Forum Replies Created
Thanks Stu, will check them out. What is the rate and fees?
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.
Originally posted by doupine:Question is this…. I read somehwere about purchasing within 12 months of selling off your investment and then not having to pay the CGT. How does that work? Do you ever get hit with CGT on the 1st sale when you eventually sell the 2nd one??
I am not aware of that – perhaps you heard it in relation to the US where I believe you can rollover capital gain into subsequent properties?
All the best,
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.
Only if the additional $20K is used for deductible purposes.
If you redraw it for personal use it will not be deductible.
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.
Only the portion of the loan you use for IPs will be deductible.
So if you pay the loan down then redraw some for an IP only the new redrawn portion will be deductible.
Hope this helps.
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.
Originally posted by allymac:i have a good property deal. I have finance but no deposit. How do I do a no money down deal where the vendor contributes[confused2]
Can I ask how you have finance with no deposit?
Would love to add this lender to my panel!
Thanks,
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.
Originally posted by eeshole:Simon, can you point us to some Aussie resources on the subject?
On no money down lenders?
I don’t know of any unless you have equity to use.
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.
Why ask us Jack? You are the one promoting Robert Allan on your Usana website.
Many people are seeing through your illogical posts and seeing them for what they truly are – a method of getting your website promoting your MLM in front of as many people as possible.
Time to start adding some value or consider moving on mate.
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.
I am in Newcastle.
Drop me an email if I can help with suburbs etc.
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.
If you get a fixed price contract with a builder then most construction loans should suit.
Probably a rate under 7% and you should be able to use equity.
I cannot be more specific without more info. But I don’t imagine you will have too much trouble.
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.
Hear Hear.
Well said Derek!
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.
I seem to recall that QLD used to have a standard clause for family to occupy the property.
You need to read through your lease and perhaps even contact an expert.
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.
I am able to recommend Hunter House Hunters to you.
Good people to do business with.
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.
Took your advice Jack – nothing Australian popped up.
I suggest you need to promote less of yourAmerican doctrine and start following the Australian stuff which you might find a little more relevant.
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.
90% LODOC will be expensive.
Why do you feel you might need a LODOC loan?
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.
It shouldn’t do.
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.
Quote:Originally posted by JackHu:You should try to establish a good credit rating so you can borrow large amounts of money quickly on an unsecured basis.
If you don’t alredy have a good credit rating , open checking accout at several banks. Find those whose loan officers are friendly and interested in helpin gyou establish a credit rating of through borrow small amounts of money. I believe there will plenty of banks in your area to deal with, and banks are in a keenly competitive business so YOU are the BOSS and don’t be afrid to get up and walk out of a bank that is not reponsive to your needs and wisheds.
I don’t agree with this advice. It will only clutter up your credit record and will be of no benefit whatsoever.
I suspect this might be a US technique which seems to be what Jack bases most of his advice on.
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.
End of thread and I will leave astute readers to draw their own conclusions.
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.
Gets curiouser and curiouser still.
Both colbert and knowitall are using the same IP address?
I feel a little uncharitable suggesting they may be the same person?
[blink]
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.
Yes please send me your information.
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.
Fixed interest rate of nearly 9% with his company? Thats about 2% over the current 5 year rate.
Either this is a punch and judy show or you have been duped/scared into paying a higher rate than you could have got elsewhere.
And for $400!
Something smells fishy to me. From your intitial enquiry to his advice and your decision all seems a bit quick to me.
Everyone please be aware of brokers who charge upfront for advice – you need to be sure that they are licensed to give advice. Unless this chap is a qualified financial planner he is acting illegally.
Thanks,
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.
