Currently 10
LVR 42%
LVR about 25% by mid next year
or more properties

thanks

lol lifeX

i will burn it down

and thx, i believe no tennant better than a bad one cos i rejectd 2 already cos they were dodgy

so lifeX
wheres your IPs
i agree no tennant is better than bad cos i rejected 2 when they were on black list
so i wish you the best also
PM me with stuff and maybe we can chat

thx
max

they are living by the skin of their teeth i reckon
why would want to have a tax bracket @$0
this makes no sense
thy are not earning enough in general to optimise the full tax deductions
i think the strategy to buy when you can negative gear at the top tax bracket would be more reeasonable
i mean they earn only 70K but overall had to refinace to…[Read more]

im glad hes dead

jeez felicity

you’re good
got every angle covered
better start your own wrap pack
i’ll buy it
anyone else?

its a hard one

on one hand they are suppose to be adults and if they sign on the doted line it is assumed that their mature mind and intelligence would have already considered the worse case scenario if they default on their repayments

on the other hand, it is easy to want a house of your own – a basic need that although you know that the worst…[Read more]

hi

robert,

there is fighting for your rights and there is also fighting for your “rights”.

i mean, in a potentially volatile situation like that where you have frustrated individuals whether it is criminals or professionals, i think it is better to step aside. its nothing to do with being a coward but smart. there are potentially a lot of…[Read more]

yes terry

i was thinking like apportioning the interest at the end of FY according to initial purchase price eg 15% for 1st house 10% 2nd 3rd 20% etc. this i thought will be easier for my accountant given that he inly has one figure and we can apportion it accordingly as above.

anyone does this?

Yeah f#&( CBA

Theyre (u#+$

Go to Evellyn Crawford of Crawford mortgages Melton. Shes good and was the only saving grace in my deals with the banks

as usual mel ur spot on

meltons got a good stats for the future and i plan to kep for a long long time and i know even if it drops a little now(cant really drop to less than 156k) in the long run it will be ok

i can pay off mortgage, rent support is good bout 50 bucks a month on interest

pay this off in 2-3 years easy then sit sit sit

im…[Read more]

hi all

i bought this months API also but i think its extremely inaccurate

i have quite a few properties and they have all been evaluated by REA and they all come to the same agreement.

dont you agree that most median prices of rent are overinflated?

especially for country and suburban areas

rent yields hasnt increased that much but i think…[Read more]

thats why “at aussie, we’ll save you”

roflmfao[thumbsupanim]
aussie oi oi oi

well said mayyytee

i agree we live in a great country
i was born overseas in a country with a system totally unlike the one here
social consequences are obvious
im ok with incremental bracket tax although it is too high imho
im not upset by this because i know although…[Read more]

hi lamsie,

[blush2]
im really sorry if you thought that was my opinion of melton. No it is not.
I mentioned this area to my friends and thats what they said and so does a few REA in werribee.
Comments like, geez their markets overblown, ferals selling to ferals etc.
Sorry; not to recriminate myself again but that is what other people have said,…[Read more]

oh man

thx terry

its a pain in the butt, i best to simplify my assets and income separateley

too complicated

oh btw mel

re Q3

same trust setup

my salary non-PAYG goes into trust

end of year, instead of paying the company, i just pay a bennie who is not earning etc . and get taxed at their rate and i get money back from them, is this kosher?

thx mel for the reply

i think alot of people will benefit from this

thx for your time and resources

yes im in melbourne and i will call dale

im reasonably clear now about what i want

yeah i calculated, even at my tax bracket compared to company flat rate of 30% it is not really worth the trouble until your income is about 100K+ cos it will…[Read more]

Sry guys

I shall make myself clearer

Appointer – Me

Trustee – let’s say fjficm pty ltd

beneficiaries – family

Q1.
If i have maxed out my family beneficiaries, can i actually include fjficm pty ltd (ie. the trustee os a beneficiary also so that i can be taxed @30%) or will i have to set up another company as a separate beneficiary for eg fracp…[Read more]

thx mel

ok heres my understanding and questions and pls correct me if im wrong

Appointer – me

Trust – (me) Pty Ltd

Bennies – mum, sis and ?can it be me or (me)Pty Ltd ie can (me) pty ltd be be both a trustee and beneficiary or will i have to make another company of a different name?

setup hybrid discretionary – so i can negative gear – ?still…[Read more]

thx terry,

just to test my understanding

so if at the end of the tax year i have 50K total

i have to look at my poential beneficiaries and see if i can offset enough tax.

cos if i have only a couple, i might be better off to give the 50K to the company ive setup and get taxed at 30% earned income and then distribute it to myself(ie without the…[Read more]