Or you can have them hard wired in to the electrical system with a battery backup.

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Or you can have them hard wired in to the electrical system with a battery backup.

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Originally posted by 65ens:
i am nowhere near as experienced as all of these guys but the way i look at the I.O. vs P+I scenario is like this:

say if i buy a house for 100,000 and then sell that house for 175,000 in 5 yrs time creating a 75k capital gain.

If i had the loan set up as P+I i may have paid 50,000 off the principal. So i would…[Read more]

As much as we would like to help you I suspect things are not the same in the US as they are in Australia.

I suggest you contact a local agent or solicitor for advice. Perhaps some local investors have such a forum as ours.

All the best,

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments…[Read more]

Originally posted by cata:
Spot on Terry

Registered mortgages get paid first in the case of bankruptcy.

CATA
Asset Protection Specialist
colin_wardle@hotmail.com

So the funds from the topped up or second mortgage could then be invested through the trust and be untouchable?

This is my plan as well.

Simon Macks
Residential and Commercial…[Read more]

Originally posted by Terryw:
Just drive an old bomb, and keep your cashflow clean and borrowing capacity clean.

Terryw
Discover Home Loans
Terry@discoverhomeloans.com.au
Send an email to get my newsletter.

Thats what I do …

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be…[Read more]

Capital.

If anything is done to improve the property above it’s condition at time of your purchase then it is classed as capital. Regardless if someone else was renting it out it all starts fresh from your purchase.

You will be able to claim depreciation on the repair.

if however damage was caused after the purchase then a repair might be in…[Read more]

I use NickM for my HDT who is one of Chris Batten’s favoured accountants http://www.strategicwealth.com.au

Nick tells me that he is well into negotiations with the ATO re hid trust deed and they they are definitely on the front foot with them.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228…[Read more]

Be aware that some agents are unscruplous and such an agent could be trying to manipulate both the size and timing of your offer by suggesting a second buyer.

Of course he could be honest too ….

But don’t let him influence your decisions too much [blush2]

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425…[Read more]

So to simplify things you want to sell a property to buy another property?

Sounds like a lot of fees for others …

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you…[Read more]

Once again this isn’t a simple question and people will have had success using either.

I personally feel that you should choose areas that have a history of capital growth. Whilst many people made money out of remote towns in the recent boom some of these places had little growth in the 20 years preceeding what was the biggest boom in our short…[Read more]

Originally posted by freeman cooper:
Hi Cathy,
I am currently refinancing with a company with property investing experience. The CEO has 40 investment properties and gives sound inteligent advice as well as providing finance all over Australia.
Deatils are:
Ranges Finance
Alan Lee (CEO)
42c Aitken St Gisbourne 3437 vic
PH: 1300 785…[Read more]

Originally posted by jxf:
G’day all

I am also interested in finding out what these Interest Only loans are all about.

Simon (Mortgage Hunter) I go back to your example of your parent’s place.
. So they paid interest only (hence their mortgage payments were smaller each month) and now they still owe the initial borrowed sum of $47,000.…[Read more]

I am guessing that a bunch of anonymous strangers in a forum isn’t the mentorship that he had in mind.

The problem is that the more successful the mentor the less likely he has the time or the motivation to spend it here … myself included.

All the best but I am thinking that you need to approach this in a more targetted and businesslike…[Read more]

No

Interest paid on interest capitalised to the account is not normally deductible.

This is a murky area and I would suggest you tread carefully if you do decide to claim it.

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend…[Read more]

http://www.somersoft.com

http://www.invested.com.au

are two of the better ones I know of – better = free from spammers and trolls [blush2]

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision…[Read more]

It all hinges on what your contract says. Have a read of that and see where you stand.

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

There may be a happy medium in which you utilise all available funds to decrease LMI instead of borrowing less and paying more.

A broker should help find this balance and suggest new options.

Have you considered buying this property as a PPOR to use the FHOG and Stamp Duty Exemption provisions? You only have to live in it for 6 months to satify…[Read more]

I have looked into it – the big spectre was always deregulation of the industry.

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

What if you borrow the $7000 from your parents and go in with a $17K deposit?

Personally I would prefer to use a higher deposit which is then usable equity and “give” $7K or $9K to some bank johnny…

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual…[Read more]