sportz43 started the topic To Rent out or Sell? in the forum Help Needed! 8 years, 9 months ago
Would really appreciate some advice for some family friends have found themselves in a precarious and complicated position.
HOUSE
They have a large, but old 5 bedroom house on a large block worth 1.2-1.5 million ++ with a small mortgage so the LVR is favourable. It has been unoccupied for several years but was once a PPOR and owned solely by a…[Read more]-
sportz43 replied to the topic Property – handover/sale to family member(s) in the forum Help Needed! 8 years, 10 months ago
Hello all,
Quick question for any experienced and knowledgable property people relevant to the thread.
I heard recently that when a investment/property is gifted by a parent to their child when they marry it is not subject to Stamp duty, pending certain conditions like the period of time before or after the wedding.
It sounds ludricous in…[Read more]
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sportz43 replied to the topic Should I buy now or later or never? in the forum Help Needed! 9 years, 10 months ago
Hi
You have a lot to think about. You are in a good position, have a good asset. What city?I think you need to put your family first, Get the happy home and invest from there.
Things to consider
1) Do you have to go your PPOR so high? Could you find an area closer to 600K, don’t get to caught up with status
2) Could you get your apartment…[Read more] -
sportz43 replied to the topic Robert Kiyosaki cash flow 101 -aka rich dad poor dad(western suburbs melbourne ) in the forum Help Needed! 9 years, 11 months ago
A great idea. I’ve got one IP and ready to look at number 2. I’m also out West. Have actually been of the forum for a while but a new fond impetus and positive circumstances have brought me back so keen to meet with others to learn.
Will email you Daniel
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sportz43 replied to the topic Novice Depreciation and deduction question in the forum Help Needed! 13 years, 6 months ago
Hi Jacqui_03Congrats on getting your into your 2nd IP. Yes, very similar situation. I think JacM advise is on the money. You can read and ask others and assume things but you may as well call a quantity surveyor in the area you need straight up and explain your situation. I understand most of the good ones will be able to tell you if its worth d…[Read more]
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