There is also a tax law that covers purposely avoiding tax and what you have proposed could be seen as a tax avoidance purpose.CGT would be on 25% as 50% discount would apply on capital gain as well as 50% ownership.

I think you will find that the exemption will relate only to the family home rather than investment property.seehttp://www.dtf.wa.gov.au/cms/uploadedFiles/sd_conyeyance_or_transfer_residential_property_factsheet_0304.pdfsee top of page 5where it mentions family home (it is what is not mentioned that makes me think it doesn't cover investment…[Read more]

You may need to take out warranty builders insurance on the workmanship.http://ownerbuilderadvice.com/home-warranty-insurance/

Ideas -Advertise for a money partner in gum tree web site or newspaper..Advertise for a joint venture Partner Try Igrin web site but $30,000 is too high as smaller loans are usually granted.Ask vender if they can provide you with $30,000 Vendor loan. It is worth asking vendor as they may only need enough money to get out of trouble and may be…[Read more]

jan1234 wrote:
I have one investment property (DHA) that I owe $120000 (worth about $300000);

Line of credit loan against this property at LVR of 80% = 240,000 so borrow 120,000

jan1234 wrote:
my own home that I owe $146000 (worth $300000)

Line of credit loan against this property at LVR of 80% = 240,000 so borrow 94,000So if line of credit…[Read more]

If you are a developer you may prefer weatherboard as it is easier to demolish or move.

Depends on how you want to use the equity.Check with the bank if you can organise a $80,000 line of credit loan against the first block of land.to fund the deposits you most likely need $20,000 as a deposit.So $80,000 line of credit loan      $60,000 land loan 2 $20,000 deposit      $60,000 land loan 3 $20,000 depositNeed to cover stamp duty so…[Read more]

The book can be got a his web site.http://gordonku.com/get_the_book.html

Sean, I went to the Active Property Investing Meeting last night and listened to a guest speaker who does these sort of deals all the time. He has a book called Prescription to Escape the 9 to 5 and a web site by Gordon Ku cost $29.95 Knowledge is the key !.Never stop Learning

If I was you I would insure myself for this risk.Check out having landlords insurance that covers you for public legal liability. You can even get sued by a trade person , if you request them to attend to fix something on your property and they fall over or get injured on your property you will be liable.

In Victoria there is a stupid legal requirement to get a permit for works over $12,000 not sure if you are in the nanny state of Victoria or some other State. seehttp://www.buildingcommission.com.au/resources/documents/Practice_Notes_2006-56.pdfAlso builders insurance is needed for the work to be guaranteed.There is also a time period required to…[Read more]

If the hot water service is a gas hot water instantaneous service and it is installed inside the house it may need to be moved to the outside of the house by requirement of law .

As you are near the end of your working life you may need to consider diversification of your cash and low risk investments.A good financial adviser should mention this but also they should be not trying to sell you one product but many different options so you are diversified.As they say it is risky to put all your eggs in one basket.

If you aren't  happy with the quote then tell the property manager I have rejected over the top quotes I received throughmy property manager.Sometimes the suppliers think landlords are wealthy and try it on.

Go to the state revenue office web site in each state or google stamp duty calculatorNSW I think also has a vendors tax alsothen there is real estate agent feesAlso if investment property Capital gains tax may be payable

You cannot have two houses at the same time as PPOR unless selling and then buying.. There is an overlap time if you are selling one house and then moving into another I think the time is 6 monthsHowever you can deem the original PPOR as your PPOR for up to 6 years even if you are renting it out. You need to be able to prove you were living there…[Read more]

Agree with Richard. Ask the bank how much they will lend you on LOC against Villa if you pay $110,000 off the Mortgage. Serviceability could be an issue on LOC that is why I am advising ask the bank.

First thing go to another PM and tell them that you have a property under a lease and have a problem with the tenants.Ask if they can take over the lease as they will know if you can do this or not and then phone the old PM and tell her YOUR FIRED!Serve the Tenants with a Notice to Vacate due to the requirement that the property needs to be sold…[Read more]

VK6TVA wrote:
Hi all,I am going to the our Bank on Saturday to apply for a LOC from the Equity from our PPOR. If say we have $300,000 equity then the bank will give us a LOC of 80% being $240,000 in a seperate account. Question is 1. "If we drawn down $100,000 from the $240,000 to use as a deposit to buy our 1st IP, will there be Interest…[Read more]

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