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Articles

Research pays off in property investment

Posted by on 2:12 am in Expert Tips, Sydney Hills Living Magazine | Comments Off on Research pays off in property investment

Research pays off in property investment

A good financial strategy can make investing in property very rewarding, but don’t settle for a one-size-fits-all approach, says Angela Dye. To read the article titled: Research pays off in property investment – Click Here  

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Take control of your finances in retirement

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Take control of your finances in retirement

Releasing the value of your property can help you live the life you really want in retirement, says Angela Dye. To read the article titled: To control of your finances in retirement – Click Here  

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Newsletter No.4

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Newsletter No.4

Hi from Angela! Always know your WHY when investing Welcome to this issue and I hope it finds you well and warm! Investing in property is exciting and a bit scary at the same time but there are a lot of steps you can take to make it financially safer and emotionally easier. Get the reason you want to invest clear and then get a grip on your current finances, not what they will be when you get your next pay rise, but today! Be proactive and do your own research and attend property seminars, but be careful not to commit to anything on the spur of the moment. Every investment is a big outlay and you need to think carefully if it is the right one for you. Make sure you understand what type of loan you have and why, have an exit strategy in place and always ensure that you can service the loan that you get. When you have sought professional advice and got all your ducks lined up then it’s time to jump in the water and test the temperature! If your decision is based on solid research and sound advice you have done all you can to minimise your risk. Investment property can really help you have the lifestyle that you want, now and in the future. Contact me if you would like any more information on property investing – no questions or queries are too small … 02 8824 4000, (M) 0414 608 970 or email: angela@richmondresidential.com.au Did you know? Once you have gone unconditional on a contract of sale you are locked in. If you then cannot finalise the purchase you will lose your deposit and possibly other costs as well. Find a word Find these words:BUILD, DEPOSIT, DREAM, DUPLEX, HOME, HOUSE, INVEST, LAND, MORTGAGE, PROPERTY, RENTAL,SETTLEMENT, TENANT, UNIT, VACANCY Services we offer Financial strategy Home loans Property investment Financial planning (including insurance, retirement, superannuation and SMSF) Until next time, happy investing!...

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Navigating Sydney’s Property Puzzle

Posted by on 11:36 pm in Expert Tips, Sydney Hills Living Magazine | Comments Off on Navigating Sydney’s Property Puzzle

Navigating Sydney’s Property Puzzle

Recently Angela Dye, who has been serving the Baulkham Hills community with mortgage services for over a decade, tells Sydney Hills Living why providing financial advice is so rewarding. To read the article titled: Navigating Sydney’s Property Puzzle – Click Here  

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Newsletter No.3

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Newsletter No.3

Hi from Angela! Where does all my money go? This is a question I hear time and time again when chatting with clients. It is also a question that you need to know the answer to. We make plans for a holiday and a special birthday celebration, and likewise we should have a plan for our finances. It is empowering to get a good handle on where your hard earned money is spent – it continues to run out that door whether you track it or not! February is a perfect time to gear up for the year ahead. With the Christmas break over and the kids back at school a sense of ‘normality’ has returned in our day to day lives and our budget. Has your spending changed from last year? You may have started a new job or be working more or less hours. The kids may have started or stopped school – these two things alone will make a huge difference to your income. Come in for a chat and we can talk through your scenario to see if you are on track and check if you are heading towards where you want to be. If you have a friend or family member that would benefit from a consultation please pass my details on to them. No questions or queries are too small … 8824 400, (M) 0414 608 970 or email angeladyexx@gmail.com Did you know? You should review your mortgage every 2 years to get the advantage of new products and rates   Did you know? You should review your mortgage every 2 years to get the advantage of new products and rates Find a word Find these words:BILLS, CARS, CHEMIST, CHILDREN, CREDIT, FEES, GROCERY, HOLIDAY, LEASE, MEDICAL, MORTGAGE, PETROL, RENT, SPENDING, SPORT Services we offer Financial strategy Home loans Property investment Financial planning (including insurance, retirement, superannuation and SMSF) Until next time, happy spending!...

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Podcast 7 – On going journey, keeping things going

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Podcast 7 – On going journey, keeping things going

Pod casting from Sydney, Australia – Welcome to Take Control and become the expert in YOUR finances, where You’ll discover sound principals and proven strategies to take your Financial Position to the next level, giving you Complete Control and Certainly in today’s turbulent economic conditions. – Angela Dye!  http://www.richmondresidential.com.au/wp-content/uploads/podcast_music/PODCAST7-MIX.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | RSS Episode 7:  On going journey, keeping things going Constant review of budgets, income goals What happens if… lost job, unexpected baby, family crisis or is life gets in the way. Learn when NOT to panic, Be secure, stick to the plan. For More Information Visit: http://www.richmondresidential.com.au/ Here is a small sample of the Podcast content below: Angela: Hi everyone. It’s Angela Dye. Welcome back. We’re getting close to the end of the podcasts now, so I hope you’ve been enjoying them all. This one’s based on what happens next after we have decided to buy the investment property. Interviewer/Support: Okay, great, Angela. So we’ve got our investment property that we have purchased and it’s almost ready to go for the tenants to move in. Are there any things that we need to have in place or be mindful of to really help us along the ongoing journey and keep things going? Angela: One of the most important things here is recordkeeping. We need to make sure that you’ve set yourself up a folder, either on your computer or a hard copy, where you keep all of the paperwork that’s relevant to the purchase of the property and the ongoing costs associated with the property. Another important thing to do is make sure you’ve done your depreciation schedule, you’ve had that done for you, and you’ve given that to your accountant. And then your accountant should be looking at doing a tax variation for you. Interviewer/Support: So what does depreciation actually allow you to do, a depreciation...

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Podcast 6 – How to use property as a tool to achieve financial goals.

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Podcast 6 – How to use property as a tool to achieve financial goals.

Pod casting from Sydney, Australia – Welcome to Take Control and become the expert in YOUR finances, where You’ll discover sound principals and proven strategies to take your Financial Position to the next level, giving you Complete Control and Certainly in today’s turbulent economic conditions. – Angela Dye!  http://www.richmondresidential.com.au/wp-content/uploads/podcast_music/PODCAST6-MIX.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | RSS Episode 6:  How to use property as a tool to achieve financial goals. Concept of leverage Other people’s money Equity growth faster than saving For More Information Visit: http://www.richmondresidential.com.au/ Here is a small sample of the Podcast content below: Angela: Hi everyone. It’s Angela Dye here. Welcome to our next podcast. Hope you’re enjoying the series so far. Don’t forget, if you have any questions, go to the website and send an email or you can call the office direct. Interviewer/Support: So Angela, we’ve got our budget in place and our loan structure and everything’s humming along nicely and we’re starting to actually pay off some of the loan and generate some redraw in the loan, some equity in the loan. What do we do now? What’s the next step? Angela: Well, this goes back to our goals and the discussions we’ve had earlier with the particular client as to what it is they want to do. So most of the time, people are looking at, “Okay, now that we have redraw, we’d like to say buy an investment property.” Or some people just want to pay their home off. They’re happy to pay their mortgage off, and if they own their own home, they’re happy chappies. Other people, though, once they see that they can pay their loan off, they then want to start to create a portfolio of property. So we use the redraw to do that. When we get to a level of redraw where we have enough for deposits and...

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Newsletter No. 2

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Newsletter No. 2

  Hi from Angela!   Hi everyone and welcome to my second newsletter, bet you have been scouring your Inbox looking for it! The silly season is almost upon us so I thought it best to get this out before you came to a screaming halt in December; and the screaming halt date seems to get earlier every year. Self Managed Super Fund (SMSF) and Limited Recourse Borrowers Arrangements (LRBA)   How much can you borrow? If your fund has a corporate trustee most banks will lend up to 80 per cent of the purchase price If your fund has an individual trustee some banks will only lend up 70 per cent Each situation is different so you need to talk to your broker about what level of LVR is suitable for your circumstances. Other professionals that can assist with your SMSF are financial planners, accountants and lawyers. You’ve got the loan – where does the income come from to service it? Some scenarios for servicing the loan: Employee contributions if you are an employee (PAYG). Personal contributions you pay into the fund if you are self-employed – both these must be evident for two years. Your accountant can help with this. Also salary sacrifice amounts if evident over a two year period. Banks will be able to use 80 per cent of the rental income for any property purchased by the fund. Any other funds held within super – these are usually calculated at 3 percent per annum. Always remember I’m here to help you Drop me a line or give me a call – yes, I am repeating myself again! None of your questions are too small – 8824 4000, (M) 0414 608 970, email, angeladyexx@gmail.com. Check out my podcasts on the website www.richmondresidential.com.au. I am having great feedback from clients about these and you may find your questions are addressed in those. Did you know? An offset account is not the same as having a line of credit loan? Some of the differences will make quite a difference to your outcome when investing. Wonder Word Find these words: BROKER, CONTROL, CORPORATE, GEARING, INDIVIDUAL, INVESTMENT, LAWYER, LEVERAGE, MANAGE, PLANNER, TRUSTEE   Services we offer Financial Strategy Home Loans Property Investment Financial Planning (including insurance, retirement, superannuation and SMSF) Wayne’s words of wisdom   You may or may not know but this year marks the amazing arrival of SMSF's as the largest sector in the Super fund industry – surpassing both industry and retail funds. When Paul Keating made the significant changes he did, he believed the self managed sector as being no more than 5% of the industry so why the growth? There are a number of factors. Firstly, people like control; they want to be able to make decisions for themselves possibly driven by disenchantment with their existing fund. Secondly, the ability to invest in property. Australians love investing in property. The average Australian is always interested in being able to invest directly in residential or commercial property. Thirdly, not only can you buy property but you can borrow, using your super, to buy that property. Something retail funds or industry funds cannot match. There are many other reasons but the key question asked is ‘Is it for me?’ If you have over $150k in super (individually or jointly...

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Podcast 5 – On the Journey

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Podcast 5 – On the Journey

Pod casting from Sydney, Australia – Welcome to Take Control and become the expert in YOUR finances, where You’ll discover sound principals and proven strategies to take your Financial Position to the next level, giving you Complete Control and Certainly in today’s turbulent economic conditions. – Angela Dye!  http://www.richmondresidential.com.au/wp-content/uploads/podcast_music/PODCAST5-MIX.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | RSS Episode 5:  On the journey how do you determine what product is the best one for me Why do you say not to get caught up in the interest rate how do we work together to achieve our goals Identify the best product for me, and how to use product Prepare for life’s uncertainties and for future expenses, children, uni, holiday etc For More Information Visit: http://www.richmondresidential.com.au/ Here is a small sample of the Podcast content below: Angela: Hi everyone. It’s Angela Dye here. Welcome back. I hope you’ve enjoyed everything so far. On the last podcast, we were talking specifically about what we do with your current financial products and whether we have to refinance them. In this podcast, what we’ll do is discuss the products that are actually available and things like interest rates and what they can do for you. Interviewer/Support: So Angela, how do you actually determine what the right product is for me and what would empower my strategy to move forward as quickly as possible? Angela: Well, it goes back again to what we always say – your goals and your dreams and your budgets and your lifestyle. So the main thing we need to do is make sure that we put in place a transactional account. The transactional account is usually the main account, so it usually sits against the owner-occupied property and it give us a facility to be able to pay certain parties, do BPAYs, pay anyone, checkbook if we need...

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Podcast 4 – Start the process

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Podcast 4 – Start the process

Pod casting from Sydney, Australia – Welcome to Take Control and become the expert in YOUR finances, where You’ll discover sound principals and proven strategies to take your Financial Position to the next level, giving you Complete Control and Certainly in today’s turbulent economic conditions. – Angela Dye!  http://www.richmondresidential.com.au/wp-content/uploads/podcast_music/PODCAST4-MIX.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | RSS Episode 4:  Start the process Will I have to refinance the loans I have. What do you mean by the structure of a loan. What is auxiliary debt. What loans do you already have? Do they need to be restructured, how can we use them? Get rid of auxiliary debt / credit cards Loan types and how to use them How to use mortgage products to maximum potential Power of 1$ For More Information Visit: http://www.richmondresidential.com.au/ Here is a small sample of the Podcast content below: Angela: Hi everyone. I’m Angela Dye. Thank you for joining me today on my next podcast. I hope you’ve enjoyed the previous ones and you’re learning something from them or trying to put them into action. Today’s podcast we’re going to now put all that together and we’re gonna discuss how we now use everything that we’ve learned so far to help you with your financial strategy. We’re gonna look at the financial products that you currently have and see whether or not we can use them. Interviewer/Support: So does this mean, Angela, that I have to refinance the loans that I already have? Angela: Not necessarily. I have to look at everything that you’ve got. We have to see what loans you have in place. If you’ve got multiple properties, we look at whether or not they’ve cross-collateralized. That means they’re linked together, so if something went wrong in a loan, the bank can technically take both properties. They can put them both on the market for sale and then possibly the one that you’re living in – your home – could be the one that sells first – that clears the debt – or you could be in a position where you’d need to sell...

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