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gags327

  • gags327‘s profile was updated 3 years, 11 months ago

  • gags327 replied to the topic Deposit finance. in the forum Finance 8 years ago

    Thankyou Richard, sounds very interesting. I did actually try to call you today but no answer. will try again tomorrow.

  • gags327 replied to the topic Deposit finance. in the forum Finance 8 years ago

    Thanks Hank, the Guarantee is a good idea, not sure if I can get them on board thou. I basically have the 10% but was just hoping the vendors could finance the other 10 to save me the 26k in lenders insurance.

  • gags327 replied to the topic Deposit finance. in the forum Finance 8 years ago

    Thanks Corey. What is non coded lenders, is this like low doc and are you meaning that interest rates would so high.

  • gags327 started the topic Deposit finance. in the forum Finance 8 years ago

    Hi All, I am wondering if someone can help me, I want to buy a new place of residence. What I wanted to do was finance 80% through the bank and pay the owners off the remainder over the next couple of years. I have been approved for the loan with around 5 to 8% deposit. I can probably get this a bit higher. Just the mortgage insurance is so high.…[Read more]

  • Richard is well worth a call

  • gags327 replied to the topic Investing in Townsvlle in the forum General Property 8 years, 4 months ago

    Thanks guys some great advice there, I have been thinking about looking at west end, Hyde park etc, closet to the CBD, and looking to buy a large block, split and perhaps build 2 units or something on the vacant block. It seems the council are looking favourable at increasing the density in close to the CBD. It does seem you can get a good block…[Read more]

  • gags327 replied to the topic SMSF in the forum Help Needed! 8 years, 4 months ago

    Thanks everyone, a non deductible deposit is an option but still probably leaves me short. I will look at something more liquid to invest in until I can get the balance up.

  • gags327 replied to the topic SMSF in the forum Help Needed! 8 years, 4 months ago

    Yes I think you are right. I dont want to just sit it in the bank thou, and a little unsure of where to put it, hoping someone had some great idea haha.

  • gags327 started the topic SMSF in the forum Help Needed! 8 years, 4 months ago

    I have around 18k left in my SMSF and was wondering if anyone hd any ideas of what I could do with it, preferably property wise but but dont think I have enough left.

  • gags327 replied to the topic Investing in Townsvlle in the forum General Property 8 years, 4 months ago

    So BAsically stay away from the newer areas?

  • gags327 replied to the topic Investing in Townsvlle in the forum General Property 8 years, 5 months ago

    I would also be interested to know. I am currently looking there myself for my next purchase. Have you recently bought there?

  • gags327 replied to the topic Businesss renting shed off ourself in the forum Legal & Accounting 9 years, 1 month ago

    What are the implications regarding CGT if we purchase a property as a PPOR and then were to subdivide it down the track

  • gags327 replied to the topic Businesss renting shed off ourself in the forum Legal & Accounting 9 years, 1 month ago

    Thanks Terry, some things to consider. The business is under a company structure. How would renting a property compare? Say if us and the company were to go 50/50 in the rent for example?
    Also how does CGT work if say for e.g. we owned the property for 10 years and say for the first 5 years we were collecting rent from the business?

  • gags327 replied to the topic Businesss renting shed off ourself in the forum Legal & Accounting 9 years, 1 month ago

    If I was to buy a property in our name can the business pay for the shed and improvements etc?

  • gags327 replied to the topic Businesss renting shed off ourself in the forum Legal & Accounting 9 years, 1 month ago

    I hadn’t thought of that, that is a good idea. Probably not right at the moment but maybe 12 or 18 months time.

  • gags327 started the topic Businesss renting shed off ourself in the forum Legal & Accounting 9 years, 1 month ago

    I am just wondering from a finance point of view what would best suit our situation. We have a mortgage on our property of around 600 a week. we have a business were we rent a storage shed for around 350 a week. This is purely storage so doesn’t need to be situated in town etc. Would we be better off buying some acreage ( as we would rather live…[Read more]

  • gags327 replied to the topic Sean Sumerville, or The Property King in the forum Buy, Swap & Sell 9 years, 2 months ago

    The course is probably around 2 years old.
    There is 3 big manuals in the course.
    The first manual has in it , I buy property for what you pay for a cup of coffee, fast start guide, mind manual, your blueprint to investing success and a section on the science of getting rich.
    The second manual all documents and contracts for different states
    The…[Read more]

  • gags327 replied to the topic Sean Sumerville, or The Property King in the forum Buy, Swap & Sell 9 years, 2 months ago

    Anything but Rick Otton sorry lol.
    Happy to work something out with you thou if you are interested. Its sitting here not doing anything.

  • gags327 replied to the topic Sean Sumerville, or The Property King in the forum Buy, Swap & Sell 9 years, 3 months ago

    I think it was orginaly about 4k with 12 months mentoring etc.
    Make me an offer on it or if you have something you would like to swap I am open to offers. I have got from it what I wanted so not needed anymore.

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