Andy

You can get this document from the land titles office directly. Which state are you in?

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

Brokers are often approached by ‘marketing’ companies who wish us to refer customers.

There is one out there that offers us 4% commission (of sale price) for just referring customers.

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

Thanks Scott. I notice you can also subscribe for email updates on various topics!

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

Kim

Surely with a loan agreement interest could be charged and hence claimed. At the seminar, did the ATO mention a written agreement? Without one, it probably could not work, but with one it should.

BTW, there was a recent case in the AAT where the ATO disallowed the interest claimed on a loan in a personal name where the funds were used by the…[Read more]

I beleive it is the date you signed the contract of sale. I am not sure how these work exactly, but you would have signed an option contract initially. At some stage, you would also be requried to sign a contract of sale (this may have been at the same time).

But if you are assigning the option, it would probably be the date you signed the option…[Read more]

I don’t think ASIC require licencing by these sorts of companys, just the real estate licence. It may depend on how much of the advice they start giving you.

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

She needs some good advice before doing anything.

If she stays as is and rents to students, she could lose her CGT exemption totally (I think), and since the mortgage is low, she would have to pay extra tax due to the higher income and low deductions. This may then effect the overseas debts, super etc.

If she just increases the loan to claim…[Read more]

I think they might be talking about setting up new structures and then not telling the new lender about the personal guarrantees given with the old structure??

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

Only you can decide if you can afford it. It would depend on your risk tolerance levels!

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

If it is the document number of the certificate of title, then you can get a copy of the mortgage document to find out the original amount lend. (I did this last week in Sydney re an investigation into a family law matter). But it won’t tell you how uch is currently owing and you cannot get that from the lender for privacy reasons. Cost is about…[Read more]

I think consideration is different to deposit. There would be no requirement to put down anything at all if the vendor could agree to that.And it would still be a valid contract. Consideration is the promise to pay the full price.

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

Hi

1) I think that having a guarrantor for a loan in which you put down a 10% deposit like this is rare. Maybe it was done to save LMI fees?

2) you could have even put down a 5% deposit without your wife or other property being utilised. Using your other property ties things up unnecessarily and using your wife adds risk unnecessarily.

3) It…[Read more]

You may have to borrow you money and to then on lend it to your company for the company to claim the deducitons. It should be OK, but you may need a written loan agreement to back it up in case of an audit.

Don’t wory too much about the small default, these are mostly ignored if you have a good reason.

Terryw
Discover Home Loans
North…[Read more]

It should work as a way to claim extra deductions early on and to save tax. But you may lose the CGT exemption and it may end up costing you more than you save in the long run, if not done properly.

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

Yes banks will lend you, or the trust money as it will have the investment property owned by the trust as security. It will be just like a person buying their first house.

If you are going to be buying property with no growth, then the only way to keep on going is to keep on coming up with deposits from savings. Generally the more properties you…[Read more]

Hi Carlin

That sounds strange. A super fund is really just a trust. The trustee can be a company of individuals as with a discretionary trust. The same trustee could possibly be used with both your discretionary trust and the super trust, but a super trust could not be a trustee of a trust.

I don’t think there is any way of getting money out of…[Read more]

I beleive there is no GST on established buildings, just new, so PR1 should be GST exempt. Since you lived in it as your main residence, you could probably claim a CGT exemption on PR1 too – unless you are claiming another place suring the time you were living there.

A good place to start your research is:
http://www.bantacs.com.au
There are a few…[Read more]

I wonder why he just didn’t get the AFS licence?

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

I think it is a bit more complicated in SA. You need to speak to a Lawyer who knows this area as some LOs if not structured properly could turn out to be classed as installment contracts and you could fall foul of the law.

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

That makes it hard for us NSWers! we have this stamp duty and the Vendor Tax. No wonder not many people are investing in NSW.

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