Forum Replies Created
Hi all
Thanks for your replies. Im still no clearer but interestingly i have made some enquiries with quite a few brokers and only one has brought the stamp duty into the equation. The bank also mentioned it.
I will be looking to refinance if the numbers are ok. The NAB is giving me some grief.
They wont do valuations only if i pay for them and they will accept any licenced valuers report provided it is stipulated it is for mortgage purposes.
They wont uncross the properties
They havent got a I/O offset account
They are not giving me a competative interst rate even though i have the investors choice package.But because i do have a break cost due to a fixed rate i have to see the validity to actually do it at this time. It is a timing thing as time goes on the break cost is cheaper.
Then the Stamp duty came into it so thats how it sprung up.
Cheers
alfHi
Thanks all for your input, and great free info there Monopoly.
It seems that free info is becoming scarce when it comes to property research.
23km is not a long way even for Adelaide standards.
If anyone is interested the online Trading Post (Real estate section has some positive cashflow
props). http://www.tradingpost.com.aucheers
alfHi all
Vending machines is something that has crossed my mind also. Reasonable outlay for reasonable return.
Some concerns that immediately came to mind was
Vandalism
cost of insurance (given the risk)
are they alarmed?
Where does one buy the stock is it a bulk arrangement and who organises it yourself or company?
What expenses does one have in total?
Cheers
alfHi
Who are the lenders that take 100% rental into consideration?
Are there any catches in other areas of the agreeements?
Cheers
Hi
Thanks MA could you give me an example on calculating the stamp duty.
say with 2 properties x collat
want to change to stand alone
or is it more advantageous to keep crossed?
cheers
Hi
Well when it comes to the government you might as well drop em and say screw me.
Thats all they seems to know how to do.
cheers
alfHi Sairah
In my experience a sound platform is that the property may have a dual purpose. For example a townhouse in larger groups are being used as serviced apartments re:Quest.
If you dont want to continue with this arrangement then the property can be used a residential tenancy.
Rents are generally lower with management operator companies who run the serviced side of it.
However irrespective of this if the lease says a figure for a certain time then u get paid irrespective if it is used or not.One thing you need to be aware of is that the leases i have seen gives them the option after say 5 years, however you have not got the choice not to proceed. So be sure it says by mutual agreement this has to be very specific.
Hope this helps
regards
AlfHi Monopoly
If the properties are owned in a way to get the negative gearing benefits eg 95% highest earner 5% lowest earner.
When they are sold can one do what you are suggesting the sale proceeds go to the lower money earner for tax purposes.
regards
alfHi
Can you imagine Sylvester Stallone reciting poetry to you…
Chemistry is a funny thing it just happens and voila.
cheers
Hi
Thanks all
regards
alfHi
Thanks for responding what i guess im asking is for example:
standard variable rate..best interest rate
LOC….best interest rate
1year fixed interest only
2year fixed interest only
etc
For eg. NAB two and three your fixed interest only is 6.89%.Just wondring if it gives us a feel for what rates are going to do. Seeing at what rates the institutions are offering.
regards
AlfHi
My advisor recommended a certain bank at one time.
I later found out this was the bank that was giving him the highest fee. $1800 for introducing us to the bank and getting the loan.
There are competent and honest brokers on this forum.
regards
alfHi Mini
Yes i am aware of the NZ opportunities. You invest there and others have also.
I have not too much knowledge of the areas etc even though i did have a look at some areas out of interest. I did fin +CF in tokoroa and a few other areas.
The whole investing over there i find a bit daunting with the different rates and laws etc.
Perhaps you could suggest some tips for novice NZ investor.
Espescially with the due dillegence side of it.
Dealing with issues over there RE: PM etc.
Buying over the net without seeing i find a bit difficult at this time. Even though i have heard all the reasons why its ok. Of course all the reasons why its not.
regards
alfHi all
I have been on this forum for a fair while and have always found it great for knowledge and at times entertainment.
I will continue to peruse and read the forums and try learn some more.
I have contacted some forum members and always found them open and helpful with there own opinions based on ther own experience.
I have heard and read of Steves strategy not being viable at this time it was different market conditions when he did it. Thing is that Steve gave me another way to look at an investment without the negative gearing etc.
Steve and others have given us knowledge of what to look for next time round when the markets allow investments to be more favourable to the buyer.
Wish you all well
alfHi all
Interesting discussion. When you have a PPOR and IPS do you use your PPOR in your calculations for the LVR calculation.
For example
say PPOR 200000…owe 100000
IP 300000…owe.290000
cross collaterised.If they were seperated would one increase the PPOR to reduce the IP to get it to an overall lower LVR?
regards
alfHi all
Great discussion just have to put in my 2 cents worth.
Well i think that everybody should be against terrorism.
Bush took his eye of terrorism and blamed iraq and suddam for everything he could manufacture and sell to the world as in WMD.
Howard pretty much dances to Bushes tune.
Interestingly in parliament Howard said that pulling our boys out as indicated by Latham would have serious consequences? He didnt say for who? did he mean Australia.
At the end of the day is the world a better place without Suddam it doesn’t appear to be. Terrorism is getting worse. This is a sore that is going to fester for a fair while and could trigger WW3.
Why doesnt America get involved in other countries if they want to be consistent other countries have nuclear capabilites etc.
This was about Daddy and the oil.
regards
alfhere here kay
Hi all
Bring the interest rate rises on. See families in misery. Take advantage of these people and move in for the kill. So you can profit at there expenses.
Why? because they made a mistake of perhaps
borrowing too much
not understanding the full impact of interest rate rises
loss of jobs
or any number of reasons.Why not try and find solutions for these people and let keep there home from and out of the clutches of greedy phiranas.
People that like to take advantage of people in misery really grind my gears.
regards
alfHi all
i bought a property tenants in common 95/5 it is quite legitimate and had no problems with the ATO.
If you sell the property then that higher income person would be paying more tax. One way or the other they win.
regards
alfThanks Mel
