Hi C2

when you say refinance and put 50000 in to make + cashflow. You still need to service the 50000 you are using dont you?

Am i missing something here?

regards
alf

Hi all

I read recently that townhouses in SA do not attract stamp duty. Only the land component does.

Its a loophole some developers have been using. However apartments do attract stamp duty.

regards
alf

Hi Bill

Yeah i was really annoyed he is my persoanl banker dont really want to get him offside. I just went in with a LOC increase application so i had to smile…lol

When something comes up with another lender then i’ll have something to say. You know every dog has his day.

regards
alf

Hi Terry

Thats what i was thinking he through it in as we were talking.

This guy comes up with clauses all the time pulls then out of his u know what i reckon.

I told him i was peaved that they were going to charge me for the 360 for each loan as mine are split in three ways. He just laughed and said “well the bank may introduce additonal…[Read more]

Hi all

Yes i am in a similar boat with fixed rates a few months ago break costs 3500 now 1100. But hey listen to this for greed. The bank said they now would charge me 360 as an additional fee which they are entitled to do according to them under some clause for each loan.

Then they said plus your stamp duty of 1100 so get a very clear…[Read more]

Hi all

I read this somewhere and it has helped me at times.

“I thought i had the blues because i had no shoes until i met a man that had no feet”

alf

Hi

Thought Bill was riding a pushbike?

cheers
alf

Hi

Maybe Westan means refinance to 180000 and leave it as is so you still pay the interest on the 1000000 as you haven’t used the extra 80000 as yet.

I think this sounds like a LOC.

Went a bit blank for a while but i think thats correct Westan?

Tnanks for the input Bill not familiar with the offset arrangements. I the words of a famous…[Read more]

Hi Westan

I still don’t follow what types of accounts is it LOC for example.

Is this the same account or create a different account for the refinancing?

For example if you pay the 80000 in then interest would have to be charged on the 80000?
because its being used.

I am a bit confused on this one.

regards
alf (thick as a brick)lol

Hi Bill

You can count me in for $100 no problem.

regards
alf

Hi Bill

Well Bill another feather in your cap reckon you should start your own forum.

How to invest without contemplating suicide when things go bad.

invest safe and smart the Bill O’mara way.

have fun
alf

Hi Westan

How do you mean refinance and put the money back into the loan and pay no interest. Can you give an example.

regards
alf

Hi all

well i possibly am thinking that one could make a case to opt for renting for a while. Rent their own PPOR and then if they want within 6 years move back in still CGT exempt.

Doing the numbers would be interesting.

regards
alf

Hi Bill

Thats exactly the point when a salesperson tries to sell people feel pressured etc.

But a master salesperson is polished he is genuine. He/she is not overly concerned with the sale but to accomodate or as you say find a solution for the respective clients or friends whatever.

So when dealing with a master salesperson one never feels…[Read more]

Hi all

how about putting some effort in. I cant believe with all the FREE help Bill has given and the amount of E mails he would’ve received and phone calls only 10 took time to respond and acknowledge his efforts.

Lets do better than that recognition is important for ones efforts. Dont take anything for granted and appreciate this experience…[Read more]

Hi Bill

Great stuff seems like a science. How to be a master salesperson without knowing you are being sold.

cheers
alf

Hi Bill

Well its just a thought at this stage.

But looking at it the PPOR becomes and IP.

The interest on the loan becaomes tax deductable

With a good quantity surveyor should be some depreciation there house only 2 years old

The house would be positively geared

If still have other IP would then help with the negative on that one.

My…[Read more]

Congrats Leigh

Enjo enjo enjo a moderating we will go

cheers
alf

Hi

When do these new rates come into force.

regards
alf

Hi Bill

you can send me that info much appreciated

regards
alf