jack1234 replied to the topic Answers to “Where to Find CF+ Deals” in the forum quickchick
That is what is 13 years, 8 months agoquickchickThat is what is said for $60K – 9 properties (or someone told me that 135 properties were sitting on all 135 diffirent peices of land – they were all bedsitters) For $100K income after tax – you will need 20 properties as the tax rate will go up when income goes up – i know that side Instead if you had 4 properties – fully paid up in sup…[Read more]
jack1234 replied to the topic Answers to “Where to Find CF+ Deals” in the forum I do not know where you got 13 years, 8 months ago
I do not know where you got 67 age from – the preservation age is 55 (when you are able to access your super) – 67 is when the Govt will give you pensionFurther if there is enough in super and you donot have a job – you can access your super and live on it – instead of applying for unemployment – you need to look into financial hardship rules -…[Read more]
jack1234 replied to the topic Answers to “Where to Find CF+ Deals” in the forum Quickchick
The biggest 13 years, 8 months agoQuickchickThe biggest problem in our lives is to pay off our own home loan – since in a 31.5% tax bracket (incomes upto $80K) we have to first earn $146 then pay tax of $46 and then $100 back to the lender.With all this happening – we have 3 people who stop us from paying our own home quicklyOur employer – by paying us only 1/3rd of what we ea…[Read more]
jack1234 replied to the topic Answers to “Where to Find CF+ Deals” in the forum Help Needed! 13 years, 8 months ago
ZacJI clearly said that you can claim the interest and quoted you the tax office determination earliertax office determination TD 2008/27Click here to read the determinationwhen you claim interest – hopefully there will be no income (after expenses) and no tax to pay. Phone your tax agent and ask him why he is making you pay back the investment…[Read more]
jack1234 replied to the topic Answers to “Where to Find CF+ Deals” in the forum Help Needed! 13 years, 9 months ago
Hi all Every Investment property can be a CF + property – read belowI understand the benefits of CF+ properties – however wonder if readers are aware of the tax office determination TD 2008/27Click here to read the determinationThis determination is about deductibility of compound interest on investment properties.The logic is simply, if int…[Read more]
jack1234 replied to the topic Answers to “Where to Find CF+ Deals” in the forum Hi all
I have not read all 14 years, 8 months agoHi allI have not read all the 16 pages – so could be repeating. I am about to give an example of a client who purchases only CF+ properties and at any given time he has 100 + such deals available to choose from. His formule is simple – "Buy residential and convert to commercial usage"The method is very simple, all one has to do is visit any c…[Read more]
jack1234 replied to the topic Super Fund Borrowing for Commercial Property – Need Accountant ?? in the forum Commercial Property 14 years, 8 months ago
jack1234 replied to the topic Michael Yardney Property Update 6 Mar 09 in the forum Creative Investing 15 years, 8 months ago
i have got that email as well and it is only telling the truth – terryw – please read the email – no harm in telling the truth – infact it is helping to clear his image.trustdeed.com.au do not give advice they just sell trust deeds to mostly accountants like usand they are not in competition with Chan & Naylor who conduct seminars with Dr Yardneyi…[Read more]
jack1234 replied to the topic Michael Yardney Property Update 6 Mar 09 in the forum i have got that email as 15 years, 8 months ago
i have got that email as well and it is only telling the truth – terryw – please read the email – no harm in telling the truth – infact it is helping to clear his image.trustdeed.com.au do not give advice they just sell trust deeds to mostly accountants like usand they are not in competition with Chan & Naylor who conduct seminars with Dr Yardneyi…[Read more]
jack1234 replied to the topic Michael Yardney Property Update 6 Mar 09 in the forum Creative Investing 15 years, 8 months ago
Micheali think you should send the above message in your e-magazine to all 40,000 people and get it out of the way once for all
jack1234 replied to the topic Michael Yardney Property Update 6 Mar 09 in the forum Micheal
i think you should 15 years, 8 months agoMicheali think you should send the above message in your e-magazine to all 40,000 people and get it out of the way once for all
jack1234 replied to the topic Michael Yardney Property Update 6 Mar 09 in the forum Creative Investing 15 years, 8 months ago
if it is untrue – why is he silent – after all he is the one who started this thread…
jack1234 replied to the topic Michael Yardney Property Update 6 Mar 09 in the forum Creative Investing 15 years, 8 months ago
if it is untrue – why is he silent – after all he is the one who started this thread…
jack1234 replied to the topic Michael Yardney Property Update 6 Mar 09 in the forum Creative Investing 15 years, 8 months ago
When someone advises you – like a doctor – or mentor – you trust them because of their capacity in your relationship. You take their advice because you trust them. But if they are known to break that trust earlier, with other people, may it be for another matter and i know about it, i will move on…But if you decide to stay and continue to take…[Read more]
jack1234 replied to the topic Michael Yardney Property Update 6 Mar 09 in the forum Creative Investing 15 years, 8 months ago
When someone advises you – like a doctor – or mentor – you trust them because of their capacity in your relationship. You take their advice because you trust them. But if they are known to break that trust earlier, with other people, may it be for another matter and i know about it, i will move on…But if you decide to stay and continue to take…[Read more]
jack1234 replied to the topic Michael Yardney Property Update 6 Mar 09 in the forum Creative Investing 15 years, 8 months ago
Once an offender… always an offender….trust is a very delicate thing ….
jack1234 replied to the topic Michael Yardney Property Update 6 Mar 09 in the forum Creative Investing 15 years, 8 months ago
Once an offender… always an offender….trust is a very delicate thing ….
jack1234 replied to the topic Transfer property to a SMSF in the forum PNFS
There is no 15 years, 8 months agoPNFSThere is no restrictions placed on a SMSF from acquiring any assets (including residential property) from 3rd party. Restrictions are on acquiring from related party with two exceptions 1) listed shares & UUT & 2) Business Real Property.Before you do any deals you must understand what is a "related party" – it is quite wide and includes…[Read more]
jack1234 replied to the topic Residential Property in Self-Managed Superannuation Fund in the forum Richard
5.74% is darn good – 15 years, 8 months agoRichard5.74% is darn good – i do not know, from where? – all i know is 6.85% from westpac / nab / st George and now cba – there is a loan available from ING – but i do not like that strategy where the co-borrower is the trustee of the property custodian trust with the member of the smsf who onlends the money to smsf – i think they have an…[Read more]
jack1234 replied to the topic Residential Property in Self-Managed Superannuation Fund in the forum General Property 15 years, 8 months ago
RichardI highly respect your experience in smsf borrowing. I know there are limited number of lenders – however now CBA has come to play and i am also aware that rate of interest is higher in smsf lending. However, once you do a cost benefit analysis of borrowing in super – it is a better option.I am aware that LVR is only 70% and outside of super…[Read more]
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