I didn’t say I “favoured” it… just that I could think of many reasons for it.

I think an Accountant would be the best one to outline minimising tax implications. I don’t like giving incorrect information and this is not my field.

TMA
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I am still the same monster… I just don’t do loans anymore!

I am still providing information through posts, email and the website (www.themortgageadviser.com.au) though. I am just trying to avoid all live people contact in the future and thought the name change would reduce requests to do loans.

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First…[Read more]

I would be looking at an Interest Only loan for the investment property (with offset if you want to reduce the interest expense).

Why are you paying principal and interest on an investment property when you have non-deductible debt???

TMA
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Mark is definately one of the better accountants out there!!!

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PMI have never stopped deals going through based on LVR using current value for anyone I know. I think their minimum is 12 months though.

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Most companies holding appreciating assets also utilise a trustee company (of which the trading company directors are also directors of) and a trust. Impact of taxation is minimised.

TMA
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I don’t know where you are looking but I include all costs with the purchase price to determine my own NET yield. Gross yield is calculated before costs.

TMA
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The lender will take a ‘mortgage’ over the property. That means that if you do not pay, they take your house and sell it. They take what they are owed after all expenses are added and give you the left overs.

To keep your brother’s liability down, you will only need to borrow 20% plus costs of the new property value on your existing home and you…[Read more]

Your post does not seem to ask anything but I have to say that I can think of many reasons in favour of buying appreciating assets in a company structure. What is the point you are making?

TMA
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Wow, the rent already went up $25 per week.

Unless you are putting in a hefty deposit, I cannot see how this property is cashflow positive either.

TMA
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What is the big deal???

They just do it a little differently to the way we do it. The ASX is a private company. So is Baycorp Advantage (CRAA). I do not see any problem with the US Fed being private.

There is no secret!
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Appointments to the Board

The seven members of the Board of Governors are appointed by…[Read more]

Cross collateralisation is definately annoying and I would stay away from it wherever possible.

Regarding accounting, the only person all the splits are easier for is the accountant. You can just as easily track everything from your rental statements and expense receipts. What is hard about calculating the cost of a loan that the amount never…[Read more]

This is sooooooo funny!!!!!!!!!!

TMA
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You cannot apply for a standard loan without an income regardless if you had no property or millions in unencumbered property. You cannot even apply for a low doc loan unless you lie because you are required to state an income and the ATO is auditing these intermittently.

The only option is no doc but you will be restricted to about 65% LVR. No…[Read more]

Nat, it is very hard to recommend anyone. It depends on loan features, loan amount and loan purpose.

Most lenders have great IO loans.

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I am no fan of BankWest which many people here know.

I have to say devil, that I doubt you got higher than 80% LVR with them without LMI. I noticed you mentioned a second valuation having been done. I must assume that this made your LVR 80% or less and THAT is why mortgage insurance did not apply.

This just tells me that they initially…[Read more]

Sorry, the RAMS thing went over my head!!!

TMA
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http://www.email4money.info is just something else I am involved with. I actually like it a whole lot more than mortgage broking. Everything is online!

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Thanks Red.

No you don’t. No-one can stop you linking to their site although there may be some problems if you use their logos etc without permission. A text link is fine.

I used to seek permission in the past but it got very time consuming. If they object, they can always request the link be removed when they check their site stats and see…[Read more]

This should not be a problem if the contract date is more than 6-12 months ago depening on lender.

TMA
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