Hi NeilNot quite Brissie but you can try Steve Hodgkinson who is a Partner at the Gold Business Group In Southport. Steve has been my Accountant for 12 years and my business partner in a property business we around 7 years.Has many properties himself. He can be contacted on 07 5532 2855.Tell him i referred you as most good Accountants are not…[Read more]

Try Steve Hodgkinson who is a Partner at the Gold Business Group In Southport.Steve has been my Accountant for 12 years and my business partner in a property business we around 7 years.Has many properties himself. He can be contacted on 07 5532 2855.Tell him i referred you as most good Accountants are not taking on new clients and you wont get…[Read more]

Contact Chad Simmons who posts here from Melbourne. He can certainly assist you.

Sounds like your Mortgage Broker and Investment Coach have absolutely no idea.It all depends on whether the property is negative / neutral / positively geared as to whose name you would put the property in.I think i would be listening to a qualified Accountant or Financial Planner any day over the others. With children or dependants you should…[Read more]

What more experienced wrappers do is not include a clause in the installment contract allowing the purchaser to rent out the property. Think that course of action is fraut with danger.

You wont and hence you wont get 85% LVR.

I think it would be difficult to obtain 85% if the building is presently vacant.

Thanks AlbertNo problems. Be happy to help again especially as Gemworth who NAB use will no longer provide LMI cover to Expats.

I am sure that Terry who has already answered a question here will have many satisfied clients from the forum.He is is only in NSW why not shoot him an email.

BradCheaper even still to purchase it in a SMSF and then pay only 10% concessional rate when you sell it.

TerryIt is Suncorp and the answer with them is No (we have been down that path).

ScullyStill think there is a way around it but difficult to comment with specific information.

Hi OJThere are many ways to fund the project but yes the way in which you have described is probably the easiest.Assume the purchase price is $300K then you would secure $240K against the property itself and the $60,000 plus lets assume costs of $20,000 ($80,000 / 2 = $40,000) would be raised individually against your own respective p…[Read more]

If she lends the funds to you in a formal agreement she can claim the interest she is paying as a deduction however she offsets this by the interest she would receive from you. In most cases this contra's each other out and has a neutral effect.Why would she not have some interest in the IP ?

JeffWhen you have a business that holds a 160+ properties and does nothing else but installment finance you seek a private ruling on many things.Given the case law involving wrap contracts in 2001 we considered it a wise move.

Qlder why not try Steve Hodgkinson who is senior partner at the Gold Bus Group in Southport and has been my Accountant for 13 years. Steve is an experts on property trust and has helped many many clients of mine from the forum here. Also acts for us on all of our subdivisions and development financing.His contact number is 07 5532 2855.Tell him i…[Read more]

Chad Simons from melbourne does it very effectively although he does have his Business Partner based in the US which helps.

AbbruzziYes certainly is. Use someone who gives SGB a fair amount of business and you will find they have some swing with the Bank.FYI SGB have just launched a 3 / 5 Year fixed rate of 7.15% wef from Monday which is attractive in this market.

It helps when your partner is a Builder.

I agree with everything Paul has written with the exception of the CGT issue.We obtained a Private Ruling in 2001 and the Tax is based on the emerging profit ruling rather than the completion of the installment contract.