Hi Mikal

I think the boat has sailed in Roma.

I had a few places there around 10 years ago and did very well in the town but to me there are plenty of better places to invest.

Cheers

Yours in Finance

Hi Ollie

You would be surprised how many forum clients we get in the same position to yourself.

Building a sustainable long term property portfolio is more about structuring the loan correctly and then selecting the appropriate property to allow you to keep investing.

We are having more and more clients wanting us to source properties that meet…[Read more]

Fairly straight forward process depending on the Council etc

A good Town Planner should be able to knock it out for you fairly quickly.

Darryl Richards from thr forum is as good as they get so PM me if you would like his details.

Financing is a conversation for another post but can be interesting with certain lenders. Others done as a standard…[Read more]

Hi Cards

Yes you have it in one.

Keep the loans separate and give yourself flexibility and choice.

Cheers

Yours in Finance

Hi Jonathan

Yes interest is Tax deductible where the purpose of the funds was for investment irrespective of the security used.

As I have said many times over the years on this forum interest charged on an investment loan where the deposit was secured on a pogo stick would be Tax deductible.

Cheers

Yours in Finance

Assume all things being equal you would get 800k.

Course not quite as cut and dry as that.

Cheers

Yours in Finance

The New Guy, hate to say there is a big difference talking to an actual Bank Manager and a Credit manager.

One talks a lot and does nothing the other doesn’t talk at all but decides your future.

65% is possible of GR but remember it is net of GST.

Cheers

Yours in Finance

Guess to be redundant you have too be employed in the first place.

Other than 6 months with one of the Big 5 Banks when i first arrived in Australia i have spent the last 18 years running my own property empire / finance consultancy.

Thankfully now in a position where i could never get close to spending what i earn.

I talk to a lot of clients…[Read more]

You are not going to go far wrong with Darryl.

Cheers

Yours in Finance

Hi Keith

Welcome to the forum and i hope you enjoy your time with us.

Unfortunately there are too many variables to give you an accurate assessment but have a look at the following website and that might give you a good estimate. http://www.bmtqs.com.au/construction-cost-table.

Cheers

Yours in Finance

Be surprised how confusing clients get when they get their letter of offer and it shows the massive increase in monthly repayment at the end of the interest only period as the calculation is based on the remaining term and the current principal balance.

NAB actually only do 5 year interest only terms but several lenders will do evergreen…[Read more]

Nothing surprises me these days when it comes to information provided to clients by lenders.
Redraw and offset are definitely not the same thing and vastly different Tax consequences.
The credit unions have a place but they are certainly not price competitive and from the sound of it you could do a lot better.
Cheers
 
Yours in Finance

 MelPO
You bet your Bank didn’t give you that option as it is not in their interest to do so.
There are so many variable it is hard to give you and real structured advice without some actual numbers.
Bottom line with any structure is to have flexibility to allow you to move forward.
It is something i am dedicating a whole chapter too in my new…[Read more]

Hi MelbPropertyOwner
Firstly welcome to the forum and i hope you enjoy your time with us.
It only seems like a fairly big loan as the majority of the loan is non deductible. Had the loan been for investment and the interest tax deductible then subject to your income level it wouldn’t appear that large.
Ok so let us see if there is anyway of…[Read more]

It is fine fsatar.
I do some of my best forum work after midnight.
Cheers
Yours in Finance
 
y

Ah folks another come and go newbie with wares to sell so be careful.
Seriously sunshine if you think the poster is in a high tax bracket then I think your total understanding of the negative gearing is flawed.
Just we move ….
Oh by the way suggest before you come in trying to throw your weight around you have a look at where you are trying to…[Read more]

Frank you maybe new but you obviously have not read the Terms or Conditions of forum membership.
Please ensure you do promote your business in the contents of future posts or i will be forced to edit them.
I will continue to monitor your activity and hope that i do not have to issue a formal warning going forward.
Cheers
Yours in Finance

Hi Azza
Yes totally agree with what you are trying to achieve and as i mentioned it is possible with the right lender.
Not sure why newbie Frank would make such a comment as there is absolutely no reason why you would do it this way around.
If interest risk is a concern then you can always take a fixed rate on the land and construction…[Read more]

No sensible investors buys for tax reasons alone so i think it is best if we ignore the last posters comment.
Cheers
Yours in Finance

Nether of you are in a particular high marginal tax bracket so i think it is relatively immaterial.
As Jacqui mentioned without any current PPOR debt your broker will i assume split the loan up between the property being purchased and your PPOR and link an offset account to one of these splits.
The loan can still be in joint names even though…[Read more]