Hi Ryan,
Thanks for your reply. How do I find out who is a top performing agent and which are the 1st and 2nd best real estate businesses in the area?
I live interstate so don't have local knowledge which is why i asked for recommendations.
Regards
Cathy

Thanks Kate. I have contacted Prak and he has been very helpful.

Thanks Terry,
So if the income loss can not be offset against the capital gain and the property is sold the losses are still held in the trust? What can they be offset against?
I suppose by the last few sentences I meant that in the end will the individual beneficiaries get the benefit (by having at some stage less income to declare from the…[Read more]

Thanks for the advice Catalyst. The Real Estate agent said there would be no reserve he could be wrong or else maybe he will use vendor bids.
What are some of the ways you use to know the price it will sell for after a renovation?
Best Wishes
Cathy

Thank you v8ghia. I have had a look at the tool and it should be great as a starting guide.

Thank you. I’ll have a chat to a broker.

Thank you

Taking a simplified example suppose I earn $100,000 gross and the bank charges 8% interest and will allow me to pay 30% of my income as interest. Then it should lend me up to $375,000 (30% of $100,000 = $30,000 = 8% of $375,000).
If I then add a rental property earning $200 per week and the bank will take into consideration 75% of the…[Read more]

Thankyou Richard
The selling agent told me to expect the valuation to come in a little low as it was a new product so I was prepared for 5% lower but the actual valuation came in at 12.5% lower.
Cathy

Thankyou MosicLandscapes and Sandra for your advice. I’ll give the council a ring.
Cathy

Thanks PinkboyIn our case too they said the property they were offering us was the last available in that development.Thanks House Call. I have just finished reading Steve's books. All he says I agree with especially about negative gearing meaning you are certain to make a loss now for a possible gain later. I have been scouring the internet, the…[Read more]

Thankyou so much for all your comments. I live in Adelaide so not close enough to check out the site personally. I did not sign anything on the day. I guess I'm always hoping that the easy way will work out alright.Cathy