Hi JackI just received another email from trustdeed.com.au in which they state:Please delete earlier email – Apologies to subscribers Please delete earlier email Aplogies to Subscribers & Mr Michael YardneyAn email was sent which did not relate to Tax / Accounting / SMSF or other related matters Please do not open that email.   Public Apology to…[Read more]

Hi JackI just received another email from trustdeed.com.au in which they state:Please delete earlier email – Apologies to subscribers Please delete earlier email Aplogies to Subscribers & Mr Michael YardneyAn email was sent which did not relate to Tax / Accounting / SMSF or other related matters Please do not open that email.   Public Apology to…[Read more]

i agree that the LOC is a better option. By borrowing the money to put into a savings account you run the risk of losing the connect between the borrowing for the investment which comes later and could lose the deductibility of interest. This is especially the case if you have other money in that account and so mix borrowed funds with savings -…[Read more]

nitrodrops wrote:

Terryw wrote:
IO is the only way to go in my opinion. 100% offset is great tooreasons (some):- Lower repayments- same interest savings as if paying in the loan- frees money up to invest elsewhere- Less tax complications if you need to – ability to pay like PI and reduce payments anytime without changing the loan

For IO only,…[Read more]

Why?

i don't use any software. It all comes from experience. It also may depend on what sort of client you are aiming for. If the mum and dad with one property who just want a cheap rate, then it may work, but for anything complex, forget it.

Many things to consider.Firstly is borrowing capacity. All going in together may hurt this.2nd, flexibility. A discretionary trust is the way to go, but if you have separate families, then maybe a unit trust with fixed percentage. each family can then have their units owned by their own discretionary trust.3rd, protection. Each person needs to…[Read more]

first complain to the banks own internal complaints section. should be able to find it on their home page.

manoj@ucservices.com.au wrote:
Micheali think you should send the above message in your  e-magazine to all 40,000 people and get it out of the way once for all

ManojToday I received a newsletter from http://www.trustdeed.com.au. This company is a competitor to Chan and Naylor in the supply of trust deeds. For those not on the newsletter, Manoj…[Read more]

manoj@ucservices.com.au wrote:
Micheali think you should send the above message in your  e-magazine to all 40,000 people and get it out of the way once for all

ManojToday I received a newsletter from http://www.trustdeed.com.au. This company is a competitor to Chan and Naylor in the supply of trust deeds. For those not on the newsletter, Manoj…[Read more]

Yes. Unless they get a divorce and having a court order to transfer property.

I would set up a LOC and concentrate on repaying the remaining $80,000. Once you have done that then you will have some spare cash left over each month. So I would look at using a discretionary trust. You can start gifting to the trust so that it builds up some funds and then start buying new investment properties. Use interest only loans with…[Read more]

increase to market rent.

You would need to get some legal advice, draw up agreements and trust deeds etc, so it is going to cost you a bit, but it should be a lot cheaper than stamp duty on a transfer.

You should just do up a quick excel spreadsheet. Just list all expenses and non-cash expenses and then minus these from the rent. You can adjust the rent each year for increases and see when it turns positive. In this low interest climate it shouldn't take long to go positive

An option is a simple thing. You are just entering a contract in which you have the option to purchase at a later date. It is just how you use it or structure the deal is where you can make money. This you can learn from the courses, but really there is not much to this either. bear in mind it sounds very good in theory, but will be hard to implempent.

IO is the only way to go in my opinion. 100% offset is great tooreasons (some):- Lower repayments- same interest savings as if paying in the loan- frees money up to invest elsewhere- Less tax complications if you need to – ability to pay like PI and reduce payments anytime without changing the loan

what do you mean by vendor finance? If you mean an installment contract, then this may be difficult. You would probably need at least 20% equity to avoid LMI. Even then it may be difficult. I tried to do it for someone a few years ago and the bank wouldn't lend on value but just on the initial contract price.If you mean paying out a second…[Read more]

As far as I know there are no limits on gifting unless you are a pensioner. Interest is up to you. It could be interest free. But you should document it properly to protect yourself. Make sure you have a written agreement.

BBHave a reread. That strategy won't save you completely because you won''t be able to mortgage to 100% with a bank. Look at mortgaging to a trust.