lol maybe they didn’t like the use of the word “penis” :)

This being said not sure if you saw my post about the issues we are having with St George Bank as of last Thursday…..so proves my advice was worth the paper it was written on as well :)

What about locking in for 5 years Richard? Whats the going rate for <70% LVR on 5 year fixed IO?

Not without a break fee and I’d rather chew nails first :)

I can if I want to pay a break fee on the fixed loans……

The whole point of the Portfolio Loans was to get the advantage of the equity from each property when purchasing the next.

Luckily we have one property variable with $200k available so depending on what happens on Monday we’ll basically start shopping in a week or so for another bank…[Read more]

Hi Richard, we know about the 70%LVR for expats, this has always been the case and isn’t the issue here (we are currently 54%LVR and more or less neutrally geared) the issue as I’ve been told is NO FURTHER PORTFOLIO LOANS for expats.

Exact quote
“I’ve also received confirmation we can no longer offer the portfolio line of Credit to n…[Read more]

Hi Richard, we know about the 70%LVR for expats, this has always been the case and isn’t the issue here (we are currently 54%LVR) the issue as I’ve been told is NO FURTHER PORTFOLIO LOANS for expats.

Exact quote
“I’ve also received confirmation we can no longer offer the portfolio line of Credit to non-residents. Even if I could give you the l…[Read more]

BTW don’t get me wrong this isn’t a china only thing, there is an apartment building just up the road from me in Brooklyn Heights NY that is on a short term land lease.

http://streeteasy.com/talk/discussion/24318-building-at-100-remsen-street

As for the breakdown of assets, no idea how that’s going to go down, my advice is to wait….you’re probably going to need that 200k to buy out your wife and as you seem to have your head screwed on right you wont want to be selling property you’ve already paid stamp duty on in order to do so……

Stick it into an offset to help you save…[Read more]

Wow about the AVO and losing your job with armaguard because of the need to be carrying….. interesting conundrum.

Firstly….use a condom or be prepared to pay…..minimizing income so you don’t have to pay child support…..you sound like a dick.

This being said….and in the interest of helping you get more income so you can afford to pay child support I have a few questions.

1/ where are you living now? and do you have any equity in that property as you…[Read more]

Firstly….use a condom or be prepared to pay…..minimizing income so you don’t have to pay child support…..you sound like a dick.

This being said….and in the interest of helping you get more income so you can afford to pay child support I have a few questions.

1/ where are you living now? and do you have any equity in that property as you…[Read more]

Firstly….use a condom or be prepared to pay…..minimizing income so you don’t have to pay child support…..you sound like a dick.

This being said….and in the interest of helping you get more income so you can afford to pay child support I have a few questions.

1/ where are you living now? and do you have any equity in that property as you…[Read more]

Interesting because in the USA cost base is zero as of death date….though we have inheritance tax if sum is large enough.

Heres the relevant ATO inheritance and capital gains page

https://www.ato.gov.au/General/Capital-gains-tax/In-detail/Gifts,-inheritances-and-deceased-estates/Inheriting-a-dwelling/?page=3

Its ridiculous though….how…[Read more]

To be honest I’m surprised it doesn’t happen more often…..

I’m assuming would need to be an option to “not go through with purchase ” right in order to pass ATO requirements of true risk (but what the heck do I know) but I’m sure a vendor would be happy with a 10% down “option to purchase with no refund if sale didn’t actually happen after the…[Read more]

I’ve asked before but is there something that you can do to move a contract date…..eg if you write “an option to purchase on XYZ date” is this enough to move the date?

Can you afford to buy a 2br(3br?) in glebe and rent out the other room(s)? when you finish your master you can keep it as an investment property and rent it out as an IP.