Total Members: 158,195

high flyer

  • high flyer replied to the topic URGENT Help! THU 4pm deadline!! in the forum No Subject 18 years, 3 months ago

    I saw a property advertised for $680+, offered $650. The agent then changed his advertisement to $650+ on the net. Later, I bought it for $640. Don’t be missled by the advertised price. Put your offer based on what you think its worth then you can’t be too wrong.
    Good luck.

  • high flyer replied to the topic Ed Chan in the forum Legal & Accounting 18 years, 4 months ago

    Cata and redwing,
    I do not have the finer detail of Ed’s property investor trust. But I think it is a unit trust with its units being owned by another hybid trust, so to minimise land tax in NSW and to achieve asset protection. Having said that, I must confessed that I have not seen his structure.

  • high flyer replied to the topic WELL WE DID IT AGAIN in the forum General Property 18 years, 5 months ago

    Hi SDG,
    My profession does not allow me to be near a terminal all the times. This is the 1st time I lock in after the last meeting. It is fantastic to see that a date had been set for the next meeting. You people (to borrow GR’s phrase) are incredible!

  • high flyer replied to the topic Change Of Title Fees in the forum Help Needed! 18 years, 5 months ago

    Hi Kate,
    Check with their accountant, your friend’s father might be liable for CGT too!

  • high flyer replied to the topic S.D.G. Number 3 in the forum No Subject 18 years, 5 months ago

    Hi All,
    I missed out on the last 2 meetings due to other commitments. I will be there for the next meeting.

  • high flyer replied to the topic Bank Guarantees in the forum Help Needed! 18 years, 5 months ago

    Hi LFA,
    One of the reason that I know of for holding properties in diff Trusts setup (other than asset protection) is land tax consideration.

  • high flyer replied to the topic Certificate of Title in the forum General Property 18 years, 7 months ago

    Do not be despaired if you still have a mortgage on your property and wanted badly to have a copy of your CT. In NSW for a cost of $10.50, you can always obtain a copy of computer folio printout of your title from Land and Property Information (previously Land Title Office), if you have the time to do it yourself. Alternatively, you can always…[Read more]

  • high flyer replied to the topic AAMI Landlord Insurance in the forum General Property 18 years, 7 months ago

    I presumed so. But you can choose the level of excess that you are comfortable with. Of course, it will be reflected in the premium.

  • high flyer replied to the topic Certificate of Title in the forum General Property 18 years, 7 months ago

    Hi Celivia,
    In fact it is safer for the bank to safe keep it (ie mortgage it) then to keep it yourself. There are incidents in the past that a unencumbranced property were ‘stolen’ by crooks, by applying to the Registrar General for new CTs to be issued and on sell it to an unsuspecting buyers.

  • high flyer replied to the topic AAMI Landlord Insurance in the forum General Property 18 years, 7 months ago

    Yap, just signed up on the weekend and the policy details are in the mail. It looks like a great deal as I have 2 leases on 1 property, the sale girl indicated that the tennant protection insurance (I think that what they called it – building + landlord) will covered the 2 leases. I have quotes from other insurers, the landlord insurances alone…[Read more]

  • high flyer replied to the topic help….!!! in the forum Help Needed! 18 years, 8 months ago

    Hi pasandbec,
    Is your IP1 used to be your PPOR? If it was the case, can you sell it and still avoid paying CGT? May be that is an option you could consider by selling off IP1 and with the proceeds to pay down non deductible loan on PPOR and buy this IP2.

  • high flyer replied to the topic help….!!! in the forum No Subject 18 years, 8 months ago

    HI C2,
    Let me try to answer this one.
    Loan 2 is non-tax deductible because it is used to pay down PROP.

  • high flyer replied to the topic Suburb Statistics in the forum Help Needed! 19 years, 1 month ago

    Hi Christy,
    Commonwealth bank provides some propery valuation on their wed site. Please do a search on “property value guide”. I hope this helps!
    Cheers

  • high flyer replied to the topic How RICH ! Do You Want To Become ? in the forum No Subject 19 years, 5 months ago

    Ya.. What is rich and what poor? What are charity and what are not? And what is morality for that matter?
    In some households( or cultures), it’s a taboo to talk about money openly, let along about personal wealth! But this seems to be an acceptable practise and is encouraged here. We are doing it because we believed we should all try to…[Read more]

  • high flyer replied to the topic cross-securitisation in the forum Help Needed! 19 years, 5 months ago

    Hi Helen,
    I am not a broker but one technique that is commonly use by investors is to apply a LOC against the equity you have in a property that you owned and use the fund as deposits for additional IPs. That way you only tied up one property with one loan and not risking other IPs in the event of foreclosure as pointed out by Steve. Also, when…[Read more]

  • high flyer replied to the topic Wizard Head Start Shared Equity Loan! in the forum No Subject 19 years, 5 months ago

    Hi Gerard,
    If you are interested in equity share products take a look at the one below:
    http://www.sharedappreciationloan.com.au/

    Cheers

  • high flyer replied to the topic Risk: Positive cashflow but declining population in the forum No Subject 19 years, 5 months ago

    Hi Tanga,
    Are you soley invest for +cf? What would happen in 10yrs time when you want to sell? I will not buy for cf only, I want capital appreciation with it as well! But that’s me!

  • high flyer replied to the topic Offset Account in the forum No Subject 19 years, 5 months ago

    Hi Show me,
    Mortgage hunter explains it nicely, but watch out for the differiential rate that some lenders offered. Make sure it is 100% offset!

  • high flyer replied to the topic How RICH ! Do You Want To Become ? in the forum General Property 19 years, 5 months ago

    Originally posted by greenjoy:
    IT would be brilliant to have enough money so you wouldn’t have to sell your time to others and do the things in life you truly love to do…in my case being able to give money away to charity would make me very happy…actually we donate 10% of our profits to environmental groups now..do many other investors out…[Read more]

  • high flyer replied to the topic Where to from here? in the forum Value Adding 19 years, 5 months ago

    Hi Scully,
    I agreed with kp, first stop is the Surveyors then off to project home builders.
    Good luck

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