Hi Kay,

I have a I/O loan on all my IP’s. This has in part enabled me to reduce outgoings to service each of the loans.

The difference between I/O and P/I for my IP’s are
approx. $225 & $240 per month. Of course these loans are relatively new so the differential won’t be great.

Paid out I/O loan??
Do you mean the time period that I/O loans…[Read more]

Tridean34,

Maybe the postcode has some restrictions with regards to the % loan you can get.

Maybe $160k is overpriced??

James

If you are negative gearing, then you will stop negative gearing when you move in. No implications, unless you have a tax variation in place based on a rental for greater than 6 months in the same financila year.

With regards to CGT, when (and if you sell), you will pay CGT (50% if after 12 months) on a prorata basis. For example if you live…[Read more]

Depending if it is new or near new, you would be looking at between $350-$400 per week.

All the land packages being sold there for approx 500-600sqm are renting up to $400pw.

James

Forget the name of the building. I heard it on the radio very briefly the other day…..I’ve got someone who has had some dealings there and he has alluded to the same thing…Give me some time to get the correct details.

James

Not saying that it wouldn’t be premature… Given the reports of some properties currently ready to be settled at a valuation $100-200k below original contract price, I would assume there would be some impact and flow-on effect on the existing properties in Docklands. You probably would argue that in a rising market, your property is worth more…[Read more]

Its something that Hans Jakobi uses I believe….Ready to preach!!

James

Dreamergirl,
I would look at 5 year interest rates today and add 1-2%.

James

I am almost positive she was from Olympic Airlines….positive..[].

For anyone who has flown with them, they will know why…

James

Marlin,

Just to clarify, are you talking about buying a share in company x to purchase property y versus you buying purchasing y individually?

James

Still don’t understand the issue here. People purchased OTP, with full information, since then, the market has gone down. Unfortunately they have lost out (if they sell or cannot afford to settle).

Have I missed something here? Sounds more like a political issue (notwithstanding the VCAT ruling the other day)

James

RussH,
Welcome to the forum.

LVR – Loan to Value Ratio

(Loans Amount/Asset valuation)

James

Spi, if you can do it financially, don’t be afraid to do it by yourself. Why are you asking for another in this process?

James

Is current lease payment reflective of market rates?
The real estate agents should give you an idea. Do your own research.

Is there any work required on the building?

Is it a separate building or strata titled offices?

Condition of building? Services connected to building ie internet, facilities, lifts…Location of building,…[Read more]

The terrorist threat (Madrid) and the potential effects of Europe now being involved will also have a dampening effect.

Realise that the issue of terrorism is much more significant or its implications more serious than their effect on interest rates….(it is no silver lining…)

James

Dono,

An individual can have a business name, although the legal entity is still, you, as an individual ie personal income tax`rates

A company can have a business name, the legal entity is the company, and is taxed accordingly. 30% corprate tax rate

Ultimately, it is the type of legal entity that dictates the tax treatment.

Trusts are probably…[Read more]

Gringer,

Then I can spend as many pre-tax dollars as I like and write them off as company expenses, then pay tax on what is left. Is this correct?

Depending on what those expenses were and if they were allowable under current tax law, yes.

If this is possible, how is it that you can access the funds, for example, to pay yourself a wage? Does…[Read more]

Delboy,
No expert but hopefully I can answer some of your questions.

The bank lends the money to the trust, but will ask you (if the trustee is a company, then the directors) to guarantee.

Sometimes, banks will only put the name of the trustee on loan documents or bank accounts

Any income goes back into the trust. If you don’t distribute the…[Read more]

Hi Benedict, that is a great question. Who is Henry Kaye? Some say the devil, others a flawed genius. As SIS mentioned do a search on Henry Kaye, but in google as well, it will give you some great history.

He was an immigrant from Belarus, Jewish I believe. Quite charismatic, very driven. He is in his mid-30’s.

I would really like to…[Read more]

Kotzeight,

I have recently gone through the same analysis and from my understanding, the main disadvantages I think are;

1. As mentioned by Terry, no access to capital gains tax 50% discount.
2. Directors can be liable for the debts of the company
3. If shareholders are sued, then there maybe a risk to the assets of the Company

However, if they…[Read more]