Jamie I’m based on the Gold Coast and can stop by and see you or you can come to us. I’m happy to work with you to arrange a suitable time and help anyway I can.

Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
stuartm@readymortgages.com.au
Mob: 0404 056 055

I remember last time the short – medium term fixed rates went up and everyone paicked and fixed.

they (The RBA) then dropped the guts out of them and let it fall to about 4% mind you I’m talking about a few years ago…

Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
stuartm@readymortgages.com.au
Mob: 0404 056 055

Allens Chartered Accountants at Mt. Gravatt are used by an associate of mine who has both a business and I.P’s all in a family trust – which I’m pretty sure is a Hybrid to be exact. Only because his business Partner is a Beneficiary, but is limited by units etc, whilst still being able to ditribute the profits as they see fit…

Check them…[Read more]

I’m with Richard on that. Commercial can be hard depending on the funder. Some don’t like specific types of property etc; Valuers can be conservative too, which never helps when putting a deal together.

Happy to look if you’re in a jam though.

Stuart Milne
Non-Conforming Specialist
READY…[Read more]

If you need to re-fi $1m on a security worth $1.8m that should be a rather simple transaction. With or without an ABN.

And the Approvals can be unconditional in 24hrs (dependant on valuers of course) all going well.

Be happy to discuss it away from the forum if you still need a hand…

Stuart Milne
Non-Conforming Specialist
READY…[Read more]

There is already a program which exists for precisely that reason. It also calculates how saving money and extra payments on loans will affect the term of the loan.

Program is known as misaver aka mortgage interest saver cost is $400.00 with six months monitoring from the company who wrote the program and then lasts the term of your loan. Also…[Read more]

Amanada last time I checked the CBA’s Wealth Package it was on a “relationship balance” of $150,000 or more and the Wealth Package Plus which was the superior by far product was on a “relationship balance of $250k.

.7% discount is great but it’s only off the standard variable rate which in most cases isn’t much better than you can have your…[Read more]

Originally posted by Derek:
Originally posted by Dave L:
Would it be beneficial to borrow the full amount now (interest only payments of $896.00) place it in an offset PPOR account therefore all debt would be tax deductable

Hi Dave,

I like the way you think – however when banks lend for construction purposes they initially approve the loan…[Read more]

I believe GatherumGoss are Melbourne Based and Cata mentioned anotherMelbourne based Accounting Firm a few days back in one of his posts, but alas the name eludes me.

Congratulations, welcome to “the other side”. Many happy returns…

Stuart Milne
Non-Conforming Specialist
READY…[Read more]

You should be able to hire a floor sander from somewhere like coates hire for around $100 – $150/day. (I haven’t hired one for almost 10years now but I wouldn’t expect much more than that.) They also carry Wallpaper steamers, and Air Compressors and Painting equipment. I’m pretty sure they’ll teach you haw to use the stuff before letting you out…[Read more]

Originally posted by Terryw:

Stuart, think you meant appointor rather than settlor. Settlor is the person who gives the initial money to be held on trust (usually $10), appointor is the one (or more) who controls the trustee.

Aah Yes that’s the one. I could never get those two right. Not to worry at least they both end in “OR” !!

And it…[Read more]

This is a question best answered in conjunction with an accountant. In short depending on how oyu structure the initial investment, and subsequently how you then sell it and where the wealth is distributed will decide how it is viewed. You can always pose your question to the ATO and they will process it and come back with a ruling.

Lenders are…[Read more]

That marketing budget looks awfully small to me.

I have a planned development for 18 3br units in a 3storey walk up with planned/budgeted marketing budget of $250,000.

$50,000 doesn’t buy much advertising anymore. Apart from that I couldn’t see anything that made me cringe. Is there a contingency fund? If so how much? Is this forecast prior to…[Read more]

Convince him to transfer the property into a Discretionary Family Trust with him as the Trustee, and not a named beneficiary. Then have the Settlor sack him as the Trustee and install a Corporate Trustee of which you and your partner are the directors, re-finance the property pay him out his share and move along purchasing the next property in…[Read more]

I have a real one I am happy to scan and email you so you can flick through it and try to get an idea of hwo comprehensive they can be if you like? Some are better than others though. I would recommend always use a licenced builder for your report as some of the inspectors aren’t.

If something goes wrong I guess you may have cause to comeback…[Read more]

I know of a lender who will give you 90 days to find your next security property and will foat the loan unsecured for this time, which means you can look for your next property while yours is on the market and when you sell you take your loan with you and never have to pay it out. It’s portability with a huge difference – If you haven’t found…[Read more]

Originally posted by ralf:
Plenty of projects planned & hoped for in the region as listed below.
An extract from the Townsville Bulletin website, April 12
Townsville Building boom
MAJOR projects committed or on the drawing board:

* Stockland’s Waterway Gardens $1bn
* Tabcorp/Consolidated Properties Breakwater Quays $950m
* QNI Yabulu extension…[Read more]

Hi there Didi, I know of a heap of lenders including one major bank who will lend you the money. Don’t believe everything they say. this major finacial intitution lends to discharged bakrupts they just don’t advertise it in the windows. Your defaults are easily explained away, and wouldn’t be too much of an issue to circumvent. It isn’t like you…[Read more]

Redwing – Just because on lender knocked you back doesn’t mean they all will. this is where brokers come in. As Lenders all take into account your ability to service the loan in a different equation and it CAN VARY BY UP TO 25% the services of a broker in obtaining that extra property can be invaluable.

In so saying we can’t always get you…[Read more]

Maybe Dazz did know but he’ll never admit it and I got a great laugh from it…

I’m in a hard place – My parents invest and so do I. My partners parents don’t and never will because it’s risky and they might lose everything. Much like we will apparently. I ignore it. My partner though is the one getting the third degree and always when I’m not…[Read more]