Total Members: 158,433

ausi ski bum

  • ausi ski bum replied to the topic Multi Property Limited Recourse Loan in the forum Finance 11 years ago

    I live near Wagga Wagga does anyone know a Broker I can talk to in this area. 

  • ausi ski bum replied to the topic Multi Property Limited Recourse Loan in the forum Finance 11 years ago

    I might not have used the exact terminology but I set up the means to do this with my Lawyer a while back so I know I have the right structure in place, I got a really good guide from Kris Kitto that was very helpful in doing this.  Best $50 I ever spent. 

  • ausi ski bum replied to the topic Multi Property Limited Recourse Loan in the forum Finance 11 years ago

    Thanks would be interested to know institutions loaning less than 200,000 was thinking of extending the redraw on my own home then lending to my fund company via a leagal mortgage but if single property is the barrier better leave this alone for a few years. 

  • ausi ski bum replied to the topic Stamp duty question in the forum Another Stamp Duty Question, 12 years, 7 months ago

    Another Stamp Duty Question, in 2004 I bought three seperate properties (flats) in the same building in Victoria and the State Revenue calculated the purchase as a single transaction more than doubling the stamp duty even though they were three seperate flats and contracts of sale.Today I am looking at two units in a set of six in NSW each a…[Read more]

  • ausi ski bum replied to the topic Undeducted Contributions in the forum Legal & Accounting 17 years, 6 months ago

    Looks like I opened a can of worms here, sounds like there may be issues with the joint ownership.

    My wife and I own 58% of the property and the Super fund 42% and there are no borrowings against the property.

    As the property has super fund involvement we can not borrow against it hence the option of making it 100% super fund owned through an…[Read more]

  • ausi ski bum replied to the topic Tell Me About Trust Accounts in the forum Legal & Accounting 17 years, 6 months ago

    What body would control such accounts in Victoria and where could I get a copy of the legislation and consequences for breaches

    ASB Alpine

  • ausi ski bum replied to the topic SMSF Business Real Property in the forum Legal & Accounting 18 years, 3 months ago

    Just a quick question???????????
    “Alpine property has very different rules to other investments”

    No I meant Alpine Properties are different in the way you market them , rent them ect as you earn your income over a very short period of time. They are also on leased land not frehold so there are a lot of checks you need to do such as term left on…[Read more]

  • ausi ski bum replied to the topic SMSF Business Real Property in the forum Legal & Accounting 18 years, 3 months ago

    Originally posted by Property WA:
    Hi ausi ski bum,

    Just wondering how much of a % your IP takes up as a proportion of your SMSF investment portfolio?

    Do you find that all outgoings (maintenance, management fees ect) and income received must be paid for and received on the same 60/40 split?

    Have heard of several people wanting to move into this…[Read more]

  • ausi ski bum replied to the topic Niseko Japan Property Question in the forum General Property 19 years, 1 month ago

    Thanks everyone and BTW the property I have in Falls Creek has preformed very well, I however do run a huge skiing web site so marketing them is easy for me hence my involvement.

    A lot harder for other people though.

    Might just stick to what I know

    ASB Alpine

ausi ski bum

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