igreen replied to the topic Serviceability changes effective July 1 in the forum Finance 12 years, 4 months ago
Hi Richard,
Can you post the link to the source. I am more interested to look at the change for a couple with 2 kids
Steve
igreen replied to the topic Refinancing IP loan to pay of PPOR loan in the forum Legal & Accounting 12 years, 6 months ago
Another option
if you have more than one property both with 50%, then
Borrow upto 80% from property B and put it into Property A. Then sell property A and put all the money in your PPOR.
igreen replied to the topic Property Manager in Orange NSW in the forum Help Needed! 12 years, 8 months ago
Why dont you try calling the other PM’s. I have a property in Orange and I get paid monthly. I had spoken to three before – Raywhite (current PM), Raine & Horne and dont remember the 3rd one. They all do monthly
S
igreen replied to the topic Real Estate Investar in the forum Help Needed! 13 years, 3 months ago
I am a user of the site and I love the features of the site. I paid just under $1000 for a 1 year subscription. Please go through the website for the features it offers rather than me telling you
Steve
igreen replied to the topic Tax Deductions for Interest on Capital Costs and Borrowing Expenses in the forum I think Terry is right. You 13 years, 3 months ago
I think Terry is right. You can take the IP IO from your offset account and not from your LOC. I agree there is cashflow benedits but this is also tax avoidance.
Another question on the same topic.
If I pay my council rates with my credit card e.g. $400 per quarter. Can I pay $400 from my LOC account or not. By doing this I can get interest free…[Read more]
igreen replied to the topic McKnight Seminar in the forum General Property 13 years, 4 months ago
I attended todays session. It was worth the money. I wish u were in Sydney since I did not use the free companion ticket. I guess there would someone similar to me in brisbane that does not have their partner accompanying for the seminar. The other option is to request Steve for a free ticket since you are a student. There is no harm in asking.…[Read more]
igreen replied to the topic Buyers agents in Adelaide in the forum Help Needed! 13 years, 5 months ago
Hi Carlin,I am from sydney and was intending of using a buyers agent. I called 3 of them and found 1) He was pushing me to buy one of his property listed by his Wife Xenia2) The worst – Pushing me to buy an interest in a not yet constructed townhouse3) Waterman and Waterman – he seemed genuine. However, he said it would take sometime to get the…[Read more]
igreen replied to the topic Which Option is better? in the forum Finance 13 years, 9 months ago
Otto D
” So if you borrow on your home to buy an investment property then the portion of the debt on your home that was used for investment purposes should be tax deductible.”
Is this true?
Regards
Stephen
igreen replied to the topic How to structure my loan and good mortgage broker in NSW in the forum Thanks everyone for your 13 years, 9 months ago
Thanks everyone for your piece of advice
HSBC – When I setup my loan for my PPOR, I created a PPOR loan with offset & Investment loan (split
My PPOR Loan is setup as P&I, whereas my Investment loan is setup as Interest Only. HSBC says they cannot convert my PPOR loan from P&I to IO only. Bummer.
I naively took the HSBC intro offer of 1.5% off…[Read more]