Most comments above are from brokers, read between the lines. Mortgage Broking is a great job and is financially rewarding. I was a school teacher and moved into the industry many years ago after the lowering of commissions etc. At the time I was also told all the negative reasons why I should not, and could not….I like yourself was well…[Read more]

As per above, so, so wrong.
Regards
http://www.birchcorp.com.au

Jemima,Correct on all accounts. Just be careful with the debt recycling. Although capitalised interest is allowed you do not want to get caught out under part iv(A). Also, I tend to use term loans with an offset account. LOC's tend to be overpriced and dated. http://www.birchcorp.com.au

The face of investing has changed significantly in the past 5 years. Further, the strategies used by investors over the past decade are valid, but there is strength elsewhere. A broker may talk about crossing/ uncrossing loans and other significant aspects of loan, but without having the mindset and contemporary insight into investing you will b…[Read more]

I guess I was wrong. Now look who is taking a large slice of count Financial. CBA has gone all guns blazing…… How disappointing that the truly independant Financial Planners are now close to nil- the banks own Australia. I will stand strong and will claim to be one of the only truly independant Financial Planners. I have no ties with any ba…[Read more]

I am a property investor, that has lived in Sydney all my life and have many IP's here. I do not sell properties nor have any interest in any real estate firm. I am happy to offer my general opinion. This means I would not be tarnished by locations that I have to sell on my books as per a property agent….. just some friendly thoughts.I am happy…[Read more]

Thinking out side the square, will loking at making the most capital gain for your children in future years. If it happens that you can not afford to buy, then continue to rent- that is the simple part.Why not make a non-consessional contribution to your Super fund, this will prop up the balance of the combined super balance of you and husb…[Read more]

The local paper has never failed me. I did this in the local paper for The Entrance NSW 2 weeks ago and had 30 applicants. I interview the tenants and have never had an issue in any of my properties. The result is generally the same in all suburbs given you have bought in a reasonably populated area.http://www.birchcorp.com.au

Apart from the fact that a LOC has no term, there is very little benefit. In fact it simply lines the pockets STG or other financial institution whatever the case.I would only use a LOC if you are in serious doubt of future income.http://www.birchcorp.com.au

This all looks good, but make sure you borrow 110% for your next IP, this will ensure all is tax deductible in the event that you purchase a more expensive PPOR and or require the funds for private use. Again, any extra money is to be placed in an offset account. Utilise split loan accounts for various strategies…..Note: Utilise the equity in…[Read more]

While you are thinking, and asking, you will win…..Capitalising interest is allowed and is a very useful tool, this goes hand in hand with capitalising expenses….. These tools allow an otherwise cash strapped investor to live a fruitful life.Negative gearing works very well. I had a very decent income and retirement fund at 33 years of age…[Read more]

Placing the money in an offset account is the only answer. Definately do not pay down your mortgage. About three major reasons for not doing this. Risk, tax deductibility and extra costs on your future acquisitions.No term deposit as this attracts tax,You have many options, including but not restricted to SMSF gearing-  particularly with internal…[Read more]

Good timing for you, I have only been back on this site for 2 minutes (busy for several months). I have completed many of these for clients in recent times. In fact the office I currently lease is owned by my own SMSF.I am happy to discuss further- I am at Norwest Business Park, NSW. http://www.birchcorp.com.au

Congratulations Tracey!I am a realist, and what you have described is real and describes something that Mum and Dad Australia can do…. This is entirely my point. A real guide, a real family and real income can achieve financial success. Wait for the 15 year mark, and your family will not be working….. Congratulations again!http://www.birchcorp.com.au

I have heard of better, but not sure you would go to the pain just to save a few dollars…. That is a "No to refinance" from me, unless you can get another property out of it, capitalise your interest/ expenses or create a buffer for further acquisitions. But deifnitely not to save a few dollars….http://www.birchcorp.com.au

Yes that is the land value, not taking into consideration any improvements on the land.http://www.birchcorp.com.au

Thank you for the Welcome back! in line with this website, I did a major renovation on my property…There has to be a cut off point between dreams and reality…… And there is the answer…. Dreams sell, reality does not…..I believe wealth cannot be created overnight for the average Australia, it is a 15-20 year deal and there is a blue-print…[Read more]

Yes I have seen how he is all about making money. Nathan Birch (X-Real estate agent) was also selling property to clients (as a buyers agent or like) in Mt Druitt (not exactly a top pick) for a large fee. An average Australian has a regular job, works 9-5 etc etc The question would have to be phrased: Why do you not back yourself Mattnz? Is this s…[Read more]

I see that Steve has accomplished great things, the philosophy is great, the thought processes are impecable, nice guy and the negotiating skills are great. But what I cannot see is that this can ever be repeated. There is no strategy for Mum and Dad Australia. I hear that you can do 5 in 6 years or sub-divide several blocks or vendor finance…[Read more]

As above with lending, I see too many physical barriers. I do see that it can be done- Akin to winning the lotto……..I would like to see some evidence, facts, and a real strategy that will work for Mum and Dad Australia in 2011. Who has the answer? http://www.birchcorp.com.au