PropertyInvesting.com | ankitjain | Activity https://www.propertyinvesting.com/members/ankitjain/activity/ Activity feed for ankitjain. Fri, 17 Apr 2026 20:24:56 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0fe9b27cafd5facba7ac1083bdacf303 ankitjain started the topic Overseas Buyer wanting to buy property in Australia in the forum Help Needed! https://www.propertyinvesting.com/topic/4991444-overseas-buyer-wanting-to-buy-property-in-australia/ Fri, 06 Jun 2014 06:03:35 +0000 Hi, I studied in Melbourne (international student) and then returned to my country. I want to buy a property near crown casino in Melbourne. How can I buy a property in Australia when it is in resale (not off the plan) -Any options (e.g. form a company)?

Property is likely to be a apartment. I would also take some loan. I will then put the…[Read more]

]]> 2bd7586c4c02c598dd2f17a472ba10f2 ankitjain replied to the topic buy property overseas with SMSF in the forum Help Needed! https://www.propertyinvesting.com/topic/4406481-buy-property-overseas-with-smsf/page/2/#post-4668876 Sun, 10 Mar 2013 00:50:27 +0000 Hi, I have 123K in my super account. I wish to buy a property in india via my SMSF. I wont need any home loans. Do you see any challenges with this.

Regards
Amit

]]> c10a58e3a8376ad7be6308c89ace18f7 ankitjain replied to the topic SMSF to buy property overseas (India) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407746-smsf-to-buy-property-overseas-india/#post-4678434 Wed, 10 Oct 2012 04:03:15 +0000 Weekdays busy – Had a quick chat with one of the respondents on this forum and they will get back to me latter this week.

]]> 14ebbaf7bc3238dcdeaf16d163e933b4 ankitjain replied to the topic SMSF to buy property overseas (India) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407746-smsf-to-buy-property-overseas-india/#post-4678429 Fri, 05 Oct 2012 06:03:37 +0000 Ziv, I would be keen know the outcome. I am going to be ringing some accountants myself next week to try and find out who has done this previously. I was told
A) If a person does an individual SMSF then property overseas is in the persons name
B) Don’t know about situation where 2 or 3 people get together to form the SMSF.

]]> effcad7efeba6fdda4188aac0b2b0136 ankitjain replied to the topic SMSF to buy property overseas (India) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407746-smsf-to-buy-property-overseas-india/#post-4678426 Thu, 04 Oct 2012 01:45:24 +0000 Guys, With no loan requirements – I think this is straightforward.
A) Has anyone set-up an SMSF to buy property overseas – anywhere (say the USA).
B) Would you recommend any one who can help in this activity (professionally).

Regards

]]> 45cf96772f71034836c38ee5b7465708 ankitjain replied to the topic SMSF to buy property overseas (India) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407746-smsf-to-buy-property-overseas-india/#post-4678423 Mon, 01 Oct 2012 06:59:44 +0000 All the three of us are Australian citizens and have a Indian OCI (overseas citizen of India -Like dual citizenship).

We are Indian by background but have now settled in Australia.

We have family (parents) in the city in which are planning to buy the property.

No Loan required – Simply want to buy the property off the plan in India. 

]]> 854ed5af71ac984cec55d8039e916058 ankitjain replied to the topic SMSF to buy property overseas (India) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407746-smsf-to-buy-property-overseas-india/#post-4678420 Mon, 01 Oct 2012 05:18:59 +0000 Terry, Can you help with setting up a SMSF to buy property overseas. If so, I am happy to give you a call and seek professional advice on the matter.
Is this approach (using SMSF to buy property overseas) used by people and approved by TAX office.

]]> f2e0f3d683c1b9b59e729497e559d076 ankitjain replied to the topic Panicking - Interest in advance not processed timely in the forum Please advice if anyone else https://www.propertyinvesting.com/topic/4400469-panicking-interest-in-advance-not-processed-timely/#post-4627581 Mon, 05 Jul 2010 22:17:20 +0000 Please advice if anyone else has had this problem with st george bank this year.

]]> 1dac9f0faa7b3ef25eb1b835b11c4f6d ankitjain replied to the topic Panicking - Interest in advance not processed timely in the forum Help Needed! https://www.propertyinvesting.com/topic/4400469-panicking-interest-in-advance-not-processed-timely/#post-4627579 Mon, 05 Jul 2010 13:34:40 +0000 Thanks banker – really appreciate your comments and they will be very useful tommrow.1 à I will lodge a complaint tomorrow morning with the bank and get a complaint number.2 à I will lodge a complaint with the banking ombudsman3à they definitely had a system error ( I have that in email) – also in phone conversations – they kept on repeat…[Read more]

]]> 1795726f20d1e11834f1fce781e23ec7 ankitjain replied to the topic Panicking - Interest in advance not processed timely in the forum I am sure I would not be the https://www.propertyinvesting.com/topic/4400469-panicking-interest-in-advance-not-processed-timely/#post-4627577 Mon, 05 Jul 2010 12:57:57 +0000 I am sure I would not be the only person facing this problem – This is definitely a wider issue affecting many customers -please contact me on ankitjain_99@yahoo.com if you or anyone known to you has faced this problem.

]]> 9a9b824eb5f0de1b6238ba7a282d8c9b ankitjain replied to the topic LOC Setup in the forum Finance https://www.propertyinvesting.com/topic/4398618-loc-setup/#post-4616240 Sat, 06 Feb 2010 13:38:02 +0000 This just seems to be really bad time to change lending criteria. I, for example, was thinking about using funds of upto 80% (increase borrowings from my current level of 70%) of my property valuations to fund other investments . Some options being considered include…A)     Invest in mutual fundB)      A property purchase overseas (via my family).[Read more]

]]> d9b777759e20f29df33abf5b825ef707 ankitjain replied to the topic Increasing borrowings on your existing house – problem with banks? in the forum I did an internet search - https://www.propertyinvesting.com/topic/4398633-increasing-borrowings-on-your-existing-house-problem-with-banks/#post-4616302 Fri, 05 Feb 2010 22:46:01 +0000 I did an internet search – if my move banks i might have to pay another LMI.I did some thinking overnight – My main financial goals should be satisfied if I am able to go to 80% of the combined value of my two houses – If my valuations were a little better then I can go to another bank – borrow 80% and not be liable for paying another LMI.Please l…[Read more]

]]> db4ce6ad6df3bd455fe6db71bf063b7f ankitjain replied to the topic Increasing borrowings on your existing house – problem with banks? in the forum So what are my real https://www.propertyinvesting.com/topic/4398633-increasing-borrowings-on-your-existing-house-problem-with-banks/#post-4616301 Fri, 05 Feb 2010 06:03:43 +0000 So what are my real options1.       If I move bank (my lender), do I need to pay Lenders Mortgage insurance (LMI) again or does it move with the loan. This is one single thing that will prevent me moving.2.       The house that i live in has No break fees – I have been with the bank for more that three years3.       Investment property – I pay inte…[Read more]

]]> 77efffe55cdb668ecb96355503a99dc8 ankitjain replied to the topic Impact of me going overseas on IP calculations in the forum Help Needed! https://www.propertyinvesting.com/topic/4394044-impact-of-me-going-overseas-on-ip-calculations/#post-4592016 Mon, 23 Feb 2009 09:32:54 +0000 Family situation is different but the tax situation would be the same. I am still in Australia – sticking to my safe job here in the current economic climate. Waiting for things (financial crisis) to clam down a bit – plan still remains the same. Calculations have changed now with interest rate at 5%. If I fix now for 3 years – it would be three…[Read more]

]]> e154b26b6a49613c97552357df9dec5d ankitjain replied to the topic Impact of me going overseas on IP calculations in the forum Help Needed! https://www.propertyinvesting.com/topic/4394044-impact-of-me-going-overseas-on-ip-calculations/#post-4592012 Sun, 31 Aug 2008 01:50:56 +0000 Elka, This requires proper investigation and may require rethinking the entire strategy. I will take a week to respond to this one fully (weekdays is busy). Initial thoughts…. It is likely that my going overseas may trigger a CG event.On the IP I was always going to pay capital gains tax. The real concern is the residential property.I would be e…[Read more]

]]> ef32e5d95c55e3ad723aaaa005ef8dc1 ankitjain replied to the topic Impact of me going overseas on IP calculations in the forum Help Needed! https://www.propertyinvesting.com/topic/4394044-impact-of-me-going-overseas-on-ip-calculations/#post-4592011 Sun, 31 Aug 2008 00:41:47 +0000 Elka, Very informative posts.  I definitely need to get a new tax agent – initially looking through the link — It seems to show it is not too good for me. I will respond after going through it in detail. Thanks a lot

]]> b86babc1b0f87b357ba1c0c1a2cb20d6 ankitjain replied to the topic Impact of me going overseas on IP calculations in the forum Help Needed! https://www.propertyinvesting.com/topic/4394044-impact-of-me-going-overseas-on-ip-calculations/#post-4592007 Thu, 21 Aug 2008 08:36:50 +0000 I am returning to India – family reasons. But the whole thing rests on me offsetting my rental income from residential property against income from IP.  Current thinking is  — I pay income tax on what I earn in Australia in Australia. In India I just pay income tax on what I earn in India  from my job their. So my Australian tax return will be in…[Read more]

]]> 5a76169b8181e9da341e6906b97936e6 ankitjain replied to the topic Investing in India in the forum Overseas Deals https://www.propertyinvesting.com/topic/4383988-investing-in-india/#post-4539709 Wed, 25 Jan 2006 01:35:43 +0000 Property in India is doubling every 3 years currently. Being an Australian citizen of Indian origin I find it easy to relate to that market and I know people who can alteast go and visit the property if the need be. It is all a case of how much does it increase!!!. I went to India over Christmas. I got a loan pre-approval from ICICI bank…[Read more]

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