Hey. What a great idea, changing numbers on the unit doors!!

Terryw
Discover Home Loans
Mortgage Broker
terry@discoverhomeloans.com.au

Have a look at the book, “Trust Magic” too.

Terryw
Discover Home Loans
Mortgage Broker
terry@discoverhomeloans.com.au

Hi

There is no real point in rolling all your loans together as the repayment over would be similar. It would be good to have an unencumbered property tho.

There is one way of selling and keeping at the same time. You can do this by setting up a trust, and selling to your trust. Stamp duty and CGT may apply, but you will be able to increase your…[Read more]

Hi

It looks like you are in a really good financial position so you coulod do various things, but probably the most important thing is to get started on something.

I’ve seen a lot of people do various courses, they come out pumped up, but then the feeling gradually fades and they end up doing nothing.

But don’t just jump into anything, chose an…[Read more]

It is interesting to note Homeside has also relaunched their low doc loans. I haven’t had a good look, but beleive you can get them at normal rates.

Terryw
Discover Home Loans
Mortgage Broker
terry@discoverhomeloans.com.au

Aperry, you can do this (order directly), but it is unlikely the bank will accept it as is. Some flatly refuse, saying they must ‘instruct the valuer’ (to put a low valuation??), others will need the valuation addressed/assigned over to them. Valuers will do this, usually for another fee of around $100. You also should inform the valuer it will be…[Read more]

Hi Alf

I haven’t heard of that one either and it sounds strange to me. If you are part of the professional package, then an account needs to be open, but not otherwise. However they do give a $100 discount off the app fee if you have payments direct debted from an ANZ.

If they keep arsing you around, just open an account (it should be fee free…[Read more]

Get LOCs on those donkeys[blink].

Terryw
Discover Home Loans
Mortgage Broker
terry@discoverhomeloans.com.au

Wouldn’t touch it!

Terryw
Discover Home Loans
Mortgage Broker
terry@discoverhomeloans.com.au

Yack, Yes it will appear on her credit report and that will cause problems when getting finance. Especially if unpaid. Most will not touch it, some will want it to be paid before approving finance.

Terryw
Discover Home Loans
Mortgage Broker
terry@discoverhomeloans.com.au

try
http://www.mintgroup.com.au
http://www.businesslawyer.com.au
http://www.strategicwealthmanagement.com.au

all in Syd

Terryw
Discover Home Loans
Mortgage Broker
terry@discoverhomeloans.com.au

Gee that’s a nice surprise. There is probably something in the lease saying they cannot run a business from your property without your permission. But it shouldn’t be too much of a problem, unless a customer trips etc on something and it ends up being the landlord fault. Better check your insurance policy to see if it covers a business (and its…[Read more]

Give family and friends gifts that you can deduct!!!

Terryw
Discover Home Loans
Mortgage Broker
terry@discoverhomeloans.com.au

Phil, that was just an example!!

Terryw
Discover Home Loans
Mortgage Broker
terry@discoverhomeloans.com.au

You can find out their name by doing a title search for about $10 online. Once you know their name, it still may be hard to find them though. I htink councils would be reluctant to give out that info. When I was in the police, they would give the owners postal addresses to us over the phone, but some councils were reluctant.

Terryw
Discover Home…[Read more]

LifeX

The ATO looks at the purpose of the funds, not the security. If you increase your loan on an investment property to purchase a consumer item such as a car or home to live in, then the interest won’t be claimable. But if you were to purchase an income producing item, eg business, IP, etc, then the interest would be claimable. It doesn’t…[Read more]

Tam

you had better talk to a solicitor about this. I beleive it would be possible to do. There are stamp duty and CGT implications, but if a trustee is changed (to your mum) and the beneficaries remained the same it would be possible to avoid these taxes. check out http://www.taxlawyer.com.au look for ‘resettlement of trusts’. BTW, you and your mum…[Read more]

When have Westpac’s economists ever got it right?

Terryw
Discover Home Loans
Mortgage Broker
terry@discoverhomeloans.com.au

Hi. P

your accountant is correct (sort of), the trust distributes the money to individuals who pay tax at the individual rates, so in effect the trust is paying tax at individual rates.

And don’t worry about trading history for the banks. They will accept a trust one day old, because they focus on the trustee not the trust. The trustee (or…[Read more]

Summer. yes, just mortgage them to someone in your family. eg you owned a $1mil property with a $200,000 loan. Allow your dad to take out a $800,000 second mortgae. That way if you get sued, your have no equity.

But on the otherhand, if your dad gets sued your in deep shit!

Terryw
Discover Home Loans
Mortgage Broker
terry@discoverhomeloans.com.au