Albert Waldron replied to the topic SELECTING A PROPERTY ACCOUNTANT (AND WHAT TAX STUFF TO CONSIDER)… HELP! in the forum Finance 9 years, 8 months ago
Hi Mike, – talk to lots of professionals who invest.. not just an accountant.. I am currently assisting a client whose accountant gave him reasonable accounting advice but sent him in completely the wrong direction and the result is he is now considering selling his entire property portfolio, again on his accountants advice. When in fact what he…[Read more]
Albert Waldron replied to the topic Accessing Super for Investing in the forum Finance 9 years, 8 months ago
Wow how the world of lending to Superannuation funds has changed in the last 10 years
Albert Waldron replied to the topic New Zealand offering 10 year fixed rates…….what are your thoughts? in the forum Finance 9 years, 8 months ago
Hi Mic, Yes, I have done a few 7 & 10 year fixed rate loans but to property investors who where heading overseas for extended periods. I think Australians are happy to take a bit of a gamble on interest rate because they believe rightly or wrongly that in the long run variable interest rates will average out lower than the comparable fixed rate.
Albert Waldron replied to the topic Selling trail books? in the forum Finance 9 years, 8 months ago
Hi James, Terry is right – investing in trail books can be a risky thing and while you can put in contractual obligations with the seller against things like clawback it can still be difficult. I would suggest teaming up with a mortgage broker and paying them a small cut of the trail to help manage the book and any refinances. As long as you stay…[Read more]
Albert Waldron‘s profile was updated 9 years, 9 months ago
Albert Waldron replied to the topic Joint Loans: Negatively geared and capital gains for couples in the forum Help Needed! 9 years, 9 months ago
Hi Fudge111 –
You are correct in your assumption that the rules that whichever owner/ borrower was directed the rental income or negative gearing tax deductions would by default also be the same owner/ borrower that the capital gain would need to be applied to once it is sold.
The best way around this would be to look into a Discretionary Trust…[Read more]
Albert Waldron replied to the topic Family/Equity guarantor loans – extended family member in the forum Finance 9 years, 9 months ago
I think the most important thing is to get everyone in a room together and talk about the upside and the downside.
Why do the Aunty and Uncle want to help out, and what the downside if something goes wrong.
They are a great asset protection method where people want to help out a newly ‘married/defact’ couple and protect their assets should the…[Read more]Albert Waldron posted an update 9 years, 10 months ago
Moved office to Gordon
Albert Waldron changed their profile picture 9 years, 10 months ago