Which is what Glenn said to start with

Hi agaain,from you last post I'm assuiming you are buying a $250K IP.  If you have a $200k loan secured against the IP and then a seperate loan account of $50k secured against your PPOR which all funds drawn from this account have only been used for investing purposes then both loans will be tax deductable

Hi Cosmic, Need just a little more information.  What is the value of your PPOR and the current loan value.  What price range are you looking at for a IP

An example of where I currently have my PPOR – purchased off the plan ~2 years ago.  GFC occurred prior to settlement.  Resulted in 12 out of 60 units not settleing back in January when complex was completed.  Today, 5 months since initial settlements, 3 of the properties still listed for sale by the developer.  All of these were sold ori…[Read more]

just an update for the thread – shorting financials in Australia in now allowed again (has been for about a month)

I know virtually nothing on this topic but one thing that jumped out at me was he has but false information on the application.  By him listing your address as his post office box he has made a false statement.  To prove this you will need a copy of the application or some other evidence.  I'm not sure whether you could look at the criminal si…[Read more]

If something has a "long secure" return attached, most of the time this been priced into the original sale price.  So initial capital growth will be reduced as a result of this.  After this then capital growth should return to normal and be dependant on factors such as location, rental vacancy, etc

https://www.propertyinvesting.com/forums/property-investing/help-needed/4326345

If the figures you are working on are 2 years old it is worth starting from scratch with you research.  The world is a different place to what it was 2 years ago.  Your broker was spot on about those rates, but they have since changed.  The yields have also increased in many areas (mostly due to falling property prices and rents locked in with lo…[Read more]

If you do loose your job do you still have the capacity for the repayments?

Hi,A bank wont charge you any extra because you went through a broker and the brokers service is free.  A good broker may even get you a better deal then just walking into a bank.Regards

Jaffa,To prevent x-collate you need to take out a 2nd loan on your 1st property.  This loan then funds your deposit so your LVR is @ 80%. The two loans dont even need to be with the same lender, who ever will provide you with the best value for each loan.

Mmm, smells in a house.Having been a volunteer ambo I have been in houses thinking its going to take alot of work to get rid of that smell.As you suggested it could be urine, it could of had a body left in the house for weeks or simply a dead rat in the roof.  I would first check the roof cavity to elimante that posibility.  If the house isn't o…[Read more]

Paul,Finical planners can be remunerated by commision or upfront fee or both.  I believe there is a push from somewhere to eleminate commisions over the next couple of years to improve the integrety of the advice.

Kooz,There are many different advantages going with a broker over a bank, if the broker is well trained and knowledgagle.  Most brokers should be able to recommend good products for you.  They will cut down on the time to "shop around" different lenders comparing different products with different conditions and fees.  If your broker is pr…[Read more]

GOM…it's a creative way for a 1st time poster to advertise

From what I understand, there has been an issue that many people of complained about to the body corp.  They have tried one method that has failed to keep people out so they are now going to hit up people doing the wrong thing with a fine.  I'm not allowed to park in a no standing spot, if I do i get fined.  This company is contracted to fine pe…[Read more]

Body corp fees can varry on a number of factors.  One of the more expensive things can be maintaince of lifts.  Other things like swimming pools, spas, saunas, large gardens, etc have running a maintaince costs that can effect the body corp fees.  Older more run down places may have a larger sinkng fund for future capital works. I believe uni…[Read more]

Body corp fees can varry on a number of factors.  One of the more expensive things can be maintaince of lifts.  Other things like swimming pools, spas, saunas, large gardens, etc have running a maintaince costs that can effect the body corp fees.  Older more run down places may have a larger sinkng fund for future capital works. I believe uni…[Read more]

some vendors may want to get greedy and slit the difference 50/50