You have just entered the financial maze of life, assuming you are young, the choices get even more interesting as you make more money….Go to your local propertry guru, you need a complete 3-4 hour options session……Check out some ideas that you may have to consider…..The following gives you an idea of the complexities of financial…[Read more]

STG have the old system that does not calculate your interest daily, rather it is a static figure that is calculated at the beggining of the year. This is not good if you have a large amount of money in an offset account.http://www.birchcorp.com.au

You are allowed to do the schedule yourself, be fair and honest……… No problems here.http://www.birchcorp.com.au 

Why don't you see a local broker so you can compare all the financial institutions? You may find / hear something you really like? You asking this question today, suggests you are keen to source the best product. http://www.birchcorp.com.au

Yes, you can do this but will require a ruling from the ATO. Your reasoning behind the change of name would have to be good, such as an in-house argument b/w you and wife on whether you keep the property of not. I had a similar situation for myself, three years ago. When I looked at all the pros and cons it stacked in favour of selling the PPOR to…[Read more]

Absolutely No need to use a LOC unless you have multiple properties and want to capitalise interest and adjust credit limits.A regular loan with an offset account will do exactly the same for the vast majority. http://www.birchcorp.com.au

The way I explain arrangements like this. The ATO are real people, if it looks and sounds like a scheme to reduce tax they will penalise you. You can play hard, but play fair. They will look at if you were in the country, took a job, joined the gym… I think you can see how they can establish what is real and what is not. I will say no to the o…[Read more]

In my view, the valuation can be completed now and would satisfy the ATO requirements of an accurate assessment, i.e. Carpet will not depreciate over the next two months (effectively one by the time you get the formal documents from the quantity surveyor).http://www.birchcorp.com.au

I went to an auction 1 month ago, I will not bid….. I cannot ensure all my finances are in order (takes two big weeks) only to go to auction to be out-bid by $1000 or like. I agree with above, in that many people will not participate at auction, yet have the cash. This is how my story played out. After the auction was passed in I approached t…[Read more]

GOM,I do not know all your personal details(age etc), but, I still see super as a lost opportunity. while money disappears into the super hole, it cannot be used until retirement. If you have excess cash, then spend it on appreciating assets, this will effectively do the same as putting it into super. A negative geared property appreciates at a…[Read more]

Thank you again, and it looks like you have a nice little strategy for the astute investor. All the best with this…..http://www.birchcorp.com.au

Thank you all for the contribution, I am very grateful for your time in putting this extended response together.Re: The Wrapee: Is the Stamp duty concession for First home owners still available? and if you are not a first home owner does this mean you have to come up with the deposit, as well as stamp duty, or is this bundled within t…[Read more]

Yes, you are so right. Pass all these beachfronts to me. I will do the awful job of living by the sea. I am willing to sacrifice for the entire forum.http://www.birchcorp.com.au

Thank you,A couple more questions if that is okay,1. How much are the vendors repayments above the interest rate applied to your money borrowed (is it more than a P&I repayment). i.e. what sort of margin is the monthly cash flow based on?2. Who pays the stamp duty? 3. Do you charge LMI (and what is the banks view of this arrangement). Or is this…[Read more]

The end of 2003 was close to the end of the property upturn. Do not be discouraged about the 30%. That is typical contrary to what you read. Talk to us in 20 years, but you do not want to be telling us you once owned a property on the water that is now "X" dollars (three times the price of today). Seven years is not what I would call the long te…[Read more]

Salary sacrificing, although giving you greater after tax dollars is a mis-conception to gaining wealth for a majority. Young people and anyone with time (at least one property cycle) should not decrease cash-flow by locking salary sacrificed cash in a restricted environment. When you roll through the numbers on a scenario of leveraging dollars…[Read more]

Paul,What are the finer details of vendor financing, is there any chance in you running through an example if I purchased a $400k property tomorrow?i.e. What does it cost to draw up the contract? How much do people pay? What deposit is usually required? what sort of time frame are we setting up for the deal? Any other tricks people can use? It…[Read more]

Hi Terry,Life, TPD and Income Protection can all can be paid from your super. Trauma sometimes called critical illness is the only one that must be paid out of pocket. Like you mentioned above, it can be very important and costly, This is where super monies kick in, particularly for those who are just making ends meet or require there own w…[Read more]

I am relatively experienced and have been in the game for many years, and my next property has been in progress for six months to date (no luck as yet). Some are only several months…….. When you have done the research, due diligence, you will know when you have seen enough and the right property. There is no magical number. Further, no leg…[Read more]

This what I do not understand anymore. If they were a real business, their best interests, are your best interests. What happened to good ethics and morals. In that event, they would be trying to save you dollars not throwing the book at you. I appreciate they are in business to make money, but to show some common decency will not hurt the b…[Read more]