I think they could only claim the main residence exemption if they lived in the property initially.

You will need to get your lender's permission to wrap – ie sell the property on an installment contract or selling an option – as this will affect their security.you won't be able to access equity in the property  as the lender will go on market value. With an installment contract you have actually sold the property, but with a delayed settlement…[Read more]

St George have their own LMI

Many people are being held back by their friendly accountants!

Most contracts can be oral, except for those contracts relating to land such as purchases and leases which must be in writing – though they don't have to be in standard form, the back of an envelop could qualify.

If you are not living together then you are probably ok under the FHOG Act.

Darren,How did you find out about this so-caller lender? was it a post here? maybe you should put a link to this thread in case others might be tempted.

Assuming you are in Australia then generally nothing unless your home has been used to produce income – eg renting out a room, farming, or use of an office for a work related activities.

Use an agent?

Normally you would sub-divide the land into 2, and then the back block would be strata titled if you want multiple dwellings there. The driveway etc would be common property and the strata complex or you might have an easement to allow use of the land if it belongs to the first block.

You may be breaking the law, depending on what your relationship is at the moment – if it is spouse, then you probably are. If you are not living together etc then you may be ok.As for a potential future break down you don't need to be on title to make a claim. But you will be arguing for the grant that you were not a couple while arguing at the…[Read more]

Also found this by searching for the phone number, only found in google cache now:What's your business idea? See all ads from lutzlending 07/06/2009 Ad Description: Why are you working for someone else when you can be your own boss?You can get a loan from a…[Read more]

looks like he has a different address here http://activerain.com/blogs/mauricefinanceMaurice Financial Service Address: 28 Morris Court, Hollywood, CA, 90029 Office Phone: (447) 035-9322 x 82 Email Me

Have you done a check to see if the company is actually registered in Britain?What about some google searches?And have you considered what sort of checks have they done on you? You will supposedly have $300,000 of their money with no security. Did they do ID checks or other assessment checks such as your ability to pay or did you provide proof of…[Read more]

You are not seriously considering sending $1500 to a stranger overseas are you?Why not just donate the money to charity so you can at least claim a deduction.

That book was written many years ago with many of the properties being around the $50k mark. Then values boomed so equity of the properties could be used. Steve was also wrapping many properties so was receiving deposits from people. Plus both Steve and his partners were working as were their wives.These days it may be a wee bit harder. You will…[Read more]

Hi SonyaNo, its not common. The bank will not offer to let you see the valuation usually. You will have to ask, and then many will still say no.

Keeping reading as much as you can, and try to save a deposit as fast as possible. Learn the lending rules and work out how you can qualify. Loans are the key to buying many properties.

Not sure what you mean Marx?Any bank fees incurred in relation to an investment property or an account used for investment/business should be able to be deducted (as would any expense related to investment/business)

Yes, its been wrestled out here many times.