As a guide, you can generally borrow approx 5 to 7 times your gross annual income.

Have a look at the articles on http://trustdeed.com.authere are some good articles on there regarding strategies.

I haven't really looked into this, but there was one company that was offering up to 85% LVRs. Most are generally 70 to 80%.Expect the fees to be high and interest rates are about 1 to 2% higher than normal loans.

what you want is to protect your existing personal assets if the business folds.A company is the way to go because of the limited liability factor. A company is a separate 'person' to yourself. If the company goes down only (usually) its own assets are at risk (- maybe you will need another company or trust to hold any assets of the business).you…[Read more]

Thats the problem going with these sorts of companies. With most, or maybe all, variable rate loans, you will find the lender can vary the loan at their own discretion and it doesn't have to keep to the same margin. Even some of major banks put their rates up by more than the RBA increase. you would have agreed to this when you took out the…[Read more]

What is the date of the article?There has been a few recent developments with regards to changing rules of Land Tax in NSW and the ATO is not agreeing with the tax treatment of hybrid trusts with those that promoted them.

HiYou hare repaid loans and would need to withdraw (=borrow) to fund your personal expenses. Therefore the interest on any new withdrawal would not be deductible.This is why it is good to never pay down any loans, but to put the money in a 100% offset account. By putting hte money in the offset it will still be available for these sorts of things…[Read more]

try http://www.gatherumgoss.com

Nikki P wrote:
How do low rates end up costing more?Nikki

High exist fees mainly. Also as Richard mentioned lack of features and lack of flexibility if you wanted to change products eg. And if you decided you wanted to fix after a year or 2 you may find the fixed rates on your lender are actually higher than a bank.Also consider the fact that…[Read more]

pwinne wrote:
Hi all,Perhaps a daft question, but do any lenders lend soley based in the rental income of the property in question?ie. loan of 80k with the rental being cash flow positive and covering the repayements.Cheers

They are getting rare, but a No Doc loan is one where no income is taken into account at all. This would workother type…[Read more]

these fees were constantly changing and varied depending on the product. Look at your loan documents or give them a call and they should be able to tell you over the phone.1.5% is painful isn't it!

i beleive you cannot claim education expenses for future work. The expense has to be related to improving your skills in your current job. But if the business was set up as a trust or company it may be possible for that entity to claim.

i don't think there is any law on this. it is just up to the individual on how to check tenants. If you wanted to you could rent to someone on no income without checking anything.

You will need high rents or other cash to service. Some get the other cash from borrowing equity – so they are paying loans with other loans and hoping the growth will be faster that the interest accumulation.

no – don't think so as your own half so you have made the loss too.

If they have missed you, you will get hit when you sell.

Don't use offset funds to pay for an investment – this will make the interest on your non-deductible home loan go up and reduce the size of your investment loan = more tax. Better to pay your home loan down first and then set up a new loan against this. All loans should be IO too, generally.

Low rates can end up costing you much more.

Any business should have an ABN. GST is required if your turnover is more than $75k pa.if you are conducting a business then you should be able to claim costs incurred including the cost of the building – depreciation. But beware in claiming this as you will lose your CGT exemption for this part of your property – you will probably lose it even if…[Read more]

HiYou can't claim the main residence CGT exemption while you are living there – so only the part you are lving in can be CGT exempt. The other part will attract GCT – I am not an accountant so please check.