WF

Usually they get their solicitor to put one on, but they could do so themselves. I was charged about $60 once to put a caveat on a property, so it is not so expensive.

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

Does anyone in Thailand need to talk to a mortgage broker?

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

I have created a trust for a business using lawcentral for $275 and it is working ok so far!

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

Good points Aussiemike.

BTW. I made another post recently about a court case where the director of a corporate trustee was held liable.

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

Options fees are often 1 to 2% of value, but you can negotiate whatever you can. But the agent won’t be happy as Rob mentioned. Maybe you could promise to pay him extra now and then again on settlement.

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

Wallflower

I don’t know about that? I think it dpends how frequetly you buy and sell. I don’t think a trust has anything to do with it as my trust has had to pay CGT – sorry, i meant distribute capital gains.

fjficm

Another strategy. Macquarie Bank, ANZ and CBA all offer some sort of capital guarranteed share investments. They work with the…[Read more]

I agree with Richard. You are supposed to tell them, but if you do they won’t lend you the money!

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

hi there.
Rob, I know of a team of solicitors that sepcialising in removing entries from CRAA files – legally of course. They use some small mistake or technicality of the lister and threaten to sue them if they do not remove the entry. it seems to work with judgements and defaults.

Liz, I had an application of mine initially reject by westpac…[Read more]

Hi James

I don’t think that applies to property, but to certain other types of assets (like machinery etc??).

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

Wayne
The company must pay tax on its profit, so taking the money out won’t cost you anymore in tax unless you are on a higher bracket than 30% (franked dividends).

I would be using a trust to invest in property myself, rather than the company. And using a trust, you may not have to pay any CGT, however if you do, you have more flexibility in…[Read more]

Colin

Get some expert advice.
but firstly look at http://www.chrisbatten.com.au for some good ideas.

If you structure you purchases correctly now, it maybe possible to transfer you property to a smsf without incurring stamp duty. If you need to – that is.

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

Wezwas

This sounds like a reasonable figure. using a mixture of business, shares and property a 10% return is not very high.

eg. Imagine if you used this money as deposits for wraps. $20,000 deposits on 15 properties returning $3000 pa each after costs = $45,000 plus all the capital gains on cashout.

Terryw
Discover Home Loans
North…[Read more]

Kay

You can still get units in Sydney for $140,000! Campbelltown, Cabramatta etc.

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

There is a really good book which I bought years ago. But I have jsut lent it to a client and forget the title. It was something like
“How to pay your mortgage off years sooner..”
the author was from WA from memory.

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

Denyell

Hopefully your rents will service most, if not all, of your loan repayments.

I think DD has it down pat. If you are planning on buying and selling, then just using a LOC secured on another property may also be an option as it reduces costs.

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

fjficm

I beleive that is correct. You, or the trustee, can distribute as you see fit – any percentage you like. So if you have some bennies give them as much as they can handle, then the rest could be diverted into a company.

Supa Freak. You technically are giving them the money, but they may give it back to you. Usually it is just a paper…[Read more]

I agree with Michael. Just use the forums to get some ideas, but don’t act on anything without getting proper advice.

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

I have heard Roy say that too. He also said the legal fees involved would be an amount similar to the stamp duty anyway.

Cnetrelink make it hard on pensioners. If your mum rents out her current home, the rent may result in her losing pension or having it reduced. Why don’t you ring them up and explain the situation and see what they suggest. They…[Read more]

It can be done in Vic and NSW on installment contracts. In QLD and Tas, it looks like they only get accees to the FHOG after living in the property for 12months.

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

I wouldn’t be so direct as Rob, but…

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