Be careful claiming interest with such long delays between purchase and construction.
I personally can't see a downside to the money being in my hands instead of the ATO's. It's either offsetting the interest on my PPOR or being...
$1,100 total would be cheap. $1,100 each would be on the expensive side I reckon.
Coincidentally, I did the e-variation tonight. It's pretty straightforward.
Thanks Terry. Does ATO stipulate or provide advice on what an appropriate rate of interest would be in the example above? Or should George...
What if George borrowed $10k from LOC @ 5% and provided unsecured $10k loan to discretionary trust at commercial rate of 10%. And assuming loan...
Fantastic! Thanks so much for the offer. Will definitely touch base once I get this moving!
I'll look into it. Def happy to consider any option that maximises the outcome. Thanks for the suggestion!
Thanks for your reply Gach2. 1) Yes - everything you say at 1) is about right. The property is worth $350k but I bought it for $215k a while...
Thanks for the suggestion MTR :) I'm not struggling to service debt - if I have an issue with finance I think it will be about skin in the game...
You may be right gach2. I'm more confident of the values on completion than the build costs. Watching the market and speaking to local agents, I...
Thanks Phase 2 - appreciate you responding so quickly! I've spoken to the duty development planner at shoalhaven council, so know that what I'm...
Hi All, After about 10 years of buy and hold, my wife and I are keen to embark on our first development. We currently have 5 IPs and our PPOR....
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