Forum Replies Created
SMTM,
That is right. Less than 50k per annum does not REQUIRE an ABN.
Regarding this, I have a client who earns in excess of 150k per annum without an ABN and lodges his returns without problem. He explained it when asked by saying if the proceeds are all from capital gains and the income is in your personal name, you do not need one. I still think he is doing something dodgy here. I would love to know if this is true but have not yet checked with the ATO.
Robert Bou-Hamdan
Mortgage Adviser
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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdYou make sure you do not have an insurance policy that excludes such disasters. The Government is not obliged to help although they most likely will.
In any case, whether ‘God’ exists or not is always debateable and you could probably get compensated unless the specific disaster is excluded in the policy.
Robert Bou-Hamdan
Mortgage Adviser
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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdOk. It looks like it is all fixed. Please let me know if there are any other problems!
http://www.mortgagepackaging.com.au/index_files/tools_calculators.htm
Robert Bou-Hamdan
Mortgage Adviser
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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdAs far as I know, you should be able to get the info from the Local Council.
Robert Bou-Hamdan
Mortgage Adviser
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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdSMTM,
Where is Minister Kobelke and DOCEP when you actually need them?
That property manager should be shot!
Robert Bou-Hamdan
Mortgage Adviser
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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdI suggest you give arbitrage trading A MISS if you don’t have income!
Robert Bou-Hamdan
Mortgage Adviser
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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdIt may have something to do with the sale price being hiked up to the wrappee. I guess the lenders and valuers think this affects the current market price somehow. I am not an experienced wrapper and I am just thinking out loud!
Like I keep saying, don’t mention the wrap prior to settlement!!!
Robert Bou-Hamdan
Mortgage Adviser
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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdFixed rates are a little different.
Robert Bou-Hamdan
Mortgage Adviser
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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdDel,
Being “eligible” does not mean you have to take it. I just meant that you could buy a heap of investment properties and then buy one to live in and still be able to get the FHOG for THAT purchase.
Robert Bou-Hamdan
Mortgage Adviser
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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdOriginally posted by FW:I had more than 15 lo doc lenders knock the deal back (or only offer to lend 80% LVR of 80% of the purchase price) because of vendor finance.
Felicity,
I like to read all posts and try to post a response in context. I was just going by YOUR words.
Robert Bou-Hamdan
Mortgage Adviser
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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdYou need to be earning more than 50k per annum amongst other requirements.
Robert Bou-Hamdan
Mortgage Adviser
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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdPositive, it is clear that you lurk waiting to pounce on my posts. It seems you are not having much luck.
Regarding stop loss, there is no guarantee with anything. But I would bet on it that setting a stop loss “AT MARKET” when it reaches a trigger will almost certainly guarantee an immediate sale before it hits the bottom of any spike.
Regarding your graphs, you stick to those. Not all share investors waste their time with graphs. I prefer to look at the figures and market conditions. Covered calls and covered puts are used in opposing markets. Money can always be made if the investor is patient and knows what they are doing. Just because it is not your selected strategy and your graphs are preaching doom and gloom – or whatever, does not mean they are useless.
I guess this thread will go to the kids now as well.
Robert Bou-Hamdan
Mortgage Adviser
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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdOriginally posted by MichaelGruber:Robert,
Now you will need to list the criteria of what defines an “average everyday mum and dad investor”.
Regards
Michael GruberPlease buy a dictionary. I have better things to do. It is obvious what I mean!
Also, it seems you are taking something personally. I am not interested in getting into a personal debate with someone I know nothing about.
Robert Bou-Hamdan
Mortgage Adviser
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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdI am not implying anything about you Michael. I don’t even know who you are.
A “spruiker” is someone who promotes things like investment seminars etc. They would not be considered impartial for a role like the president of the VFA because their interest is financial – ie: to profit from their seminars by more people accepting ‘wraps’. Are you a “spruiker”?
Robert Bou-Hamdan
Mortgage Adviser
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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdYou can buy as many properties as you like. As long as you don’t LIVE in it, then you are still eligible for the FHOG.
Go to http://www.mortgagepackaging.com.au/index_files/first_home_owners.htm and then click on your State to read more about the benefits in that State.
The most important words about this are:
“All applicants and/or their spouse/de facto have not owned on or after 1 July 2000 a residential property and occupied that property jointly, separately or with some other person in any State or Territory of Australia”
It is a different story if you bought BEFORE 1 July 2000 though.
Just remember, capital gains and or rental returns are not certainties. It will all come down to what you need but I suggest the positive cashflow properties first because it will help you make the repayments on your owner occupied home because you will have to live in it for 6 months to be eligible for the grant. That is at least 6 months without any rental income. Also, positive cashflow will help you reduce your current renting expense.
Robert Bou-Hamdan
Mortgage Adviser
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 LtdOriginally posted by WaySolid:I like the site and don’t mind Steve making a buck out of it/or covering costs. I won’t be having my words borrowed for this end though.
WOW!
It is impressive that you don’t mind Steve making a buck. I am wondering – would you be here if you were not learning or benefiting somehow and “making a buck” yourself out of it?
The point you are missing is that only someone naive <edited> would think that you are endorsing a product because a computer program has picked up a catchword in one of your posts and underlined it.
Why make an issue out of NOTHING?
Robert Bou-Hamdan
Mortgage Adviser
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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdFlip a coin!
One you will make money on and one you won’t. A more expensive property does not make it a good investment. You can always get the FHOG later anyway. The choice is clear to me!
Robert Bou-Hamdan
Mortgage Adviser
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 LtdNO
Robert Bou-Hamdan
Mortgage Adviser
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 LtdMy mistake.
I am not a member so I was just throwing an idea into the pot as no-one else seems to be coming up with any ideas.
Robert Bou-Hamdan
Mortgage Adviser
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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdIt all depends how much the other properties rent for and their returns whether it will be 7 or 8 to cover or more or less.
Insurance covers you for a period of vacancy. From memory, this was up to 6 months in specific cicumstances.
Robert Bou-Hamdan
Mortgage Adviser
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
