If you are doing that good at the shares, why not stick with that?You don't really have much equity to play with in the property, and it is getting more difficult to get finance.To get the 4 houses with each name, you would need to sub-divide the land up front. Otherwise, if it is one title, you will have one big loan with 4 names.

hiI think you need to stand back and assess the risks.There are basically 2 risks. 1 you are sued, and 2. the trust is sued. If the trust is sued, it is actually the trustee that is sued. it would be the trustee that goes to court. Usually the trustee is indemnified out of the assets of the trust, but if these are not enough then they can be…[Read more]

i think it also depends on how your rent out the place. If the people are just contributing money for food and bills then this would not be income (so no negative gearing) and therefore no CGT consequences.

HiMany lenders have  a max LVR they will go to. eg. ANZ is now 90% in total, including LMI. So if you were to borrow less, you could add the LMI to the top as long as the total LVR is less than 90%.

Rhys_Roberts wrote:
Off topic and an arguably offensive comment but I just can't help myself…If you are on a pension and can only afford a house worth 110K and only have 50k then…WHY DO YOU HAVE FIVE KIDS?????????????!!!!!!!!!!!!!!!!!

RhysAre you implying that anyone on a pension shoudn't have kids?

Sounds like an assignment question.i wouls say a) as depreciation is a non-cash deduction

hi godYes, its fair for the bank, but it could come as a sudden shock for those who had not anticipated having to suddenly reduce their loans.

klein09 wrote:
Hi folks,just seeking some directional advice on my next step.  have used PPOR equity for an LOC to purhase 1st investment property.  that's done and i'm now looking to take the next step.  is the preferred model to refinance the investment property into a new IO loan and pay down or replenish the LOC?  get a bit lost there and…[Read more]

Lenders will generally allow spouses to be jointly on a loan with only one on title. Spouse includes married and defacto. But you will be saving one thing to the lender and another to the Office of State Revenue.

why pay a loan down at all when you can save the same interest by using the offset account. One you deposit into a loan you cannot withdraw without tax consequences.eg. You have a $200,000 investment loan and pay it down to $100,000. You then buy a new home – you will have $100,000 less cash available. So your new loan will be $100,000 larger.In…[Read more]

I would start by paying the minimum off your investment property. Change the loan to IO and get a 100% offset. This way you are saving interest while maintaining a high balance for tax deductions. Everytime you you pay down the loan you are paying more tax – and will have less money for the new PPOR which will mean more interest (which cannot be…[Read more]

Which bank:? there are not many 95% loans left these days.

For starters, Look at http://www.lawcentral.com.au http://www.taxlawyers.com.auand if you really want to learn more look at some law books on Trusts such as 'Equity and trusts in Australia" and some tax books such as the Trusts Structure Guide put out by the Taxation institute of Australia.

HiI think your questions make sense. You use the term partnership in the general sense, though what you end up doing may be different in the legal sense.You could do it 3 ways1. A unit trust. This is a trust with units (simmilar to a company with shares). each person holds 50% (or whatever) of the units.All profits would be distributed to unit…[Read more]

can be hard to finance too. Which will lead to less buyers.Also there is a general decrease in property prices now.

Don't forget partnerships are very risky as all partners are jointly and severably liable for the whole partnership debt. If all the other partners decide not to pay you will be left to wear it.I would recomend to never form a partnership of individuals

caveats are pretty simple. Just a few pages to lodge one. You can get info from the Land Titles home page of your state. The staff at the titles office may be able to help you fill in the form if you get stuck too.

Yes.If you have signed a contract to purchase a property, then you have a caveatable interest in that property. So you can lodge a caveat.You should talk to a lawyer.

It depends on the overall LVR. If it is less than 80% on today's values you should be able to do it, but it will be painful dealing with them, the CBA that is.

SpudYou have posted the same post about 10 times!