apply for a private ruling i have last financial year had it was appproved.there is a tax lawyer named julia hartman who writes in australian poperty investor and is very knowledgeable on this subject it might be worth reading some of her articles regarding capitalised interest or go to the ato website and look up private ruling numbers 69725 and…[Read more]

get a line of credit and buy something in queensland.do your homework and i am sure you will find something.you are young  put your head down and by the time you are 35 you could/should be able to retire.borrow the lot stamp duty evrything and leave your own money in a line of credit.go to the ato website and look up private binding ruling 69725…[Read more]

look up private binding ruling 69725 on the ato website it might help youglenn

what you see as a problem i see as an opportunity.in your case to secure a financial future of miilions.on 240k pa you are both paying heaps of taxand getting no thanks for it .true?

i cant see why you cant get a line of credit or at worst x coll go lo od cif the banks give you a hard time or find a good broker and make your equity work for you…[Read more]

what about going up to 70% and offering up property for cross collateralisation? is lmi involved are the fees less….anyone?

never never never sell

Richard

i am interested to know how you work out 25K of CGT may and i mean may be payable

regards

glenn

never never never sell

have a look at st george i see they have 5 rs at 6.59% ithink the lvr is 70% a good mortgage broker should be able to help you

never never never sell

hi sonja
as my long on suggests what you hve simply done is access some of your capital growth.the amount you have borrowed is not tax deductible but no cgt is payable..this is the beauty of an investment property you can borrow against the capital growth and not pay tax (let your kids do that )lol.whats the point of having all this built up…[Read more]

I agree with kay henry .if it wasnt for x coll i would never have been able to get a start in buying ips i now have 4.if you have done your homework a lot of the risk would be eliminated.if you go into investing worrying you might lose it all maybe you shouldnt buy.

never never never sell

I ATTENDED A DAY OF THEIR ANNUAL CONFERENCE ON THE GOLD COAST 2 YEARS AGO JUST HAPPENED TO BE ON HOLIDAY AT THE TIME AND PAID MY MONEY AND WENT ALONG FOR THE DAY.IT ALL SOUNDS GREAT GET 106 PERCENT FINANCE BUY A NEW PROPERTY EVERY YEAR PROPERTIES GROW BY ABOUT 10PERCENT ANNUAL SO DOUBLE EVERY 7 YEARS THEN JUST DRAW DOWN EQUITY AND LIVE OFF…[Read more]

iambored
for tohse of us that dont know can you please explain what St George SMS is and LEF
THANKS

never never never sell

hi stu
read your articles very informative.
an aticle on ‘due diligence’may help a lot of people especially what steps people can take or what information they should gather to present to a valuer inorder to obtain the highest valuation possible rather than relying on a bank valuation.

never never never sell

i agree with mortgage advisor .if you can buy something and rent it out apply for yuor weekly tax deductions to be adjusted you may even find you have more money in your pocket otherwise you juat keep making the ato happy by paying truck loads of TAX!!!!!!!

JUST MY 2 CENTS WORTH

GOOD LUCK

never never never sell

How many times do you hear people say “gee if i had known that i would never have sold”.Like a lot of others are saying i see your equity as deposits for numerous other properties.I always say nevern never never sell.Refinance and have a holiday or whatever you want to do but never sell.

Gee i wish i had your problem good luck

regards…[Read more]

thanks to all who have taken time to help me.to fjficm i read your article i have a carbon copy problem.cba have a good product but they cut your legs off.
regards
glenn[biggrin]

never never never sell