Forum Replies Created
Includes some pics of Rosie the Wonder Dog!
Cheers animal lovers!
Simon Macks
Finance Broker
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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 think you would learn more with a developer.
Where are you located and what are you studying?
Is it formal work experience for your course?
Maybe even contact Steve himself?
Cheers,
Simon Macks
Finance Broker
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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.
Thats really interesting info – I learnt a few things there!
Thanks mate
Simon Macks
Finance Broker
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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.
Asking for ideas is fine. Advertising it for sale is not.
Cheers,
Simon Macks
Finance Broker
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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 wouldn’t be keen on the $10K penalty.
30 days is a reasonably quick setlement.
What if the other party delays?
I would remove it I think unless I had no choice.
Some lenders are slow – make sure your mortgage guy knows the pressure on you to settle on time.
Cheers,
Simon Macks
Finance Broker
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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.
IO seems to be preferred by most of my investor clients.
Cheers,
Simon Macks
Finance Broker
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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 really think this depends on the state the land is in.
You will probably need a solicitor anyway so why not call some now and pose this question to them?
Remember to shop around as the fees can vary enormously.
Cheers,
Simon Macks
Finance Broker
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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 am doing it. It works well for me.
After last years tenants moved out we spent three hours cleaning for the next lot.
I have a system for selecting my tenants and it works great for me. My students are terrific young folks who will grow into impressive young professionals when they graduate.
Currently looking for another place.
Cheers,
Simon Macks
Finance Broker
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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.
Quote:Originally posted by colbert1982:Mr Marks,
It is Macks.
But don’t worry, even the Governor General spelt it Marks once!
Cheers,
Simon Macks
Finance Broker
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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.
Quote:Originally posted by Terryw:According to the Tax Payer’s guide (published every year), there is no need to claim rent received from flatmates etc as it is not taxable income. A friend also told me the ATO also said the same thing to her.
Terry,
I think this refers to rent from flatmates where you are the person on the lease and paying the rent each week! Therefore the rent is simply passing from them through you to the landlord.
I belive it does not apply to landlords.
Wish it did – I would move into my student rental and make $450 pw tax free from the other four tenants [biggrin]
Cheers,
Simon Macks
Finance Broker
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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 colbert1982:Mortgage Hunter,
How many people do you know that you that have claimed on their overall income when they have a flatout?
Stop wearing your business man hat and put your ‘real world’ hat on…
You silly sosage![inlove]
Cheers
I get your point, however not everyone reading your advice would be aware that you are actually suggesting that they break the law.
Is Ok for you as you are anonymous but the owners of the site aren’t.
All the best
Simon Macks
Finance Broker
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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 lived in Malaysia for 2.5 years.
Not long enough to know how the real estate market works (except as a tenant) Seemed to me that REAs found tenants and owners managed from there.
I did live there long enough to know that standards of work, govt building codes and inspections and consumer protection are not what we are used to. I also found that many folk see foreigners as wealthy and fair game.
I would have to research and be convinced of a very good upside before I would consider investing there.
A wonderful place to live tho and I miss many things dearly!
Cheers,
Simon Macks
Finance Broker
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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.
Except of course that that would be tax fraud…..
Simon Macks
Finance Broker
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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 can claim a corresponding amount of the cost of the place – I think it is calculated as a ratio of the space rented vs total floor space.
See your accountant as this may lose you part of your CGT exemption.
Cheers,
Simon Macks
Finance Broker
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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 which state you are in.
A call to your Office of Fair Trading or equivalent should get the the right answer.
See it as an opportunity t get a better tenant – not a disaster!
Cheers,
Simon Macks
Finance Broker
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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.
7.1% seems pretty reasonable Rob?
Also for regulated loans – means the client has the UCCC onside if it is a home.
Welcome back mate!
Cheers
Simon Macks
Finance Broker
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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!
Many people use equity to fund their next purchases.
All the best,
Simon Macks
Finance Broker
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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.
My post wasn’t advice!
[biggrin]
Cheers,
Simon Macks
Finance Broker
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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.
Esanda is owned by ANZ and has been around for a long time.
Cheers
Simon Macks
Finance Broker
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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.
Exactly. Via a NODOC loan. The major requirement is a clean CRA.
Cheers,
Simon Macks
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.
