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Hi Richard, Thanks for your input. My original thoughts on the setup were that it was going to be difficult to do and I was hoping to get some feedback to substantiate this. I would have thought it would simply be easier to create a second account for the equity and draw that down as...

I have a quick question for the tax experts out there. I am currently refinancing my PPOR to get access to the equity to use to invest with. My broker has suggested the following arrangement: 1. Refinance to 90% of valuation figure of $405k. 2. Create a separate interest only loan for the...

Perhaps I am being a little naieve here but I am new to property ownership and IP's so I have no idea about land tax. Could someone please explain to about what it is and how it is calculated. I am in Sydney. Hutch.

Thanks Geoff, i'll have a look at it. Mathew.

Andy, The reason I want to use options is so that I don't have to purchase and go through the process of getting a loan and paying the associated costs. I have a strategy to use with vendors, but before I try it I wanted to find out if there were any legal implications with using options...

Hi, I was wondering if there are any legal issues that could come from buying or selling using options. For example: - I buy an option on a $150k house for $1500 and is exercisable within 6 months. - I spend $5000 improving the property which raises the sale value to $175k over the 6...

Thanks Jas, I was thinking it was correct but wanted to make sure so I can do my calcs. Mathew.

Hi All, My wife and I bought a block of land in April last year and built a house, moved in in November with total cost of $330,000. We made some minor additions with landscaping etc and had the house revalued about 2 weeks ago for $405,000. Our plan was to use the extra money for...

Thank you for your posts Mike and NickM. Can anyone suggest an accountant in Sydney that can help me set it up and also understands the investment strategies that I mentioned. Cherrs, Mathew.

Hi All, I am hoping someone may be able to give me some advice on: 1. What would be the best structure for my situation 2. An accountant that you recommend in Sydney that can help set it up My situation is as follows: I am currently refinancing my house to gain access to the...

Hi All, I am new to this forum and find it very informative for some issues that don't get discussed very often on other forums. My question relates to refinancing costs. I am about to refi to gain access to equity to begin purchasing some investments. I have been told by my broker that...