A few companies are happy to give a quote before you pay them.

Regards
Michael

Hi,

All i can say is- it wont be easy..as you probably already know.

1. You must decide if you want to provide a “Service” or a “product” – service less capital but harder to finder clients unless you havea client base already/connection/name. Product slightly easier to market but higher capital and advertising.

2. An idea…there are online…[Read more]

Agree with Terry.

The $600-700 fee you see advertised is for standard purchases – You pay for what you get,

Regards
Michael

Yes you can, it’s called interest in advance. Advantages…
1. You pay the interest in this financial year ( so if you had an increase in income or bonus etc it would work beautifully) – however next financial year you won’t be able to claim this interest ( so depends when you get a bonus? or sell off a asset with capital gain)

2. Most banks…[Read more]

The bank will have to reorganize a new one.
It’s quite expensive around $2-5k

Regards
Michael

State and area your in?

Regards
Michael

thecrest wrote:
Perhaps this is where the misunderstanding stems from : quote ….(( While Richard says "Hate to say Justin you wont find anyone who pays the card off for you and you then pay you a fee"- this is what these 2 do.))….Whatever.  Will a bank do a personal loan at around 11-12% or whatever the current personal loan rate is, to…[Read more]

JakeL wrote:
Thanks for the replies guys. We will definitely rent for 6 to 12 months before buying in any given area, obviously we don't want to be stuck in an area we don't like. One last thing how do the tenancy agreements work in Aus? For example are they fixed for 6 months (on the most part) or are they rolling tenancies? I assume the prior…[Read more]

Yep i would have agree Newcastle and Port Stephens is a good start; nice and friendly area with awesome beaches
You could easily pick up a 2 bedroom unit (new) / 2 bedroom townhouse (older).

Try renting first, before jumping the gun.

Regards
Michael

Yes you can; subject to the FIBR approval. But essentially your allowed to buy
1. OTP
2. Vacant land + construction
3. New property

This is not just for Singaporean; but any Foreign Investors

Regards
Michael

Hi Debbie,

Im with Jamie on this one;

1. Refinance to a cheaper rate- why not? ( by the way what rate are u on, and which bank?- If the deal is right the Big 4 bank will still take this location up; and def a few smaller banks would do it…)
2. Get that DP report done- you should be able to get at least 4-5k back for such a new place.
3. RE…[Read more]

Terryw wrote:
Ring up the bank and make them an offer to pay out the card in full, but only at 40% of the debt outstanding. They will take it probably if you give them a story about how poor you are and how close to going bankrupt you are. it wont even hurt your credit report.

This is the advice i will def take up!
95% of the time the crdit…[Read more]

Andysydney wrote:
Mike: Know a good accountant near Livo/ Parra?. that deals with inv props, and can do bookeeping?Benni, That is one huge coin u got.

Hi,

I use chan and naylor – i find them very knowledgeable.

Regards
Michael

houses on a main road is a big no no for me;
1. It’s hard to get tenants- Young family hates main roads as well
2. Trying to organise inspection is a nightmare due to the parking and access
3. Noise
4. 20 min wait…no thanks..

Regards
Michael

Hi Rory,

A quote that sticks to my head when i hear NZ is ” NZ doesn’t have CGT….why? because it doesn’t go up in value” not sure how true this is…but it was funny at the time…

In regards to the finance; you wont have any problems what so ever- a lot of the lenders have sister branch in NZ and they freely lend between each country + the…[Read more]

Hi Bob,

At 62, i would say dont risk it..it’s going to be very stressful and it wont be what you expect…
1. you will have a lot of barriers to overcome in term of finance – ie require a lot more paper work, . instead of 30 years it might be reduce to 15 + you be limited to a selective bunch of lenders.

2. Like any investment it takes…[Read more]

Hi,

No question is to stupid

Im no expert in Insurance bonds- so hopefully a financial planner can share a bit more light…however when i went to speak to a FP for my dad, this is how they explained it..

You invest say $50,000 into a insurance bond either from your super or salary sacrifice ( could be wrong here…since my dad did it via his…[Read more]

Ceiling is part of the common area- as the foundation of the ceiling is connected to the next level up.
So yes strata can stop you; but as long as you change the plan – get DA approval the should approve your work wit the required changes ie partition wall only – not touching the ceiling etc- But at the end of the day it’s strata’s rule you play…[Read more]

Hi,

Sorry to hear about your accident

Terry touches on some really important point;
1. Seek professional help from a Financial adviser, accountant and lawyer- yes they may charge you; but in the long run it’s money well spent

Yes there are ways to borrow from the bank using your own cash as “security”.

Regards
Michael

P.s Terry- Never heard…[Read more]

Scott No Mates wrote:
Whilst you’ve got the income, you should still consider salary sacrifice as this is taxed at only 15% not your marginal rate.

Why lose an additional 30%+?

I dont know ONE single “property investor/ stock investor” that pays the “normal” rate- i personally have ever only pay tax rate below 28-35%…and im not just talking…[Read more]