CHrisRemember with a wrap the wrappee pays you a deposit straight up front and in most States you also assign their FHOG which can between $7000 – $10000 which helps with your deposit.

Which State is the security property in ?

ChrisUsually 20-28% markup on the original price and current interest rate of around 10.25%.

If you wrap the propert from day 1 you are getting COC return of around 16%.Combine these strategies with the traditional buy and hold for capital growth and you are doing very nicely.

Exactly Mike.

Dont want to pick holes in someones else answer but to just to clarify a few points correctly:Second, an immediate capital gain tax (CGT) would likely to arise if you transfer the IP to your family trust. However you should be able to get a 50% discount on the tax if you have owned the IP for more than 12 months and 2 days. The date of ownership…[Read more]

Dont want to pick holes in someones else answer but to just to clarify a few points correctly:Second, an immediate capital gain tax (CGT) would likely to arise if you transfer the IP to your family trust. However you should be able to get a 50% discount on the tax if you have owned the IP for more than 12 months and 2 days. The date of ownership…[Read more]

Look at alternatives strategies. I was fortunate enough to start our wrapping company back in the mid 90's providing Vendor FInance to clients who could not get traditional style funding.Sure things have changed but the mechanics havent and the demand is as strong today as it ever has been. 

Hi VincentFirstly congratulations on seeing the light and making the move to sunny Qld.One of the downsides with the way in which you have the loans structured is that the funds you use to borrow for your new PPOR here in Brisbane will not be tax deductible even if you redraw down the existing equity you have on the HP property.Ideally you want to…[Read more]

Yes Nigel seems Weston still out there helping……trouble is helping himself and no one else.

VstarI think you will find Steve has clarified this point on many an ocassion subsequently.Regretfully it just doesnt work like that.

Hi SnowIf you look to prepay the interest on your loan then the entire years interest is deductible in the year in which it is paid..This could be a year when your Taxable income was going to be higher than the following year.

Terry it is exactly the same.Sorry John but i think you have mentioned your new product somewhere in 5 of your opening 8 posts.Post, why not look at adding a + geared property such as a wrap to your portfolio which should give you a nice amount of extra cash each month and offset the shortfall. 

WWNot only is the product post code restrictive it is also restructed to maximum purchase price within the acceptable post codes.If you need a post code check let us now and I can look it up for you.

Hi WayneI have sent you an email to answer your question.

YossYou are bang on but i am told it may not be too much longer before the product is open to investors.

DD – Stop right there.Dont Transfer the property into a Family Trust controlled by someone else.There are many considerations. You will need to ensure that you are the Trustee and also from what you have mentioned the current Trust arrangment will be a Discretionary Family Trust which may not be suitable in this case if you are looking at claiming…[Read more]

Hi GeorgeGlad we were able to be of assistance in this matter.Feel free to come back to again if you think we can help further.

Hi PamelaI totally agree with Marc. Ask questions here and we can all offer assistance and advice.Obviously if it is personal information you are disclosing then take it off the main board through a PM or email. 

Hi DDLook dont want to knock John's idea of capitalising interest but there is far similar way of doing this.Why not look to sell your existing PPOR into a Trust and borrow the full value of the home as an investment loan. Utilise the difference between the value and the current home loan as deposit for your land and the construction of your new…[Read more]