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  • Profile photo of god_of_moneygod_of_money
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    July 14, 2008 - 2:45 am

    Hei Linar,

    I am saying about complex TRUST account.. not Discretionary Family Trust (i.e simple structure).
    If you look at C&N.. they advise complex trust structure?
    I heard that ATO is looking into Hybrid, etc ????

    Cheers

    Profile photo of god_of_moneygod_of_money
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    July 13, 2008 - 10:48 am

    Hi All,

    Just for my curiosity… re: PIT
    What happened if someone get audited by ATO +/- legal court battle?
    Do you think that Chan and Naylor will back you up and pay the indemnity in case if it goes wrong?

    Cheers

    Profile photo of god_of_moneygod_of_money
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    July 13, 2008 - 10:48 am

    Hi All,

    Just for my curiosity… re: PIT
    What happened if someone get audited by ATO +/- legal court battle?
    Do you think that Chan and Naylor will back you up and pay the indemnity in case if it goes wrong?

    Cheers

    Profile photo of god_of_moneygod_of_money
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    July 13, 2008 - 8:59 am

    Hei devo,

    Sometimes, the forum's comments here are much better than spruiker out there…

    Profile photo of god_of_moneygod_of_money
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    July 12, 2008 - 12:21 pm

    clubhonda,
    Well, I subscribed to SMH for years and I did notice that 2008 winter is super thin.. may be just co-incidence????

    Profile photo of god_of_moneygod_of_money
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    July 12, 2008 - 12:08 pm

    Certainly, the "Domain" pull-out @ Sydney Morning Herald newspaper is getting thinner and thinner….

    Profile photo of god_of_moneygod_of_money
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    July 12, 2008 - 9:56 am

    HEI WAG…
    THE TRUTH THAT WILL SPEAK..
    I WILL CALL IT AS …  "DEBT ACCELERATION GROUP"

    Profile photo of god_of_moneygod_of_money
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    July 12, 2008 - 9:53 am

    CBA, ANZ, ING and St. George bank increase the interest rates irrespect of RBA.
    And they also mentioned that could be (potentially) another 0.5% on the radar….(i.e. 10% by next year)

    Earlier this year.. most of the property spruiker(s) keep promoting to the investor that interest rates will fall by the end of this year..In fact, It will go the opposite site.

    I bet that sooner or later non-bank lender will price out from the competition or probably charging 12%+???

    Beware of this non-bank lender…Time is over for cheap credit(s).

    Profile photo of god_of_moneygod_of_money
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    July 12, 2008 - 9:36 am

    hmm…8 and 9 IP… Sure you have more experience that most of us

    Profile photo of god_of_moneygod_of_money
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    July 11, 2008 - 9:11 am

    I would be thinking about selling..
    Bleeding A$ 6000/year with mortgage rate climbing to almost 10%… you could bleed more.
    The property market in Lidcombe is not looking good either…

    You also need to factor in that your combined income is A$ 63k (i.e. rising petrol, rent, food etc)… so basically it probably has reached  saturated point… and you may need to cover some ongoing running cost to keep your property alive as well.

    Consider selling… but seek independant advice

    Cheers

    Profile photo of god_of_moneygod_of_money
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    July 11, 2008 - 8:16 am

    Exit fee of 2% from RHG… it is crazily expensive. Their standard variable rate is 9.99% (much higher than big banks).
    Luckily, I m sticking with big banks despite my previous MB recommended non-bank lender.

    I still don't understand why people would like to go to non-bank lender? I can't really see any 'real' advantage over
    bank lender. Correct me if I m wrong.

    Angela, I never had any problem getting full doc from bank lender with similar range of income to you (PAYG) .

    Profile photo of god_of_moneygod_of_money
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    July 11, 2008 - 7:39 am

    'Average price in suburb 350k'.. you are talking about house data as an average.
    You need compare apple with apple..
    Don't get sway with these spruikers with "AVERAGE PRICE"
    What is the definition of average…

    If you keen for particular property.. get a conservative valuation with "Qualified" valuer.. and do you own homework..
    Otherwise… runnnnnnnnnnnnnn miles away

    Profile photo of god_of_moneygod_of_money
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    July 11, 2008 - 7:35 am

    Salil… my suggestion.. runnnnnnnnnnnnnn  miles away. Another 'cheapie' spruiker on radar.

    WealthNProperty… 1st post..and promoting your own group… very suspicious..

    Profile photo of god_of_moneygod_of_money
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    July 9, 2008 - 1:54 pm

    If you like the house, go for it.
    It is likely that 30 year old house will require some renovations etc…

    Profile photo of god_of_moneygod_of_money
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    July 9, 2008 - 1:46 pm

    Hei blogs
    Where did you pull out that stupid statement…property doubles every 7 years… ??
    Seems like from property spruikers… quoting that statement…
    This doubling statement had caused lots of problem among property investors..
    Poor investors get sucked in from spruikers…promising doubling price every 7 years..

    Profile photo of god_of_moneygod_of_money
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    July 7, 2008 - 2:01 pm

    Saw his face in one of the property magazine….
    Meet him during Sydney property expo…
    Read a few profiles about him in national newspaper
    But…. NEVER deal with him..
    Do your own due diligence

    Profile photo of god_of_moneygod_of_money
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    July 7, 2008 - 12:59 pm

    just beware… lots of spruiker and wanna-be spruiker including amateur spruiker..

    Profile photo of god_of_moneygod_of_money
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    July 7, 2008 - 12:32 pm

    Just curious… why you want to finance to LOC 95% and then finance the 2nd property?
    Gee…how much equity do you have in the next 6 month in the bear property market especially in sydney?

    Profile photo of god_of_moneygod_of_money
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    July 6, 2008 - 2:04 am

    If you want to find bargain… you need to waitttttttttttttttttttttttttttt and most of time you will miss out

    Profile photo of god_of_moneygod_of_money
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    July 6, 2008 - 2:01 am

    tuggerwaugh,
    I think you are wrong. Until the date of settlement, you can't do whatever you want.
    If you buy property in the hot spot, you can always rent it out in ONE day after open inspection.
    What a hassle!!!

Viewing 20 posts - 821 through 840 (of 949 total)
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