You do not have to use a solicitor to make a will. But if you do something wrong – eg getting a beneficiary to witness it, it could end up being uselless.

check out http://www.lawcentral.com.au for some wills you can purchase on line. also look up testamentary trusts.

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

It would be very hard to use a managed fund as security, but you migh be able to use a term deposit as security for a housing loan. But in the end, this would be just like putting down the cash for the loan which would be a lot easier and cheaper.

There are also a few lendersout there lending 100% of the pruchase price.

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

Hi Mike. Stamp duty makes these sorts of deals tough as it eats a lot of the profit.

If it is a divorce settlement, then the person may be able to get a loan based on valuation rather than the price they are paying for their share. But, they may still need to show income to services.

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

For deposit bonds, you pay the fee up front, depending on the lenght of the bond and the amount etc.

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

Agile

You can use your equity by obtaining a LOC on your Australian properties and then using this money as deposits for your NZ property.

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

You assign for a fee.

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

Neither – look at trusts.

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

Also go down to your local court. There are various brochures available regarding debt collection. You also may be able to find collection agencies that are willing to collect your debt for a percentage – 10 to 20% depending on the size.

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

Q. What is the best loan structure for investing?
A. It depends, probably IO would be better for investments, with each loan stand alone (ie not cross securitised)

Q. Should I have all my loans at one bank? (Mates rates?)
A. Sometimes you can squeeze discounts out of a bank if you have leverage. But then again, having all you eggs in one basket can cause problems when this bank says you cannot borrow any more.

Q. How soon should I get an accountant involved?
A. You should probably get an account involved from the beginning.

Q. Whats different about a trust account?(Is that a blonde question)
A trust will save you tax, and help wtih asset protection.

Q. Whats the quickest way to be able to get together deposit for IP’s to avoid morgage insurance?
A. Save like mad, wait for values to increase and access the equity.

Q. What is the CG tax rate?
A. There is no rate for CG. Usually half the gain, less costs is added to your other income.

Q. When does it apply? And what conditions are there?
A. When you sell an asset, if held, more than 12 months, then only half the gain is assessed.

Q. Is this too much?
A. No.

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

Hi Kevin

This sounds like a lot of trouble to save a few dollars per week. Sometimes ahving an agent is good to put some distance between landlord and tenant. eg. it is hard to tell someone that their rent is going up, but much easier to do if you go thru an agent. So you could be ‘squeezing’ out a few more dollars if you actually used an agent.

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