Forum Replies Created
Can you borrow a dog for a while?
These are probably pets so dumping them elsewhere would be wrong and probably illegal. As would baiting them.
Can you call council and ask the Rangers what to do? They may trap them and fine the owners – or is this just for dogs?
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments 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 Property WA:I’d agree Carl that it should be a heap more open to the real grass-roots fans that are there all season but miss out due to high corporate allocations.
But members of the respective clubs deserve to be there, and members of other clubs should be granted a part to – after they love their club but alot also love the game no matter whos playing.
In any case the proportioning of tickets definately needs to be improved.
But with 90,000+ screaming fans, 6 million + global viewers, and the camaraderie between fans of both sides and those there at 5am in the morning trying to get tickets – its still the greatest game on earth and one of the best sporting events Ive been to anywhere in the world!
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments 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 joshadelsa:Hey TMR,
That sounds like a great opportunity.
Most banks/lenders are very cautious with student accomodation as it resembles more of a commercial deal then a residential as it is basically a mini hotel. If you can service it on market rental you could use this rental however most lenders won’t accept increased rental income from student accomodation or ‘room by room lease’.Josh
Josh – that is exactly his problem. Market rental doesn’t allow him to do what he wants.
TMR – Can you get 7 x leases drawn up? Or can you get a rental letter froma real estate agent showing market rent being what you are getting now? Maybe the agent selling the current property you are looking at will write it to keep you on his hook?
Have you tried a good broker who can shop it around the loan approvers at each bank? Your local manager has no authority when it comes to lending any more these days. 20 years ago the bank manager approved loans and there was no LMI etc. Today he seeks approval from the same centre the brokers use. So cut him out and have one guy shop it to multiple lenders for you.
I also have a five bedroom student house and am looking for another. But serviceability is not my problem so I have never had to solve this issue myself.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Have you got 7 leases you can show the lender?
Maybe another lender is in order?
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Nick at http://www.strategicwealthmanagement.com.au
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Depends what you use for security.
If you have a property to use as security then normal resi rates apply.
If you plan to use the Art as security then I cannot help as I have no experience in this – I doubt any of our regular brokers will have seen this before.
I suggest you call an art dealer and pump him for info about how his clients borrow to buy – I am sure he will know what happens. There are plenty on the net.
All the best,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
What are your plans for the money?
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Wish I could make it down …..
Sounds like some interesting speakers.
Would like to read a synopsis of their points if someone has the time!
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments 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 plankton:What do you hope to get from an Investment group that cannot be obtained through these pages?Wow, Mortgage Hunter, you really need to lighten up and appreciate many different groups and sources of information all add to the knowledge database.
James.
Thanks James.
Why didn’t you quote the next sentence? In fact the rest of my post which offered a number of reputable groups?
Selective quoting like that reflects badly upon the author and is the mark of the 6.30pm current affairs journalist.
Another thing I appreciate is that there are plenty of “marketers” , “Trainers” and “Seminar presenters” aiming to part the inexperienced from their money.
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments 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 plankton:Bristow,
One aim of investing is to “control” the property, not own it. Therefore IO works best for investment loans. P&I is best for bad debt, ie PPoR where you want to pay it off at quickly as possible. This is because bad debt is not deductable, where as good (investment) debt it.
James
Good points James [biggrin]
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Just been driving my eldest to Tap Dancing and had a think about this on my way home.
I have put forward quite a valid opinion. An opinion that should be respected as much as I have respected the idea of the Women Only group, and indeed, have wished it every success.
I have called no one names and simply defended my point – and myself.
I have been labelled as money hungry and a misery guts. Two epithets that have particularly hurt me given the cheerful manner in which I moderate this forum for you guys and also offer the same information and answer the same questions over and over by posting, by email and by phone.
Not looking for sympathy or apologies. Merely respect that I can hold a differing point of view.
A wise man once told me,
“Never argue with an idiot. He will drag you down to his level and beat you with experience.”
I now see what he was trying to tell me.
I will not be visiting this thread anymore and would ask another moderator to keep an eye on it.
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments 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 troynbec:Leave those who want to do/be better to do so without trying to drag them into your cesspool of misery. if that is what you want to do then start your own club of (as my father would say) miseryguts!
James, you hit the nail on the head
TroyTroy,
Is that me you are referring to as a miseryguts?
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Investment loans should always be IO whilst you have any nondeductible debt. ie a PPOR loan or any other significant loan such as a car loan or large credit card debt.
Focus on reducing the non deductible debt. The overall debt reduction is the same but the tax benefit improves.
The other time an IO is good is when you are trying to maximise your cashflow to qualify for or service additional debt.
This is usually an issue a new investor struggles to comprehend at first.. Stop thinking like a person whose only goal is to buy a home and pay it off ASAP [biggrin]
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I have used PIA for some years now. Haven’t tried any others so cannot compare or answer your question.
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments 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 aanzac64:If you were thinking of getting the best returns you would have to look at spreading it some what.
Why?
A lot of experts invest in something they are very very good at for superior returns?
Others say diversification = diworsification.
Me? I have no firm ideas either way but wonder why you feel that spreading the joy is the best way.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I see the odd house on a main rd with small billboards for businesses. I think you would have to buy the house on the busy corner to make it attractive …
Also check with council first.
But it might work – I doubt you would make a lot of money but a little wont hurt.
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I don’t know anything about Mt Morgan. However if I felt that the population is in decline then I would look elsewhere.
Both capital growth and cashflow will be adversely affected by a drop in demand. Why else would you buy something?
Cheap isn’t necessarily cheap if you get my drift …
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
In your situation it makes sense to do what you do.
However if you had a dependent spouse with little or no income then earning them money in an ING account might be worth doing. They would pay little or no tax and you still maximise your deductible interest.
Also remember that you have your savings in your IP loan. If you need to redraw those funds for personal use then you will contaminate the tax deductibility. Big example is if you decide to buy a PPOR or a car for personal use……
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I would upgrade my PPOR to a lakefront one.
I would then borrow 80% of the value and add to my property, managed fund and share portfolio.
i would consider a decent sized commercial or industrial property if the right one came along.
Would also consider a share in a pub if the right property and partnership was available.
Cheers
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
