Hi TMA
Well thats a good reason then

“Do you find it more advantageous to rent as apposed to having your own PPOR?”

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There are three general entites in which you can buy a house (this is for your PPOR):

~Own Name: No Capital Gains Tax if you sell (big reason for most people); Cannot deduct rent from company/personal income; Little asset…[Read more]

ather than persue them wouldnt you just try and get new tennants, perpaps offering them the wrap deal as well? The way I see it (and I’m probably missing something because I’ve never done a wrap deal) is that the tenant paid a deposit and then would have been paying his repayments (a percentage point or two above your mortgage figure) and that if…[Read more]

I haven’t herd of new tax rate scales for Trusts…

What State are you refering too??

Hellman

2. After some research, I am quite keen on investing in positive cash flow property. However, having spoken to some “experts” – every single one has told me that there are no longer any positive cash flow properties. And that even if there was, the effort required to find them would outweigh the potential returns. Is this true?

> Im still buying…[Read more]

Not for me…

Hellman

Because most contracts are different (individually and then on a state by state basis) I would see a lawyer about it.

Usually builders have all types of clauses and they can really make a lot of money on the variations (I read recently that one particular builder makes 70% of his profits on variations!).

So double check with your solictor and…[Read more]

I can’t see that much wrong with it. There are only three potential problems I can see…

The first being size of the outfit. If you start taking to much money in ASIC will be all over you.

And also State Gambling Bodies might start to have an interest in it too. And since they control poker machines and other forms of gambling, they are quite…[Read more]

As for the suggestion for getting this indvidual a loan with a lower interest rate, it is a good idea, but I question if a lender will lender him further funds with that high debt level (and with no real assets), even if the stated purpose is to decrease the interest rate.

As for in-laws going guarantors, it would be better for them to lend the…[Read more]

Okay the object here is to pay off your CC debt.

The first thing you need to do is get rid of those cards – but keep one ONLY! Get that card and put that one in a container, add water and put it in the freezer.

Now the second thing you need to do is to find out the most efficent way of paying off that debt.
Get a blank piece of paper. Make a…[Read more]

Perhaps tax implications (CGT)? Or the investor might try to flip the property (that is reselling it). Or perhaps he wants time to buy and then refinance, Or perhaps they have to sell some other properties before they can buy yours (free up some equity), etc.

Of course there is nothing wrong with all the above (as many sellers want to keep living…[Read more]

1. All right say you pay cash and stack the contract. Considering you are haven’t doing anything illegal – how can it be fraud?

2. You goto the bank and get finance. The bank goes a long and orders a Valuation. Now the valuer will look at what you paid, but they will also look at what other people have paid for the property. Now the bank could…[Read more]

As for the date 2012-2015 is when the Baby Boomers start to retire, of course there might be a panic before that, but in reality I think there will be more of a panic of where to invest their money into something safe and secure which will provide high enough returns. This will be a great time for those whom know how to invest well. My guess is…[Read more]

Interesting to see some discussion on the next depression. But let’s put our crystal balls away for a moment. Does anyone know what causes a depression? For example, let’s look at the depression from 1929. Any thoughts on what caused this rather depressing time in history?

* Do you believe that it might be caused by a share market crash, because…[Read more]

Basically I have the same understanding. For example say if you default under one of the IP loans and they then sell the property and say they do not recover enough of the back payments (so you still owe them money) then they can force you to sell your home to recover the outstanding monies. But it must be noted Banks are loath to reposes…[Read more]

I read somewhere, probably “The Rise and Rise of Kerry Packer” throwing the young adult into the deep end is exactly what Con did to Frank, Frank did to Kerry and Kerry did to James to toughen them up a bit and give them some real life experience. We reckon if it’s good enough for them it’s good enough for our kids.

A relative of mine knew the…[Read more]

To my understanding you don’t pay CGT on wraps:

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“If the Vendor Finance arrangement has the following features the income stream received, once the wrap arrangement has begun, is considered to be principle and interest by the ATO. The income stream received before the wrap arrangement is entered into is considered rent. Reference…[Read more]

I am assuming you are not using a mortgage broker. If this is the case I suggest you find a good one (good ones are on this forum). Terryw is quite good, as well as Stuart Wemyss and Simon Macks.

This is why I use Mortgage brokers, they have all your details and if you are declined by one lender they can resubmit to other lenders (alot of the…[Read more]

In America it is possible to get 100% financing, non recourse finance on commercial property.

Of course were not in the dark ages with banks still demanding 35% deposits, higher interest rate (usually), and of course no recourse loans….

Maria – check out http://www.jaffasoft.com for crunching figures.

To tell you the truth I am interested in seeing what you think of the next two decades, especially with so much going on (baby boomers retiring, pension situation, etc)… The opinion of even experts varies amazingly, from total depression to not much happening at all. It would be nice to hear from an investor view point, rather than from the…[Read more]