Just because You can, doesn’t mean you should, or it will suit your retirement goals…
When investing in SMSF, you need to evaluate a lot more factors than just your super balance. for instance:
* your age/years to retirement?
* your risk profile/liquidity needs
* your current and projected income / job security
and a fair few other…[Read more]
A lot to consider. perhaps consider talking to a financial adviser or investment mentor who has been there and done what you are wanting to do. There are a lot of hidden costs involved with subdividing and building duplexes etc…
The good news is, you guys are in a fantastic financial position for your age. Most people try to get in your…[Read more]
Did you end up selling both or either??
Personally i think you have 2 properties on 2 of the most growth potential suburbs on the GC.
I own my PPR in Southport (just behind Ferry Rd markets). Purchased in June 2013 for $360k. Just had it bank valued at $410k. (all we did was add a feature front fence – $5k spend). Southport will only go up as…[Read more]
Sometimes these companies can provide a great service to those who lack the ability to find the right debt structure and investment avenue.
However, I think it is important with any of these companies to check the following:
1. Where the company is receiving their income (is it the finance, the property, the land… etc.) – Ask for this…[Read more]
Im looking to build an attached second dwelling/granny flat (2xbed 1xbath) on my 3xbed 1xbath house in Southport. Im thinking of making a side entrance to the granny flat as the main entry to it, but also adding a 2 way lockable door from the main house to the GF also, so i could be converted into a 5 bedroom 2 bathroom house if we…[Read more]
Jimmy86 replied to the topic Using credit card to reduce interest repayments in an offset in the forum Creative Investing 6 years, 1 month ago
You have to be careful, about 3 years ago my wife used our personal cc (anz) on our merchant facility of our small business we had back then (suncorp) and because the merchant and the CC was an exact name match, we got a phone call from the bank within 24hrs (suncorp) telling me that legally they must report it to the ATO. Apparently it is a money…[Read more]
Your right Matrix 5,
It will be semi-detached. Not much construction will be taking place close to the structure of the house, as the far wall of our garage will also double as one of the walls for the granny flat.
The property is on the Gold Coast (Southport).
Yeah i will definitely ask for it to be fenced off to minimize disturbance to us…[Read more]
Jimmy86 replied to the topic Checklist of proven IP renovations to withstand abuse in the forum Value Adding 6 years, 5 months ago
You'd be surprised how far a good bleach of bathroom tiles, sinks and windowsill clean/paint + buying a $50 new basin/tap set (from bunnings) can make a bathroom look 5 years younger and add value to your rental asking price.
We have an IP with beautiful hardwood floors and have bought cheap bulk/scrap carpet to DIY cover the living room and…[Read more]
Cameron Winklevoss: Bitcoin Might Hit $40,000 Per Coin:
Wouldn't it be great to know a few celebrities, buy some BCs and then get them to jump on reddit and speculate the sh!t out of it…
However im only partially comfortable about "Who" to go and see first to set this up? A lawyer? An Accountant? or Financial Advisor? If the answer is the Accountant, should i use my current accountant? I already have a family trust that has purchased one property and my current accountant knows my situation well. (sorry as…[Read more]
Just make sure you scope out the FULL amount of fees before you proceed with your property purchase, and make sure you get all these fees in writing before you proceed either way.
Also (and possibly risking hatred of myself to other forum members, considering it being a 'property investing forum') …consider diversifying your…[Read more]
My parents have had a similar situation and from what I can remember they went in (successfully) with class action… probably because a lawyer got wind of it and rallied everyone into it for a lump comm
It can be tricky. Ill ask them and get back to you
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