PropertyInvesting.com | crj | Activity https://www.propertyinvesting.com/members/crj/activity/ Activity feed for crj. Wed, 15 Apr 2026 17:39:06 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3e51450420ecc4cf2ed834c69bcb3d54 crj replied to the topic Sheriff sales in the forum Help Needed! https://www.propertyinvesting.com/topic/5072071-sheriff-sales/#post-5072113 Fri, 14 May 2021 02:52:25 +0000 I think your issue in Australia would be that unlike a sale for unpaid rates, any sale by the sheriff would still be subject to registered mortgages on the title.

]]> 914772336acef3dc196221d79aa3fa45 crj replied to the topic Is initial repair fees tax refundable? in the forum Help Needed! https://www.propertyinvesting.com/topic/5068754-is-initial-repair-fees-tax-refundable/#post-5068755 Sat, 10 Oct 2020 08:09:46 +0000 Cannot claim as a deduction might be capital works or depreciation. Talk to your accountabt

]]> 95fd2aee4748bafe2452120795bcc3c3 crj replied to the topic Selling 12% plus Property in the forum Buy, Swap & Sell https://www.propertyinvesting.com/topic/5046703-selling-12-plus-property/#post-5046727 Thu, 07 Jun 2018 05:21:26 +0000 You don’t need to convince me about the benefits of multiple occupancies on one title. I can buy multiple occupancy in a major regional city on a gross yield of 10.6%, with a net of around 7.5%. Much lower risk. I was just stating what kind of gross return I would want if I were to take on the risk of a small western nsw town dependent on…[Read more]

]]> 085d8b0c79980366ed73a84670c11ab8 crj replied to the topic Selling 12% plus Property in the forum Buy, Swap & Sell https://www.propertyinvesting.com/topic/5046703-selling-12-plus-property/#post-5046717 Wed, 06 Jun 2018 11:14:19 +0000 Seems a bit overpriced. 3.1% costs = 11,000 approx. If poor rural season and say half vacant the gross rent would be less than $24,000 – take away 11,000 costs, net return 3.8%

Maybe gross return of 15% based on the average annual rental received over the last3 years would be closer. If the properties had been fully let without vacancy this…[Read more]

]]> 653577853a667e77f3739b958baac146 crj replied to the topic Live in a great investment that was our first home. in the forum Help Needed! https://www.propertyinvesting.com/topic/5042031-live-in-a-great-investment-that-was-our-first-home/#post-5042045 Tue, 09 Jan 2018 00:49:30 +0000 Suggest you start with a good mortgage broker to see whether this is feasible. Give them as much information as possible.

Think outside the box. May be you might be better to buy and lease out for a year. i understand stamp duty on conveyancing in the ACT is tax deductible on IPs because it is actually transferring the lease.

]]> 6ddfc957e02700fc87e73ff9a96a91ed crj replied to the topic Strata Titling a Block of Units... in the forum Creative Investing https://www.propertyinvesting.com/topic/5040822-strata-titling-a-block-of-units/#post-5040832 Sun, 22 Oct 2017 06:17:06 +0000 Complying with fire regs. You will need fire separation between the flats including in the roof space. Suggest you get a competent building certifier to inspect and say what the regs require.

]]> 4e4d4a9f8c326d5420e207be91a0c31f crj replied to the topic Question regarding to PPOR and CGT in the forum Finance https://www.propertyinvesting.com/topic/5040787-question-regarding-to-ppor-and-cgt/#post-5040792 Thu, 19 Oct 2017 02:31:50 +0000 1. Deliberately lying on loan application ie saying there is/will be income (rent) that there won’t be. Obtaining money under false pretences.
2 & 3 No effect from CGT or Land Tax

]]> 566b9a95e3a2034aaf8a71160c25fd50 crj replied to the topic Some more sharing from the weekend class in the forum Help Needed! https://www.propertyinvesting.com/topic/5039848-some-more-sharing-from-the-weekend-class/#post-5040388 Tue, 03 Oct 2017 21:27:32 +0000 Try and find some people who signed up for the $28k and ask them for their experience. It would be good if you could find some people who have not been recommended by the company.

]]> 441c0501a813ed60e299b5487465c0c6 crj replied to the topic Final round sharing -- cash flow is the king in the forum Help Needed! https://www.propertyinvesting.com/topic/5040027-final-round-sharing-cash-flow-is-the-king/#post-5040387 Tue, 03 Oct 2017 21:22:15 +0000 Steve, thank you for taking the time to describe your weekend to us.

May I suggest you do some due diligence first. One of your posts suggested wedon’t ask for advice. You could post on this forum or another forum asking for people to recommend newzealand buying agents, accountants, lawyers etc.

Second, if you are tax resident inAustralia…[Read more]

]]> edb6709242123e8ac16a13148a426275 crj replied to the topic Major capital improvement, new cost base and CGT calculation? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5039218-major-capital-improvement-new-cost-base-and-cgt-calculation/#post-5039240 Thu, 07 Sep 2017 07:53:27 +0000 You have not acquired the original property before 20/09/1985 which is what your link refers to. Do what TerryW says.

]]> 97dfa6a699fe882a6e3244e8a25d8261 crj replied to the topic Land Dispute with Developer in the forum Help Needed! https://www.propertyinvesting.com/topic/5034360-land-dispute-with-developer/#post-5034392 Wed, 29 Mar 2017 04:46:29 +0000 You could easily end up $30,000 out of pocket. Why was the land on that side excavated? Was there a pollution issue etc?

]]> f38c2a358539787a9ded5d3d8dec2c76 crj replied to the topic Land Dispute with Developer in the forum Help Needed! https://www.propertyinvesting.com/topic/5034360-land-dispute-with-developer/#post-5034371 Tue, 28 Mar 2017 09:32:48 +0000 If the developer will buy the land back and pay back the settlement fees that sounds like a pretty good deal. This would seem to be a defect in quality rather than in the Vendor’s title and whether you would be successful might be questionable. Your best chance might be if Australian consumer law applies. Also should the Council have consented…[Read more]

]]> f8d84cfd73310549952e18441c4bea20 crj replied to the topic Is this "Fake News", or just a reporter with a crook calculator? in the forum Opinionated! https://www.propertyinvesting.com/topic/5034149-is-this-fake-news-or-just-a-reporter-with-a-crook-calculator/#post-5034197 Sun, 19 Mar 2017 05:48:17 +0000 From memory, the unemployment rate is based on people looking for work, not simply jobs. Jan/Feb would have more people looking for work – finishing uni, school, etc etc. Also from memory ABS doesn’t count you as unemployed if you are working minimum 1 hr per week.

]]> 7e5bc058ed6adfa5919e06c3518526d0 crj replied to the topic Bushfire Prone Areas & Mines in the forum Help Needed! https://www.propertyinvesting.com/topic/5033163-bushfire-prone-areas-mines/#post-5033175 Wed, 22 Feb 2017 10:36:14 +0000 Mining could result in subsidence. You would need to see what effectthst would have on development

]]> b433555ce58021a2134cc2474efbc919 crj replied to the topic HELP! Caught in negative gearing and refinancing strategy/trap in the forum Help Needed! https://www.propertyinvesting.com/topic/5032877-help-caught-in-negative-gearing-and-refinancing-strategytrap/#post-5032892 Thu, 09 Feb 2017 09:37:18 +0000 You haven’t given any time frames showing when your father needs to settle or what he needs to make it happen. What does he need? Does he need to find say $280,000 plus to get 20% equity in properties 3 and 4.

a. can you or someone else lend it to him;
b. can he onsell any of properties 2, 3 and 4
c. can he sell his house and/or property 1 to…[Read more]

]]> baa7a02721a2aa5083132ba6825df3cb crj replied to the topic HELP! Caught in negative gearing and refinancing strategy/trap in the forum Help Needed! https://www.propertyinvesting.com/topic/5032877-help-caught-in-negative-gearing-and-refinancing-strategytrap/#post-5032892 Thu, 09 Feb 2017 09:37:18 +0000 You haven’t given any time frames showing when your father needs to settle. What does he need? Does he need to find say $280,000 plus to get 20% equity in properties 3 and 4.

a.

]]> cbd4fc9f792a29e24f3158b48a3854c6 crj replied to the topic tenant hasnt paid last two gas bills - what to do? in the forum Help Needed! https://www.propertyinvesting.com/topic/5032752-tenant-hasnt-paid-last-two-gas-bills-what-to-do/#post-5032764 Sat, 04 Feb 2017 22:31:51 +0000 What does your lease say about how the payment for gas by the tenant is calculated

]]> 1aad82daaff6a2e1ca66c9aa5f116b55 crj replied to the topic tenant hasnt paid last two gas bills - what to do? in the forum Help Needed! https://www.propertyinvesting.com/topic/5032752-tenant-hasnt-paid-last-two-gas-bills-what-to-do/#post-5032760 Sat, 04 Feb 2017 09:59:06 +0000 what state check ehether you can pass it on if the flat is not separately metered

]]> 19dbc38eacf391ef10114bb35ba7c7a2 crj replied to the topic Dominique Grubisa and Vestey Trust Structures in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5029998-dominique-grubisa-and-vestey-trust-structures/#post-5030014 Tue, 27 Sep 2016 08:08:43 +0000 read the rise and fall of the house of vestey by phillip knightley

from memory vesteys were able tokeep moneyoverseas in acomplex trust setup hard to seehow this could work in australia with an australian resident trust as ato taxes trust on the undistributed income

has she got a ruling from the ato and senior counsel’s opinion

]]> 1e325ff49041e1fa15aae17d599db7db crj replied to the topic Dominique Grubisa and Vestey Trust Structures in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5029998-dominique-grubisa-and-vestey-trust-structures/#post-5030014 Tue, 27 Sep 2016 08:08:43 +0000 read the rise and fall of the house of vestey by phillip knightley

]]> c1d00912badf62e2d18c8e3d19a329f5 crj replied to the topic Special Levy.. Best Solution For Me in the forum General Property https://www.propertyinvesting.com/topic/5028503-special-levy-best-solution-for-me/#post-5028832 Sun, 14 Aug 2016 04:55:43 +0000 the deductibility of a special levy might vary for each owner eg if you had purchased the unit last month it would probably be an initial repair
is this a problem the building had when you purchased even if it wasn’t known
is what the levy is doing a repair or an improvement as defined by the case law

is you moving into the second property…[Read more]

]]> 6b42aa3dc894c3a25cc24a2b4a8cee48 crj replied to the topic Selling property with tenants that wont leave in the forum Help Needed! https://www.propertyinvesting.com/topic/5019881-selling-property-with-tenants-that-wont-leave/#post-5019905 Sat, 06 Feb 2016 20:51:49 +0000 If they still have 10 months to go then you are unlikely to be able to increase the rent.

]]> 0e9ba067b4f5cf36ac23da21882bbcbd crj replied to the topic Change of Main Residence - clarification required for CGT Exemption & 6 yr rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5018947-change-of-main-residence-clarification-required-for-cgt-exemption-6-yr-rule/#post-5018970 Tue, 12 Jan 2016 11:41:30 +0000 You couldinthis case add to the cost base of your Brisbane property expenses relating to that property that you have not claimed as deductions eg interest, rates, insurance

]]> 4e2079791e9d8e049d3ea274d89b55c8 crj replied to the topic IP with a pool in the forum Help Needed! https://www.propertyinvesting.com/topic/5016676-ip-with-a-pool/#post-5017012 Mon, 30 Nov 2015 09:05:14 +0000 True, but if you get a tenant who wants a pool, they want a pool. We rented our PPOR with a pool to tenants who wanted a house with a pool. 7th anniversary of them being in house comes up next week.

]]> 92b72859fcff56e0bf23722076e944e2 crj replied to the topic Help!!!!! in the forum Creative Investing https://www.propertyinvesting.com/topic/5015514-help-45/#post-5016981 Sun, 29 Nov 2015 11:16:38 +0000 they might need to sell both together to get the capital gains exemption on yhe vacant block if the house is their PPOR

]]> 44024be7d5756ec7747fdc7c583645c3 crj replied to the topic IP with a pool in the forum Help Needed! https://www.propertyinvesting.com/topic/5016676-ip-with-a-pool/#post-5016690 Sun, 22 Nov 2015 05:00:16 +0000 You might be better to build the cost of maintaining the pool into the rent

]]> 1c1e8f07c6e77544e2835485f1e694aa crj replied to the topic Working out BASE COST for CGT after Renovations in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5015471-working-out-base-cost-for-cgt-after-renovations/#post-5015480 Tue, 03 Nov 2015 10:53:04 +0000 You need to get a value when the ex Ppor became income producing. That’s your new cost base. So that becomes your cost plus acquisition costs – legals, stamp duty plus selling costs.

]]> 73a5e0c9ede666ac4a13ec4b0e3c7b03 crj replied to the topic Working out BASE COST for CGT after Renovations in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5015471-working-out-base-cost-for-cgt-after-renovations/#post-5015480 Tue, 03 Nov 2015 10:53:04 +0000 You need to get a value when the ex Ppor became income producing. That’s your new cost base.

]]> e1b6851121df77ac16d82633ecc8fe95 crj replied to the topic Build home on parent's empty block but cannot afford land AND build. Options? in the forum Help Needed! https://www.propertyinvesting.com/topic/5014438-build-home-on-parents-empty-block-but-cannot-afford-land-and-build-options/#post-5015165 Wed, 28 Oct 2015 08:10:42 +0000 There might be a CGT issue or a GST issue for your Dad. Doing things on the cheap can be very expensive.

]]> 811f5825f10812cf138ae7098e39d87e crj replied to the topic Mining Town Woes in the forum General Property https://www.propertyinvesting.com/topic/5014841-mining-town-woes/#post-5014849 Tue, 20 Oct 2015 06:51:20 +0000 Should you hold? consider the future of the particular mineral, workforce requirements, is there an excess or deficiency of housing. Reserves of mineral etc etc. Is thereanything elseabout the town?

I’ve got an industrial investment in a mining town. Value has probably gone down 20% in last 3 or 4 years. On the other hand it’s still worth…[Read more]

]]> c8e7b76184b24645aa0f7c068d2b7e9b crj replied to the topic starting a company ?? in the forum Finance https://www.propertyinvesting.com/topic/5014194-starting-a-company-4/#post-5014195 Mon, 05 Oct 2015 10:23:51 +0000 You will be guaranteeing the bank that the loan will be repaid. Maybe this means you will put up other property as security too. You are building to develop and onsell, no capital gains tax as you are doing this as a business. Get some good advice on GST too.

]]> 6e1c94c289ab5dfa13e24ef9c91133c5 crj replied to the topic CGT on land ( my only property ) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5013882-cgt-on-land-my-only-property/#post-5014089 Thu, 01 Oct 2015 10:54:12 +0000 I hope the Obeid family was able to be advised about this.

]]> 7ea39e39201b3da580adc33cc2c750c3 crj replied to the topic Bridging Loan Fiasco!!! (Nightmare on Banking Elm Street!) in the forum Finance https://www.propertyinvesting.com/topic/5013925-bridging-loan-fiasco-nightmare-on-banking-elm-street/#post-5014002 Tue, 29 Sep 2015 14:44:27 +0000 Just remember holding on for a particular price has a cost too and at the moment as the price your half wants isn’t being offered it is unlikely the house is worth that much now.

]]> 3abc4e5b6f814aed52beac5eebec28d4 crj replied to the topic CGT on land ( my only property ) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5013882-cgt-on-land-my-only-property/#post-5014001 Tue, 29 Sep 2015 14:39:38 +0000 No. Roll-over events in Australia would not cover that.

]]> 4721fdb7194258c25621b44dbe7d24f6 crj replied to the topic CGT on land ( my only property ) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5013882-cgt-on-land-my-only-property/#post-5013989 Tue, 29 Sep 2015 11:19:11 +0000 Be careful what you believe https://www.ato.gov.au/General/Capital-gains-tax/In-detail/Real-estate/Treating-land-as-your-main-residence/

]]> dff32f1a5561627405b2f5b0c02de26d crj replied to the topic Bridging Loan Fiasco!!! (Nightmare on Banking Elm Street!) in the forum Finance https://www.propertyinvesting.com/topic/5013925-bridging-loan-fiasco-nightmare-on-banking-elm-street/#post-5013951 Mon, 28 Sep 2015 20:06:41 +0000 It’s OK to be fussy when someone is spending several hundred thousand dollars. Your other half bought a house to live in without the means to pay for it except by selling another property. That does not fit my definition of investing in property.

If you posted a link to the ad someone might have other suggestions.

]]> e5b41c0aa1732e62be9924bc17ca7e41 crj replied to the topic Bridging Loan Fiasco!!! (Nightmare on Banking Elm Street!) in the forum Finance https://www.propertyinvesting.com/topic/5013925-bridging-loan-fiasco-nightmare-on-banking-elm-street/#post-5013948 Mon, 28 Sep 2015 12:13:10 +0000 why hasn’t the house sold in 12 months? Has it even been listed? Were any offers made? Why the problem with the banker? Seems to me the problem is your half borrowed money without income and then has not done what the bank was told would happen, ie sell the first house. Talk about a sense of entitlement, the hide of the bank to assume borrowers…[Read more]

]]> 1fc265f7c70dd3b4ad5b4e02c7326b1d crj replied to the topic CGT on land ( my only property ) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5013882-cgt-on-land-my-only-property/#post-5013885 Sun, 27 Sep 2015 09:11:17 +0000 any expenses such as rates, insurance, interest, mowing etc that have not been claimed as tax deductible can be added to the cost base

]]> 0685125971d6b4ff2e76c5a581008bb5 crj replied to the topic Legal Obligation to Provide Contract? in the forum Help Needed! https://www.propertyinvesting.com/topic/5013140-legal-obligation-to-provide-contract/#post-5013150 Sat, 12 Sep 2015 23:22:49 +0000 Each state has different laws. Your friend should instruct agood qld solicitor imediately. There are a couple who have regular articles in API.

]]> 3f087102679fb998c17525d92cc95362 crj replied to the topic Really need help , our bank has just screwed us over and we dont know what to do in the forum Finance https://www.propertyinvesting.com/topic/5012644-really-need-help-our-bank-has-just-screwed-us-over-and-we-dont-know-what-to-do/#post-5012651 Mon, 31 Aug 2015 10:15:28 +0000 You are still not being very clear. Is your bank lending you enough so that you can settle the purchase? Is the personal loan so that after settlement you can renovate the second building?

If so, settle and scrounge the other $50,000 a different way eg in Port Macquarie a few years ago one of the credit unions would give an unsecured personal…[Read more]

]]> 4299bc14e943f1fe702a53cd11db9799 crj replied to the topic Tell me I am investing wrong in the forum Help Needed! https://www.propertyinvesting.com/topic/5011471-tell-me-i-am-investing-wrong/#post-5011547 Tue, 11 Aug 2015 10:42:46 +0000 Hi vyaw2003 great stuff. Tongue in cheek there area number of things you are doing wrong:
1. Your investments are making money. How can you goto adinner partyinSydney and bragabout your negativegearing. I was in thesame situatioafew yearsback. a rundown property – spruced up tenanted 25% return on purchase price. Everybodysays I’m crazy who…[Read more]

]]> dbcf149751d40e474878d067385a22fb crj replied to the topic Sub division/ which house to sell? in the forum Help Needed! https://www.propertyinvesting.com/topic/5011301-sub-division-which-house-to-sell/#post-5011407 Sat, 08 Aug 2015 00:40:41 +0000 Why can your Dad sell the front house in 6 years and avoid CGT? You said your oarents bought the property in 1986 after CGT was introduced and difn’t move into the front house until June 2015. Bear in mind that if your parents a on a oension or wanting to get one that gifts they make will affect their eligibility fir a pension.

]]> fc29e380dc388460029deda6afe32b7e crj replied to the topic Peace of mind - or number crunching in the forum Help Needed! https://www.propertyinvesting.com/topic/5010958-peace-of-mind-or-number-crunching/#post-5010963 Fri, 31 Jul 2015 09:04:29 +0000 Your method is working for you. You need to do what helps you sleep at night.

Read this http://lifetruthordare.com/american-businessman-and-mexican-fisherman/

It seems to me you have got something that gives you contentment/happiness – a young family and your dream home. If you can keep that then you’ve got what you want.

Good luck

]]> 39504bfa60a9e9b1f566e35a5c60785e crj replied to the topic capital gains on PPOR turned rental in the forum Help Needed! https://www.propertyinvesting.com/topic/5010580-capital-gains-on-ppor-turned-rental/#post-5010646 Wed, 22 Jul 2015 11:31:50 +0000 You can only have one PPOR at a time. However, if the first property means so much to you that you want to try and keep it, then although you buy and move into the second property, you can still nominate the first property as your PPOR. To minimise capital gains on your second property you can include in its cost base items that you are not able…[Read more]

]]> 80cfce24033d537df8c6bbf47e55b018 crj replied to the topic capital gains on PPOR turned rental in the forum Help Needed! https://www.propertyinvesting.com/topic/5010580-capital-gains-on-ppor-turned-rental/#post-5010609 Tue, 21 Jul 2015 09:03:48 +0000 How have you used redraw, eg if you deposited your salary and then withdrew to pay expenses you might have very little of the loan that the interest would be tax deductible on, as most of the current loan would have been contaminated by redraawing for other purposes than earning assessableincome.

So as a corollary you cannot make more of your…[Read more]

]]> ce4ac2ff8ffa11bfe7bef9592b4e3f50 crj replied to the topic Costs related to commercial property partner buyout in the forum Help Needed! https://www.propertyinvesting.com/topic/5010274-costs-related-to-commercial-property-partner-buyout/#post-5010290 Mon, 13 Jul 2015 11:03:01 +0000 do they hold 50% each directly or through a structure such as a trust or a company? the transfer would be a capital gains event, stamp duty would normally be payable, how us any depreciated plant to be treated, is the asset an active business asset for capital gains tax.

]]> 3baefe26aad5fed87c5629d14f0f1912 crj replied to the topic Help needed with cracking and movement to IP in the forum Help Needed! https://www.propertyinvesting.com/topic/5010065-help-needed-with-cracking-and-movement-to-ip/#post-5010072 Fri, 03 Jul 2015 08:27:52 +0000 Look at your insurance, but unfortunately subsidence and movement except as a result of earthquake is not normally covered by insurance. Depending on the age of the building it might be s claim against the builder.

]]> 2953663396b146d29e908a1ec52950e8 crj replied to the topic Sold my investment property - Are these selling costs tax deductible? in the forum Help Needed! https://www.propertyinvesting.com/topic/5009430-sold-my-investment-property-are-these-selling-costs-tax-deductible/#post-5009497 Thu, 25 Jun 2015 09:10:57 +0000 fees on discharge of mortgage will be tax deductible on income

]]> 83222287e2c9f132dc28f134bdb9898a crj replied to the topic Moree in the forum Help Needed! https://www.propertyinvesting.com/topic/5009176-moree/#post-5009220 Mon, 22 Jun 2015 13:00:17 +0000 http://moreegolfclub.com.au/2012/02/06/floods-again/

http://www.ses.nsw.gov.au/content/documents/pdf/floodsafe/42156/Moree_Residential.pdf

population likely to decline

]]> b3640b31eaba37c7ecbf4ea987da1eb6 crj replied to the topic Paying down IP loan in the forum Finance https://www.propertyinvesting.com/topic/5008818-paying-down-ip-loan/#post-5008819 Wed, 17 Jun 2015 11:37:35 +0000 You can redraw, but the interest on the amount redrawn will not be tax deductible and any repayments of principal will go both to the investment portion of the loan and the amount redrawn for the car.

]]>