You could possibly offer them a fee for any sucessful applicant.

Terryw
Discover Home Loans
North Sydney
Terry@discoverhomeloans.com.au

http://www.gatherumgoss.com

Terryw
Discover Home Loans
North Sydney
Terry@discoverhomeloans.com.au

are you sure about the lending? Check out the postcode at:
http://www.pmigroup.com.au and look for the location wizard. You probably could go as high as 95%

Terryw
Discover Home Loans
North Sydney
Terry@discoverhomeloans.com.au

Originally posted by Bris4171:
Dazzling,
Regarding your “Point 1” can you confirm (or not) my understanding:
Currently I have 2 properties owned by the same Fam Trust and hence suffer from the compounding regime, huge land tax bill!!!
So to applying your point 1, if the trust sells 1% of one property to me then these two props are treated as…[Read more]

Yes, how will they get funds for the construction?

I suppose they could pay cash, but if they had the cash for that they would probably be able to get finance for the land.

Terryw
Discover Home Loans
North Sydney
Terry@discoverhomeloans.com.au

If your option contract allows it, you maybe able to assign the option to the new purchaser.

Terryw
Discover Home Loans
North Sydney
Terry@discoverhomeloans.com.au

A wrap is where you sell a property that you own on an installment basis. Property has been sold, but is being slowly paid off.

A lease option is where you sell a option to purchase to the tenant. Property remains yours.

Terryw
Discover Home Loans
North Sydney
Terry@discoverhomeloans.com.au

Dazzling

For what its worth, i recall from my studies that contracts do not have to be in writing to be enforceable, except those contracts dealing in land – ie. sale of land, mortgages, and tenancy. Therefore if there is no written contract, then there is no contract.

So I think you need to quickly take the matter to court, get teh court order,…[Read more]

pmi will do most suburbs with a postcode, check out the location on their website at:
http://www.pmigroup.com.au

Terryw
Discover Home Loans
North Sydney
Terry@discoverhomeloans.com.au

Interesting Milly

I had some clients about a year ago, 3 of them who owned a property jointly in a trust – or at least they thought they did. Their solicitor made an error and the title was registered in their names instead of the corporate trustee. They had no idea and had been doing their tax returns etc as if the trust owned the…[Read more]

Since it is an owner occupied home, from a taxation POV then there shouldn’t be any difference. However if you were going to move out and rent this place at a later date, then an IO loan with an offset account would be much better – this enables you to keep the loan high while reducing interest by puttin geverything into the offset account.

Most…[Read more]

Yes Michael is right. It is not likely that anyone would be able to get a property that doubles in 12months within this climate. I actually thought of another one after I posted. 2 of the clients were in smaller country areas -mining towns, but the third client did it in Sydney, a few years ago, by buying a housing commission house (where she was…[Read more]

I’ve seen 2 recent clients whose properties have more than doubled in value within 12 months – without much outlay. Can be done.

Terryw
Discover Home Loans
North Sydney
Terry@discoverhomeloans.com.au

Hi MattR

My understanding is the titles have to be changed to the new trustee’s name, but there is only a nominal fee at the State Revenue office to do this as the beneficial owners remain the same.

ps where are you studying law?

Terryw
Discover Home Loans
North Sydney
Terry@discoverhomeloans.com.au

The above post is an article in written Japanese. If you haven’t got Japanese fonts installed, then it will probably appear as boxes.

Terryw
Discover Home Loans
North Sydney
Terry@discoverhomeloans.com.au

Dan

LVR in both your original scenarios would be the same – I think you realised this.

And I agree with Richard’s approach. Maybe you could take ANZ’s standard rate for the new loan and get the offset account on that one. You could also approach them about switching over the original one too and maybe going onto their professional…[Read more]

外資の不動産買収が急増＊過去数年で４兆円＊業界試算
2005/09/14, 北海道新聞朝刊全道, 3ページ, , 595文字

　外資系の金融機関やファンドによる国内不動産の買収が急増し、この数年間で三、四兆…[Read more]

Hi C2

I’ve checked a few posts, and they are actually coming up in mojobake on my computer too. But when i did a search in my gmail account, the articles are coming up ok – they are all in Japanese. If you want to read any one in particular, then I can repost or email it to you. just let me know.

Terryw
Discover Home Loans
North…[Read more]

careful planning from the beginning is necessary. Plan on which names to buy in or not buy in, get your ABNs now in anticipation of getting a low doc at some stage. Get part time jobs if necessary etc.

In the end, if you have equity/depists then you can continue to get loans.

Terryw
Discover Home Loans
North Sydney
Terry@discoverhomeloans.com.au

Hi Bruce

I found your original post confusing.

One the one hand you are saying trusts are not really necessary, then you go on to talk about ASIC and director’s duties.

My point was if you did hold you assets in a trust (done properly) and you were pursued and bankrupted (by ASIC or anyone else), then your assets held in trust would have been…[Read more]