Since 2001 | Total Members: 161,368

Terryw

  • Terryw replied to the topic Caveat on property being purchased in the forum Legal & Accounting 13 years, 1 month ago

    You are crazy

    Go and see a lawyer asap. The caveat should be in the contract, if not then a copy can be obtained easily by finding the dealing number of the title search and requesting a copy at the land titles office.

    If it is a family law type caveat or money lent etc be prepared for this property not to settle.

  • Terryw replied to the topic Japanese Banks for Aussie Mortgages in the forum Finance 13 years, 1 month ago

    Many years ago I lived in Japan and the NAB in Japan was offering loans to purchase Australian property in Yen or dollars. Max 70% LVR with rates about 3%. The trouble is the loan was only available for those living and working in Japan and if you ever left Japan the loan would need to be renegotiated or refinanced.

  • Terryw replied to the topic Mid-life crisis in the forum jmsrachel wrote:You can’t be 13 years, 1 month ago

    jmsrachel wrote:
    You can't be thinking about work at 3am? When do you sleep?

      Sleep at work

  • Terryw replied to the topic Mid-life crisis in the forum Help Needed! 13 years, 1 month ago

    jmsrachel wrote:

    Jpcashflow wrote:

    1) in order to be successful you need to operate 24/7

    Could you explain what you mean by this?

    No
     sleep?

  • Terryw replied to the topic Unresponsive script problems with Firefox in the forum Site Problems / Feedback 13 years, 1 month ago

    This problem won't go away so I have installed a little addon called Yes Script
    https://addons.mozilla.org/en-US/firefox/addon/yesscript/?src=api

    THis allows you to block scripts. Probably won't assist in keeping my points high but:
    About this Add-on

    YesScript lets you make a blacklist of sites that aren't allowed to run JavaScript. Use…[Read more]

  • Terryw replied to the topic computer running slow on PI in the forum Help Needed! 13 years, 1 month ago

    Not to mention all the unresponsive script pop ups.

    I am posting on somersoft forum mainly these days.

  • Terryw replied to the topic computer running slow on PI in the forum Help Needed! 13 years, 1 month ago

    These days no one uses internet explorer. You are so old fashion Richard.

  • Terryw replied to the topic Bankruptcy in the forum Creative Investing 13 years, 1 month ago

    It is amazing how a little fee can stop people going forward. I have a mate suing directors of a company who claim they have no assets. I told him to do an ASIC search to see if they hold interests in other companies but he is reluctant to spend the $30 or so.

  • Terryw replied to the topic Structure of portfolio/loans moving forward in the forum Help Needed! 13 years, 1 month ago

    I wouldn't worry about your PPOR loan too much. $50,000 at 6% pa is only $3,000 in interest. Just keep utilising the offset account – all rents and incomes in there. Do you have one?

    Take the opportunity now to uncross your loans as well and look at extending a LOC on your main residence. It could be possible to borrow from this to pay the…[Read more]

  • Terryw replied to the topic Tax deduction on property in the forum Legal & Accounting 13 years, 1 month ago

    Interest won't be deductible as it is a private expense.

    You could sell to your spouse who could borrow to buy….

  • Terryw replied to the topic property and business investment in the forum Commercial Property 13 years, 1 month ago

    999ivan wrote:
    Again thank you. Guess my final question is how is there a way to get a better deal. Or are they beyond hope?

    A

     better deal as in this one?
    1. You could negotiate better terms for yourself.

    or

    2. Invest into another venture. But you have to understand that it is extremely dangerous to invest in a private company – you…[Read more]

  • Terryw replied to the topic property and business investment in the forum Commercial Property 13 years, 1 month ago

    moxi10 wrote:
    Run. Hide. Change your phone number.

    Change your star sign, hairstyle and start wearing a dress.

  • Terryw replied to the topic property and business investment in the forum Commercial Property 13 years, 1 month ago

    Be very careful how you proceed.

    I have a client currently being sued over a deal, similar in some ways, that didn't proceed. They have joined his wife in proceedings as she attended some meetings. The intention of both parties was to set up a company for trading and owning stock, but they are suing my clients in their personal capacity. Wife was…[Read more]

  • Terryw replied to the topic Bankruptcy in the forum Creative Investing 13 years, 1 month ago

    PLC wrote:
    Just as a note, while bankruptcy will disappear from ones credit file after 7 years, the bankruptcy will be recorded on the National Personal Insolvency Index permanently and the information can be accessed if lenders decide to go that far.

    Cheers

    Tom

    And th
    e bankruptcy register is a publicly searchable database.

  • Terryw replied to the topic Use of equity in PPOR to place a deposit for IP in the forum Finance 13 years, 1 month ago

    jhogan. Too late I'm afraid.

    Did you have any other funds in the account the borrowed money went into? Domjan's case is the authority that the interest won't be deductible in this case…

  • Terryw replied to the topic Principle & Interest Repayment Calcs in the forum Help Needed! 13 years, 1 month ago

    THere is a a template in excel too.

  • Terryw replied to the topic Bankruptcy in the forum I think it is 5 years 13 years, 1 month ago

    I think it is 5 years

  • Terryw replied to the topic Commercial Property iPad App in the forum Commercial Property 13 years, 1 month ago

    apple is terrible. I am just waiting for the Note 2 phone in a couple of weeks and I will be apple free!

  • Terryw replied to the topic Plan to buy a house with friends together in the forum Legal & Accounting 13 years, 1 month ago

    JimmySprinkles wrote:

                 Whilst nothing is seemingly divorce proof,would you say that individual or company have the same divorce implications or are they different.

    Different

  • Terryw replied to the topic what should i look for in a property lawyer? in the forum Legal & Accounting 13 years, 1 month ago

    jmsrachel wrote:
    Hi Terry, The work was completed but after It's completed don't you dare call him for advice. And during the whole process he is too busy to return your calls. And then he thought it was ok to settle on a property with the vendors rubbish and furniture still inside. Best of all he has written book after book on property…[Read more]

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Terryw

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