Just wondering why the 2nd thoughts ?
You obviously thought it was a good idea, what changed ?

Try this guy, he is an absolute legend.

Daniel Gaunt
Sydney Finance Services Pty Ltd
PO Box 549, Sutherland, NSW 1499

P: 1300 765 282
M: 0466 618 957
E: [email protected]
http://sydneyfinanceservices.com.au

Another thing to bear in mind re. Tax deductibility is that it’s the use of the funds that determines deductibility NOT what the loan uses for security.
Ie. if you borrow against equity in your PPOR and use it to purchase and IP then it IS Tax deductible.
whereas if you took a loan against equity in an IP and used it for renovating your PPOR then…[Read more]

I buy property in the USA, and it definately IS possible.

Sue, might I suggest going along to Steves 2 day workshop this coming weekend. It will definitely open you up to ways of investing that will challenge your preconceived ideas.
Just a thought

Cheers
Laurie

Yani,

you really need to think about things more openly.

Why are you so insistant on buying in your own neighborhood ? Is it the best place to invest ?
A lot of people think they’ll invest in their own backyard because they know the area, but do they really know it? If you do then you’ll be able to answer all of these questions.
What is the…[Read more]

The GFC is still not completely done with, the U.S. is still in recovery phase. As people who defaulted and were foreclosed upon slowly regain the ability to borrow again then I can only see the market going upwards. Look at the Florida market, it has gained strength year upon year since the GFC.
Yes the aussie dollar has slumped against the…[Read more]

I’m sure you’ll get a lot of great experience working as a property manager.

I know exactly where you’re coming from where everybody close to you is telling you why you can’t. Here’s a little tip that was passed on to me that I ALWAYS follow now. If the person giving the advice has 6 investment proerties and loads of experience then listen to…[Read more]

Hi Amie,

I’m sure with the attitude you’ve got that an early retirement will be a given.

Here’s a few thoughts for you to contemplate

A car will depreciate and take quite a bit of your weekly cashflow to keep on the road. If you can come up with other alternatives you’ll be much better off.

Definately do not think that all the opportunities…[Read more]

I went to one of the presentations by Rowan Burn about the Veneziane project, it was a VERY slick presentation.

For taxation purposes it is the use of the money not where it comes from that determines tax deductibility. Don’t contaminate your IP loans by using some of the money for personal use.

A line of credit with sub accounts for each property is a decent way of structuring. You can then use “Debt recycling” to pay down non deductible debt whilst…[Read more]

Mate, sorry to hear you had such a bad experience. Sounds like you’ve managed to pull a few positives from it though.

Mate, sorry to hear you had such a bad experience. Sounds like you’ve managed to pull afew positives from it though.

Like everything, there are positives and negatives to cross collateralising loans.
On the downside a particular lending institution knows far too much about you and if they decide to wind in the reigns by reducing LVR’s etc. can possibly make life difficult.
On the upside having all the loans together with a master limit can take advantage of…[Read more]

Sometimes an accountants advice won’t necessarily be the best advice for an investor. Accountants tend to focus on reducing tax payable whereas investors focus on either cashflow or capital growth.

It sounds like you’re in the “Asset rich, cashflow poor” situation. Lenders are increasingly focusing on serviceability nowadays.
Have a chat to a good mortgage broker and get a feel for exactly where you stand as far as borrowing ability goes.
If you can access some equity you may want to consider high cashflow options such as U.S. Property, or…[Read more]