Hey 4jojo I have been lucky so far my friend. My Bank valuation came up at contract price for my NRAS property which from what I have heard is RARE. As Alister indicates a lot come up short. My fortune may not have been all luck though. I read a lot on NRAS so I went in with eyes wide open. I am just a beginner to property investing so I took…[Read more]

I run into a slight hiccup on Friday. My Broker rang and said Suncorp's policy  will only account half of my commission to service the NRAS loan and because 50% of my salary is commission it means I fall short for serviceability. St George has pre approved 70% LVR and we are going for the remainder with my existing bank Suncorp. My broker says w…[Read more]

I would just like to say thanks to euro and Richard for your help.Cheers

Around how much would it cost to set up a unit trust?

Thanks Omega Can you negitively gear within the trust? How would it work with claiming depreciation and interest as the property is brand new and tax claims contribute significantly @ 38cents in the dollar which is my marginal rate.

I am putting the property under my name for the above reasons, thanks guy's! So, is there any future pros or cons to putting the loan under both me and my wife's name, my name or just her name???? I want to safely expand my portfolio as quickly as possible and I want the loan structure correct in the beginning so there no headaches latter on down…[Read more]

Thank you guys, that's a great help. Catalyst, yes that right it's CF+ only if I factor in Tax benefits.

I need some opinions and maybe some local insight . I am tossing up between Gladstone and Calliope (20 min SE of Gladstone) for building a new 4 bdrm IP. No one has a crystal ball but looking at the fundamentals , would there be a significant difference in capital growth between them once Gladstone starts moving?I have talked with someone from up…[Read more]

Mr 501Thanks, I probably wont be buying and selling in the same time frame.It could be 3 to 4 months between selling and buying the new PPOR. You mentioned to pay out the old loan ie LOC from the new loan, is that still possible in my position?Arh, do you mean I get out a separate IO loan to pay out my LOC when I sell my PPOR?

If anyone has any SOLID evidence relating to the Banks attitude/policies towards financing NRAS properties in their current  "straight freehold structure" I would be most appreciative. Are the Banks up to date with these changes? Has anyone just gone through the process recently? Why would a sellers agent be cloaking "side agreements" into…[Read more]

Thanks for the report Mike, your truly a great Bloke!

Try BMT Quantity Surveyors, a little more expensive but they will get the maximum deductions and an ATO friendly tax return.www.bmtqs.com.au

Sootyss, thanks heaps for your tips there.  I understand where you are coming from. I too have been lead up the garden path and might have lost my house if I would have follow the "highly leveraged advice". Destiny is having a launch seminar on a new product coming up very soon so I will go along and hear what they have to say. I agree with you t…[Read more]

Locky, I like your lateral thinking. This is what I came to this forum for! That is worth thinking about for sure. I am starting to think it might be better if I look after my own investment. I am fine with paying someone to advise me as long as they have no vested intrest in a particular product that can compromise potential capital growth. The…[Read more]

Thanks heaps Scott, I dont believe you have no mates. I will have a good look at Ironfish for sure. Anyone else recommend one of these companies and why?

Cum on people!  Help   Pretty Please, can anyone (that doesnt work or is affiliated with OZINVEST) give us some feedback on this company. I am a first timer to property investing and interested in doing some research on companies I am considering before commiting the $$$$$$$Anyone have other suggestions for companies that are ethical, re…[Read more]