Total Members: 158,520

frosty1

  • frosty1 replied to the topic Are Destiny Financial Services the real deal? in the forum Help Needed! 13 years, 10 months ago

    Hi Lisa,I would recommend reading all Margaret Lomas books relating to property, in the order she wrote them.I think there is about 5 of them. most should be in libraries.I have learnt a lot from them.Also read many other books as well, to compare diff ideas and stratagies.Lomas seminars are not expensive to go to, I have been to many.I have not…[Read more]

  • frosty1 replied to the topic How do I know if this is a good investment? in the forum Hi,I smell a rat,  run as 14 years, 1 month ago

    Hi,I smell a rat,  run as fast as you can, away.Run to the library, and read as many property investment books as you can.Margaret Lomas has several books, well worth reading them all.Ask lots of questions here as well.Good luck,Frosty1

  • Hi Mike,Thanks for the report.Very quick response.Regards,Frosty1

  • frosty1 replied to the topic Quantity surveyor in the forum Help Needed! 15 years, 1 month ago

    Thanks very much,I'll try them all.Frosty

  • frosty1 replied to the topic Quantity surveyor in the forum Help Needed! 15 years, 1 month ago

    Thanks Maree,Were they based in Melbourne?What area did you use them in?Do you remember what they charged?Sorry for all the questions,  if you have there number that would be great.Thanks again,Frosty.

  • frosty1 replied to the topic Buying off the plan – stamp duty savings in the forum Help Needed! 15 years, 3 months ago

    Hi,In victoria, i think you pay stamp duty on the value or cost of the already completed or constructed portion.Only the remaining unbuilt portion is stamp duty free.So, if a place is nearly complete, you nearly pay full stamp duty.Frosty.

  • frosty1 replied to the topic buying with a right to early access in the forum Help Needed! 15 years, 3 months ago

    Hi Linar,Thanks for the response,I will talk to my solicitor if i go ahead with the property.Frosty

  • frosty1 replied to the topic buying with a right to early access in the forum Help Needed! 15 years, 3 months ago

    Thanks Terryw,I guess if you wanted to take the risk,You could  do only labour intensive work.That way you only risk losing your time which is still money,But, at least your not risking thousands of dollars worth of materialistic things.Out of all property sales, i'm not sure how many people do this and then run into trouble.But i guess it can…[Read more]

  • frosty1 replied to the topic Ownership structure in the forum Legal & Accounting 15 years, 3 months ago

    Thanks Terryw,I would not expect to claim anything against my taxable income.But i was wondering if the wife could claim all the loan interest against her possible income, even though the bank loan is only half in her name as the other half is in my name.Property is 100% in wifes name.Bank loan for property  is in wifes & husbands name.Thanks,Frosty.

  • frosty1 replied to the topic Reason for selling unknown in the forum Hi,
    I don’t think the agents
    15 years, 4 months ago

    Hi,I don't think the agents end up with the building or pest reports.They remain the property of the person paying for them, usually the previously interested buyer.The agent should be obliged to tell you of any known majour problems though.Frosty

  • frosty1 replied to the topic buying first property in the forum Help Needed! 15 years, 4 months ago

    Hi,Just keep reading books as well.As many as you can.Margaret Lomas has many books well worth reading.Good to read a variety as they can differ greatly on stratergies, etc.Eventually you will have a better  understanding on all.But, saying that, i think you can never stop learning, as times keep on changing.Your willingness to learn and invest a…[Read more]

  • Hi Hsingh,I would first try to gain more knowledge through reading property investment books.The library has many.Margaret Lomas has  books well worth reading.Good luck.Frosty

  • frosty1 replied to the topic Investment Advice needed in the forum Help Needed! 15 years, 8 months ago

    Hi,Also Margaret Lomas has written some very good books worth reading.most libraries would have copies of some of them.read everything you can.frosty1

  • frosty1 replied to the topic Has anyone successfully used the Reno Toolkit? in the forum Value Adding 15 years, 9 months ago

    Hi Yorkie,just wondering if you have looked at traralgon yet?what sort of properties are you looking at there and do you think you can find or make them pos. cash flow?cheers,frosty1

  • frosty1 replied to the topic Do I give up? in the forum Help Needed! 15 years, 10 months ago

    hi matt,i suggest educate your self first for nothing (or very cheaply).read,read and continue to read, a variety of property investment books, many available at local libraries.read for ever on forums like this,  and even ask for advice or opinions.you don't have to believe everything you read or hear, but it gives you ideas to follow up,…[Read more]

  • frosty1 replied to the topic how is possible still get positive gear property in the forum General Property 15 years, 10 months ago

    hi Linar,would you mind if i ask what your strategy is with property investing?do you not keep positive geared properties?don't mean to be nosey, just curious/interested.thanks,frosty1

  • frosty1 replied to the topic Melbourne – Need Good Property Accountant in the forum Legal & Accounting 15 years, 10 months ago

    hi all,i also would be keen to know if anyone can recomend a good property accountant  in the LATROBE VALLEY  (TRARALGON) area, or anywhere in gippsland.thanks,frosty1

  • frosty1 replied to the topic claiming reserch etc on tax in the forum Legal & Accounting 15 years, 10 months ago

    hi,me again,also wondering if buying a land and house package,should i keep records of travel costs to the building site for progresive inspections, colour & component selections, discussions with builder/developer, phone calls etc.can i claim any of these things?maybe it can only be used to add to the cost base, for capital gains tax?thanks…[Read more]

  • frosty1 replied to the topic Rendering a Dated Brick House in the forum Value Adding 15 years, 10 months ago

    hi,sorry to but in, but, i also have a question.doe's all rendering need painting?or can the colour be put in the actual motar?i assume you can do both, but is one better than the other? is painting the cheaper way to go?what do most people do?thanks,frosty1

  • frosty1 replied to the topic Cranky.. in the forum Help Needed! 15 years, 10 months ago

    maybe the vendor is hiding something,something you might find a problem with after spending extra time there.have you had a building and pest inspection done?frosty1

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