Reminder: meeting is tomorrow. Looks like it’s going to be bigger than the Byron meeting! 😍

Is any of the alternatives stamp duty exempt?

IMHO, bad service shouldn’t be rewarded. If more clients will leave the lender due to bad service, the lender will improve their service. If the lender keeps retaining the clients in the last minute, the level of service probably won’t change.

Even if your agreement with the broker doesn’t mention a fee should an approval isn’t actioned by you, I…[Read more]

Well, nobody knows for sure. Some use past data as a guide for the future, others pay for extensive reports predicting future growth and some just guess 😂

Personally, I don’t calculate CG in my calculations. Yes, I like to buy where there will be growth but that’s a bonus and I don’t believe there is a way to know for sure (could be 0, could be…[Read more]

Even if, for example, your wife’s super would have bought the house that is under your name (and none of you would live there, pure investment), would you really want to? The change of ownership would cause a stamp duty event… Why not keep it as an IP under your name?

Oh! Now I understand what you’re after 😊

Different lenders have different policies. Would you mind sharing with us who’s the lender? Do they have a broker or are they dealing directly with the lender?

Oh! Now I understand what you’re after 😊

Different lenders have different policies. Would you mind sharing with us who’s the lender? Do they have a broker or are they deal directly with the lender?

Hey mate,

Each situation is different but generally speaking I like to manufacture myself the growth of my property. This can be done in various ways and it’s not only a lot of fun but very profitable as well. So you could buy a CF- property in a high growth area, turn it into CF+ quite quickly and enjoy the ride. It’s a double win! 👍😎

I may be missing something here but if they’re selling one property, why not place the funds in an offset or redraw of another property? This way they reduce the interest payments and still have access to the funds 👍😎

Fixing rates has both pros and cons. I’m sure you could find lots of discussions about it both here and by searching online.

Will the bank hide their best rates? Perhaps. Why wouldn’t they? It is also very possible that out of the thousands of loan products that are available in the market, your bank doesn’t have the one that would most suit…[Read more]

Fixing rates has both pros and cons. Will the bank hide their best rates? Perhaps. Why wouldn’t they? It is also very possible that out of the thousands of loan products that are available in the market, your bank doesn’t have the one that would most suit you.

I’m biased of course but even before I was a broker, I was (and still am) an investor…[Read more]

If the lender is happy with the valuation, then you shouldn’t have any issues down the line, as long as you pay your mortgage on time and don’t cross the properties 👍😎

Perhaps not, but it’s still their duty to finalise the tenancy with the tenant, isn’t it? I would talk to the RE principal and if needed, contact the governing body and lodge a complaint. Can’t see myself chasing tenants directly. That’s exactly why you pay a property manager…

If I were you, I would seriously consider scheduling a Skype meeting with Terry. This is exactly his area of expertise 👍😎

Didn’t understand this bit:

how much is this screwup going to cost taxpayers?

Why would this cost anything to tax payers?

Sending notices overseas, however, will cost the body Corp more than sending to a domestic address.

I’m personally in favour of having the option to receive notices only via emails and save on the paper all together…[Read more]

Would he interested to read @Terryw opinion but my 2c are that any price from 0 to $10k would make sense.

Agreements are binding, especially when they are written down. You could write one yourself if it’s super simple or use a template or engage a solicitor. IMHO, it all depends on the complexity of the issue and the level of confidence you…[Read more]

Well said, Terry.

I will just add to the above that once this setup is in place, all three gents are locked into it moving forward (servicibility wise). Reason being is that most lenders will assume each is fully liable to the debt of the trust but is only getting a portion of the income. Add to this that there will be no NG, and it’s easier to…[Read more]

If I were you, I would get an expert advice to make sure you’re not making a mistake. I’m sure you’ll be able to find plenty of VF legal/other services online 👍😎

Not the friendliest reply… 😕

The OP mentioned the numbers don’t work, hence he came to share here.

I also disagree with some of the ‘problems’ you raised.

Property doesn’t have to be a long term investment. It is possible to make short term gains, although it’s less common and it’s good for cashflow, not so much for wealth building.

Also,…[Read more]