Its more likely the mortgage insurers that are problem. You could try ANZ or St George – but will depend on what LVR you need.

Have a look at this posthttps://www.propertyinvesting.com/forums/property-investing/help-needed/4322681I think if Capital growth is minimal there is no point in investing in these things.

I think you can amend your tax returns for up to 4 years. If there is something you missed, you cannot just claim it the next year, but must claim it in the year the expense occurred. Stamp duty can only be claimed against the capital gain (except in ACT I hear?) but mortgage insurance is a borrowing cost and can be claimed over 5 years or the…[Read more]

If you are a keen reader and want to do well in investing and business I would suggest you look at some tax books and some law books (contracts, Trusts, Company law, Land Law etc). You can go into the uni second hand bookshops and pick up some slightly out of date textbooks very cheap – I got one on Trusts the other day for $5!

1.Its always good to pay down non-deductible debt. You can do this and release equity at the same time.2.You will need to do some research and invest somewhere you are comfortable with.3.I have bought a lot of properties unseen. I don't recomend this as you can get into trouble like one of my clients whose property was so run down it was valued at…[Read more]

HiI don't think there is a way to transfer the title and ownership without paying stamp duty. You may be able to work out some sort of lease option method whereby beneficial ownership is slowly transfered from yourself to the relatives slowly over time. The stamp duty would only be payable on the transfer of title, but the other party could have…[Read more]

These ones are very small and very hard to sell. I knew someone who had one and there she was trying to sell it for the same price she paid for it 10 years ago.

It is generally not possible to have the mortgage in a different name to the title unless between spouses or company/director etc. I did one with a loan in the son's name and property in the mum's name, but had to go to a small private lender.But you parents would probably qualify for a No Doc loan at 70% LVR.

Lenders won't change their mortgage contracts for individual clients. It would be legally too complex and costly. And don't worry about the total amount paid over 30 years too much as the average loan only lasts about 3-4 years before people refinance.

You generally cannot get 100% offset accounts on fixed loans, but can set up a savings account and have the interest direct debited.

What they could do is, either,1) Set up a LOC against their current property and use this for deposits and costs with the remainder coming from 80% LVR loans secured on the new property.or)2) Use the existing house as security and borrow 105% of the value of the new one.I prefer 1 as it keeps the properties separate, ie not cross collateralised.…[Read more]

I think you have to fill in a CGT schedule if you have had a CGT event, even if there is no profit, and especially so if there is a capital loss or a gain.

HiThe usual requirement for many No Doc loans is being self employed for at least 1 day. This should enable your mate to qualify for a 70% LVR loan as soon as he gets an ABN.

I would only start paying investment loans down if you have paid off all of your non-investment loans first.

http://www.guardianpartners.com.auMike is very knowledgeable about property and trusts

The bank will only lend on what it is at the moment, but just having the approval to subdivide should have added value and increased the amount you can borrow.

i would be inclined to paid off her loans too. And then you can both start saving faster for the next property.

I believe that Julia has argued somewhere that just because you have to ability to pay the interest with other money doesn't necessarily require you to do so. I have spoke to someone who was high up in the ATO about this, and his view was similar to Julia's and he also added that having the LOC and the investment loans at different banks would…[Read more]

jsawtell wrote:
Thanks Terry and Hans.A question. If I put the $110k into my own PPOR creating equity, and then redraw it and loan to Company/Trust to buy property then that $110k against the PPOR would be tax deductable against my tax? Or am I a bit tired and not making sense?Appreciate your comments

it wouldn't be deductible against your…[Read more]

With depreciation the ATO allows your to claim a pecentage of the decline in value of your property construction costs and fixtures and fittings. eg. If your house cost $100,000 to build, you may be able to claim $2500 pa for 40 years. Carpets costing $1000 could be claimed at 20% per year for 5 years etc. It all adds up and saves you tax. These…[Read more]