Good BA’s are worth their money.

Can’t see how any of them could claim to select the best 2% of properties when it comes to CG though…..I don’t know how that could be measured.

Cheers

Jamie

Hi Clux

Welcome aboard.

The only way you could claim interest against the LOC is if you spent those LOC funds on something investment related.

Cheers

Jamie

Which area do they operate in?

Cheers

Jamie

Hi there

You’re spot on.

If you’re looking to release equity for your new PPOR you’ll need to set up a second loan against the current property and use that to cover the deposit/costs on your next PPOR.

For instance:

Current property (soon to become IP)
Loan 1: Current loan (will become deductible)
Loan 2: Equity release for next PPOR (won’t…[Read more]

Hiya

Are you comparing Bris and Syd or QLD v NSW?

I know Syd is reasonably low – which is a direct result of competition but other areas of NSW aren’t usually that low.

In any case – the difference of 2% (after tax) isn’t going to be too huge unless your properties are renting out for heaps.

Cheers

Jamie

Hiya

Are you comparing Bris and Syd or QLD v NSW?

I know Syd is reasonably low – which is a direct result of competition but other areas of NSW are usually that low.

In any case – the difference of 2% (after tax) isn’t going to be too huge unless your properties are renting out for heaps.

Cheers

Jamie

Sad to see the end of SS – but the new site seems to be growing quickly.

Cheers

Jamie

There’s still options!

Different banks have different methods of calculating borrowing capacity.

Some would still calculate your interest only debt of 4.5% at that (ie. they don’t inflate it)

Cheers

Jamie

$5k spotters fee! I’ve never heard of such a thing.

Hit up Terry W above for a second opinion.

Cheers

Jamie

Hi Newandkeen

20% deposit seems bizarre.

However – if you’ve got plenty of equity in your current property then releasing enough to cover a 20% deposit/costs would probably make sense in terms of avoiding mortgage insurance.

What’s the value of your current home and how much do you have owing on it?

Cheers

Jamie

Agree 100% with Corey.

If you’re unsure how to do it – seek expert help. Corey would be a good start.

Cheers

Jamie

Where are you located?

If you prefer face to face there’s likely to be someone on the forum that can assist.

If you don’t mind communicating via email/phone then you can select any broker from anywhere in the country.

Cheers

Jamie

Hi Andrew

In which area?

….or is this a set up for some spam responses?

Hey Mandy

Not using a trust isn’t the end of the world – in fact, it’s not even that common these days. The vast majority of my clients don’t use them – I’ve never personally done so either.

As for risk mitigation – make sure you’ve got some good insurances in place (as you’re already aware).

Cheers

Jamie

If you’re keen on fixing – consider leaving a portion of your PPOR loan variable so you can still access flexible features such as an offset, etc.

Cheers

Jamie

ING just announced a lending cap of 80% LVR on all NSW properties :-(

Wow – $5.5k for that! and that doesn’t include the commissions they would have made on the property sale, the loan they arranged for you and whatever products the planner has set up.

Very greedy. I really don’t understand how some companies get away with this.

Most of those offerings are provided free by brokers/bankers and planners because they…[Read more]

There’s a weird stigma that if a property isn’t negatively geared it’s a bad investment. It’s a flawed idea – but one that commonly arises.

Nothing wrong with having an investment that makes money.

Cheers

Jamie

Terry’s your man :-) No need to share the love – just contact him.

Cheers

Jamie

Nah – no change tomorrow.

Cheers

Jamie