Sorry, got busy…Matt, as per usual, you are on the money…..http://www.birchcrp.com.au

The deposit is more like 30% depending on the bank, they will not allow LMI. i.e. the lending is generally 90% of typical borrowed amounts for both Commercial and Residential without the Lenders Mortgage Insurance. The property purchase is through the use of instalment warrants via a bare trust with corporate trustee's. The SMSF will borrow…[Read more]

crj,How realistic is it for you to buy these stocks? Let us know the company, dates, prices, and I will break through all the BS and show how this is not very realistic for many people. Further I can than show you how this is still not a good option when considering opportunity cost. casanovawa,You have played this out the same as the many,What yo…[Read more]

You do not give enough of the real picture, there are many factors/ variables that have a large influence on your wealth creation that you have not disclosed. go sit down with your local property guru and come back asking a specific question or two. It is very dangerous to ask how to plan your life with limited personal information.http://www.birchcorp.com.au

DWolfe wrote:
Hi all, I also think that Birchcorp, considering you are a financial planner and you are advising people how to invest wisely, you should be advising people to become more educated through legitimate avenues.  No body knows everything and if they think they do you should avoid them like the plague.

I encourage people to further t…[Read more]

Yes it is possible ( but pointless), from the ATO's point of view you are assessed as an individual on your total income less deductions (interest). Your tax will not change (i.e. you have no net gain)…. http://www.birchcorp.com.au

Amsaini is correct, you could have effectively done the same thing with minimum deposit and put the rest in a offset account. Where possible, Never ever place your own funds in an IP or you PPOR for that mattter. The negative cashflow as mentioned above is not a big issue as it will become positive in due course (rent today is not the same as…[Read more]

Good Morning Matt,and Welcome Jamesp33, Matt is entirely correct in stating you will be bombed with many concepts and strategies, 101 ideas will hit you at once, the key is to understand that most strategies will have an element of truth and good value. It is your job to select the concept that is most suitable to your personality. In terms of…[Read more]

People do not pay for this advice, it is free in todays climate….http://www.birchcorp.com.au

If you Ignore the politics (not backing any party). Call me old fashion, what has happened to integrity. So now Gillard is doing back-flips on her parties policies. I will teach my children someone may be good at sport, mathematics or particular areas in your life but integrity is the screw that holds all your traits together -surely honesty and…[Read more]

I cannot help you as I am in sydney, but you are right…. go see someone. No-one is a certainty for a loan in todays climate….. You need to see a broker/ planner before blowing opportunity….. You are not going to get enough personal advice on this site without knowing all your intricate details (that is dangerous in a public forum).RE: Who to…[Read more]

As above……  In todays climate I do not believe you have the margins that you are giving these groups. It is a market for the astute, get financially savy by at least showing an independant third party after your meetings with these groups. I for one am happy  for all my clients to display my thoughts, fees and strategies publicly, I am sure if…[Read more]

I think the real focus has been lost on this post?If you know they are good people, why would you dis-respect them by blatantly saying "I do not trust you". I have a lot of respect for all my tenants and in reverse they look after my property. Allow them some space to love your house (provide them with gifts i.e. A/C for your house), don't give…[Read more]

Like V8ghia mentioned above, but it can also be done with a standard loan with an offset (a little savings).http://www.birchcorp.com.au

There is no accountant in the country that will give you this advice on the terms you are suggesting, you will need a private ruling in regards to the first instance.In regards to the Trust option, you will find some creative accountants that will allow you to do this, that being said it is still not concrete on whether the ATO will allow. What…[Read more]

Make sure you have a good deposit, if property trends south, you will need the extra cash to make up the short-fall as the LVR will be reduced.http://www.birchcorp.com.au

As above, with so many variables –  but for a non conservative lender a ball park number of $210,000http://www.birchcorp.com.au

A few eyebrows is an understatement. An auditor will have you for this, this is clearly not acceptable.Further, you do not necessarily require an income but be actively looking for a tenant etc. The ATO's test is "was the purpose of the borrowing to invest in an income producing asset" Go back to what I stated originally and keep it real, but…[Read more]

The ATO are real people, there do have laws to go by that are often grey…….. You will need to keep the deductions real… They may also classify otherwise typical expenses (not improvements) as part of the cost base due to it be that way when purchased. I would err on the conservative side on this one…..http://www.birchcorp.com.au

Investabit,The tough part about small business without the grand marketing is convincing the public you are worth the dollar spent. For what it is worth, anyone who puts their name on the line, as you have, clearly shows pride in their work. From my point of view you are placing yourself in the public domain and are standing up to compare your q…[Read more]