There are many lenders that do not charge excessive break costs or DEF on a variable rate loan.

It is difficult to give you an exact answer without knowing more details but happy to make some recommendations.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720…[Read more]

Hi again

Yes i am an advocate of interest only loan linked to a 100% offset account even on your PPOR.

Circumstances change as you move through life and you may find down the track that you wish to move to a new PPOR although would still rather retain your current property as an IP. If the principal has been repaid you are unable to refinance…[Read more]

I must admit before i started to repay additonal amounts into my home loan account I would liaise with a mortgage broker as it sounds like you have a traditional P & I style loan.

Personally I would not necessarily advocate these type of account for every client and think there are other considerations you need to make.

In essence you should try…[Read more]

With the internet being what it is is and the ease of communication you don’t need a WA based Accountant / Mortgage Broker.

Have an excellent Accountant who i am happy to pass on the details if you care to PM / email me and like to think i know a little bit about broking.

I am licensed to act in WA and have many clients out that…[Read more]

Hi there

I must admit i am slightly confused as to your requirments.

When you mention that are looking to buy 2/3 units on a single block i asume that you are referring to a freehold torres title block of townhouses rather than Lots in Body Corporate.

I am also unsure as to whether you intend to construct them or wish to purchase them already…[Read more]

Thanks Redleaves

Aother cheque in the mail. This is going to be an expensive year i can see.

Hear from you soon.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
Looking for life cover – We Guarantee to beat any quote you have in writing.

Our Qld wrap company built up a portfolio of 180 properties over a 7 year period so I assure you it is not impossible.

Whilst i accept that locating a Positively geared property is getting harder to find in the current climate bear in find that in addition to the rent you also need to consider the Building Allowance and Depreciate write offs that…[Read more]

Eastcoast

Must admit i prefer where possible to control the entire block.

This avoids the need for messy body corporates and means that the ultimate value can be higher rather than having individual units within the block.

Also you maximise your Depreciation and Building Write off claims which reduces your expenses.

Financing can be done…[Read more]

Hi Kris

Hate to say i havent any unanswered emails so can only assume it didnt come through.

Please feel free to resend it and i will come back to you immediately.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
Looking for life cover – We…[Read more]

I am sorry to hear about your husband and whilst i understand you dont wish to receive any sympathy i think the whole of the forum offers its support to both of you.

Unfortunately i think you need to consider your own future income position as i assume that one day you will merely have your salary income and the rents from the properties to lvie…[Read more]

Must admit with my wrap business we have always been advocates of + cash flow so maybe a little biased.

What is to stop you doing both. If the cash flow is + or at least not negative then the IP loan will cost you next to nothing and you can still reduce your non tax deductible debt.

Important thing to remember is to ensure that you structure…[Read more]

Hi Steve

Happy New Year to you both.

Cheques in the mail by the way.

You are right maybe it is the full moon or something but certainly noticed a lot of newbie virgin posters who tout for a bit of business, offer nothing in return then disappear to once the came from .

Oh well guess thats the nature of a forum.

Talk soon.

Cheers

Richard…[Read more]

Hate to say the days of a min block size of 800 Sq M to subdivide have been and gone.

As has been mentioned each area is different and Paddington for example is under 300 sq M.

If you are unsure a Town Planner (remember BCC have outsourced this department now) will guide you accordingly.

Cheers

Richard Taylor
Residential & Commercial…[Read more]

I can give you a personal reference on Chad and his organisation.

Chad is as knowledgable on the US market as anyone on the forum and has experience in both acquiring and renovating properties in both Texas and NY state.

He has assisted many clients when there was no financial gain and thinks solely for the well being of the investor and no his…[Read more]

Hi Ryan

Can I structure it in such a way as to have the CGT deducted at my wife’s tax rate or is it a 50/50 split ?? My wife earns significantly less that I do and enjoys a much lower tax rate.

Regretfully when buying the property in Qld you need to nominate how the holding will be on the Form 1 Transfer Document. I assume that you purchased the…[Read more]

Be happy to assist.

Think i might have one or two clients from the forum here who can give us a reference.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
Looking for life cover – We Guarantee to beat any quote you have in writing.

Which State is the property located in ?

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
Looking for life cover – We Guarantee to beat any quote you have in writing.

Hi Eastcoast

Away from the decision making on whether to sell or not i thought I throw in a couple of points.

1) A collegue has already suggested we follow option 1, as a profit won’t be realised in only selling a couple and hence no capital gains tax payable.

Not sure where he gets this one from. When you purchase develop and Strata title a…[Read more]

Hi Demkel

You might like to do a search on the topic as it has been raised many times before by other forumites.

In essence i guess there is no right answer as each individuals circumstances are different.. Most serious long term investors look to set up their purchasing structure as a Pty Ltd Company which is a Trustee to the Family Trust which…[Read more]

Hi Ems

As a fellow Pom who has been here for 13 years I share your husbands pain when it comes to the cricket.

Having gone to the Melbourne and Brisbane Tests i find it easier to saying nothing and act dumb. Our time will come don’t worry.

I have several properties back in the UK and adhere to what has been posted before and that is ensure you…[Read more]