nilson4 wrote:

Qlds007 wrote:
I am with Alistair they maybe wonderful but anyone who charges upfront for a residential  mortgage brokering service linked to debt reduction is taking advantage of you.I tell you what for half that amount I would do it through in a Financial Plan and provide you with a free email monitoring service for the first…[Read more]

ummester wrote:
The best defense against a financial depression is gainful employment.

THAT I agree with. But I dont think we can easily go back to that without an enormous change. I don't think that change will be nice. 

ummester wrote:
As for ANZ… what does that word 'May' mean to you? Besides, I am 75% certain that NAB and ANZ won't survive the brewing depression. Safe loans are going to be with Commonwealth or Westpac and, no, i don't work for either. Don't even like them, let alone have a vested interest. It's just that they have more local investments…[Read more]

Hi aussie, email some pics and the rental details.Cheers

Hi units4me,I have my eye on 2 in Moe, and 1 in Dimboola.Any thoughts on Dimboola, seems to have lots of high yeildsCheers

I like ITgot one for Dimboola or Ouyen?

Hi Richard,I'm sure youve stated this before, but whats the cost in setting up a discrentionary trust?Cheers

thanks for your response gibbo1.I was looking buying a couple of cash flow + IPs for my wife, I'd give her the deposit etc. I just don't want to be on the title.Maybe I should look at a trust.

thanks Richard,Cheers

Bluegum wrote:
I have a 40k LOC that funds the shortfall on my negative geared IP's that is just about maxed out and i've arranged a top up of a further 40k. Even though the interest is tax deductable the LOC is still a debt. Would it be wise to start paying down the initial 40k?God has stopped making land but hasn't stopped making…[Read more]

v8ghia wrote:
Good question. 10+ years is a long time, and true, at best what rates will be like then is only an educated guess. Fixed interest loans work a little bit differently, but even so, many lenders will not offer one for more than 5 years.One rough guide used to be to compare the rates for 2,3 and 5 year fixed rate loans, which gave a…[Read more]

devo76 wrote:

GlobalMark wrote:
1) 1996 Holden Barina2) 1985 Mitsubishi Cordia Turbo3) 1976 MG Sports CarCars Depreciate & Houses Appreciate so I have never bought a new car or anything over $20,000.

Bought my car for $40,000 two years ago. Now worth over $125,000 tax free.HO phase three fords were under $100,000 grand a few years ago. Now…[Read more]

Actually I should add I have 3 other IPs… I imagaine I could sell ALL of them into a trust and pay out the PPOR??WoW I never though of that?!

Qlds007 wrote:
MarkYes it would involve duty at the normal rate charged however the SD is then added to the cost base for any future sale and the entire debt becomes Tax deductible.At the moment i probably do a deal a week for clients in the same position. Usually they have paid off their PPOR and then decide they wish to buy a bigger home yet…[Read more]

Thanks for the responses.chatting with my accountant today Cheers

I would love to set up a trustI went through the build your own family trust process on http://www.lawcentral.com.au ($275.00), assuming I set one up, how do I actually use it?Assume I sell my current PPOR to the trust which would be a CF+ property, am I now able to claim the interest against it (The debt against this property has been used to butya new…[Read more]

RobL wrote:
Have had a lotta dealins with ATO folk in various lives over the years … and ya know somethin? …. these folk are human They will beat ya ta death with the great tomes of legislation … particularly the tax avoidance bit .. if ya do the wrong thing (and so they should )But I have to say .. if you are up front with them … they…[Read more]

Hi,I've been using a variation (ITWV) for a few years now.If your variation is (I think) 10% over what you stated as your NET income then yes the ATO will most likely kill any ITWV in place at the time of lodgement or disallow the next application.If you are going to be over, RING THEM and pay extra into your tax account (or see a financial…[Read more]

Hi,I've just been through a similar process.We own our PPOR outright, and are buying another PPOR. We are taking a deposit from our current home until we move. We had planned to rent our original PPOR but of course the interest is not deductible, so its just simpler to sell, move house and use the proceeds to grab another couple of IPs

Yep, one day it will climb (one can hope that Detroit will become center of the world for carbon credits [biggrin])

Prices can be so unbelievably low that it would seem ludicrous to buy.

I remember the days when the land beside the rural airport at Phillip Is. VIC was 5k a block and unsellable only 10 years ago.

NOW…