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Viewing 20 posts - 1 through 20 (of 31 total)
  • Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    Thank you Terry.

    I don’t remember claiming this when I first purchased the property. Do you know where or how I am able to try and claim this back and amend my tax return if possible?

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    Thanks for your reply guys. What wouod be the best way to get in contact with the right person to show some interest in the property. Is there an email or number to call for nsw?

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    I think they are with westpac. Im not 100% sure id have to double check. Would it be westpac by any chance that would allow this?

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    Thank you for the reply guys. Very interesting.
    The dark knight- how are you managing to do this without incurring fees onyour cc? Are u transferring the $$ to your offset using the eftpos machine?
    Would love to know that this works lol

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    Thank you JacM, a lesson (expensive one) well learnt today.

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    My partner has signed what I thought to be just a purchase offer. However I'm afraid it may be the actual contract.

    Is a purchase offer, same as signing a contract? – Does this mean this contract is now binding?

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    Did you seek legal help or terminated the contract with a written letter on your own?

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    Same thing happened with us. The REA told us to show that we were serious buyers. How did you get out of the contract?

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    The seller has accepted our offer. How do we withdraw without losing our deposit

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    Thanks so much for the info IP Freely. Your info has certainly given me a clearer understanding of what to expect.

    If you dont mind me asking you what suggestions/advice could you give to taking up either the “agency” training or going through REI to get started in real estate.

    Or what other options are available?

    Thanks for your time

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    Thank you for your input on this V8ghia. It does sound very interesting and I am thinking of applying for one of these training courses. I am very keen to get started in the property industry and I think this would be a great opportunity.

    If anyone has any more details or input into these training courses please feel free to share. Would love to know more about what is involved and how “intensive” the courses are.

    Profile photo of ediot123ediot123
    Participant
    @ediot123
    Join Date: 2007
    Post Count: 54

    Sorry for the confusion guys.

    I was actually referring to the real estate sales programs. See link below.
    http://realestatejobsearch.com.au/careers.php?work=Sales

    Is anyone able to provide some more info into what is involved and what is expected if you were to be selected.

    Also any personal opinions welcomed.

    Thanks

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
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    Anyone have the most recent report?

    Would love a copy

    Also would like to know what other subscription services do people use and can recommend?

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    Thanks guys. Makes alot more sense now.

    For some reason I've always thought that any capital gains will be taxed at your current tax rate. So If you are currently taxed at 30% for your salary, then this capital gains will only be calculated at 30% and not added together with your salary and any other income you earn.

    Sorry for the confusion and thanks for clearing that up

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54
    Terryw wrote:
    There is nothing really out there like that. You will need to see a solicitor and/or accountant to see what would work for you.

    try trustmagic.com.au for some info
    taxlawyer.com.au

    Or you can buy the expensive http://www.taxinstitute.com.au/publications/new-trust-structures-guide-2010

    Thanks Terry

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    What is a good website I can visit to get more information on trusts and how it can work in property.

    Preferably something with diagrams to show how the trust structure would be setup etc…

    Thanks

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    Thanks for the comments guys.

    No centrelink payments were received.

    So if I did not receive any income for the tax year, I will be taxed 0% on the $50K? – So no tax?

    Or am I missing something….

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    Thanks for your response guys.

    I would have based my calculations on a 100% loan + ALL costs as well. It is quite challenging finding a property that is +CF when considering 100% loan + ALL costs.

    Just wasn't sure what people mean when they mention that they've found a "bargain" or +CF property, when in reality they've bought it on (using catalyst's example) a 50% loan.

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    Any recommendations for south west sydney?

    Profile photo of ediot123ediot123
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    @ediot123
    Join Date: 2007
    Post Count: 54

    Damn, missed out on this.

    Anyone know of any other property investment courses out there in the near future??

    Free and paid seminar/courses…..

Viewing 20 posts - 1 through 20 (of 31 total)