call the ATO – when filling in the form, there are ertain conditions that you need to meet – try getting a copy of this form.

My advice is to apply for the FHOG anyway. besides, what’s the worse that can happen – your application simply gets nocked back – no legal issues though.

Kind Regards,
George.

“If You never never ask, you’ll never never know”

I have spent countless hours with my accountant trying to understand all this on Company’s and Trusts – it is a huge minefield.

my advice – speak with several accountants on the same subject and see what they recommend.

Kind Regards,
George

“If You never never ask, you’ll never never know”

Hi there,

Walk upto the agent and show him/her that you are a serious investor and don’t have time for playing games. Tell the agent,

“Look, we can do one of two things, you can tell me what you want for it, then I can submit a lower offer, then you take it back to the vendor and come back to me with a higher price. Then I submit another offer and so on and so on…OR

You can just tell me straight away what the vendor really wants and If reasonable, I’ll give you a holding deposit today.
Which of the two do you wnat to play?”

Once he/she sees you are serious, he/she should give in.

Kind Regards,
George

“If You never never ask, you’ll never never know”

Hi Tinkerbell,

<<edited>>

…where theres a will, theres a way – so if you find good deals, find ways to get them – i.e. like long settlements – it will give you time to obtain the deposits.

Kind Regards,
George.

“If You never never ask, you’ll never never know”

try speaking with Westan – he is the one who has done it all…

“If You never never ask, you’ll never never know”

Hi Pauln,

I would try to stay in the townhouse for as long as possible while building up your portfolio.

But I was unaware you wnated a 3 B/R house. In that case, just try spending a couple of thousand dollars to put another wall in your townhouse and create a 3rd B/R. It only costs a few thousand and you increase the value of your townhouse immensely with a 3rd B/R added.

Kind Regards,
George.

“If You never never ask, you’ll never never know”

Hi Janet,

Be careful – I once found a similar unit with a good deal. But the condition was that on purchase, I had to relocate it to other land. So double check the conditions in place.

Kind Regards,
George.

“If You never never ask, you’ll never never know”

Hi again Starting Out,

hope it goes well.

Best thing to do is to purchase enough positive cashflow properties so that in a few years time when you go to purchase your PPOR, you won’t even need the FHOG – you’ll be that financially free anyway.

Kind Regards,
George.

“If You never never ask, you’ll never never know”

Hi Starting Out,

in Vic – No.

you can purchase as many investment properties as you wish. When you come to purchase you PPOR, you should be entitled to the first home owners grant as long as you live in it and satisfy the other criteria. But best to make a simple call to the ATO or bank and ask directly about this and get them to send you something in writing.

Kind Regards,
George.

“If You never never ask, you’ll never never know”

Hi Paul,

personally I would pay minimum amount on the repayments of the loan – but not so I could save a deposit and go and purchase a larger home. NO.

Delay self-gratification. Save a deposit to go and purchase your 1st investment property with good returns. Then work out how you could purchase a 2nd, 3rd and 4th investment property with good returns. This shouldn’t take you too long. Once you are comfortable and have a few investments under your belt, then work out how you could purchase a larger home. Personally, I would have the extra money that the tenants from all your investment properties (when you get them) are paying to help pay your repayments on the larger home you so wish to live in.

Hope I’m not confusing. If I am, please tell me and I’ll try to clarify.

Kind Regards,
George.

If You never never ask, you’ll never never know”