Hey mate,

Happy to help.

Ok, let’s talk short term.

Option iv is clear (buy land, build house, sell). What’s the plan regarding each of the other options? How do you plan to make a profit quickly with those ones?

We’ll then be able to zoom into figures 👍😎

👆👆👆👆👆👆👆

So many figures are missing to even begin considering the options. And then we’ll need to look at your specific situation.

Long term or short term are two very different things. Many times the best long term option is the worst short term option so I suggest that you first decide strategy, then review, understand and hopefully…[Read more]

👆👆👆👆👆👆👆

So many figures are missing to even begin considering the options. And then we’ll need to look at your specific situation.

Long term or short term are two very different things. Many times the best long term option is the worst short term option so I suggest that you first decide strategy, the your financial position, then the answer…[Read more]

👆👆👆👆👆👆👆

So many figures are missing to even begin considering the options. And then we’ll need to look at your specific situation.

Long term or short term are two very different things. Many times the best long term option is the worst short term option so I suggest that you first decide strategy, the your financial position, then the answer…[Read more]

In which state are you that you can claim first home owners grant after you bought the house and moved to it?

Do I understand correctly that you plan to tell the lender one thing (“it will be an investment and I’ll get $x in weekly rent”) but actually you plan to move in and tell the ATO a different thing (“it’s my home so no CGT should apply…[Read more]

If I were you, I would probably contact a local town planner and/or surveyor and discuss my options.

Good luck! 👍😎

My 2c: buy well, manufacture growth, refinance, repeat as many times as you can.

When the time is right to sell, you should be able to sell a few and keep the rest debt free.

Property investing is lots of fun! We simply love it.

Best wishes!
Ethan

My 2c: buy well, manufacture growth, refinance, repeat as many times as you can.

When the time is right to sell, you should be able to sell a few and keep the rest debt free.

Properrt investing is lots of fun! We simply love it.

Best wishes!
Ethan

😂😂😂

It’s funny because it’s true! 😂😂😂

Accounting is so confusing. Even when you think you got it right, even when you did get it right, the rules may change or the ruling or whatever.

My suggestion? Discuss taxation with your accountant.

That’s what I do 👍😎

Fascinating stuff, mate. Thank you. if you could please email me the link or the document, that would be great.

I’m also wondering how your insurer of choice compare to Allianz’s landlord insurance?

Cheers,
Ethan

Fascinating stuff, mate. Thank you. if you could please email me the link or the document, that would be great.

I’m also wondering how your lender of choice compare to Allianz’s landlord insurance?

Cheers,
Ethan

So true, which is why I also collect the relevant data prior to advising the borrowing power with different lenders.

It is my understanding that so did the other guy.

So odd…

Cheers!

So true, which is why I also collect the relevant data prior to advising borrowing power with different lenders.

It is my understanding that so did the other guy.

So odd…

Cheers!

So true, which is why I also always collect all data prior to advising borrowing power with different lenders.

It is my understanding that so did the other guy.

Cheers!

Hi Mike,

As long as it’s council approved, there shouldn’t be any issue.

Hope this helps?

Cheers,
Ethan

Hi Mike,

Sounds to me that the lenders will treat it as vacant land and/or you can go for construction loan to finish the house.

Hope this helps?

Cheers,
Ethan

Suggest contacting your accountant and verify but I would assume so, yes.

Interest is calculated daily and if you’re on variable, then nobody knows what the interest will be like in the next 12 months. I use redraw or offsets on all my loans so any funds there are offsetting the interest payable while allowing me to draw those funds back if…[Read more]

Suggest contacting your accountant and verify but I would assume so, yes.

Not sure what you mean? Interest is calculated daily and if you’re on variable, then nobody knows what the interest will be like in the next 12 months. I use redraw or offsets on all my loans so any funds there are offsetting the interest payable while allowing me to…[Read more]

Yes.

“The NCC applies to credit contracts entered into on or after 1 July 2010 where:

* the lender is in the business of providing credit
* a charge is made for providing the credit
* the debtor is a natural person or strata corporation
* the credit is provided:
* for personal, domestic or household purposes, or
* to purchase,…[Read more]

Hi 5C1,

Discussing your case with the Ombudsman could yield interesting results and info. Would love to know how that went.

Moving forward, am also interested to see which insurers other members work with. Kept my silence until now as was waiting for others to suggest but none yet so here we go: we work with Allianz. They cover malicious damage.…[Read more]