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  1. mjinwa

    Death & Mortgages

    Hi all, I am doing some contingency planning on my portfolio before I purchase some more properties. Part of this contingency planning is developing a strategy if either my wife or I should die. What I am interested to know is what would the banks do if were to die suddenly and unexpectedly...
  2. mjinwa

    Need broker with experience in SMSF loans

    Hi All, I have recently established an SMSF and roll overs are now complete so I am now looking for a MB with experience in establishing loans to purchase property within the SMSF. From some of the posts I have read it would seem that there are a number of MBs on the list with experience in...
  3. mjinwa

    Deposit for SMSF property purchase

    I am in process of setting up a SMSF but ABN is not through yet therefore do not have a bank account. This weekend I have found a property I want to put an offer in on and will will need to put down a deposit sooner than later. Question is - can I front up with the deposit or does it need to...
  4. mjinwa

    Renting IP to son

    What are the tax implications of renting an IP to a family member (22 yr old son & partner) ? Rent would be based on written quotes obtained from Property Agents and correct tenancy agreements, bonds etc would be in place. The arrangement is mutually agreeable to both of us, but would the ATO...
  5. mjinwa

    LMI rules dictating ownership structure

    All, I am currently seeking preapproval for a 95% loan through CBA for 550k. Consequently I will need LMI. Due to current loans that I have I need to include my wife's salary in the servicability calculation and my MB is telling me that the LMI insurer won't allow the loan with my wife as a...
  6. mjinwa

    Property Savy Accountant in Perth

    All Any one in Perth that can recommend a good accountant who understands property investment. Would prefer a Perth or WA based accountant but will consider Melbourne or Adelaide as well as I can combine property visits with accountant visits if necessary. Thanks Mike
  7. mjinwa

    Vendor wants to delay settlement - why are my options?

    I am currently settling a property where the settlement date is 17th March. Vendor is having problems with paperwork through his mortgage firm GE finance and has asked for a delay on settlement until 30th March. To some extent I understand the issues as even with a MB constantly pushing...
  8. mjinwa

    What does this contract clause make me liable for

    In the SA "Contract for the Sale of Land Residential Property", general conditions clause 5 states. "Purchaser's Risk The property will be at the risk of the purchaser from the date of the contract and without limiting the effect thereof the Purchaser is obliged to meet the cost of any repairs...
  9. mjinwa

    PM recommendations for North Haven SA

    I am in the process of finalizing a purchase of a town house on the marina in North Haven and am looking for recommendation for PMs in the area. The unit is fully furnished & equiped and currently rented through a PM that I may stay with, but I want to explore options, especially if there is...
  10. mjinwa

    Anyone buying in Perth ??

    I have purchased 2 properties in the last 6 months out of state (ie not WA) due to the poor sate of the WA market but continue to look for the opportunity to move back home. Recent informed commentary and some research indicates perhaps Perth is near the bottom of the downward trend in price...
  11. mjinwa

    Fully Furnished rental traps

    I am currently considering purchasing a property that is currently rented fully furnished. There is a market in this location for this and the property was recently re-let with no vacancy period. The increase in rental return for the cost of the furniture package as very attractive. However I...
  12. mjinwa

    Advice - Lefevre Peninsula

    I am currently looking for IPs 3 & 4 and one of the areas I am looking at is the Lefevre Peninsula area. Has anyone got properties, researched this area that can advise what to avoid - eg particular streets, areas etc and/or any niche areas to look at further? It is such a mixed area and very...
  13. mjinwa

    Deductability of Buyer's Agents fees

    Can one of the tax savy members please advise how buyer's agent fees are treated for tax Are they - 1) Considered as part of the purchase costs and therefore depreciated over 5 years? or 2) Considered as an expense and can be claimed in the first year? or 3) Something else ?? I need to...
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