Total Members: 158,198

Cat159

  • Cat159 replied to the topic Flooded House in Dalby in the forum Help Needed! 13 years, 1 month ago

    Thx for the feedback

  • Cat159 replied to the topic Property Management in Townsville in the forum General Property 15 years, 4 months ago

    Try Live-n-invest real estate, they were pretty good. 07 4773 1006. They managed and sold my property for me.

  • Cat159 replied to the topic SMSF Borrowing to invest in Property in the forum Legal & Accounting 15 years, 5 months ago

    Hi Try this link – yes you can borrow to purchase property within your SMSF. Yes I work for Macquarie and NO it isn't a product plug, but to give you an idea on what are the products available to allow you to purchase property via your SMSF. I'm pretty sure most banks offer this type of product so its worth hunting…[Read more]

  • Cat159 replied to the topic Property Transfer advice in the forum Help Needed! 15 years, 5 months ago

    Hi – I helped my sister out by purchasing a house under my name for her to live in (although she had the deposit and all fees covered, she had a default and the banks would not lend) I also went with ING, currently we are in the process of transferring the house to her name and she will be liable for the standard costs such as legals, stamp duty…[Read more]

  • Cat159 replied to the topic NEW FHOG in the forum Help Needed! 15 years, 5 months ago

    HiThis might my ignorance talking, but I thought that you would still qualify for the FHOG even if you have an investment property, as long as you have never lived in it????CheersCat

  • Cat159 replied to the topic Finance for Self Managed Super Fund (SMSF) in the forum Finance 15 years, 6 months ago

    Try any of the banks – Macquarie has a product called property lever

  • Cat159 replied to the topic Offsetting losses in the forum Help Needed! 15 years, 6 months ago

    Joint tenancy. But i double checked with my accountant and it is def okay for me to have 100% of the repairs and maintenance. We have to split the income and interest as per our 50/50 split.

  • Cat159 replied to the topic Offsetting losses in the forum Help Needed! 15 years, 6 months ago

    HiOur properties are all 50/50 and although we have to split the interest and income 50/50, my accountant does allocate the repairs and maintenance plus a few other expenses solely to my income (me being an employee who can't reduce my income substantially whilst he is self employed). It may be worth checking with an accountant as to what…[Read more]

  • Cat159 replied to the topic Bank goes bust in the forum Legal & Accounting 15 years, 6 months ago

    Hi In the event of a bank being unable to meet its obligations, as an Authorised Deposit-taking Institution it is a requirement of Section 13A of the Banking Act 1959 that all Australian assets are to be made available for the repayment of bank deposits in priority to all other liabilities. This requirement overrides any other securities or…[Read more]

  • Cat159 replied to the topic Painting Advice Needed from Seasoned Renovators Please! in the forum Value Adding 15 years, 7 months ago

    HiWe have just renovated a QLD'r – being that my other half is a plasterer by trade, he has kept at least one wall as VJ's in each room and gyprocked the rest creating a mix of old and new. (It actually looks quite good). Vj's are alot of work, so at the end of the day it is up to you which route you want to choose, but to bring them up to scratch…[Read more]

  • I guess it all boils down to your intentions at the time of purchase, although I would speak to an accountant. Because although this sounds like a great idea to save you some stamp duty, if the ATO doesn't believe you  and if they ever audit you, you could fork out more than what you may have saved via CGT concessions and stamp duty premiums.I…[Read more]

  • Cat159 replied to the topic Where can I buy flat pack kitchen ? (like ikea but better) in the forum Value Adding 15 years, 9 months ago

    Hi Get out the yellow pages and look for cabinet makers – if you know what size your cabinets are going to be (get the bunning flat pack catalogue and it will have all of the sizes in there). Then give the cabinet maker the sizes of the cabinets req'd and they can cut out a flat pack for you. I do this all of the time. For example Bunnings wanted…[Read more]

  • Cat159 replied to the topic Manage my property from another state in the forum General Property 15 years, 10 months ago

    HiWith my properties whether they are interstate or not I usually use a local property manager to that area, and keep in regular email or phone contact with them to make sure all is okay. Although I'm not sure why you req'd 2 property managers in different states to manage this property, it would just create twice the headache for you. I would…[Read more]

  • Cat159 replied to the topic CGT payable if my net income is in tax free threshold? in the forum Legal & Accounting 15 years, 11 months ago

    You will qualify for the 50% discount if you have owned the property for 12 + months – taking your  assessable income for the property to $150K. You will then have to add it on to any other income you have earnt  for the year (which will def take you over the $6K threshold)and pay tax accordingly – this years rate for $150,001 is $52,200 tax pa…[Read more]

  • Cat159 replied to the topic Problem with settlement – help needed in the forum Help Needed! 16 years ago

    Look up the Residential Tenancies Site: http://www.rta.qld.gov.au/giving_the_correct_notice.cfm

  • Cat159 replied to the topic Will insurance companies pay up for landlords insurance in the forum Help Needed! 16 years ago

    You should read the policy document and look under what circumstances the insurance will cover rent payments.

  • Cat159 replied to the topic Confused with settlement. NEED HELP in the forum Legal & Accounting 16 years ago

    In all purchases I have made, the solicitor/conveyancer has paid the stamp duty on my behalf and had the docs stamped.

  • Cat159 replied to the topic how much did you spend renovating your bathroom? in the forum Value Adding 16 years ago

    I have just bought 2 full bathrooms for $3800, this includes double vanities with granite benchtops, toilets, baths, all tapware and fittings and tiles plus the materials to install. I purchased most of these items from a builders clearance centre, where they sell for 10% – 20% over the cost price. Labour isn't included as my partner will be…[Read more]

  • Cat159 replied to the topic Bathroom reno for a 1 bedder apartment in the forum Hi
    I have purchased 2
    16 years ago

    HiI have purchased 2 complete bathrooms incl vanity's (double sinks granite benchtops), toilets, tiles, baths, fittings, tapware etc etc and it cost about $3800. I went to a builders clearance centre – they sell new items that are overstocked from retail shops and sell for about 10% – 20% over cost price. The tiles I shopped for from a disco…[Read more]

  • Cat159 replied to the topic Self Managed Super & Property in the forum Just a note for everyone who 16 years, 2 months ago

    Just a note for everyone who accesses this link that this flyer was developed for FINANCIAL PLANNERS (refer the disclaimer) and is not intended to be financial advice. So see a planner before you act on anything.

  • Load More

Cat159

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
158,198

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!