Originally posted by meatgroup:
Thanks Mortgage Hunter. Ideally I would like to buy investement property that are at worst nuetral and preferably +ve but I am really struggling to locate anything that comes close.

I figure that I am going to work for another 15years before I would like to slow down so the CG on these properties may well justify a…[Read more]

What was it about Powerloan that seemed attractive to you in the first place?

I think you should get some comparison products. You might well find that a reputable lender might offer you the same or a better product.

The easiest way to compare loans is to use a broker. Alternatively you can try http://www.cannex.com.au

I think you should believe…[Read more]

The bank will include 70-80% of the rent – depending on which lender you use. The remaining 20-30% is reserved as your cost of running the IP – rates, repairs and the like.

I suspect that with your income you can probably afford to have several negative geared properties. Unless of course your lifestyle precludes that!

Many people are dead…[Read more]

The study commissioned by the Australian Direct Property Investment Association (ADPIA) found ………

Doesn’t sound like any sort of independent study so far. [blink]

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…[Read more]

I know there have been studies linking Doctor’s Ties with bacterial infection vectors etc. Hence the rising popularity in Bow Ties for Medical Specialists.

Maybe you can target some advertising to these busy professionals who might love to shop online.

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

If the eventual sale of the property is for a lower price than your contract then you may be liable for that difference too.

Doesn’t work the other way if he gets a higher price tho [eh]

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

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

Where are you located Morty?

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.

I suggest that if you were to use one of the two blokes above then your opinion of broker’s will change significantly.

Cheers,

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…[Read more]

Originally posted by Daryl:
Rather than looking for a ‘right’ time to buy,
I was simply seeking everyones perception that if this
time of year things are definitey slowing down;
and if it might infact be a bad time of year to purchase!

Wouldn’t a slowing market mean that motivated vendors are easier to find than in a hot market?

There are so…[Read more]

This is really odd advice. Investors in both assett class are always buying and selling – there are always opportunities to be had.

Of course if you are blindly buying any property or stock then it would make sense to adopt a contrarian approach as described.

Just because the herd is buying shares doesn’t make it a bad time to buy – the demand…[Read more]

Originally posted by Bez:
Thanks for the reply Marc

Another thing i keep on thinking is…
Say u have a propery that after loan payments you make a positive $10 a week…
You put down $10,000 deposit on the property to begin with, wouldnt it take you 20years just to get your deposit back befor you “realy” start making any money on it…

I need…[Read more]

Originally posted by kirby_pk:
A very rough calculation i do in my head when looking at potential properties is that the weekly rental income needs to be around double the cost price (if you remove the thousands).

That is:
A property costing $400k needs to pull in $800 per week in rent.
A proprety costing $140k needs to pull in $280 per week in…[Read more]

Originally posted by wayne10539:
Thanks Guys

I was under the impression that the investment properties that i had bought were to old to be of any benefit. Obviously if Mortgage Hunter is able to claim $7000 over 3 years on a property 40+ years old, i am certaintly missing out.

I will have to look into it further with a reputable company, can be…[Read more]

My depreciation guy has a guarantee that if he doesn’t get you back more than the cost of the report then youi get to keep and use the report for free.

Given that it is one fairly quick inspection how could it not be worth it.

I have an IP built in 1960. I have claimed over $7000 in depreciation this last three years – and for a tax deductible…[Read more]

In addition the FHOG legislation allows for you to rent it for 364 days before you move in.

You need to occupy the residence within the first 12 months and then occupy it for a minimum of six months.

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

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

Originally posted by Spanky:
Well said Bryce,

I have done a bit of my own research on the viability of wind as an alternate source of energy, however, I feel that hydro-power generated by turbines installed across narrow coastal channels could provide a much more regular supply – the tide will flow as long as the Earth spins and the moon remains…[Read more]

These have high yields as they have low prices. This is because the yare not a popular investment.

They also pay the salespeople a higher comission to move them.

Please be very sure of what you are buying before you make the decision to enter into such a deal.

Cheers,

Simon Macks
Residential and Commercial Finance…[Read more]

You can buy a testing kit from Bunnings that will confirm the presence of asbestos.

Asbestos is safe to tenants. It only poses a threat when the sheets are cut or drilled thus releasing fibre particles.

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

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

Because the thread has run off topic or adds nothing to the forum.

If it blatantly broke forum rules then it gets deleted.

Perhaps it is better to just arbitrarily delete them but sometimes there is still some value to be gained by reading it so it is simply closed rather than removed.

I guess you are referring to a particular thread. I don’t…[Read more]

V8Ghia is spot on. You will create a mess re deductible and non deductible debt.

I would consider a split or even two LOCs. One clearly for tax deductible expenses, ie IP rates, insurances, buying shares etc etc

The second for private use. PPOR debt, personal expenditure etc etc

Direct all repayments into the non deductible debt. As it…[Read more]