Qlds007 replied to the topic Firstmac – any opinions/experience? in the forum Finance 12 years, 5 months ago
Agree nothing wrong with the Orange product.
As with many lenders the amount of your loan will determine how competitive their rate is compared to others.
Get your Broker to double check first before you jump ship.
Cheers
Yours in Finance
Qlds007 replied to the topic Advice for complete newbies please in the forum Help Needed! 12 years, 5 months ago
Hi Telecaster
As Nigel mentioned firstly welcome to the forum and I hope you enjoy your time with us.
Certainly good to hear that your father has secure employment going forward especially in uncertain times of employment.
There are a avenues for him to consider depending on the entity he decides to us.
I have to say however i would not…[Read more]
Qlds007 replied to the topic Firstmac – any opinions/experience? in the forum Finance 12 years, 5 months ago
Kim Cannon the MD has been around for 20 years and i know him well.
First Mac (or whatever they are calling themselves this week) have a suido offset account and agree with Shahin that seems to be some element of doubt whether their offset is a true offset as we know it.
Your current loan with ING doesn't have an offset linked to it so if you…[Read more]
Qlds007 replied to the topic Suburbs to invest near Brisbane airport in the forum General Property 12 years, 5 months ago
Just taken an option on a site in Nundah which i will develop all going over the next 12-18 months.
Done many a project in Nundah and love the area.
Cheers
Yours in Finance
Qlds007 replied to the topic Borrowing Expense Deduction over a number of years in the forum Help Needed! 12 years, 5 months ago
That's right Sayan you have it in one.
Cheers
Yours in Finance
Qlds007 replied to the topic Leasing car thru property investing in the forum Legal & Accounting 12 years, 5 months ago
You could probably claim a percentage of the running costs involved but would need to justify it with a log book etc.
Cheers
Yours in Finance
Qlds007 replied to the topic Borrowing Expense Deduction over a number of years in the forum Help Needed! 12 years, 5 months ago
Bang on Tom would be proportionally deductible.
Cheers
Yours in Finance
Qlds007 replied to the topic Advice for a newbie please in the forum Help Needed! 12 years, 5 months ago
Hi Donna
I know exactly where you are referring to in regards to the new Murrumba Downs station and don't think it would be an issue.
Just financed one on the other side of the road there and no dramas with valuation.
Agree was certainly healthy rent return.
Cheers
Yours in Finance
Qlds007 replied to the topic Borrowing Expense Deduction over a number of years in the forum Help Needed! 12 years, 5 months ago
Costs associated with borrowing the money required to purchase the property are not deductible upfront, they are deductible over the shorter of either the period of the loan or five years.
Borrowing expenses include mortgage insurance, title search fees, registration of mortgage, stamp duty on mortgage and loan establishment fees to name a…[Read more]
Qlds007 replied to the topic Buyers Agent in Bathurst, NSW in the forum Help Needed! 12 years, 5 months ago
Only my opinion The actual research part is easy then.
Cheers
Yours in Finance
Qlds007 replied to the topic Refinancing investment property in the forum Help Needed! 12 years, 5 months ago
Good spot Jamie.
Yes i did report the post Abuse but never looked at the original post date.
Cheers
Yours in Finance
Qlds007 replied to the topic Buyers Agent in Bathurst, NSW in the forum Help Needed! 12 years, 6 months ago
Well as say JacM does it for a living so worth touching base with her.
Course the information and years of research she has up her sleeve is intellectua property so she is not going to give it to you on a plate.
Same as anything you can do it yourself or you can engage a Buyers Agent to do it for you.
Must admit i have to disagree. I spend a…[Read more]
Qlds007 replied to the topic Refinancing investment property in the forum Help Needed! 12 years, 6 months ago
Hi Sandtracker
Couple of quick questions:
1) Which State is the old PPOR in.
2) Did you cross collateralise the 2 securities ?
Cheers
Yours in Finance
Qlds007 replied to the topic Tenant agreements in the forum Legal & Accounting 12 years, 6 months ago
All forms are available on the RTA Wesite.
Cheers
Yours in Finance
Qlds007 replied to the topic Buyers Agent in Bathurst, NSW in the forum Help Needed! 12 years, 6 months ago
Hi Mika
JacM (Jacqui) who is a long time forum contributor to the forum is an experienced Buyer Agents.
She is not based in Bathurst but i know she covers Vic and NSW.
Shoot her a PM and i am sure she can help you.
To be honest we have been avoiding Bathurst for our clients due to some of the valuations that are coming in as we find there are…[Read more]
Qlds007 replied to the topic Avoiding CGT in the forum Creative Investing 12 years, 6 months ago
J260 my old china you are referring to Sec 1031 in the US.
Hate to say it doesn't apply here in Oz and that is why the buying entity is important to consider when starting out.
Think about the end result and work backwards.
Cheers
Yours in Finance
Qlds007 replied to the topic My latest development – 4 dwellings in Melbourne in the forum Value Adding 12 years, 6 months ago
So do many many lenders and some lenders go higher than that.
All depends on your equity position etc.
Cheers
Yours in Finance
Qlds007 replied to the topic Discretionary family trust with corporate trustee structure in the forum Finance 12 years, 6 months ago
Hi Seven
Ok you got the updated one that's great.
Wow another forum member from Dubai seems to be a lot of you around lol.
Just settled a couple of deals for forum members from Dubai you asked us to source a property and finance it.
You certainly have to love the Tax status over there.
Cheers
Yours in Finance
Qlds007 replied to the topic Partners in investing in the forum General Property 12 years, 6 months ago
Hi James
Can i be so bold to ask you why you feel you need to take on a partner for your next purchase.
You mention that it is your second purchase so you have been there before and i am wondering what you believe a partner will bring to the table.
Cheers
Yours in Finance
Qlds007 replied to the topic Discretionary family trust with corporate trustee structure in the forum Finance 12 years, 6 months ago
Only problem of course se7en it is so out of date it is not funny.
Cheers
Yours in Finance
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