Offset accounts cannot be set up against LOCs – the Portfolio with St George is a LOC.I would only use the LOC for the account to be drawn down on for investment expeses and deposits. These should be set up any spare equity.Set up a IO loan for the main investment loans and connect a 100% offset account to this. All money should go into the…[Read more]

You can still claim things on your property if you are not in Australia. You will have rental income which can be offset by the expenses but you are likely to run at a loss. If you don't have any other income then you will have a loss each year and these losses will build up until you earn a postive income to offset them.You also should look into…[Read more]

Hi Goodenergy. You should be able to get a loan of up to 70% of the value of your investment property. You can then use these funds to pay cash for the property in Tasmania. You may qualify for a No Doc loan if you have been self employed for at least a day.

Just look around. There are plenty on this forum and if you can't find someone you could post here asking for recomendations. I think their fees are around 2% of the purchase price.

Hi This is fairly common. I have a friend buying the commercial shop which they are renting by using this method – and they will be paying less than the rent they are paying now and will end up with the property.

Hi Andrew

It is a bit difficult as you are mixing business and pleasure with the one block. Having a trust will save you tax by allowing distributions to the non-working wife, but you may pay tax on the owner occupied portion which you could avoid if you purchased in your own name.

There are a few options which you could consider such as buying…[Read more]

Hi AdnrewIt is a bit difficult as you are mixing business and pleasure with the one block. Having a trust will save you tax by allowing distributions to the non-working wife, but you may pay tax on the owner occupied portion which you could avoid if you purchased in your own name.There are a few options which you could consider such as buying a…[Read more]

Yes, you can set up a 100% offset account linked to your investment property loan. You will not be paying down the loan with any deposits to the account. It is totally separate to the loan with its own account number so you can make deposits and withdrawals without tax consequences. It is very common and I have been doing it for years.Maybe you…[Read more]

I have bought about 10 properties unseen. I wouldn't recomend it though unless you can get someone you can trust to look at it for you. You never know what is next door or around the corner. Using a buyer's agent is a good idea, they charge fees for their service – but it could be worth spending the money as it could save you a lot in the long…

Jackie1966 wrote:
If all offers were accepted then I would imagine that the bank wouldn't loan you the money to buy all the properties anyway so you could legitimately cancel under the finance clause, couldn't you?

Possibly, depending on how you were to word the clause and the vendors were notified in time.

HiIs it possible for foreign non residents to get finance to purchase in Dubai?

Its a bit complicated in renting a property from a company you are a director of as your employer will be providing you with a benefit and there is Fringe Benefits Tax to be calculated. This is very confusing (to me anyway).As far as I am aware your company will have to charge you market rent and you will just pay this as if it is a third party…[Read more]

Hi EnigmaUsually DT deeds are worded so that a company in which you are director or shareholder will also be a beneficiary of the trust. Usually the company does not have to be in existance when you set the deed up so they can be added later when needed. Having a company as trustee is a different matter and is mainly used to protect yourself as if…[Read more]

It will be very hard to find someone as you may need several professionals. The best way is to start researching things yourself while using the best people you can find and learn as you go.There is a good general book on financial planning called "DIY Financial Planning" but no book is going to have all the good stuff in it as things are changing…[Read more]

I know of the situation in Japan, and if you are working there, earning yen you can get loans for Aussie property in Yen at rates around 2%pa. But you must refinance if you were to leave the country. Don't know about other countries.

I think the problem with buying overseas is getting finance. How hard is it to get finance if you are a non-resident?

I would be very careful in making offers. you could have binding contracts if your offers are accepted and multiple binding contracts could be painful!

Good work Peter. Imagine what you can do when the PPOR loan is paid off and you can divert those repayments into more investments.

I agree that it is probably not a good idea to set one up until you know what you will be doing – You will need to lodge tax returns and ASIC fees (if company trustee) etc so it could be costly. Just start doing the research now and get ready.

Hi GlennHere are 4: 71023 http://ato.gov.au/rba/content.asp?do…tent/71023.htm   65710 http://ato.gov.au/rba/content.asp?do…tent/65710.htm   66594 http://ato.gov.au/rba/content.asp?do…tent/66594.htm   66298 http://ato.gov.au/rba/content.asp?do…tent/66298.htm The National Tax and Accountant’s Association has published a us…[Read more]