HiYou can can negative gear your own home, but beware.You may be able to save a few hundred or even thousand in the early years, but this could expose your home to CGT which could cost you much more in the long run.

http://www.gatherumgoss.com

cchandra wrote:
Hi Everyone, I have a couple of questions and hope someone can help clarify it.What is the difference between a unit trust and a company ? andDoes a unit trust have the same obligations as a company ?I would like to eventually set up a company to sell brand new properties/apartments and was going to set up a company…[Read more]

Hi AndrewYou will need to check with your solicitor, but my understanding is that the trust will need to be established before you enter into any contracts. You may be able to sign "xxx and/or nominee" you may be able to nominate your trust prior to settlement. But you need to be careful as some states do not allow this – so you may be charged…[Read more]

You should get the depreciation booklet from the ATO – it should be available for download.

The agents usually get the tradesperson for you. But you need to be careful as if the agent is unscrupulous they will event things that need to be repaired and then possibly get their tradesman friends to repair the items at higher rates.

Sorry, a No Doc loan is a type of loan in which the lender does not ask about your income. They just ask if you are self employed, have good credit and have a deposit. Rates are slightly higher than normal loans though.

Where are you living now? It might be best to buy a place to live in so you get the CGT exemption and then borrow against this to buy a few more properties.

Michael Yardley's book is good as is Peter Spann's – forget the titles sorry, but the best resource would be reading as many posts on these forums as you can.

Hi Margaret

If you have already signed and exchanged contracts, then it would probably be too late to change it to a trust or a company now without incurring stamp duty – but things vary from state to state so at least make some enquiries.Its true that children cannot earn much income from a trust without getting hit with very high taxes, but…[Read more]

Hi Margaret

If you have already signed and exchanged contracts, then it would probably be too late to change it to a trust or a company now without incurring stamp duty – but things vary from state to state so at least make some enquiries.Its true that children cannot earn much income from a trust without getting hit with very high taxes, but…[Read more]

Hi MargaretIf you have already signed and exchanged contracts, then it would probably be too late to change it to a trust or a company now without incurring stamp duty – but things vary from state to state so at least make some enquiries.Its true that children cannot earn much income from a trust without getting hit with very high taxes, but each…[Read more]

The St.George Foreign Currency Home Loan offers customers who may be residing either within Australia or offshore the ability to borrow funds in a foreign currency, provided their main source of income is denominated in the same foreign currency, creating a natural hedge for loan repayments. Foreign currencies available are: Hong Kong dollar…[Read more]

You could get a managed fund set up. You would need to start off with at least $2500 and then need to add to it monthly. Some funds have returned 30%+ pa. But there is no guarantee you will get this. Or you could stick to putting your money into a high interest savings account such as ING.

I would never recomend paying any money into a LOC at all – except to pay the interest. All money including wages and rents should go into the offset account.But in your cash you have no personal debt so you could pay it into the LOC – but this will make you lose flexibility if you ever wanted to get the money out for personal reasons.I personally…[Read more]

Hi BrendanHave you tried Bankwest?

To make it simple this is basically what you do.You add up all expenses related to the property.Then you add to this non-cash expenses (These are things you can claim without actually paying for them there and then – eg. travel, borrowing costs, depreciaton of fittings, deprecriation of building etc).This gives you your total expenses.Profit is…[Read more]

Who is he and what is the focus of the seminar?

critter66 wrote:
what do we do???? we own a house valued at $530K….we now have three kids and need to move closer to work , schools etc….we could get $440 rent per week but the houses in the areas we need to live in are about 700K…we are not savvy with investing, we had our heads down for years to pay the house off ,we have a joint income…[Read more]

Brendan Irwin wrote:
i would like to buy a property with 2 other friends. The banks and other lenders want a 20% deposit. We are unable to come up with this amount. We have negotiated a good price for the property but we need someone who can finance it for us. Is this possible to be done under a wrap? And is there someone out there that can help…[Read more]