Forum Replies Created
Like Derek said – a 20% deposit isn't always necessary to get the deal done. Generally speaking, the minimum required is a 5% deposit and funds to cover purchase costs such as stamp duty, etc.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Here's some good ones – http://www.passgo.com.au/property-data-websites.html
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Qlds007 wrote:Maybe Virtual has some vast experience to share with everyone else ……
If it was a spelling forum maybe…..
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
You can pick up cheapies from any of the hardware stores.
Or if you want to save some cash, if the carcass is in good condition – you can replace the doors, handles.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
JacM wrote:VirtualIT, wow what is your problem? Richard has been a member for a loooong time. Spends his spare time guiding people out of their ever-present spots of bother here on the forums. The man is very knowledgeable, always delivers beyond expectation and has done extremely well for himself. Abbreviating words is what many choose to do in the brave new world of forums and lots of typing on iPhones and iPads and such.Might be polite to check the street cred of someone before you attack…
Interesting that their first post was having a dig at someone.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Derek wrote:Hi Jamie,I am not doubting the SS meetings in any way at all.
I just wonder if the SS event is more a networking rather than seminar event. Given the initial enquiry was trying to get some strategy/approach tips and techniques as part of their own learning journey I wonder if they wouldn't be better off tracking down property seminars from banks, brokers etc
Having said that clearly the SS event may create opportunities to link with successful investors in more of a mentoring/ chat over coffee role.
Just my thoughts.
I assume it's more of an opportunity to chat with like minded people and bounce some ideas of others. I think they have a guest speaker every now and then.
You're right, it's not a seminar per se….but certainly probably worth checking out for someone that lives in the area.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
You can only link one offset to one loan.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Good thread.
Here's a spreadsheet we have on our website that some have found useful http://www.passgo.com.au/investment-property-analysis-tool.html
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
You generally pay a premium for new stock – just as you would for most brand new products.
You can't really add value to a new property so it could take some time before your realise any CG.
Depreciation on newer properties is higher.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Not usually.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
No worries at all – they're a friendly bunch as well.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Hi Katee
Speak with a good accountant about your options and seek some professional advice. It needs to be an accountant that has a good understanding of IP related matters.
Where are you based?
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Now my weekends over – thanks Scott.
RIP Jasper.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Shouldn't be an issue. Just choose one – and sign the one lot of paper work.
Might be an idea to not withdraw the other application from the other lender just yet (just in case). Their approval should be valid for 90 days.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Hi Mel
There's always going to be a motive behind seminars – it's not necessarily a bad thing, but it's a reality.
If you're looking to touch base with other investors in your area, I know there's a regular get together in Melb that's broadcasted on the somersoft forum.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
In that case – I wouldn't worry about whether it's CF + or CF –
I'd be more concerned about it being vacant for so long!
Is the asking price in line with similar rentals on the market?
What's the PM's feedback been?
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Scott No Mates wrote:But if the only two real beneficiaries are Mrs & Mr No Mates who are both in the top tax bracket how do I save tax? It's fine when there are other beneficiaries (ie low income earners over the age of 18) but what if there aren't)?Trusts aren't exempt from land tax from $1 (generally)
It costs $ to have the books done/company set up annually.
I agree with you.
They have their place – but for a lot of people they don't seem necessary….but I'll leave that to their accountants to advise on.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
A discretionary (family) trust will allow you disperse funds to the beneficiaries at your discretion.
Therefore, it makes sense to distribute profit to the beneficiaries who earn less – hence the tax benefit.
A trust won't help with serviceability.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Freckle wrote:AP is a mapping problem. No map!!The term doesn't define the problem because paralysis isn't the issue rather a continuing effort to either analyse or a fear of acting because you have no template that tells you when you have completed the analysis.
People get stuck with AP because they have a haphazard ad hoc approach to problem solving. The solution is to develop a methodology that suites your goals/objectives.
- Define the goal (5 IP's in 10 yrs)
- break the goal down into bite sized chunks (1 IP/2 yrs)
- develop a measurable set of criteria (region, demographic, value range, property type, etc)
- develop a financial model (pos/neg gearing, debt/equity ratio, P/E ratio etc)
If you look at successful experienced investors they are always highly organised and structured in their approach. They have a strategy, a plan to accomplish the strategy and a set of rules to operate by.
The wannabe who suffers from AP lacks at least one of these if not all of these attributes.
Fantastic post and agree 100% – it deserves a pressing of the little thumbs up icon.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
It's probably prudent to include a couple of weeks without rent….and also a weeks rent letting fee to the PM.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
