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Cheers for that guys i will check out these product s …………………………….thanks again
I dont live in QLD but Rob Balanda is in Qld i think ??
hope that helps
Speak to your local government / shire .( Ask to speak to some one in planning about costs/ contributions ) You can go on line you might find it in the Development section( developer contributions).
I live in the shire of Cockburn W.A (spearwood) and any division over 2 has to pay 10% in land or in cash.
A friend of mine in Armadale had to pay it . I hope you don’t but I imagine you will as well.
These are some of the cost’s that the real estate agents don’t factor in when pricing so called great development opportunities and that’s why the numbers never stack up on the feasibilities.Sorry I’m of on an tangent.
Call your local shire .Once again I hope you don’t have to but these extra cost are what we have to look out for .
Don’t forget anything over two lots is up for park land contributions in W.A when doing your feasibility analysis .Which is 10% of total land value of your entire lot in cash or land use.
Hi Lady bird,
He is far away but i will contact him and have a chat .The more recommendation’s the better , because i feel it is just as important to feel comfortable with your accountant as it is for them to have a great understanding of property investment / tax.
I have read one of Melvin and Chan's books .I will give them a call and have a chat .
Thank you Greg
No problem Dave,
I’m south of the river as well in the shire of cockburnTheWizz wrote:Hi Guys, Long time reader, first time poster. I have recently had a house moved off my block. I then engaged an excavation group to undertake the work in clearing the site. I stood on the site and asked the tradesman how much give or take it would cost to clear my block. The response, $500-$600 max. I have since received a bill for the work done, and yup, you probably guessed it – $3000!. I just want to know, where do I stand with this kind of thing?
Unfortunately it's your word against his without a written quote (always have any agreement/quote on paper ) and if he can justify the price by a third party quote (Quantity estimator.)………… well you might have to pay ?I would try to pay the $600 and see what he says .
She might of set up a mortgage off set account for you ( its usually set up against a P&I Loan) . I have one as long as you only use your card for your usual expenses ( your budget ) and pay your monthly bill it should be fine . It can also help you keep track of your spending . I'm only a newbie at all of this……. so i hope that helps
Hi .I'm new to this site .I have just done something similar in W.A with one of the majors.What we done was,I was made sole owner of the new investment property , my wife and i are joint owners of our ppor .Now she just acts as a guarantor as such (because her name is on the other title) but receive not tax benefits at all .She has nothing to do with my investment property , other than her name is on the title of the property i get my Line of credit/equity deposit and closing costs from.
Now the bank will ask her to seek legal advise and want documented proof of this.What we done was we wrote a letter stating that we had agreed to take this path solely for tax purposes etc … etc…. and we both signed the document .Thank god, they were happy with that and we didnt have to pay the lawyers.Hope that helps