Hello, As a newbie I agree that it is hard to search the site to find answers and if the topics had better titles it may make it easier. But. I have just been to the search function and put in 11 second rule and found the great answer by AD. it was dated 12/4/3 check it out. the title is what is the 11 second rule. So may be it’s not so hard afterall. ps. has that search function always been there?
Lynne
good people, all you brainiacs out there adivce is needed. to Mathew- Here’s my take on this: the ATO will only allow tax deductions for interest on money used as an investment – not incase you buy one in the future. just because a loan is set up for investment purposes dosnt mean it is tax deductible – isnt the ATO’s theory that our IP’s purpose is to eventually make money & therefore make them money? & that’s why they let us deduct costs until it makes them money.
hope that makes some sence?
Hello Andrew
I think most newbies (like me) have the same questions, your help is much appreciated. In your list of questions above, can you please explain ‘what would you do to get there” and how does what level of dealing with people make a difference? Thanks.[?]
I also wonder if Maximus has $80K in equity why not keep the property & take a loan?
Thank you both for your advice. Certainly more to think about. Yes we realise the first step is to talk to the vendor (we are hopeing the language barrier wont be to harmful). I like the idea of a long term settlement but if i hand over the deposit what is my guarantee? they still have the title – would it be a Caveat?
many thanks.
Lynne
Hello, I had a similar crap valuation through St George and asked them to fax me a copy which they did. it gives you something to work with. hope this helps. cheers.
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