Thanks Terry.

So does this basically mean it’s not an asset protection at all?
I am wondering why so many experts out there still advocating that this method
is a sound asset protection, or may be I am just not getting my head around it.

Rgds,
FXD

Hi Terry,
Just following up an older topic here and hope you are able to clarify and help.

Regarding your comment above, what is the process and logistics of registering such a mortgage
when there isn’t any real money involved, but merely the equity of a property?

Also, will the first mortgagee deny such registration?

Thanks,
FXD

Thank you sir.

Great and thanks again Terry for able to narrow down to the specific legislation.

Really appreciate the help. At least now I can properly weigh up which option suits my situation
best.

Thanks!!!
FXD

Thanks Terry. This is the one my accountant also suggested but he is not sure if there is criteria of
a minimum duration after renting the property out before the new value may be used for CGT calculation
upon sale.

I don’t want to get caught out for holding it for too short a duration before selling it. OTOH, if it
is going to be, for…[Read more]

I had a similar experience since my contract job is
finishing up and that means no main stable source of income.
When I spoke to my broker recently his comment was most
lenders will not approve finance with sole income from rents
alone.
Anyway he suggested I will need to go low LVR to be able to
get finance to keep investing without a job…[Read more]

And what is a minimum safe ICR that most if not all lenders will not say no from the outset?

The example used in the article basically confirms and answers OP’s question about if higher benchmark rate is used, correct?

Also, my own experience with two lenders not only use higher benchmark rate but also take 75% of the income for ICR assessment purpose.
Is this the common practice or do some take 100% of rental income and actual rate…[Read more]

The examples used in the article basically confirms and answers OP’s question about if higher benchmark rate is used, correct?

Also, my own experience with two lenders not only use higher benchmark rate but also take 75% of the income for ICR assessment purpose.
Is this the common practice or do some take 100% of rental income and actual rate…[Read more]

Has anyone successfully done consistent value add in a declining market and still come away with good
manufactured growth to continue the investing journey?

Is it still a worthwhile option in a declining and/or bottoming market or is it throwing good money
after bad one?

Any other more effective options?

I am not asking the question on the…[Read more]

Has anyone successfully done consistent value add in a declining market and still come away with good
manufactured growth to continue the investing journey?

Is it still a worthwhile option in a declining and/or bottoming market or is it throwing good money
after bad one?

Any other more effective options?

I am not asking the question on the…[Read more]

Has anyone successfully done consistent value add in a declining market and still come away with good manufactured growth to continue the
investing journey?

Is it still a worthwhile option in a declining and/or bottoming market or is it throwing good money after bad one?

Any other more effective options?

I am not asking the question on the…[Read more]

Thanks Richard got it, very inspiring read.
Wish I have met mentor like yourself who can educate me years ago.
Hopefully not too late yet :-)

Cheers
FXD

Hi Richard
Just emailed you asking for copy of your API interview too :-) hope you don’t mind.

Can’t wait to get it and learn!!!

Thanks
FXD

Hi Richard
Just emailed you asking for copy of your API interview too :-) hope you don’t mind.

Can’t wait to get it and learn!!!

Thanks
FXD