the figures for you to ensure that it is viable but more personal details would be needed.Downfalls would include stamp duty payable on the Transfer.To be honest most Solicitors / Accoutants wouldnt have a clue but certainly recommend someone if the numbers…[Read more]

Wow Mr now it all.Too late is it to short. Perhaps i might just throw those Elliot Wave charts right out of the window.The first 9 years of my working life At Chase UK as a SWAPS Trader counts for nothing.Trading full time are we now. Oh really and what about the Recliffe refurbishments is that spare time work. Low is when the smart money have…[Read more]