Milhouse, further to my last, I’ve just remembered that FreemanFox (Peter Spann’s company) have a financial advisorty service that discusses both shares and property.

Have a look at http://www.freemanfox.com.au

Cheers
Mel

Check out the resources section of the website. If you are subscribed to the newsletter you will get advance notice.

Steve doesn’t actually present too many seminars anymore. these ones may well have been ‘one offs’. Watch this space I guess.

Cheers
Mel

amlc_79, it depends on your tolerance I guess. If you do the research, and could buy a house and land, or be an owner builder for quite a bit cheaper than buying new/established (to allow for contingencies of course) then maybe that’s a good way to go.

If you have little experience, then perhaps buy a house that you can comfortably afford, and…[Read more]

It certainly could happen. However, the banks really don’t want to do it. It looks bad for them, especially if it is a PPOR.

If the customer always pays the loan on time, etc., they will tend to stay away from the margin call.

BUT, if they’re problem payers, the banks may well call it in. Depends how nervours they are with the exposure I…[Read more]

Hi Dono

For some ‘education’ on entities (specifically trusts) check out Trust Magic from http://www.gatherumgoss.com It’s a great, easy to read manual.

Cheers
Mel

Hi guys

Isn’t there something in the various tenancy acts that says you can’t raise the rent by so much at once? I mean, we’re looking at nearly a 50% increase here!!

I’ve got a friend who’s been in my place for 2 or 3 years. She’s paying $180, and I’ve just seen one in the complex advertised (once, it’s gone now, so assume they got the price)…[Read more]

Kay, the year referred to in your post, and the article is 1986, not 96, so might explain the difference in the stats!![evo]

Love the new smilies.[exhappy]

Cheers
Mel

I am so not a liberal voter that I have been scared to join in this post[fear]. Flak jacket on[lmao]

In regards to the abolishing of negative gearing in the 80’s, wasn’t it that it wasn’t retrospective? ie, if you had them when it ‘died’ you could still use the losses, but you could not ‘create’ any more by further borrowings?

The losses per…[Read more]

Canneram, surely you could do a cost benefit analysis on buying a positive cashflow property. If you could start with one under $100K that maybe brings in $30 per week or something like that.

Is it an ‘assets’ test, or an equity test? To start with it would be pretty much all borrowed money, so you might be right there.

And surely they ‘phase…[Read more]

Julian, I think your system should be clean. As Mortgage Hunter said, someone has your email address, and this other person’s, and so you get the reject email.

I’ve got the same setup as you, and had a couple of similar messages in the past week, but have not sent any emails out.

Cheers
Mel

It sounds rather fraudulent for them to bank a cheque if the offer is not accepted. I believe that is what Dolf’s teaching is on the matter also.

Pisces, I would have thought that you definitely had recourse for your banked cheque with no offer accepted.

If you can do it – I would go and sell a house, but accept cheques from four different…[Read more]

landlord to be, no you cannot if it’s a fixed lease. The lease has to be honoured. However, a monthly tenancy you can request to be vacant possession, tufing the tenants out.

Cheers
Mel

Gerry, welcome to the forum.

I guess it depends on what you are comfortable with, your future plans, and how much equity you have in your PPOR.

If there is equity, you could redraw it to buy some IPs, CF+ or CF- depending again on what you want to achieve.

If you are planning on moving locations in the near future, you need to weigh up if your…[Read more]

Milhouse, I would recommend that you visit a bookstore/library and check out lots of good books.

If you have a look at the book listing in the Heads Up or Opinionated (I forget which) thread, it’ll be a good start. It’s a sticky, so it will be at the top of the listing.

Cheers
Mel

I think Wealth Guardian goes into all types of structures.

Trust Magic sticks to Trusts, but gives more info on how Trusts can benefit you than does Wealth Guardian. There is a really good list and explanation of pre tax expenses that a Trust may utilise.

Cheers
Mel

Guys, definitely agree with Chan$.

Dale GG has been very involved with Hybrid Discretionary Trusts, and Trust Magic explains them quite well, and how they are used.

see http://www.gatherumgoss.com to get a copy. I don’t believe that you need $100K of interest deductions for them to be useful either!!

Cheers
Mel

Is not another reason that you can limit the liability to only those assets owned by the entity that gets sued (I’m still unsure as to whether or not they are totally safe – I’ve read conflicting reports).

Also, I think having assets in different entities prevents the ‘millionaire’ land tax that NSW and perhaps other states impose once your land…[Read more]

Do your research on the area. Put together a ‘dossier’ and give to the valuer. Don’t only show superior properties to yours, that won’t get you the price you want.

don’t BS.

Cheers
Mel

Nothing down to me means no money out of my pocket.

So it could be equity, it could be a loan from a 2nd mortgage, vendor, parents, friends, personal loan, credit cards etc.

Just so long as the deal still works with the extra costs for the ‘unconventional’ finances you find.

Cheers
Mel

Sorry Mustang, forgot to answer your question.

I would suggest you talk to a mortgage broker – about your existing loan, and what possibilities you have for future. If you can hold onto your home and borrow against it to buy CF+ properties, then that would be good for all of you. Kids keep the house, and you have extra money coming in.

I would…[Read more]