Thanks Terry. Devils advocate - How will the ATO know how much was in redraw last week compared to next week?
Hi All, I have a query about a property that has had a change of circumstances, and just wanted to get some tax advice. Property was purchased as...
Hi Terry. A little bit further explained: - $350k will come from her, she will need to refinance the PPOR to pay me this. It will also be...
Hi all, I have a few questions regarding loan and finance options to retain a number of properties after separation. We have 1 PPOR and 3 IPs....
PAYG job unchanged side job (sole trader) has lost all income. Disappointing that the government didn't consider people in this position - In...
Hi all, I am seeking some advice in regards to marginal lending. I am hoping to borrow 60-80% LVR (if that is the correct term) to invest in...
I had been worried by the silence I had heard from PMs until today. Received very similar emails about the process that the PM would go through...
I believe it is sole trader. Never paid myself a wage, I just provide a service and keep what is left over after materials.
Great info @Mike A and @Paul@PFI I have a scenario, which I am guessing is common, however I am not sure whether I am eligible. I have a...
I think that is the only way, and it would need to be case by case (landlord may have no buffer)
I assume they had an offer for $920k and rejected it.
I have noticed recently a number of properties I have been watching (South East Melbourne) have sold significantly over the advertised range. Has...
I'm waiting for the baby boomers to die and inter generational wealth to increase, meaning that a lot of people will be able to spend more. We...
In November 2017 I sold a Melbourne IP for almost exactly double what I paid for it in 2009. At the time I felt I was pulling the trigger 6...
Often there will be a clause in the planning permit that says no further subdivision of lots. Secondly, the servicing requirements (particularly...
I was also at the one that got passed in for $897k @ 8 Cootamundra. Got sold by negotiation for $930k later that day. 3 hours of negotiation...
I'm guessing to get the listing in the first place, the agent door knocked and sold them a lie.
I make similar inquiries on a weekly basis with agents selling greenfield sites in Melbourne. And I find the agents are useless and have no idea....
Thanks Peter, this advice is much appreciated. Is there a way around this, ie through a different structure? My potential thoughts are: Party 2...
Thanks Peter, Are lenders going to look at me (or any party wishing to purchase in the future) as a 20% debt of $580k or as a debt of the full...
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