Forum Replies Created
IO with an offset account is my suggestion.
Pay down as much as you like in the offset but the money is there to use as you wish.
If you do use it for personal purposes then you wont jeopardise the tax setup.
This is quite important if you choose to buy a PPOR in the future.
Cheers,
Simon Macks
Residential and Commercial Finance Broker[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 might as well come too – a weekend in Sydney will be fun.
I have heard some stuff about NLP but don’t really know much.
See you there Kay.
Simon Macks
Residential and Commercial Finance Broker[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.
There seems to be a few tickets being given away at the moment.
I am wondering if this is a new way at marketing? Lure people to a free seminar where they are flogging something else?
Haven’t seen any ads for the seminar tickets for sale anywhere?
Does anyone know anything about this one?
Cheers,
Simon Macks
Residential and Commercial Finance Broker[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.
Welcome to Australia!
Some quick answers to some of your queries – same numbering used:
2. http://www.realestate.com.au and forums such as this one will help identify areas to look at.
3. Nick Moustacas is your man at http://www.strategicwealthmanagement.com.au
5. Do a search for books and you will see many recommended here.
6. Establish a relationship with a good mortgage broker. He will help you decide the best avenue and then put it together at no charge.
7. Absolutely yes.
All the best
Simon Macks
Residential and Commercial Finance Broker[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.
Good plan.
You need to check out the FHOG a bit further.
You just need to live there for 6 months. Starting within the first 12 months.
All the best,
Simon Macks
Residential and Commercial Finance Broker[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.
He is referring to tax deductibility. This is allowed for interest on loans used to buy investments.
Not on loans for the family home.
Hope this helps,
Simon Macks
Residential and Commercial Finance Broker[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.
You are on the right track there. The use of splits is vital to reduce tax complications.
I would make the new loan IO and the IP split as well.
Focus on building equity in the offset rather than paying down any loans.
Cheers,
Simon Macks
Residential and Commercial Finance Broker[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.
You don’t need to sell it. Transfer title to, say, a trust and have the trust borrow 105% to buy it.
Put the proceeds into your offset account on your home loan.
Weigh up the costs of doing this vs the payoff.
Seek accountants advice.
Cheers,
Simon Macks
Residential and Commercial Finance Broker[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.
This place is going to the dogs….
Can you explain what you meaning by using encumbrances?
Ta,
Simon Macks
Residential and Commercial Finance Broker[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 agree, a mortgage broker will be able to help you identify your needs and indicate a suitable lender.
I suggest you ask your family and friends for a referral to a good one – there are a few cowboys out there!
Cheers,
Simon Macks
Residential and Commercial Finance Broker[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.
Also inner city is usually restricted to certain postcodes – some apartments may not have any restrictions at all.
Cheers,
Simon Macks
Residential and Commercial Finance Broker[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.
Why is a syndicate lower risk?
Simon Macks
Residential and Commercial Finance Broker[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.
Completely possible to do it yourself.
I have several overseas loan happening at the moment!
All the best,
Simon Macks
Residential and Commercial Finance Broker[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.
You want someone who is a broker and an advisor? That is a pretty rare thing.
I have someone I know in Melbourne. I cannot post his details without his permission but by all means email me.
Cheers,
Simon Macks
Residential and Commercial Finance Broker[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 agree too.
But my PI provider doesn’t [glum]
Cheers,
Simon Macks
Residential and Commercial Finance Broker[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 GPSNetwork:Simon, don’t you do that area too??
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auI do the whole country but I don’t recommend myself to people – [biggrin]
Cheers,
Simon Macks
Residential and Commercial Finance Broker[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.
The bargains are all around you.
You need to study the market and be in touch with what is happening. Many bargains do not even get advertised – others have been advertised so long that noone sees them anymore.
The trick is to recognising them and knowing when they are a bargain.
Cheers,
Simon Macks
Residential and Commercial Finance Broker[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.
if you go to http://www.pmigroup.com.au and check the location wizard you can get a reasonable idea of which areas may have limitation from LMI.
Cheers
Simon Macks
Residential and Commercial Finance Broker[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.
Steve from Mobile Mortgage has got to be your man!
Just do a search here for him.
Cheers,
Simon Macks
Residential and Commercial Finance Broker[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.
