Yifto

Regretfully I believe the strategy breeches the SISA.

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.

Think you would get more than 60% LVR (we recently did one at 75%) but i agree with MrM.

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.

CGT is calculated from the contract dates as Trajik points out.

If you sell a property before 12mths you pay 50% more in capital gains tax. This is only applicable if you purchase the property in your personal names. Purchase it is Super and the rate is 15% before 1 year and 10% thereafter.

Cheers

Richard Taylor
Residential & Commercial…[Read more]

NAB would have to be one of the most uncompetitive lenders going around and trying to squeeze an interest discount is like getting blood from a stone.

SGB have a good range of products although charge at every street corner. They charge a full application fee on their LOC even under their Pro Pack although a discount of upto 0.8% is…[Read more]

Flipping is not as easy as it sounds but done properly can be a very successful and profitable strategy.

I have done several decent sized flips here in SE Qld where thankfully we dont have stamp duty on a Call Option which is unlike many other States.

Cheers

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

Ask them outright how much do they earn from a sale.

All marketing companies get paid and they are required by law to disclose how much.

Just because they can produce a bank valuation does not mean the property is worth that amount.

Cheers

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

Simon

Foxtel is an essential tool for investing tell your good lady wife.

The 27 sports channels are incidential and not compulsory viewing 24 hours a day.

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]

Bronny

If they are in Qld i might be able to assist.

Why not email me what you are after to start with and I will happilly reply.

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…[Read more]

Having been born and bred there and still with a few UK properties i can certainly confirm that Capital Growth and Yields have been very strong in certain parts of the Country.

In saying that there are parts of the North of England i would not touch like certain streets in Oldham where you can buy a house for 26000 GDP and yet will never get a…[Read more]

There is nothing to stop you doing it but whether it would be worthwhile and feasible is a different matter.

Bear in mind that the person leasing the land from you will be unable to gear to borrow using the land as security and thus will mean they will need cash or other security to be able to construct such a dwelling.

Cheers

Richard…[Read more]

Rob

It is not required in all buildings to Strata title them but yes we have done on many ocassions when strata titling timber units.

It is not difficult and your builder should be able to provide you with a quote for installing fire resistant gyprock.

Cheers

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

http://www.shanghaivision.com.au

might help

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.

I am with Terry not a great lover of 1 big LOC covering all of your properties.
By all mean utilise a LOC for accessing equity but structure it so that you have secured by 1 property.

Cheers

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

Difficult to decide whether you want to retire at 36 or 65 when you only have 6 years to go prior to retirement.

Sometimes i think fellow posters should actually read the entire post before answering the question with a vague statement.

Cheers

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

FP Advice involves a Statement of Advice having first completed a Know your Client form.

Whilst i would not be prepared to offer just advice without completing the required process I am happy to answer a few email question you may have.

Cheers

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

Dependant on your income needs may certainly be a classic case of pumping money into Super through Salary sacrifice

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.

Couple of immediate things jump to mind.

Ok the property is new so i assume it is an old Qlder converted and renovated as you would not build something new for that price.

Rent guarantees are also a worry – depending on the area usually means that the property is overpriced and the vendor is factoring the guarantee into the purchase price.

I…[Read more]

Simons analogy of the different motor vehicles is so true.

For each persons individual circumstances the answer would be different.

Certainly Superannuation has the most attractive Tax strructure and even if you buy and sell an IP within Super the CGT is less than it would be held personally is you hold for more than 1 year.

In saying this…[Read more]

Surely the maximum you will save is the cost of the conveyance ?

As i say for $350 or so then well i have better things to spend my time that are more profitable. Leave it to the experts and use your skills to generate more income.

Cheers

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

Bronny

What State are the properties 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.