Hi all

Terryw – why do you always recommend a hybrid trust rather than a discretionery trust ?

They are cheaper approx $600.00 and simpler.

Celeste

Hi all

I had a go at selling my self in Perth, I made arrangements with the settlement agent I use to hold any deposit. No extra charge as the REA send them the deposit for settlement anyway.

If you are in the states that use solicitors, I guess you could make the same arrangement with the one that will do or has done the sale contract. I would…[Read more]

Hi Kuade

Try this:

You add up all the expenses (interest / rate /managements fees / insurance etc) that relate to your IP and subtract it from the IP’s income (rent) and then add / subtract the final amount from your other income, that then becomes your taxable amount for income tax purposes. ATO web site has a booklet you can down load with…[Read more]

Hi Dee Dee

Nope its inland.

I made an offer and it was accepted, I have the bank crunching no.s at this mo. predictions for this area is double digit growth – excellant.

Now I have stock to keep me reno’ing until june next year.

Mega retail therapy!

Celeste

Hi dumadiscount

are you setting up a Company as the Trustee of the trust?

My trust ( no company) was set up in may 06 and has
” the children” of me and my hubby as Primary Beneficiaries.

Were just general beneficiaries.

Your Accountant will go throught who, what ,where when you set it up.

Celeste

Hi Dr X

I am so glad they are OK.

After my husband died in 91 at the age of 36, I now believe more than ever that more time with lived ones makes one wealthier than lots of money.

Celeste

Hi ctaing

I am talking Perth – supposed to be a land shortage – tho looking on this shires development plan there is a heap still in planning stage yet to be developed.

Celeste

Hi mrehrnholm

Someone on this site had some for sale in camberfield have a look around the treads for the last 3 weeks about &75000.00 if I remember rightly.

Celeste

Hi Property WA

I rang the bro in law, he used Mr Thatch – he said happy with Gazebo but he is unorganised.

Apparently there are a few companies advertising at homebase wembly.

Other wise on Hepburn ave near cnr of Wanneroo rd ? suburb woodvale? there is one where you can buy a Kit for a 3m X 3m for $3500.00 – he thinks its called Mr Bali – you…[Read more]

Hi Pete

Have you had a quiet word with the other 2 owners or do the 2 you speak of own all the other 4 units.??

I am at a loss to why, all my properties at the moment are strata set ups, I could understand if they plan to do a major upgrade.

Maybe and this is just my suspicious mind, if they own the other properties, could they be getting other…[Read more]

Hi Property WA

My sister in law had a bali style. round with reed roof installes approx. $5000.00. Is that what you are after?

If so I will ring her and see where she got it.

Celeste

Hi all

I rang 1 when I had a property for sale, they didn’t even ring me back to say they had no one on the books looking for my type of property..

Not impressed. if they had, I may have rang them for my next – I didn’t. They may be more polite to buyers tho.

If they don’t have seller? I guess they check the real estate agents like we do.

My…[Read more]

Hi Pete

I noticed you are in great brittian, where is your property?

Find the relevant Gov’t legislation etc on strata’s and read them, get info on the managers responsibilities and your rights, how the councils work etc. In other words find out exactly what should be happening and how. – should be on the net somewhere.

You should have been…[Read more]

Hi all

Armadale boomed months ago, some properties tripled in price.

Just goes to show you, you need to do your own research as most info printed is old news.

Celeste

Hi Jaffasoft & Terryw

To Jaffasoft

I am not doing the whole course, just the modules I can do from home. I am pretty sure I can do settlements without the course, just wanted to check if there is anything they do that I am unaware of. I can go back and finish the course to get my licence, down side you need 2 years experience in a settlement…[Read more]

Hi property wa

I just down loaded a few spread sheets etc from the site – search the threads, It was a thread for these types othings and it was in the last few days

http://www.somersoft.com.au

if you can not find them drop me aline and I will send you a copy.

Celeste

Hi Rowan

I car park will add value – garage better the amount I do not know.

Ask a few REA in those areas, check sales in those area’s compare no carpark / car partk sale prices.

Try the real Estate institute site, or ask a friendly REA for them.

Celeste

Hi Jaffasoft

Add 3 bedrooms and it looks like my iIP in mandurah.

I just enrolled in TAFE, my course is conveyancy. I can do 5 of the modules off campus at home (they seem to be the ones on all the doc’d and procedures). Should be enough for me to do my own settlements. I can go and finish the course at a later date to get a licence. ( I need 2…[Read more]

Hi La

Just thought of something else for you. I recently dropped into a conveyance firm re subdividing, just general questions on cost etc.

He told me in relation to a straight forward subdivision the following:

1. For his fee budget approx. $7000.00 – for all the paper work and surveys etc.(from start to approval – paper work side)

2. Head…[Read more]

Hi La

search the web for a copy of the “R-Codes western australia”
(residential building codes for WA). It will give you all the info on zoning and block sizes etc. It will give you a start.

I down loaded it ages ago, can not remember where, if you have problems email me and I will send you a copy.

Also, most of the shires have web sites with…[Read more]