Forum Replies Created
hi Steve
I think it will be unfair to terminate someone’s ac for their negative views, we as users need to know both sides of the stories, when a forum member asks a question the replies are generally from people who are business owners and although they may provide the right advice it still is a business and everyone needs to ask if the answers are bias towards a particular scenario.
many of the old time members will give the right advice but there are quite a few people here who are trying to promote ideas and investments that the general people like me have no clue about and if then there is someone like Freckle who can come up with data and negative views then it gives the argument a balance. not everyone agrees with each other and having a skeptical opinion is not necessarily a bad thing. besides having negative views are not a breach of T & C ( as far as I know). if we only have business owners commenting on posts then in time this great forum will become more of an advertising platform.
Is it better to invest in higher-valued or lower-valued properties, if you had the same money to invest?
for me these are both the same- reason being the value is the same- price is different- just to elaborate if you buy a 250k worth of property at 260k then that was not cheap- you overpaid and therefore this was an expensive property. at the same time if you bought a 500k property at 490k then that is cheap. hope that makes sense. so if you had lots of money to invest it would not make a difference if you buy a property that is priced at 250k ( not valued) property or 500k priced property. however for my investment i want to buy a property below its actual value .
even if your father was tricked to buy a comm property under the disguise of resi property the bank would have known from the contracts so best to aks the bank to clarify this
this does not sound right- how can a residential apartment become a commercial property without notification to your dad and the bank, you may want to consult with a solicitor before making any decisions as my understanding is the banks check and value the property before giving a loan and they would have seen the zoning ( resi or commercial) at this stage. am i missing something here
WOW Fascinating info- thats why cba share price keeps going up but their price to book ratio is 2.6 times? now i know how they achieve that. so this tells me that the aussie big banks that are considered by many as "Too Big to fail" is like saying "Too fat to Die". thanks Freckle for that info
hi JACM i am not worried about the deposit or savings ac etc- it is more like HSBC is such a giant that if they collapse they will take a lot of countries and banks down with them triggering something massive like a GFC- i am wondering how that will affect our aussie banks which are considered so safe? or may be it could be nothing and i am just thinking too much.
hi Jacqui that makes sense, i am wondering why my accountant says it will put me into the higher bracket, i will try and clarify this with him
hi all thanks for the replies,i will confirm withh the accountant again but i am pretty sure what he said was that iam in the 30% tax bracket and if i claim deprecitaion i will be into the 46% bracket and have to pay more tax.
generally speaking the vendor will allow only 14 days for finance clause for OTP, the settlement will be 1-2 years away which means you will be going unconditional after these 14 days, the banks may not approve your loan after 1-2 years if your circumstances change and you may loose your deposit.
hi Xdrew very interesting view- a good read. on the subject of Diamonds i happened too read this sometime ago and i think it is a interesting theory on diamonds. http://au.businessinsider.com/why-diamonds-are-a-sham-2013-3http://au.businessinsider.com/why-diamonds-are-a-sham-2013-3
ok cool that makes sense. also Oscar just to get a very rough idea- what would this sort of construction cost if i was to get a builder to do it – just the cost of building i mean ( not planning to do it just yet but curious to know)
hi Oscar the project looks great, could you please confrm if you did residential or commercial loan and which lender, also which builder as the price looks quite reasonable for 3 units. thanks
It seems DIY rendering is not for me given my basic knowledge and skills- will save up and get the pros to do it. thanks everyone for the replies
that explains it thanks melanie
cool thanks
money secrets of the rich by john burley- loved it
hi mike
i know someone who is on a similar visa and has got a loan for his home. so i think it is possible, i will ask him and confirm
regardsTerryw wrote:That's an idea. Sell the PPOR CGT free and move into one of the investments.Also, considering the other properties were inherited there are CGT concessions which should be looked into.
hi terry
if he moves into an ip with no loan, and rents out the ppor with loan, will that loan be deductible debt
thankshi haratio,
your mum also needs to consider the pension income which may be affected by centrelinks income test and asset test,PaulDobson wrote:Hi
The following could be ruled as an ad. If it is, so be it but I know there are a lot of Vendor Financiers out there worried about the requirement to get an Australian Credit Licence (ACL).
Vendor Finance Institute Pty Ltd is about to commence a series of Vendor Finance ACL courses in Sydney, Melbourne, Perth and Brisbane. Details of the course dates are available at:
http://www.vendorfinanceinstitute.com.au/upcoming-events-2.htmlThe first 3 days of the course is training to complete the Cert IV in Financial Services (Finance/Mortgage Broking) and the 4th day covers the ACL application , as it relates to Vendor Financiers.
Cheers, Paul
Hi Paul does this mean that anyone involved in the credit industry eg financial planners, Brokers etc(who have a licence already) do not need a new licence to do vendor financing?
Thanks
Harry
