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Building Assets replied to the topic Cashflow Positive New Homes - NRAS Allocations in Adelaide in the forum Hi there, If you go to our

Sun, 13 Jun 2010 03:52:01 +0000

Hi there,If you go to our website, http://www.buildingassets.com.au , and download the information memorandum, you will see three examples in South Australia that are all cashflow positive. Rgds,Rob

Building Assets replied to the topic Cashflow Positive New Homes - NRAS Allocations in Adelaide in the forum Finance

Sat, 17 Apr 2010 05:15:15 +0000

Hi,Affordable Housing was the succesful applicant for allocations in SA. The structure here is straight freehold with no head lease structure.Rgds,Rob

Building Assets replied to the topic Cashflow Positive New Homes - NRAS Allocations in Adelaide in the forum Hi there, The purchase of

Sun, 21 Mar 2010 22:38:18 +0000

Hi there,The purchase of the property is as per usual, the title is in whichever name you choose. The NRAS co-ordinator (Affordable Housing Consulting) will provide you with your formal agreement which covers the 10 year life of the scheme. Basically, if you comply to the scheme, by renting it out at 80% of market price, you will recieve the tax…[Read more]

Building Assets replied to the topic Cashflow Positive New Homes - NRAS Allocations in Adelaide in the forum Finance

Fri, 19 Mar 2010 08:46:21 +0000

Yes Matt,It is a finance thread, but the biggest issue with these grants has been the big four banks reportedly not allowing finance on "head lease" style arrangment properties.Our are straight freehold title sale properties.Rgds,Rob

Building Assets replied to the topic Cashflow Positive New Homes - NRAS Allocations in Adelaide in the forum Finance

Mon, 15 Mar 2010 05:18:08 +0000

Hi Gary,Website is currently being populated and finished, but it will be at numerous developments across Adelaide.Rob

Building Assets replied to the topic Cashflow Positive New Homes - NRAS Allocations in Adelaide in the forum Finance

Thu, 11 Mar 2010 06:24:13 +0000

Thanks for the question.As our grant is attached directly to the property, with no head lease or similar to complicate things, we haven't had issues with finance to date.What we are hearing from credit departments is that they assess the 100% of market rent, but do not take into account the NRAS payment.All of our modelling is done on between 80%…[Read more]

Building Assets replied to the topic Cashflow Positive New Homes - NRAS Allocations in Adelaide in the forum Finance

Wed, 10 Mar 2010 03:02:55 +0000

Hi Rinnia,http://www.buildingassets.com.au will be live in about 2 weeks time. The prime focus of this group will be to match up NRAS grants, including all compliance matters relating to the grant, with brand new investment properties in Adelaide.The builder will be announced on the launch of the website.Rgds,Rob

Building Assets replied to the topic Cashflow Positive New Homes - NRAS Allocations in Adelaide in the forum Finance

Mon, 08 Mar 2010 10:43:25 +0000

Thanks Richard, That confusion relates to structures where a head lease is involved; ours are straight freehold transactions."To enable the tax offset to flow to owners/investors involved in head leasing arrangements, the Department will put in place a manual process for issuing Refundable Tax Offset certificates in a format that the Australian…[Read more]

Building Assets replied to the topic Finding Positive Cashflow Property Without The Huge Fees of a Property Broker in the forum Heads Up!

Mon, 08 Mar 2010 09:14:22 +0000

Hi,Our group is marketing National Rental Assistance Scheme allocated properties in Adelaide, turning these new preoperties into cashflow positive, they are going quickly but still have some.RobBuilding Assetsrob@buildingassets.com.au