Tag Archives: parents

Parents are offering me rent free accomodation, we have bad history, should I accept their offer?

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I am 22, live in a different country from my parents and have limited contact with my father because he harmed me when I was a child. I don’t want to go into detail but he put on a front of being a perfect, middle class citizen, and had anger problems. The violence happened very rarely but was serious, I was completely brainwashed into thinking it was normal so I never reported it to anyone. It is a family secret.

Recently they said they were going to buy a property in this country as an investment and asked me if me and my fiance wanted to live there rent free. My gut reaction is not what I should feel, I should be happy but in some ways I’m worried that my family is trying to control me or buy me off in a way for things that have happened. They have made a point not to consult my soon to be husband about this as far as they’re concerned he does not know. They have tried to split us up in the past before they knew him because they didn’t like me having outside influences when I was younger as part of the control over me.

Do you think I should trust them and be grateful or should I trust my gut reactions?


Being conned by a member of my family?

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A few years ago I ran into some money when my parents died. I lent my brother-in-law over 0,000 for his business and he lost the lot.What I am cranky about is that I found out later while his business was in trouble he was leasing a jaguar, having holidays on Stradbroke Island and buying expensive presents for his kids. When he know he couldn’t pay me he asked me to buy his house for 0,000 and he would take off what he owed me – his house sold for 0,000. He also offered me some of his investment properties at inflated prices.
Now two and half years down the track,my wife’s family have decided that I am the evil one because I won’t forgive him and he’s the poor business entrepreneur who had a bit of bad luck, but will pay me back some day.
I have accepted that he will never pay me back and probably never intended to. I suggested that my wife’s brothers (two of whom are extremely well off) should share the debt with me but my wife said that was a silly suggestion.


Will I receive the $900 Stimulus Bonus (Australia)?

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I am a fulltime student and I work as a casual. I didnt receive the student payment as I’m not on Austudy etc.

Anyways last financial year my dad decided to spread his income across my mum, brother, sister and myself. This is because he owns alot of investment properties and therefore earns alot of income from rent and his accountant suggested it to reduce his tax he has to pay by 1000′s.

I made 18k myself last financial year (it says that on my group certificate) but with the extra income it went upto 70k. Will I still get the
bonus? Or will there be some rule that I can’t? This is through a family trust btw.

And also my brother doesnt even work, but he hadto lodge a tax return for an income of 30k……will he get the bonus too? Even though he didnt work?
Yeh how did I know some un-educated person would say that?

Im at Uni fulltime and I earn less than 20k a year. Why dont I recieve any help from the Government and the people nexto me in the same position do? And they get an extra 0 for the student stimulus and I dont. I get nothing, I dont get anything to begin with from the Government either! Why should everything haveto do with what your parents earn.

My mum or dad wont get any money from the Government but why shouldn’t I? Im not earning that income am I?

Anyone know the answer?? I might just haveto wait and see.


Lebanese marriage question – is this normal?

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I have never told anyone this before as I am too embarrassed. I am desperate for any advice, please be honest with me :) If there are any Lebanese people or those who are married to a Lebanese man, I would love to hear your opinion as I’m not sure if this is a cultural thing.

I have been married for four years to a Lebanese (catholic) man. He wasn’t born there but he calls himself Lebanese so I’ll say that too. I am Anglo, no religion. When we were dating/engaged, he was a kind and caring man, quite liberal in his thinking but with some traditional family values that I admired. He spoke very highly of his parents and was always helping them out. We have just separated and my husband and his family blame me as I was the one who asked him to leave. My husband says I am completely over-reacting to the following things. Am I??

* My husband never lived away from home before we married and was treated like a god by his mom – she did absolutely everything for him. I had no idea of this or that he would expect me to do the same. Is it normal for a Lebanese man to expect this? When we were dating he seemed like a regular guy. He does nothing around the house aside from take the trash out (which is the only job he did at his parents). I have tried to get him to help more but he says he works hard all day – that I am failing at being a good wife, housekeeper, etc. I know the house isn’t as clean as his mom’s but my life is very different to hers. My husband says she is very busy caring for his sick father yet she can still do everything. Am I being too touchy, I know I have slacked off a bit?

* Despite my husband’s traditional values, he has never properly supported the family. I have used my savings to make up the shortfall. At one stage he gave nothing for five months. When I brought this up with him, he said that I knew he had an investment property before we married. So I was forced to work to get extra money when our two children were 3mths and 18mths. I now work 40 hours a week (2 days and the rest at night when the children are asleep). When I have complained that I am exhausted, my husband says lots of mothers work. He feels I am completely over-reacting.

* I have an auto immune condition which my husband knew about before we married. It has been getting progressively worse over the past few years. My husband refused to let me tell his family about it until it was very apparent that something is wrong with me. I don’t have much family so I was hoping for a little support (even just to get milk at the shops, it is quite hard to do it with two kids as well). My husband says his family have their own lives, even though most of his sisters don’t work, and that I should be relying on my own family. My parents don’t live nearby. Is it possible my husband’s family are wary of me because I’m not Lebanese? Every other Lebanese family I know are very welcoming and family minded.

* When we had problems a year ago, I contacted his family for help. Some of the issues were quite serious yet all of them said they didn’t want to get involved. I felt helpless. My husband says it has nothing to do with them so I shouldn’t call them. Are personal matters usually very private with Lebanese families? Maybe I am expecting too much?

* Since we were married, my husband has gone to his mom’s for breakfast, even when I had just had a baby and begged him not to. He says he’s always had breakfast there and it saves me having to make it. She also makes his lunch everyday. When I asked her to stop, she said she is only helping me. When I tried to insist, it was obvious that she was not happy about it so I didn’t push. I know these are only small things but it makes me feel like I’m not good enough. My husband’s brother also does the same thing so am I making mountains out of molehills?

* When we were looking to buy a home, my husband insisted we stay in the same area as his parents and family. We are now one minute away from them and he visits them everyday before and after work and on weekends without me. When I say I feel left out or wish that he’d want more time with me, he says he is helping me (he often takes the children with him). I have tried going along but to be honest I don’t have the time and it’s kind of boring – all my husband does there is watch TV while his mom minds the kids. One time my husband did agree to stop going there after work during the week but his mom was very annoyed with me when I saw her. So I felt I had to give in as it was making things uncomfortable. Should I be making more of an effort to visit them? Maybe they don’t like me because they think I am being rude.

* When I have had concerns about some of the things his mom has done with the children (such as candy or constant TV), my husband is furious. He has yelled that his mother has raised more children than me and what goes on in her house is her business. I feel my role as a mother means nothing to them but my husband says the


cross collateralization and accessing Equity – Confused!?

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I have an apartment which was my PPOR for 12 months until this year when i decided to move to my parents and rent it out. The apartment is valued at around 0,000 , I purchased it for 5,000. I originally only borrowored 5000 as i had the rest as a deposit. loan is around 200k now as a Principal and Interest loan

After being home for a few months i’m trying to get more finance for another property which will be my PPOR for the forseable future , the property is 9,000. My Broker has suggested the following

increase current existing mortgage to 0,000 interest only on investment property and make the new property at 5,000
inc of stamp duty and other fee’s as follows:

Investment property – 0,000 IO – 78 PER MONTH
Owner occupied – 5,000 – 5 per fortnight.

This is where i confuse myself , my Tax accountant says the following

please note that by increasing your loan on your apartment, interest on the increased portion of borrowings would not be deductible unless the increase can be supported as being for the purpose of extending or improving the apartment. Unfortunately, if the additional inter


Is this unusual ?

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I have met a guy, he is 39 years of age and lives with his parents. Never married, no children.
He does not have an investment property or a vehicle.
He comes from a middle class family in Sydney.
Yes, he wants to settle down, start a family etc..
I just don’t get any sense of security from him.
Am I being judgmental or over cautious?


can someone who doesnt work but owns an investment property still get tax benefits?

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my parents own an investment property. my dad works, my mum is on a disability pension. they just did the first tax refund since building the house. dad got back a total of ,800 and mum got nothing. the tax agent said she doesnt get her 50% as she doesnt work. this doesnt seem right to me, she is missing out and getting nothing but the loan is in both names. also, the property cost 9,000 shouldnt they have got more back, given the interest alone they have paid is ,000? and the depreciation on the stove, carpets etc? also, they should have got 5% toward cost of building? plus rates and taxes, legal fees, house insurance etc? it doesnt seem to me as if they got enough back and mum got nothing! does this seem right? what more would they be entitled to? they arent coming out ahead at all, more like a loss to me!! should they enquire about the refund? have it reviewed? does this sound right to you? we are in australia


Investment Property how have you structured yours?

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I live in Australia, with my parents(28 bit sad i know but i have a plan). I already have an investment property in my own name. I have since started a business which has a company trust attached for investments. This is my challenge. The house i purchase will be for me to live in, while living there i will sub-divide the land and build on the back of the property. On completion i will then sell the front and rent the back one out as an investment. If i were to not live in the front then i could just get it in the company trust and get the tax advantages, this is not an option because i am living in it, to then put the back property in the trust afterwards would have extra transfer fees and stamp duty etc, which would make it costly so what to do???? i will use the increase in capital available to aquire a house closer to the beach and continue the process. I am going to see my accontant and ask my business coach also,just wanted to if you might shed some light.

Thankyou in advance:


How do I purchase an investment property. Living at home so living costs are low?

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I really want to enter the property market but i’m not sure on the safest way to do so. I’m living with my parents and only have to pay a small amount of board each month so all funds can go towards the payments on my investment property. Please offer suggestions and tips, thankyou