duckster replied to the topic Help with Student apartment finance in the forum Finance 15 years, 1 month ago
check out this sitehttp://www.firmfinance.com.au/Was originally advertised in Herald Sun
duckster replied to the topic Investors Ruined Australia in the forum General Property 15 years, 1 month ago
The rental market is a supply and demand situation. If supply is less than demand the rent price increases.So if investors were buying lots of properties and then trying to rent them out there would be an over supply of rental properties on the market and the rent charged would decrease.The increase in rent has been caused by an increase in house…[Read more]
duckster replied to the topic Tips On Saving For Your First Home Deposit Faster in the forum General Property 15 years, 1 month ago
Do not buy stuff that depreciates in value. Examples :- nice new car , nice 3d Tv, Nice new computer.Take money out of the bank account your wage goes into and transfer it into a power saver account at higher interest rate.If you do not have easy access to the power saver account as some of them are only accessable online you won't be tempted to…[Read more]
duckster replied to the topic Selling after a divorce in the forum Legal & Accounting 15 years, 1 month ago
i am wondering if i should just pay the stamp duty on her half to get her name off the title From a legal aid document on the internetIf you have a court order to transfer half the ownership you could be exempt from NSW stamp dutyhttp://www.legalaid.nsw.gov.au/asp/index.asp?pgid=515It talks about an application for consent order (form 11) from…[Read more]
duckster replied to the topic had a stroke need to sell in the forum If you are not too worried 15 years, 1 month ago
If you are not too worried about selling at a lower price then if you put the words "Motivated Seller" or "Must Sell due to ill Health" in your internet advertisement you will attract investors. This is because those words end up in the search engines on the internet and when an investor is searching for a motivated seller they will search for…[Read more]
duckster replied to the topic Help, I still have my L plates on! in the forum Roz70 wrote:
Hi all,
New to 15 years, 1 month agoRoz70 wrote:
Hi all,New to this forum and would really love some good advice on how to set up our loans. We have 3 properties all cross collateralised, which I now realise is not ideal! We love investing and want to continue in a much bigger way. Our current loans are as follows, PPOR $25,000 last bank valuation $500,000. IP 1 loan 230,000 las…[Read more]duckster replied to the topic Installing solar power to value add in the forum Value Adding 15 years, 1 month ago
A heat pump for hot water may be an optionhttp://www.dux.com.au/products.php?name=D2FH00000Cor a solar / electric hot water http://www.dux.com.au/products.php?name=D2F136W2AC
duckster replied to the topic When does a property require owners corporation? in the forum Help Needed! 15 years, 2 months ago
When you have shared property you need a body corporateseelink belowhttp://www.homeiown.com/strata-title-and-body-corporate/http://www.bodycorponline.com.au/body_corporate_facts.phpshared driveways'see What is common property?first line of paragraphhttp://www.acebodycorp.com.au/sa/what-is-a-body-corporate/
duckster replied to the topic IP Deductions ?? in the forum Legal & Accounting 15 years, 2 months ago
Terryw wrote:
Not stamp duty, or legals – they can only be claimed as capital expenses when you sell. Borrowing costs can be claimed over 5 years -this would include LMI and I think maybe registration of title and mortgage – not sure on these.http://www.ato.gov.au/individuals/content.asp?doc=/content/00113245.htm
duckster replied to the topic Advice on Tax Needed in the forum I am not an accountant so 15 years, 2 months ago
I am not an accountant so don't listen to me check the ATO web site links below .If you claim building write off depreciation it can be a large expense on paper.How do you get a depreciation report as advised by Dan ? Answer – you can employ a quantity surveyor who will work out a depreciation schedule that you can then hand to your…[Read more]
duckster replied to the topic Identifying Properties for Redevelopment in the forum Help Needed! 15 years, 2 months ago
Search for properties with land size 800m squared or greater 1000 m squared.Always check property found with local council before committing any further as I encountered a development ban in one area I was visiting as the area was already over developed.
duckster replied to the topic looking for loan, any loan. in the forum Help Needed! 15 years, 2 months ago
Qlds007 wrote:
Yes but they charge 16% per annum.Can be higher than this if credit rating is bad Interest rate versus credit risk
duckster replied to the topic Math Problem in the forum Help Needed! 15 years, 2 months ago
JacM wrote:
The "extra repayments" calculator indicates that a 25 year loan is cut to 13 years by making an extra payment of $1000 per month.If you look at the regular calculator (not making extra payments) you will see that at the year 13 mark, there is still an amount owing of $294,721.At this point you have 12 years of 6.54% p/a on…[Read more]
duckster replied to the topic Looking for Options in the forum Help Needed! 15 years, 2 months ago
You may find the services of a quantity surveyor may be useful to work out the full depreciation mentioned by Terry.
duckster replied to the topic looking for loan, any loan. in the forum Help Needed! 15 years, 2 months ago
www,igrin.com.auThis site lends in smaller amounts of $2000 – $5000 loans of higher value can be tried but chance of getting the funding low.http://lendinghub.com.au/This site does have larger loans processed through it These sites are a new concept called person to person lending and may be a way for you to gain a loan for the problem you have.
duckster replied to the topic The big one that got away in the forum General Property 15 years, 2 months ago
20 Years ago I was in Noosa QLD and I was walking past a real estate agents office when someone came out asking if I wanted to buy land at the back of Noosa on a man made water canal. Me in my stupid mind set was worried about the mowing of the lawn as I lived interstate in Victoria. I think they wanted $15,000 for it and I reckon it would be…[Read more]
duckster replied to the topic Financing $$$ Options for Shares in the forum Method of lay buying 15 years, 2 months ago
Method of lay buying shares http://www.atcbiz.com.au/journalarticles.php?new=r8fh4cm8u9&num=5https://www.rbsmorgans.com/download.cfm?DownloadFile=939DBBB7-D60D-540D-6808B2C4E8B62D2Cdepending on your time frame if ten years you could go endowment warrantshttp://www.switzer.com.au/your-money/investment-advice/share-trading/endowment-warrants/Not a…[Read more]
duckster replied to the topic Motivation for life partner ! in the forum Help Needed! 15 years, 2 months ago
You need to plan backwards. For exampleIn twenty years time we (you and life partner) want to earn as passive income $200,000 a year and based on a yield of 5% we would need to accumulate $4 million in property equity by twenty years time.$200,000 in twenty years is most likely be about $110,000 a year in today's figures using 3% inflation
duckster replied to the topic Update on my $8,500 house purchase needing renovations. in the forum Like the steel roof that was 15 years, 2 months ago
Like the steel roof that was a great way of fixing the broken tiles.
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