K ^ R

No none at all. You can set you margin and interest using any set format and I am sure that your wrappees will welcome a lower interest rate.

Only thing to bear in mind is what happens when you leave the Bank or the benefit is changed how do you increase the rate of your wrappees loan.

By using a particular index and we alsway use the…[Read more]

Exactly. Read and ask questions.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

One consideration is to choice a lender that has a no negative equity clause to avoid any problems for you or your father.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

Personally i would never purchase a wrap pack but i guess it is an individual decision.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

Yes certainly your broker can organise this for you.

Just remember that if you repay your loan in the first 12 months maybe even 18 months your brokers commission will be clawed back so he might not be too keen in assisting again.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial…[Read more]

I understand, and may be wrong, that if one generates an income from PI then capital gains can be classed as taxable income and not limited to being offset against against capital losses… This is only the case when developing or property investing is your main occupation.

Can the expense of SD only be used to reduce CGT or can it in any…[Read more]

Most developers including myself would borrow on Commercial development rates which are negotiated between you and your lender.

The rate and upfront fee is something that reduces after time and when you have proved to the lender you can successfully complete a project or two.

Just bear in mind that most lenders have wised up to borrowers trying…[Read more]

Yes they can.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

BE

No i am not. I live in Chapel Hill and married to Debra but is is a good name all the same.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

Stu something i tell my clients all day long.

Also just an excuse to say QUEENSLANDER.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888

The big disadvantage with buying property in a company is that you don’t get the 50% CGT deduction if you sell. Only applicable if the Contract dates are 1 year and 1 day apart and hence i asked anna if she was looking at trading or buying and holding.

A disadvantage in buying investment property in a trust is the extra land tax. This varies…[Read more]

Yes Luke both income and CG needs to remain inside the SMSF but then given the favourable Tax treatment (10% on CG after 1year 1 day) i like this type of vehicle for the odd wrap or subdivision.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial…[Read more]

Company or Trust Structure there is not much difference in price these days.

At least with a Trust you could like at the children / grandchildren as being beneficiaries with maybe you the sole Trustee.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial…[Read more]

Hi Luke

Regretfully you cannot get round this issue now.

A transitional arrangment existed for funds with less than 5 members that allowed the SMSF to invest in a Unit Trust or Company after 11 Aug 99 and before 1 July 09.

Such arrangements only apply if the Trustees made written election no later than 23 Dec 2000.

Any present arrangement…[Read more]

Hi anna

Whilst the costs of establishing a Pty Ltd Company were halved on the 1st July 2006 i still believe such costs may prove unecessary depending on what you are trying to achieve.

Each type of entity has it’s + and – ‘s and it is difficult to make a comment without knowing a little more about you own situation and you goals i.e Do you have…[Read more]

Other managers offer the Mobius product with a cheaper rate than Carrington.

You will require 2 years S/E and be registered for GST with Mobius and there are heafty entry and exit costs.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial…[Read more]

Hi there

Whilst SMSF have an element of flexibility in their investment choices as designated by the Trustees the fund cannot borrow to purchase property.

Establishing a SMSF will only probably be viable if you have in excess of $75-$100K in Super although i have set up funds with less. This is mainly due to the annual reporting costs.

If you…[Read more]

Hi berry

I assume when you ask Can anyone inform me if i can use No Doc or Lo Doc loans in Australia to finance US property acquisitions? Or do you know of any institutions?

you mean whether an Australian Lender will take a property in FL as security. If this is the case the answer is a big NO.

If you mean can you raise funds against a property…[Read more]

Hi there

First welcome to the forum and I hope you benefit from the varying views and experience that the forum offers.

With regards to your dilema i think this is a personal decision you and your partner alone will need to make but i guess all we as fellow members can do is offer you advice.

One of the main considerations of purchasing a…[Read more]

If you would consider the Northern part of the Gold Coast then i can recommend you the best .

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888