With different circumstances you would do different things.
My logic is that if your job hourly rate/business earns more then it costs to hire in labor. Then hire in labor as your better off being at work. If you only earn $25 a hour then diy will be more advantageous. It all depends on where you are at your level of investing. Somebody just…[Read more]

Intention is to hold the units. Would the end valuation still be net of gst still? If there is no gst being incurred. Even with gst, they have to use your financials to approximately calculate how much gst you would pay don't they? In this say 10k gst per home. – 60k total.
1.69 mil
– .6  = 1.63 mil
x that by maximum lend of 65% (assuming lower…[Read more]

Perhaps trying to avoid it. Due to a lack  of loan Servicablity, if his current job vs existing debt isn't enough to support a new loan. 

When applying at another bank Re 10 plus years ago. Some banks didn't ask on their loan applications if you were guarantor of any other loans. So you were able to bypass them seeing you had given a guarantee previously. Closed loophole now. 

"Is it still worthwhile setting up a company and trust still?"

That's why you should should seek…[Read more]

A amendment is just a additional annex page that is attached that all parties that signed the original contract sign again. That way you only have to sign one page and not initial another 30 pages.

I think NRAS is like any government schemes. The developers get the first biggest bite of the cherry and if they chose to sell you can bet that the price you pay has a premium for the NRAS allocation.  We are trying to get a number of our new properties being built next year onto nras because of the benefits. That's not to say it is not…[Read more]

@ Qlds007 

Richard have you ever used deeds of assignment on larger commercial property to buy below market price and then have the bank lend on the valuation price.
are these the exceptions to the rule. Or are there other cases? 

I personally don't think polished concrete would look or function that well in a unit. For starters, usually a polished concrete floor (not always, but most of the time) has stones thrown on top and tinting put into when it Is being laid, so that when it gets polished up it. Gives it that sparkly, interesting look.
also it is leveled to finer…[Read more]

1) a deposit bond. Is just the representation of your cash in a bank or equity in a property or shares. Identifying that you have that money available upon settlement. It's basically like a big cheque that the bank write out out on a piece of paper and say this is worth eg 30k. Whilst you keep your actual money in the bank and your cheque doesn't…[Read more]

Qlds007 has access to a product that can provide 100% financing with a secured and unsecured component. 

Lenders are fine lending to 95% even for investment purposes. Such as subdivision, splitting titles. Provided you pay your LMI and that you have enough security at the end of the transaction. 

Unless i completely missed everything and you are in fact renting somewhere different. With 2 investment properties

did you ever live in the property that was 10 mins out from Sydney?

if so you might want to consider the 6 year exemption rule on capital gains tax if you plan to sell in 5 years time. Perhaps selling in 4 years time… (if you moved from there into your current PPOR of 2 years) that way any capital gains made in the last 2 years and next 4 years…[Read more]

Just reading it my first thought is

why do you have a mortgage on the property that you are living in ? and why do you have no mortgage on the investment property ?

I think you should swap your loans around because as catalyst was talking about there is non deductible debt. and dedeuctible debt 

That means that the interest you are paying on…[Read more]

I've done a few simultaneous settlements and odd things like what you are proposing where i thought i would have money received by a certain period of time and ready to apply for the new loans. In the end I don't think its worth putting excess pressure on yourself. Playing devils advocate; what if in the 6 months whilst you are busily saving. What…[Read more]

That is that case in New Zealand, following that,  a lot of their legislation is similar to ours it could very well be the case.

Rental insurance should cover you if you wish to make a claim on a vacating Tennant. Just list the property up for rent as soon as you can and if the guy is leaving he shouldn't mine if you have open inspections on…[Read more]

Just find the property and have the Investor pay you a spotters fee if they are successful in purchasing any property that you introduce them to. Might find though in some states you have to be a registered real estate agent to act like this. (course can be completed in a couple months of external study)

My experiences with financial advisors is that you wouldn't ask them for advice on property related issues or solutions unless they are a property investor with a decent portfolio or have been in the past . Just like I wouldn't ask my accountant or solicitor or conveyancer or my builder on what I should do with property. Unless they are involved…[Read more]

and be wary of the court cases where contamination of  redraw funds have been spent on personal items and investment loan has occurred. You could lose the Whole deductions that you claim, It does happen.

the cheapest product doesn't always have the best features. Sometimes its worth paying 0.001 or 0.002 % more then your budget home loan. Because…[Read more]

My biggest problem is to remain profitable in property developing is that I have to put in non complying development applications in to council and then have to spend thousands more hiring consultants just to prove the council wrong when they should just make it a lot easier and acknowledge that overall in Australia dwelling size and private…[Read more]

Not many people learn to ride a bike on their first go.

Property investing can be similar. Your first deal will never be your best deal, so just accept that. Envisage to make a profit or buy in a good area, try to buy the right property. But when you buy your 10th or 100th property, the knowledge you gained along the way will help you to make…[Read more]