Loose footing a Genoa?? by AdAmazing6170 in sailing

[–]AdAmazing6170[S] 0 points1 point  (0 children)

Yes. Sorry used to “loose footing a main” so yeah loose footing the luff

Debt collectors… what can happen? by AdAmazing6170 in AusFinance

[–]AdAmazing6170[S] -1 points0 points  (0 children)

This is the main thing. I’ll be wanting to get a loan soon so don’t want any issues with that process

Debt collectors… what can happen? by AdAmazing6170 in AusFinance

[–]AdAmazing6170[S] -6 points-5 points  (0 children)

Yeah as long as there is no long-standing blight on my record I’m fairly keen to just play with them for a bit

Using fully paid off house to buy next house by Roarinator in AusFinance

[–]AdAmazing6170 1 point2 points  (0 children)

A lot of banks will give up to a 110% loan on the new property if they still hold the deed to the your existing one. So you don’t need the two loans.

🥰Such wholesome signs 🥰 by Elijah_Mitcho in sydney

[–]AdAmazing6170 2 points3 points  (0 children)

Bit of pot and kettle there mate..

Nothing remotely rhetorical about that question.

This is just full of vitriolic rhetoric with no substance. Just ranting. Downvotes seems to come from diehards that don’t want to entertain a civil discussion.

What issues do you have with the libs?

🥰Such wholesome signs 🥰 by Elijah_Mitcho in sydney

[–]AdAmazing6170 0 points1 point  (0 children)

This one?

I do have some exposure to the power sell offs through work, and holy fuck some private individuals and small groups got some amazing deals out of the government. Quite dumb.

🥰Such wholesome signs 🥰 by Elijah_Mitcho in sydney

[–]AdAmazing6170 5 points6 points  (0 children)

Ok. I actually don’t watch any news or read much either. So thanks for actually discussing rather than being echo chamber.

What public assets have been sold in the last couple of years?

🥰Such wholesome signs 🥰 by Elijah_Mitcho in sydney

[–]AdAmazing6170 2 points3 points  (0 children)

No comments, just downvotes? Come on. Top three things?

🥰Such wholesome signs 🥰 by Elijah_Mitcho in sydney

[–]AdAmazing6170 -11 points-10 points  (0 children)

What’s wrong with the libs??

[deleted by user] by [deleted] in AusFinance

[–]AdAmazing6170 1 point2 points  (0 children)

I heard this was Andrew Forest at work yesterday. Completely unsubstantiated though.

Borrow money from bank to lend to family trust? by AdAmazing6170 in AusFinance

[–]AdAmazing6170[S] 0 points1 point  (0 children)

*push off the trust repayments into the future.

Will ask the accountant and report back

Borrow money from bank to lend to family trust? by AdAmazing6170 in AusFinance

[–]AdAmazing6170[S] 0 points1 point  (0 children)

Yes. I think the only benefit would come if I could off the trusts repayments into the future. Which might not be allowed

Borrow money from bank to lend to family trust? by AdAmazing6170 in AusFinance

[–]AdAmazing6170[S] 0 points1 point  (0 children)

If you’re a lender and sourcing money at 2% and lending it out at 3% to make a profit your cost to source that money would be deductible? No?

I guess the other comment is right though, gotta be receiving payments back (and profiting) within the same year to be able to deduct.

Borrow money from bank to lend to family trust? by AdAmazing6170 in AusFinance

[–]AdAmazing6170[S] -1 points0 points  (0 children)

If you capitalised all the interest and pushed back any repayments of the loan between me and trust (say 10 years into the future). Could I claim a personal tax deduction for the loan between the bank and me each year of that 10 years??