When you have decided what the split will be then consult a broker to help you sort it out.  The Broker cannot help you decide what is fair – just help you finance it.  If you have that equity and income then this shouldn't be a difficult loan to put together and any decent broker will be able to help.Richard Taylor who posted above has c…[Read more]

I assume that most of them are OK.  If so just put an ad in the paper and someone will come and get them.  Perhaps even offer them for free if someone digs them out and removes them – a win win deal!

be very careful and ensure that you obtain independent specialists such as valuers and solicitors.  People have been hurt badly by these companies flogging off grossly inflated properties to people from other states etc.Understand also that you will be paying a premium to have all this done for you.  The company may tell you that their fee is p…[Read more]

To Australia?There are certainly many of your countrymen here already!I doubt you will find a business relationship like that on the strength of an post.  I think you might have more luck if you applied for jobs and got started in the industry.  You will make contacts and meet the right sort of people as you go, perhaps even end up with your own c…[Read more]

buy your home.  This home will probably be modest and like many couples you will prob upgrade as your family outgrows it.  Or you will move chasing opportunites.  It would be quite a minority who buy a house for their whole life as my grandparents did.So planning for this I suggest you buy with a 20% deposit.  Get an IO loan and put your sav…[Read more]

A margin loan is like a LOC.  You don't need to make repayments – the interest is added to the account each month and the balance increases.  As long as the total balance is under the allowable limit set by the security value then you will not be asked to make any payments.So to capitalise interest on a margin loan just do nothing.  It happens au…[Read more]

This is not real estate investing.  You wont get a mortgage over it.This is a business proposition like buying machinery and leasing it out.Returns are high becasue the asset is not attractive to own.  If the market thought it to be attractive then they would value it higher thus making the return lower.You wont get any sort of finance secured b…[Read more]

AJMJ wrote:
Thank you for that.I know what you mean, i have tried to read between the lines. I am just sick of not being able to trust people and what they say. Any more advice or stories would be really appreciated.Simon – are there any websites open to people like me who have no passwords or anything to find all these detais out on my…[Read more]

You can buy one of my properties.  I will cobble up some newspaper clippings and a sales pitch to prove how good the area is and even extrapolate how continued 20% growth (which we can show has happened in the last few years) will make you a millionnaire soon.The prices will be non negotiable because they are already too cheap as a special deal…[Read more]

kenzel wrote:
Tatts – Yes I do intend to get the FHOG which I believe is $7000 at the present time and I'm sure I won't rent it out until I've lived in it for 1 year

Requirement is that you live there for 6 months, starting within the first 12 months.

simple wrote:
I overheard that in order to manage RealEstate government considering to make IP less attractive as investment by removing tax benefits (loss wright off) from IP property's.

Who did you overhear?Do you believe it likely?  I sure don't.  Not that it would worry me too much either way.Don't waste energy worrying what might happen -…[Read more]

I would be speaking to the agents principal about his integrity.You also need to accept some responsibility.  You might have insisted the agent return with the key.  You should have known better than to take a REA at his word – especially close to settlement (his payday).

sunsetred wrote:
Hi Simon,It was the Manager that said No, first he said he would see what he could do then he rang back the next day and said that "they would not be willing to lower the rate".Then he said he would have one of the girls send out the paperwork.May I ask how you went about obtaining your lower rate?, and how much they came down…[Read more]

Some banks are very competive and others are not.  Nothing to do with size either.A lot also depends on who you are speaking to.  Perhaps the person you dealt with had no ability to consider your request and just sent you the paperwork.  This may not be a specific policy.I asked for a discounted rate and got it on my own loan. 

Yep – I am with Terry.

you need to live there for 6 months starting within the first year.

If you use an offset account then the answer is yet.  The money never enters or exits the loan and thus the loan remains uncontaminated.Do not do this with a redraw facility.  I have met brokers and lenders who will tell you that redraw is just like offset – Don't let these clowns near your finance!

bevans000 wrote:
My question is: Should we keep the 1st house, put on the rental market and re-finance this (maximize tax benefits)-BS-

Hope you weren't given this advice by a professional.  As pointed out, the ATO looks at what the funds were used for to determine deductibility.  In your case, if you use the refinance to pay down your new h…[Read more]

It is added to your taxation assessment and your tax return includes a cheque.If you know the amount you can ask for the tax taken from your pay each fortnight to be reduced accordingly.Cheers,

v8ghia wrote:
Interesting sentiments here. I have often been interested in the way some refer to 'securitised lenders' as if they are only for people that can't get bank loans from the big four banks. While it is indeed true, that some lenders, and indeed the lender in question will suffer some surprise reductions in their profitability for the…[Read more]