stargazer replied to the topic Strange Sayings in the forum No Subject 19 years, 9 months ago
Hi all
Well i was at a party one night had a few and cracking plenty of jokes and generally carrying on.
A woman came up to me and said ” I can see You’re nuts”…[ohno]
Got me thinking for a few seconds…lol
cheers
SGstargazer replied to the topic FINDING THE CONFIDENCE in the forum Help Needed! 19 years, 9 months ago
Hi
Les K:
May i ask if your properties are in a trust or bought in own names.
Cheers
SGstargazer replied to the topic Negative gearing – investing in the forum No Subject 19 years, 9 months ago
Hi
Excuse my ignorance but how do you invest in the index fund. What sort of returns can one expect med to long term.
How much is a minimum investment.
Would investing in the index fund be a good retirement strategy.
Cheers
Stargazerstargazer replied to the topic equity or not to equity? in the forum Finance 19 years, 9 months ago
Hi Andrew
Yes i would definitely get a second opinion. From what you have indicated you are capitalizing interest. You are not paying (the interest only) on the LOC account.
To my undertanding the rent can go to your PPOR account and sit there till the interest is due in your IP LOC. This reduces the amount of interest on the PPOR for the…[Read more]
stargazer replied to the topic 2004 Achievements and Plans for 2005 in the forum No Subject 19 years, 9 months ago
Hi all
John you still got the FTO and why are you selling it. Was that a bad buy.
cheers
stargazerstargazer replied to the topic Refinancing PPOR in the forum Finance 19 years, 9 months ago
Hi
Thanks for the replies.
So to follow on
the 150000 loan interest would become deductibleand if the 90000 used to buy IPs then this interest would be deductible.
If used to buy PPOR then interest would not be deductible.
So if a person has alot of equity in PPOR and refinances makes PPOR into an IP and buys IPs with money left over and…[Read more]
stargazer replied to the topic “The Investors Club” founded by Kevin Young in the forum Heads Up! 19 years, 10 months ago
Hi all
Byronent have you actually bought through the Investors Club or have you just been able to source there research into areas.
regards
alfstargazer replied to the topic looking for a real estate mentor in the forum No Subject 19 years, 10 months ago
Jack is a network marketer excited about his product and trying to attract people to his product and business opportunity.
cheers
stargazer replied to the topic A spanner in the works in the forum Finance 19 years, 10 months ago
Hi Rob
I would imagine the screening is fairly tight are you able to tell me or direct me to the checklist of what they are after for one to qualify for a loan.
cheers
stargazer replied to the topic Effect of PO loans in the forum Finance 19 years, 10 months ago
Hi all
Derivex is very new and i think people are still cautious of this.
If one goes with derivex what does the fine print say.What if you wnat to refinance
What if you want to increase borrowingsThese are thing people are now comfortable with, dealing with banks etc.
People putting the PPOR and major IPs with an unknown seems risky to…[Read more]
stargazer replied to the topic Impending Interest Rate Rises? in the forum No Subject 19 years, 10 months ago
Hi all
Derivex is very new and i think people are still cautious of this.
If one goes with derivex what does the fine print say.What if you wnat to refinance
What if you want to increase borrowingsThese are thing people are now comfortable with, dealing with banks etc.
People putting the PPOR and major IPs with an unknown seems risky to…[Read more]
stargazer replied to the topic Brokers for who? in the forum Finance 19 years, 10 months ago
Hi all
Like all areas of life there is good and not so good. I am sure a good broker would have to have some value.
Most of the brokers which frequent this forum and perhaps others are in a class of there own. Giving there honest opinion from experience without the self interest tag. I very much much respect that and in no way was taking a…[Read more]
stargazer replied to the topic Brokers for who? in the forum Finance 19 years, 10 months ago
Hi lucifer
Thanks for your reply i was curious on some peoples thoughts.
From looking at a multitude of products and recommending this or that one i can understand that a broker has alot more of a eagles view so to speak.
I would say that if one was looking for fairness it would be that the Broker got paid the same Commission and trailer from…[Read more]
stargazer replied to the topic Finance Structure to Suit your strategy in the forum Finance 19 years, 11 months ago
Hi Again
Excellent responses Rob. Clear Concise and understandable.
Thnakyou again and a Happy New year.
Happy New year to Everyone
cheers
Alfstargazer replied to the topic Finance Structure to Suit your strategy in the forum Finance 19 years, 11 months ago
Hi
Thanks Steve and Rob. I get a little bit lost with this as i have mainly had LOC so lets see if if follow correctly.
Steven
Loan 140000(PPOR)non deductible
100000 (Inv)deductible
100% offset attached to PPOR Does this require two offset accounts as shown by Rob. One attached to PPOR and one to INV.If that is the case i understand as they…[Read more]
stargazer replied to the topic Finance Structure to Suit your strategy in the forum Finance 19 years, 11 months ago
Hi all
Thanks for your responses. After speaking and posting and from replies i have seen i agree with the opinion that if one is going to change there PPOR to IP then the OFFSET ACCOUNT I/O is more appropriate over a LOC.
ROB
It is very easy to split the LOC into the personal portion and the Investment portion
BYRONENT
What i am suggesting is…[Read more]stargazer replied to the topic Finance Structure to Suit your strategy in the forum Finance 19 years, 11 months ago
Hi Rob
I respect your input and you deal with this stuff everyday.
So in your expert opinion what would be the correct structure for the example i opened with in this thread.
Apart from a LOC how else do you keep perosnal money and investment money seperate and ready for furhter investment. If theres a better way as i suggested thats what i am…[Read more]
stargazer replied to the topic Finance Structure to Suit your strategy in the forum Finance 19 years, 11 months ago
Hi Rob
Thats interesting you say that. Alot of investors on this forum have good things to say in regards to LOC. Having them for Deposits etc
I am not quite clear what you are saying Rob but LOC do offer Flexibility don’t they?
cheers
stargazer replied to the topic How do you recognise a Dog in the forum No Subject 19 years, 11 months ago
Hi all
Yes it appears there are many thoughts on this. However i would have thought as a risk management tool a LOC dedicated to investment wouldact as a buffer to any shortfall due to vacancies etc.
This interest would be tax deductible as the reason for use is towards an income producing asset.
cheers
alfstargazer replied to the topic How do you recognise a Dog in the forum General Property 19 years, 11 months ago
Lucifer
Yes that is correct all properties one should use the 40 week calc.
Rob
This guy was the wrong accountant for me. He genuinely was conservative and his calcs were always conservative. Even for a straight tax return he would not stretch anything. I think i changed also so he didn’t suit my needs. At the time though there were not Forums…[Read more]- Load More