Recent content by waz11

Just to answer a few questions guys. - There is no AU tax as im no treated as an AU resident as im out of the country more than 6 months of the year, as well as a number of other criteria that i meet. The Hong Kong company has no clients in Hong Kong and an even distribution of clients from...

hey guys, Looking for a little advice around potential borrowing capacity please. Details: income: $360k + per annum employment status: Director of our own business that is a Hong Kong based company so no AU tax returns at present. dependents: wife + 2 kids credit card: $20k limit, $0...

Apartment Hi, My wife and I were actually in Frankston over the weekend to buy property and were told by multiple agents \ people to avoid this specific property being discussed. We were told that the building was in a terrible state prior to this small reno. Apparently the locals avoid...

Hi, I am trying to find out whether anyone knows if Mortgage insurance companies will give mortgage insurance to a company set up under a corporate trustee structure? I am looking to purchase a property under the above structure but need to get above an 80% LVR. Has anyone had...

Otp Thanks for the info guys. There does seem to be a tonne of extra considerations that need to be taken in to account when looking at an OTP development. One of the possibly good things though does seem to be the timing of it. If I look at purchasing towards the end of the year, in...

Hi all, I was just thinking recently about the state of the property market in many parts of Australia. In a lot of areas there has been little movement in values and in some areas values have been going down a little. An idea I was thinking about was possibly going and getting into some...

Pm Reach - I have PM'd you. Cheers, Waz11

stamp duty. Duncan, So basically I will only have to pay duty on the 2 * 0.5% of the ownership? That seems alright to me :) Waz11

Hi all, I just wanted to get some ideas regarding my situation. One of our investment properties has four names on the title - set up as 'tennants in common'. 2 of the names own 0.5% of the property each - and the other 2 own 49.5% each. It's time to refinance the property and we are...

Thanks for that.. waz11

Hi, I was hoping to get a few questions answered in regarding to taking out Options on property. Are there stages of the property cycle that this would work best in? What was it that made the purchase of the option successful? Can anyone please provide a working example for me with...

Cheers Pete. Waz11

Pete, They know what they want to achieve - they know what they have available - and what they are looking for is ways to make it happen - hence the purpose of this thread. They are after some strategies - whether they can grasp the concepts at first or not - they just want to possibly no...

WillG, maybe I should clarify a little - they have a PPOR value = approx $950 000, loan of approx $190 000. & 1 IP value = $340 000, loan of approx $300 000. They dont mind borrowing against the PPOR to invest. Cheers, Waz11

NigelW, Is it possible to get a LOC against the equity when on paper they dont have the capacity to repay the interest. The only way they could repay is if the money goes into something that returns positive cashflow from day one - enough to cover the interest on the LOC, Waz11