I thought I posted on this the other day ? where it went.

Anyway, there is a co. called ” Village life” that works the same, they are in every state. The have about 3 grades of accommodation with cleaning and 3 meals aday etc. The rent is approx. 2/3 of the age pension.

You can buy them for investment. I looked into them for my mum, I…[Read more]

I have a copy of the diding fence Act for WA. email me your email address and I will send a copy.

Tho I had a quick read and it appears notice etc should have been given B4 the fence was erected.

Celeste

I picked up some at auction and intend putting it thru my next 3 projects ( I buy,reno,sell), the 3rd is an apartment and I think it will be my wow factor. It’s easy to lay, you can float it same as the laminates. It is a hardwood not fake wood. It pre finished so no sanding and vanishing.

There are plenty of sites on the internet on how…[Read more]

GST only kicks in if you do a reno that constitutes “making it new”

My accountant made me aware of this when I started. He sent me some examples from the ato it is GSTR 2003/3

The renovation needs to be substanstial and needs to effect the building as a whole.

If you send me your email address I will send you a copy of…[Read more]

check with the council on rezoning (to higher density) within 5km of the train station.

I looked at dudley park last year, I think it worth a look, if you buy and hold. Lots for sale in mandurah should be able to neg down.

Speak to a REA in the area, there are good bits and bad.

Celeste

I recently had two seperate valuations done on my home. I have always referred to it as a 4 bedroom house – but both agents said that I could not call it a 4 bedroom home if it didn’t have a built in wardrobe.

They both completed my valuation as a 3 bedroom plus study !!

Even though my “study” was…[Read more]

have a look for the web site of your states dept of land.
Ours has booklets you can down load on how to.

Celeste

1. knock off the old tiles – hammer and old chisel, leave the floor tiles there. if floor is tiled
2. patch the wall so it is even.
3.by a water proofing kit from bunnings to seal the shower approx $70.00 follow the instructions. seal over floor tiles
4. re-tile

hint – remove waste and place rolled up cardboard in the hole to stop muck…[Read more]

Things to do B4 you look.

My current projects – pair of duplex’s I spotted in the paper, they were labelled srcuffy (try disgusting) anyway, I thought they were really cheap so hopped on the net checked all the ones for sale on 2 sites, check the council web site for new developments in the area and checked latest sales figures from…[Read more]

Post a photo and I will give you some suggestions.

Grab some paint colour phamplets and see if you can work out the colour and…[Read more]

Personally I do not like painted tiles.

but knights paints do it.

Have you thought about stripping all the paint off, then dig the grout out and change the colour, repaint – maybe add a border tile.

Rose pink is one of the new designer colours – have a look in Bunnings paint section at dulux’s little flip books. I was looking this…[Read more]

I am currently reno’ing a pair of duplexes, they have different settlement dates, one has settled, the other in a couple of weeks.(this settlement has been delayed because the tenant will not get out, so I have had to modify my plans a little)

My plan is
– to start one gut and prep.
– when the other settles gutt it ready for any…[Read more]

I use Mack & co. west perth, I have been a senior bookkeeper for 25yrs here and melb and they are one of only 2 I would recommend in Perth.

I have never been shocked by the bill – value for money and they offer advice B4 you ask. We have a family trust, a co., SMSF, IP’s,Share and now my little business. So lots for them to consider…[Read more]

I have assumed when a page won’t load (even though it is telling me it is loading) that there is some problem with the site.

Wylie

DITTO

Celeste[blink]

I would suggest , you would declare / claim from the time you took possession.

reason is, when you are buying a property the ATO deem that you have purchased from the date of an offer not settlement, doesn’t matter where the title is or who’s name it is in.

Celeste

I have been getting quotes for the same Oasis Patio’s is good used on my PPOR and a good price. 4×6 carport approx $2500.00

tho if rockingham area I have another – Trojan outdoor creations.

Celeste

How do they do it when there is a mortgage?

The bank has the title and that needs to br produced.

Celeste

Thanks, I only do it for the praise. L.O.L
[aacool]

Quote:
Originally posted by World Changer:
Hey guys!

and Good work Celeste,

have you done many reno’s before? 2nd one as a full time buy,reno,sell – tho reno’d a n old victorian in melb 1988 and my 1st hubby and I built own house 2000/2001 only thing we sublet out was bricks / elec…[Read more]

I just tracked her phone no. thru her email address, leaft a messabe to call me, will update post when I hear from her

Oh she works in booragoon so it will be in Perth.

Otherwise we could meet at the burrendah hotel (willetton) for a chat?

Celeste

I thought I had posted an update on the email address.

remove the . at the end, the email went thru but I have not had a response yet.

Celeste

Do the banks still do the portable loans that you can transfer from one property to another?

Celeste

I think you will find Steve did the odd buy,reno,sell for cahs flow and deposits etc.

Celeste

seems to be a problem with your email address

Celeste

I am in the process of doing a conveyancy course in Perth, there is no mention of community title in the dept of lands training manual, must be an eastern states thing – Martin Ayles did mention them in his seminar, that was…[Read more]

You could always do what I did, moved out when I was 18 and earing $180.00 p.w and that was pretty good then.

I rented a penhouse ( 4 bed, laundry,bath,2 garages) at $85.00pw
I rented out the other 3 rooms for a fixed amount p.w which included elec, groceries etc. to friends of course.

I worked the amount the other 3 paid so well I…[Read more]

Questions for you

1. how many apartments in the complex?
2. any other features ie pool / caretaker / security?
3. what are the strata fees?
4. I have never heard of 2 apartments on 1 title – was it 1 split in 2 or built like that?
5.brief description of complex & studio’s please

Celeste

Do you mean buy, reno, sell or hire yourself out to do renos?

I buy, reno, sell. have a buisness structure and draw wages. I do not have income protection but have been thinking I may need it – because instead of having one at a time, I now have 4.

Since I draw wages, I should be able to get insurance – as far as I am aware a self…[Read more]

Are there any specific advantages to community title?

Not that I know of – except , the up keep of the common areas ie: gardens, halls etc – the expense is shared by a monthly strata levy (which includes building insurance) – the larger apartment buildings have a regular caretaker.

Are there any specific disadvantages to…[Read more]

search the net for a copy of the “R-Codes” this has all the building requirements from minimium land size to window placements (if you cannot find it drop me a line and I will email you a copy) and check the building code of the property 1st ( most councils have this on the web site – look for zoning maps)

A lot of Perth is R20 ,…[Read more]

My 2c worth

NO investment, be it shares or property can be deemed to have made a profit – UNTIL you sell them / it , and the NET profit is in the bank. I know some will argue you can utilize the equity.

There is no real profit until you realise it.

Property and shares can decrease in price or increase. You need to have the right…[Read more]

Reminds me of Perth 3mths ago.

Anyway, my mum and dad lived there redcliffe 10yrs ago about 4 houses from the water – left hand side of bridge over from the main land.

They were told it is being reclaimed by the sea, because of the higher water levels caused by melting ice caps or something, they predicted 50yrs or so to be all…[Read more]

you apply thru your dept of planning – you need surveys and plans etc. – in short a conveyor.

Have a look on the dept’s web site – Perths site has the forms and info need.

Celeste

Sorry I keep forgetting about the neg gearing aspect of a discretionery trust.[blush2]

I will go back to sleep now.

Celeste

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

They are cheaper approx $600.00 and simpler.

Celeste

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]

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]

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

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

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

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

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

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]

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]