freedom, there are a few guys and girls who are ‘doing the spotting thing’.

The only one that springs to mind at the moment for Aus though is Bear1964. He lists his email at the bottom of all his posts, or you could PM him.

For NZ, there is Westan, and MiniMogul.

Cheers
Mel

Houses Only, if you are using the refinance to pay for your new PPOR, then nope, can’t be claimed. It’s the purpose for the money, not the security.

Cheers
Mel

santa, I think you’ll find that it is. Easy to confirm though – the ato website should cover it.

Cheers
Mel

I think the bank still sees it as owner occupier. You might be in trouble though if you need their rental to actually qualify for the loan, but I have heard of people providing a signed agreement to the bank, and they have taken that into consideration for servicability.

I think (note ‘think’ please check yourself) that if you don’t claim the…[Read more]

We all have choice in what we spend our money on. Some sacrifices may need to be made in order to get ahead. If you plan your shopping in advance, and don’t have takeaways, or ‘packaged’ meals, then you can cut your bills quite a bit.

For some tips on how to cut down your discretionary spending, without actually losing your ‘quality of life’,…[Read more]

The problem with keeping all your loans with one bank is that eventually you will hit their ‘lending limit’, and they will knock you back, no matter what the deal is like.

At this point, it’s necessary to go to another bank. If you have three loans with three banks, you now have three choices for your next loan that all know you already.

One…[Read more]

TC, a trust structure would provide that same protection – especially if it had a company as trustee.

Cheers
Mel

Why would you be paying a large amount of tax? At most it would be 48.5c in the $. To leave you with a profit of only $200, you would be making a profit of only $400 for the year anyway, which is hardly worth it.

You would be paying CGT on the place you sell unless it was your PPOR.

I think you need to realistically assess your $$ profit, not…[Read more]

Chan, it depends what constitutes a ‘celebration’!! Just arriving to the day is a celebration in itself.

Cheers
Mel

There has been a correct answer posted already.

Do you wish me to reveal?

Cheers
Mel

Nope to both.

Cheers
Mel

Also remember that you get a 6 year exemption from CGT if you do not make another place your PPOR in that time.

So you can have the best of both worlds.[^]

Cheers
Mel

Companies are bad because there is no CGT halving. If it’s a trading company that is very bad because trading companies are more likely to be sued than a ‘shelf’ company that just owns property.

Trusts are better, with a company as trustee.

To get a loan though a company, they ask for the directors guarantees if there are no assets or income…[Read more]

tjal, there was a post made by Grizzly Bear (Steve’s business partner Dave) stating that as of 1 Jan 2004, the requirement is that you must live in your property for 6 months to retain eligibility for the FHOG – commencing within the first 12 months.

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=7793&SearchTerms=fhog

Cheers
Mel

Happy customer, that’s good, and glad it worked for you.

I guess what we are pointing out though, is that any good mortgage broker will provide the same service to you – for free.

I’m intrigued that you’ve called yourself Happy Customer and only have posted regarding this company though…..

Cheers
Mel

James, start date is the day you sign the contract. End date is the day you sign the contract to sell. Need to be careful if you give a long settlement, but exchange in one year and settle the next. CGT hits you in that first year’s tax return, which may need to be paid before you settle.

Cheers
Mel

Yep, all my future loans will be with a broker. Was happy with my bank manager, but he moved interstate (was it something i said?). Ever since I can’t find a decent one, plus the bank shafted me, so they can bug off.

Cheers
Mel

The best thing is if you don’t like your job, and you don’t need it anymore. Then you can tell your boss to take his/her job and

give it to someone who deserves it more than me.[]

Cheers
Mel

Matt, that is true – unless you are using all your available equity. But if I have an unencumbered property now, I would be pursuing that option – thus no unencumbered props for this little black duck.[]

Cheers
Mel

SIS, I’m thinking….. ‘good as gold’?

Cheers
Mel