Make sure you speak to a solicitor. In NSW you could be up for stamp duty again if you nominate an non related party. I think a spouse would be OK though.

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

You won’t get a discount, but holding an ABN may qualifiy you with a ‘better’ lender who may have cheaper rates.

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

I almost forgot, Steven (Mobile Mortgage) from this site is also in Melbourne – I think.

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

Home

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

Try lawyer, Lewis O’brien in Victoria. I think his website is http://www.lawyer4nix.com.au

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

Yes, good points.

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

I think Derivex was offering 95% for commerical???

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

Try Stuart from these forum.

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

You should probably get a second opinion. Most accountants know little about trusts.

Firstly having two directors of a company these days is not a good idea. Directors can go down with the company, so it is best to have one, just in case… No use both of you going bankrupt if sued.

Having one director will also mean having only one of you…[Read more]

One thing I can think of is Land Tax. Trusts usually don’t get any tax free thresholds.

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

check out http://www.chrisbatten.com.au for some more stuff on SMSFs and buying property.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email me

You should probably keep working full time as long as possible. Cutting back work is good for finding deals, but bad if it reduces your income for serviceability.

Also get an ABN now. Once you have been self empoyed for 2 yrs or more, you will qualify for cheap low doc loans.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to…[Read more]

I’ve used them to set up two trusts myself.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email me

Ggumpshots

If you are talking about Australian law, this forum may help:
http://www.freelaw.com.au/yabbse/index.php

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email me

There are many different low doc lenders out there. Some will lend for any suburb in Australia – as long as it has a postcode. Others, mainly the mortgage insured ones, can only lend for certain postcodes.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email me

ANZ have just announced they are putting up their fixed rates next week (28th Feb).

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email me

Andy

Most loans just rollover into PI loans at the end of the IO term. No new credit checks are usually done, unless if you want to increase the loan amount.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email me

I don’t really see the point in investing in NZ or usa etc if you are going to buy just one or two properties. The accounting fees, bank fees etc are going to eat away most of the profit. And then there are the hassles of not living there, added telephone bills, travel expenses etc.

If investing overseas and you are a resident here, you will have…[Read more]

Yes, you should be able to claim for those things and more. In fact, you may be able to back claim for the last 4 years.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email me

Originally posted by Kiwi-Fulla:
Is it a possibility for you to live in a rented house and rent out your PPOR so that it can be +CF and interest is tax deductible

This is not possible as if the money trail is followed (by tax department) the original intention for the loan to purchase the house for a PPOR thus no claim or deduction can be made…[Read more]