Forum Replies Created
Brahms,
I think I can answer that. Taxation benefits (dependent on income) and asset protection. I will never buy a property in my name again as long as I live.
People will argue all day that a trust is better than a company structure and vice versa. I have come up with the answer – USE BOTH!
I listened to Steve and Mark Unwin and have decided that the company and trust structure is the most appropriate one for my needs.
Bluemackart, each structure is different to each investor. It will all depend on what your individual needs are.
Talk to any Accountant about what you NEED!
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdAre you ugly Pat???
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdIt is definately a buyer’s market!
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdThere is nothing great about it except that it is the only term on offer. Better one year than nothing!
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd7 years is the comparison rate thing. It is more confusing to most.
Felicity, is Lewis O’Brien your solicitor?
Are they in NSW?
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdI wish you all the best. You “sound” like you are doing well.
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdDAMN FELICITY!!!
You certainly have become a pro at this from what I remember. GOOD ON YOU!
Steve, I should probably clarify that when I talk about dodgy wraps etc, I am not referring to the professionals who make it a business and do it efficiently, fairly and compliantly.
I admire those who do this as I think wraps are great if done properly but I still see so many illegally operating shonks out there.
About this issue of defaulting and being entitled to equity upon sale of the property, what happens if three wrappers default and the property is not sold for 23.6 years? Does this imply that there will be three caveats on the property claiming their share?
What happens if the last wrapper defaults and the vendor decides to keep it? How do they get their equity then? These equity clauses tend to all related to sale of the property. The vendor can still borrow against the equity and get into trouble. How would the equity be repaid then if the lender takes the security?
I think there are too many variables to address and I would love to see someone doing this.
Steve, I have not bought a wrap pack only because I am informed that it relates predominantly to VIC and I cannot find a decent solicitor who know their stuff.
Maybe if I suck up to a professional NSW wrapper, they may help me out.
<wink, wink>
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdKiwi,
Are you angry because you guys keep losing in the footy?
Mate is just a colloquial term used in a relaxed environment which I am certainly in. I wish you could join me.
If you can’t see my words for what they are, then it is you who has the problem – “MATE!”. I just asked a simple and very similar question to one I was asked myself a week ago.
I often find that people who react aggressively when questioned tend to be lying about something. I am just trying to determine if this applies to you. I am not trying to belittle you or strip anyone of their dignity. I just find a lot of what you say as rather confusing and wanted to know if you actually knew what you were talking about.
CHILL OUT MATE, DUDE, KIWI OR WHATEVER YOU WANT ME TO CALL YOU!
Forget I asked and I will never question your knowledge again.
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdIn Australia, property managers do not sell real estsate. By the way, I am a mortgage adviser – not a real estate agent.
Back to the question – why would they call you if it means losing their commission?
Also, what is the 1.5% you mentioned about anyway?
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdEveleigh Street!!!
Just kidding…
fjficm, just touching on what you said, standing up for ourselves is our right and I often chose to exercise it. Don’t get me wrong, walking away is always better. The story was about an area, not a risk though. I have never been approached in Coogee and asked to leave and there are quite a few gangs hanging around the area these days. One guy got stabbed and died last year outside McDonalds.
There are problems everywhere! They just seem to be more concentrated in Redfern and Glebe. Take out Eveleigh Street and things will get better quickly. Eveleigh Street is the portal between the two areas.
Regarding helping someone in trouble, instead of just calling the police for them, how about yelling out somethng like the police are coming so the criminal might stop hurting the person instead of letting them get beaten until the police show up 2 hours later? Just an idea.
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdI just can’t see how many of the vendor finance agreements going around comply with the above!!!
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdI did not know that Steve. So how do you get around the comparison rate requirements and clearly presented loan offer documents etc?
It seems there is a lot of ambiguity in a lot of the vendor finance contracts.
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdI am nitpicking???????
hahaha
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdThere are different levels of education Richmond. Poverty is also a large factor. Desperation is a vendors dream. Allowances need to be made.
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdWhy worry about the past. The future is very different. People are forgetting the internet and the economy becoming a global one.
You can buy viagra from the USA, a phone from China, sarongs from Indonesia and shares from anywhere.
The interent enables people to move quickly in the event of adverse moves in their investments (excluding property). If Australia has a stock-market issue, funds can be moved in seconds to the USA or wherever. I cannot see another Depression, let alone Rescession happening any time soon. In the past only a small group had access to information and now it is everywhere.
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdYou need to meet the ‘Battle-Axe’ block experts. They are in the Mappers group. Send out a call for ‘Battle-Axe’ Experts.
In case you are wondering, what you want to do to the block is known as a ‘Battle-Axe’ Block.
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdUsually, rents go down when property prices drop so a lot is relative.
If Today Tonight’s comments did not make sense, don’t sweat it. You need to talk jibberish to understand their propaganda most of the time.
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdI take that answer to mean none. Thanks mate.
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdYou can’t do that. It is not how the money is secured that makes it deductible, it is the purpose of the funds. In your example, the purpose is to pay down your owner occupied home and therefore it is not deductible.
If you had the investment property in different names though, you could do some amazing things with loans, etc.
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdInvesting is a business!
Same thing Richmond.
Robert Bou-Hamdan
Mortgage Adviser0414 347 771
[email protected]
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd
