I don’t know what you are trying to achieve here???

Mainly because people who do wraps and LO want to be in control of the property. Already with a LO/Wrap there are three layers Bank->Wraper->Wrappe; You are suggesting Bank->Wraper->Wrappe->New Buyer. This means that if you do not pay the loan and we foreclose on you, what about the people who…[Read more]

Different markets across NSW will behave differently.

Too true!

My opinon (which of course is not fact) is that people will be reluctant to sell, and with rental stock of 3Br houses, rents could actually go up (as less investors are buying).

On the other hand their is the huge oversupply of inner city appartments. So that could hold some areas…[Read more]

Only in very regional areas, but yes that is true.
Go here to see how much one of the two Mgt Insurers will allow you to borrow on a property in an area: http://www.pmigroup.com.au/LocationWizard.asp

(As Derek suggested, Banks will offset their risk on to Mgt Insurers, so in the end they determine how much you can borrow). Also price impacts on…[Read more]

“About the reasons why to use it for purchasing properties. And the reasons why not to put it in your own name.”

>Basically it comes down to taxation and asset protection. If you get sued personally, and you hold all the properties in your own name – you could lose them all. This is a very dangerous situation if you have spent alot of years…[Read more]

Just a point, banks lend up to 95% (you have to pay mortgage insurance [which protects the banks not you] but you can add that to the loan, to reduce your initial cash outlay).

Also you should keep 6%/7% (of property price) for closing costs.

John Burley’s book called Money Secrets of The Rich is very good. Most of Robert Kiyosaki’s books are…[Read more]

There are a lot of people are buying CF+ properties in QLD.

Why don’t you target that area first, for for your first IP???

Also I don’t think anyone going to write you a list of which town are profitable or not. Thats for you to reasearch. Contact Westan (he is on the forums) if you still want to buy in NZ.

Rgds.
Lucifer_au

As Dereck mentioned the conditions usually specify that you must live on the property, and some even specifiy that you must commence building a dweling by X date.

As for your second question “has [anyone] actually made cash from cheap country properties??”

You must be more specific… Do you mean selling the properties (flips) or wraps or buy…[Read more]

You haven’t told us what rent your house could achieve. Without this it is hard to say, also do you want CF+ properties, or are you willing to have some Neg geared, but high growth prop.???

Rgds.
Lucifer_au

The problem with super is you have no control over it (unless yu have a DIY super fund), you don’t control when assets are sold or when they are taxed, you don’t control what the fund is investing in, nor management of the fund and lastly many super funds have no downside risk control (through the use of options), so if the market falls big time…[Read more]

Also check out Anthony Cordato. He is in 16-20 Barrack St, Sydney, 2000.
His phone number is 02 9290 2773.

He has a very real understanding of wraps and LO.

Rgds.
Lucifer_au

Well you trust would have to pay stamp duty, when it buys your property, and of course CGT when it sells it.

I do not understand why you are wanting to put your PPOR in a trust… Is for asset protection or too simply borrow money??

If it were to simply borrow money, I would talk to a mortgage broker, as you should be able to use the equity in…[Read more]

Pretty much all deceased estates managed by the state tustee, goes straight to Auction (unless the people who inhert want to sell it privately).

I guess you could scan the obituaris, find the names and then ring up those people. But I don’t think you would get a good response at all. There are no registers of deceased estates to my…[Read more]

Very boom and bust… Mines go through big cycles (so when it’s good, it’s good, but when it’s bad, it can be real bad…), and at the moment were on an large upturn, though apart from China the market is quite weak. Don’t make any long term decissions based on the current situation. Also as Angus mentioned see how long the mine life is, as short…[Read more]

I thought it was illegal to have your loan higher than that of the new buyers (so it isn’t illegal to use IO loans, sorry if I confused the issue here).

Using I.O. loans are more difficult because you have to work out exactly when that event occurs (the event being you owe more than the wrappe).

That is MY knowledge of it though – And could be…[Read more]

Well it depends on how far you wish to push – use the baby in a advertising campaign (do a deal where you pay royalties).

Just maks sure it’s similar enough to a commercial deal – but otherwise, as I suggested before, get Trust Magic (p://www.gatherumgoss.com/shopping.htm). It contains all these details and alot more (so you will be paying almost…[Read more]

I don’t understand your Q’s jaffasoft, so I’ll have a crack at it.

After the 15yrs, you can refinance the loan (get a new I.O. or P&I loan), or pay off the $80K. But either way you will have to lump up $80K to the bank (unless you refinance through them).

Rgds.
Lucifer_au

Try the auctions, then your just looking for installation (which should be $600).

Rgds.
Lucifer_au

If they do not work the maximum amount you can pay them without going over the child tax rate is $643 (over this amount and they have to pay 48.5%l, so the highest marginal rate).

If they work for you however you can pay them as you would pay a normal person. Of course homework is NOT considered work [].

Check out a manual/book called Trust…[Read more]

O’h no – I ment queries to any Q’s you have of a Legal or Accounting way after you have seen your accountant. []

Rgds.
Lucifer_au

I guess so (as you are living in it), check with the OSR (just be a bit cautious… Gov Departments tend to get the wrong idea – “what, your trying to make a profit? Well then No!”).

Rgds.
Lucifer_au