Recent content by fabi_90

Hi Jon, Many thanks for your answer. I decided to make 1 step at the time and will refinance my existing loan once I settle on the new property. Just for my peace of mind. It won't be any difference. Then, I can refinance the other one. I was explained that there is no problem if it is not...

Hi there, I just bought an investment property B. Settlement will be in approx 40 days. My intention is to renovate this property and subdivide the land into 2. Then sell the renovated property. I also have an existing investment property A, that because of personal issues I couldn't...

Hi, Am I still able to offset the 100% of the interest if I redraw funds I have in loan property "A" to pay expenses related to property "B", including council rates, water, insurance and interest on the loan? Both properties IP and are under my name, therefore everything goes to the same...

Hi Terry, The purpose of transferring the property and holding the development under the trust is to protect what I have in my personal name in the event something happens during the development. I do not have any creditor looking after me. The new trust is still weak? Or, what you...

Many thanks for your answers. Yes, I am an architect, but not an accountant. And as I said, this is the first development I am doing for myself, but I do work as an architect for a firm and at the same time I have independent projects using my ABN number Yes, I am considering in...

Hi all, 4 years ago I bought a large site with an existing house, with the idea to develop the rear and add 2 units. I renovated the front house and prepared the survey of the land, reestablishment of the boundaries and had a pre application meeting with council. I bought this property...

Hi all, I have a large site in Frankston with an existing renovated house. I can keep it and build 2 single storey THs /villas, 3 bedrooms each, to the rear. I am clear about selling price, town planning price, legals, etc. Not so much construction cost, including concrete driveway...

Hi all, Could you please let me know interest rate for commercial properties? I know that interest rate is higher than residential, but in order to assess a potential properties, I need to have a number to start with. Could you please let me know? In addition, I also know that LVR is...

Hi, How long does it takes to refinance an existing loan with the same bank? I am full doc, full time employed, single with no dependents. Thanks