I agree. IO loan with 100% offset with a major bank.

With the lending side, normally the banks lend to the legal owner of the property and there is no other party involved. But here you will have the legal owner as one or more trustee – this may be a company or you or two or more people. You want need the loans in a different name to the legal owner. Banks don't like doing this probably because it…[Read more]

Hi KaiserThought land tax may be an issue. Don't forget it is only on the land value, not the whole value. It is expensive and is deterring a lot of people.

I think it would depend on the figures. Selling and then buying again will cost around 6% of the value of the property – plus you will have CGT too. THis is a lot of money gone.Another option, similar to your second one, is to set up a LOC and borrow to pay the interest on your investment properties and free up cash to pay down your PPOR loan…[Read more]

I think there is no point in investing if there is no capital growth. No point in getting $50pw cash flow for 30 years if it only grows at 1% pa. I would much rather losing $50 pw (initially) and getting 7% pa growth. Whether this is possible or not is another matter.I think you can buy a negative cashflow property with a SMSF, but you will need…[Read more]

You've posted the same post twice.https://www.propertyinvesting.com/forums/property-investing/help-needed/4329186

Yes, there are plenty of people who were audited and had to give back the grant. Some court cases too.

Do you want to make lots of money or just a little bit?

Locky – would you mind saying how this is good with the tax breaks?

You need to refer to what state you want to wrap in, as laws vary.

Look into the 6 year rule on CGT regarding absences from the main residence – s118-145 ITAA. You can basically rent out your main residence for up to 6 years and not have to pay CGT if you later sell it.So, you could buy a house, move in, establish it as your main residence, meet the FHOG requirements and then rent it. And then rent yourself and…[Read more]

Looks good in theory. Each unit holder could also hold their own units in their own discretionary trusts too.But in practice, it will be messy! First of all banks don't really like to lend to people borrowing to buy units in a trust. They will want all unit holders to be on the loan, or guarantee the loan. Each will be jointly and severally liable…[Read more]

try Mile at http://www.guardianpartners.com.au

I suggest you look at trusts too.

Sorry to say it will be hard, or impossible to get a loan if you have already missed a few repayments. Have you considered selling one of the properties? This may be the best option before it snowballs.

Its crazy isn't it!i don't think there is any law saying you must claim all deductions. But have you worked out if you keep carrying the losses forward will this save you more tax in the future than you will lose in benefits now if you minimise the deductions?Maybe there is a way around things too. e.g You need to get rid of losses and someone…[Read more]

it your wife has no income it will be very hard for her to get a loan. You may have to go guarantor.Wether it is worth it or not is a different matter. Just do some figures based on both scenarios – keep and sell. Sounds like it won't cost much to do. Doesn't really matter if you put her on the new house title as you can't claim anything. Putting…[Read more]

You will need some good advice as some things to consider – what happens if one of you gets divorce – what happens if 1 goes bankrupt- 1 wants out? (This will happen!). Does the house have to be sold or 1 partner buy out the other? – who is director? – who guarantees the loan? – no 50% CGT with a company- what happens if 1 does more work than the…[Read more]

I am with Kenny on this one. Couples can only have one main residence between them. So unless you recently became spouses (married of defacto) then I think the ATO is wrong.Here is the legislation, s118-170 ITAA.http://www.austlii.edu.au/au/legis/cth/consol_act/itaa1997240/s118.170.html

What you can do it to take her to court. Sue her for damage to your property. You will win and get a judgment against her for a sum of money. You then need to enforce the judgment. You can go back to court and get further orders to garnish her wages, sell her property, garnish bank accounts etc – but to do this you will need to find her.It is all…[Read more]