Since 2001 | Total Members: 161,547

duckster

  • duckster replied to the topic Investment Property Software in the forum General Property 16 years, 2 months ago

    Check out this one it has a 30 day free trial cost $250see http://www.tucows.com/preview/386866

  • duckster replied to the topic Tax Help Please in the forum Help Needed! 16 years, 2 months ago

    I'm using  http://www.robertjnixon.com/ but they cost me $770 last time I used them.

  • duckster replied to the topic Tax Help Please in the forum Help Needed! 16 years, 2 months ago

    $0 to $34,000 tax non resident 29% it is almost the same as residents except you have no tax free threshold and no offsets and no medicare.seehttp://www.ato.gov.au/individuals/content.asp?doc=/content/33969.htmIf the shares dividends are fully franked you have paid 30% tax already so no more tax unless you reach 80,000 in income and then tax…[Read more]

  • duckster replied to the topic Using your PPOR as your IP in the forum Help Needed! 16 years, 2 months ago

    Some previous postings on this situation…[Read more]

  • Terryw wrote:
    You don't pay tax on borrowed money. But what you are saying you will do is really just shifting the loan from property B to A. Tax deductibility depends on the purpose of the borrowing and what the funds are used for. You are borrowing to pay down personal debt.

    Once you move into IP the purpose changes of the extra loan.So the…[Read more]

  • duckster replied to the topic How does one afford a House in Sydney? in the forum General Property 16 years, 2 months ago

    Buy the cheaper one and work like buggery to pay it off then you can rent it out and you have extra cashflowExtra cashflow – more borrowing powerbuy another cheap one -and work like buggery to pay it off then you can rent it out and you have extra cashflowProblem with $700,000 is all your money goes to interest and you can never pay it off.A…[Read more]

  • duckster replied to the topic Propery maths in the forum General Property 16 years, 2 months ago

    http://propertydevelopmentsource.com/2bfree/2008/03/02/property-development-spreadsheets-anyone/Has a spreadsheet with the big 6 report for $4.95Haven't tried buying it just what they stated — http://propertydevelopmentsource.com/thebig6.htmlYou may find an appropriate spreadsheet at…[Read more]

  • duckster replied to the topic I cant do it therefore………… in the forum Help Needed! 16 years, 2 months ago

    That's is why 97% or more of the population stay poor. They use their mind to produce a poor life where as the 3% think how can I do this even if the bank won't lend them the money ,they think how can I still invest in property or what else can I invest in that is a smaller baby step or who can I invest with.A person has to make a Quantum Leap to…[Read more]

  • duckster replied to the topic Mortgage Brokers Selling Investment properties in the forum General Property 16 years, 2 months ago

    If they are giving specific financial advice that will make you decide on what to invest in then they must be a licensed financial adviser.However the information on what an offset account does is considered to be exempt from this. They also leave themselves liable to being sued for a financial loss by their clients if the advice leads to their…[Read more]

  • duckster replied to the topic Using your PPOR as your IP in the forum Help Needed! 16 years, 2 months ago

    You do not need a dummy postal address as you can proportion your house so that part of your house is PPOR and Part of your House is IP. So your expenses incurred to earn the income are also proportioned in the same ratio. However you will lose a proportion of your house from exemption of capital gains…[Read more]

  • duckster replied to the topic Where to start? PPOR? IP? in the forum Help Needed! 16 years, 2 months ago

    Humpz wrote:
    Hi Guys,Our goals are to of course, own our own home, and I would also like to build up our portfolio over time to include investment properties. The crossroads we are at at the moment is – what to do NOW.We will be leaving locality in two years time, likely to the ACT (with work).We currently have approx 33k in savings, growing…[Read more]

  • duckster replied to the topic Decision time in the forum Help Needed! 16 years, 2 months ago

    We are considering taking the $240,000 as cash and buying property.You have to pay off the margin loan !! You do not have $240,000 cash you owe $325,000 !!

  • duckster replied to the topic Decision time in the forum Help Needed! 16 years, 2 months ago

    You have really answered your question by " you have 18 months before retirement". Capital gain takes time and you may do a renovation and find the market price for the finished reno is not adequate to make a profit. So there is a risk that at your time in life you may not be prepared to take.You are in a real predicament If you sold all your…[Read more]

  • duckster replied to the topic Buyers Agents– Your honest opinion. in the forum Help Needed! 16 years, 2 months ago

    I have never heard of an annual membership fee before. Usually you get charged a percentage of the purchase price once they find you a property. Have you had a look at Cameron Bird in Queenslandhttp://www.jamesbuyeradvocates.com.au/about_us.html                             1 to 2% http://www.morrellandkoren.…[Read more]

  • short term bridging finance.

  • duckster replied to the topic Investing $70k in the forum Help Needed! 16 years, 2 months ago

    That would be giving financial advice which can only be given by a licensed financial planner.What you need to look at is your risk tolerance.Usually if you do not like losing all your money you put in into a number of investments to spread the risk this is known as a diversified portfolio of investment.If you want a hands off approach a managed…[Read more]

  • duckster replied to the topic ? for the finance guru’s in the forum Finance 16 years, 3 months ago

    dirty sanchez wrote:
    Lets say In a few years we plan to move into the IP.

    Change of status CGT event if you plan on claiming this property as PPOR otherwise you can rent out original PPOR for 7 years and keep it as PPOR CGT Status but then you can't claim IP2 as new PPOR CGT status. Can't claim PPOR for two properties at the same time. Capital…[Read more]

  • duckster replied to the topic Cost of a new ceiling + insulation – Ipswich in the forum Value Adding 16 years, 3 months ago

    You mentioned ceiling insulation in the subject line – You want to look into the government rebate on ceiling insulation. I posted a topic in heads up on it . Got no idea how much ceiling would cost probably go to bunnings and get plaster board price and work out how many sheets you would need for the area. 

  • duckster replied to the topic Building Family Home for investment? in the forum General Property 16 years, 3 months ago

    What is your goal.Capital Gain – may be a problemPositive cash flow with building write down depreciation  maybe possible.With $300 k you may find it hard to enter a city property market.

  • duckster replied to the topic hornsby NSW – Blue gum tree in the forum General Property 16 years, 3 months ago

    However if that tree was infested with grubs and a symptom of this is sap leaking out of it an arborist report may confirm that the tree is dangerous to life due to the risk of the tree falling down.Its just that I had a blue gum tree in this poor condition and had to have it cut down due to the safety risk. But it wasn't heritage but it was a big…

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