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gng
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@gng
Join Date: 2011
Post Count: 35
July 4, 2011 - 11:34 pm
Hi,
Just want to thank Richard for helping me sort out my finance, especially on the valuation. Initially value at 720k, then bump up the value to another 100k more.
Thanks Richard.
gng
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@gng
Join Date: 2011
Post Count: 35
May 20, 2011 - 6:00 am
Understand now. Thank you.
gng
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@gng
Join Date: 2011
Post Count: 35
May 11, 2011 - 4:43 am
Jamie M wrote:
gn2011 wrote:
Should I also get a second financial adviser on the structure of my loan to be on the safe side?
Financial advisor or mortgage broker? I'm assuming it's the latter. Is there something that concerns you about the advice your current broker has offered? If so, feel free to post your question on the forum – there's a few regular brokers that should be able to help out. Cheers Jamie
Not mortgage broker, may be another word for it is real estate appraisal, http://en.wikipedia.org/wiki/Real_estate_appraisal
I understand off the plan is tricky and hard to value, but I was hoping that an independent valuer can provide me with other information like rental market, neighbourhood community, etc.
gng
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@gng
Join Date: 2011
Post Count: 35
May 10, 2011 - 5:19 am
dugsts wrote:
The tax claiming I would like to know how that works as when I first spoke to my accoutant he said I could not claim anything til I have tenants in the property.
Try getting advise from other accountant that has experience in dealing with investment property as well.
gng
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@gng
Join Date: 2011
Post Count: 35
May 10, 2011 - 12:09 am
I see.
On that interest on interest only loan, I believe you can claim tax on it if you structure it correctly.
Let us know how it goes.