PropertyInvesting.com | JohnSmith | Activity https://www.propertyinvesting.com/members/johnsmith/activity/ Activity feed for JohnSmith. Sat, 11 Apr 2026 19:20:35 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 389050ff49a2c91276fda3ac567e9701 JohnSmith replied to the topic IS my accountant off the mark...??? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403056-is-my-accountant-off-the-mark/#post-4643677 Thu, 24 Mar 2011 20:34:41 +0000 Other costs you may have to consider* Property Manager costs, unless you manage it yourself.* Landlord insurance* Land Tax if relevant* Rent you have to pay, because you cant live there

]]> 50aebf7d03e2ccc57475cf118f31e24d JohnSmith replied to the topic Time to invest or time to pay down loans and save ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392162-time-to-invest-or-time-to-pay-down-loans-and-save/#post-4581982 Wed, 06 Feb 2008 07:48:45 +0000 Nucopia wrote:
with 49K owing – I could pay this off with cash and use both to  finance more I.P purchases, figure @ 80% I could use them to borrow 200K and would need maybe 35K cash to cover deposits and settlements. 

 sorry Maybe I am missing something, but do remember that the majority of the loans will be against the new properties, and yo…[Read more]

]]> c0730bb26fb1851fbabce1f30652f2dd JohnSmith replied to the topic am i smart or stupid in the forum Creative Investing https://www.propertyinvesting.com/topic/4392175-am-i-smart-or-stupid/#post-4582060 Wed, 06 Feb 2008 05:22:49 +0000 ruk wrote:
am i smart or stupid

 Not to state the obvious – here you are asking this question, about some solution you have devised, instead of visiting an accountant and asking the right question, and having them devise the right answer.<br /:)” title=”>:)” class=”bbcode_smiley” />

]]> 378b376c80fdaabd4e132e196514d284 JohnSmith replied to the topic Going backwards need advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4392151-going-backwards-need-advice/#post-4581884 Wed, 06 Feb 2008 05:10:39 +0000 You investigated subdivision, but would they allow adding a second house without subdivision, or a large extension hint hint

]]> 1f69238ab707662c00265b251f5483ae JohnSmith replied to the topic Time to invest or time to pay down loans and save ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392162-time-to-invest-or-time-to-pay-down-loans-and-save/#post-4581978 Wed, 06 Feb 2008 04:49:41 +0000 Nucopia wrote:
If I have a mortgage over the I.P or the PPoR (both R tax deductible) for investing it does not worry me, and its just a choice of which gives me the most advantage later when I do decide to draw down equity ..I suppose I just don't like the feeling of doing nothing when I have  untapped equity  and cash coupled with my de…[Read more]

]]> 145dcbc87ff6fc878b5a857ddf1ee351 JohnSmith replied to the topic what is the best way to get equity out of your PPOR and transfer it to another PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4392226-what-is-the-best-way-to-get-equity-out-of-your-ppor-and-transfer-it-to-another-ppor/#post-4582338 Wed, 06 Feb 2008 04:35:02 +0000 Best to talk to your accountantExtra Deductions gained on $X amount (over and above current deductions) LESSStamp duty and other associated costs for selling to a trustVsNot selling

]]> fa98be1cf1aa2acf74799d09b1b48543 JohnSmith replied to the topic which loan offer the best value? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392209-which-loan-offer-the-best-value/#post-4582271 Wed, 06 Feb 2008 04:26:32 +0000 Also be careful if you are buying in a trust I had to teach them how a hybrid trust worked and your morgage choice guy is just not going to do that for you.Also if you do relook at larger banks, be careful of Professional Pack Fees. The real interest rate can be quite high if  loan value is low.

]]> 57cf3721dc44cac3833b2deed5e23151 JohnSmith replied to the topic New Forum member - I need some advice on my current situation in the forum Justin A non-bank lender https://www.propertyinvesting.com/topic/4391995-new-forum-member-i-need-some-advice-on-my-current-situation/#post-4581035 Wed, 06 Feb 2008 04:19:24 +0000 JustinA non-bank lender normally will only allow the wife to go guarantor, as she is not on title. In fact some will not allow her to be on the loan documents at all or allow her income to be used, as she has no beneficial interest.The larger banks, who have much open clauses in their loan documents ensuring they catch you many ways, alwasy try to…[Read more]

]]> 6d7488cc3bb10a2b7e9e662571a4e561 JohnSmith replied to the topic New Forum member - I need some advice on my current situation in the forum Help Needed! https://www.propertyinvesting.com/topic/4391995-new-forum-member-i-need-some-advice-on-my-current-situation/#post-4581032 Thu, 17 Jan 2008 05:10:22 +0000 Justin1) Consider asking your bank to add an offset account, and place extra funds in there. Why – a) You save the same amount of interest you would save by paying down the loan. b) You maintain the deductibility of the underlying debt, so if ever you use the cash in the offset for a non-income producing purpose, all of the interest on the loan is…[Read more]

]]> bfc4d247a97fa07f7fc94f1829e063f7 JohnSmith replied to the topic Help Please in the forum Heads Up! https://www.propertyinvesting.com/topic/4391206-help-please-16/#post-4576155 Mon, 03 Dec 2007 03:18:48 +0000 I know Helen personally – Helen comes from an education angle and everything is based on Education only, although she does have advanced groups, where people get together to buy property, which she also participates. What I mean by participates, is she will look to buy as well, but it is not her property she is selling!Helen is very genuine and…[Read more]

]]> e42f0dd7436f62bb0963f4718e8a6dd7 JohnSmith replied to the topic Nonbank Lenders vs Mortgage Orginators in the forum Finance https://www.propertyinvesting.com/topic/4387443-nonbank-lenders-vs-mortgage-orginators/#post-4557616 Wed, 22 Nov 2006 06:14:16 +0000 Originally posted by ctaing:

* Is it available on standard loan product or is it an extra feature in premium products?

Normally the more functionality the more you pay – but there are some reasonable rates out the for Offset accounts. Close to or just more expensive that a simple loan with redraw

* And is the method of interest calculation…[Read more]

]]> d722f59f867e1200461ccfab04a89254 JohnSmith replied to the topic Nonbank Lenders vs Mortgage Orginators in the forum Finance https://www.propertyinvesting.com/topic/4387443-nonbank-lenders-vs-mortgage-orginators/#post-4557614 Tue, 21 Nov 2006 23:06:23 +0000 I would have to disagree with both Terry and Simon.

Banks
Do use mortgage insurers when they need to.

The banks will normally self insure, but under capital adequacy requirements they have to set aside a certain amount of capital. If they are short cash at any stage they quite often grab a whole lot of mortgages and take them to the insurer.…[Read more]

]]> 3b280c6d222bedca5a42beb573dd168a JohnSmith replied to the topic Serviced Apartments. What do I watch out for? in the forum Help Needed! https://www.propertyinvesting.com/topic/4387393-serviced-apartments-what-do-i-watch-out-for/#post-4557411 Tue, 14 Nov 2006 05:37:08 +0000 Financing is only 60-65% from memory. and they only allow a certain percentage of the rent.

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

]]> 92293c44dbe3beac88ad36e3f605f819 JohnSmith replied to the topic Buy...or invest in the forum No Subject https://www.propertyinvesting.com/topic/4387386-buy-or-invest-2/#post-4557366 Tue, 14 Nov 2006 04:09:36 +0000 or you can’t borrow at all if it is too small.

Be wary of anything smaller than 35 SQM. Avoid anything under 25Sqm

Not saying you may not get some specialist finance, but remember one day you may want to sell, and all the buyers will have the same problem.

Regards
John

Inspired Finance
(02) 9944…[Read more]

]]> a17833e88e07b5c443c5e29f26e2534c JohnSmith replied to the topic cash flow positive lender in the forum Finance https://www.propertyinvesting.com/topic/4387292-cash-flow-positive-lender/#post-4556859 Mon, 13 Nov 2006 10:45:36 +0000 Also they were not able to get the volumes, and now the CashFlow mortgage product is apprearing all over the place.

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

]]> 78bcaf3594816943a9569bbffd943e47 JohnSmith replied to the topic RAMS for sale? in the forum No Subject https://www.propertyinvesting.com/topic/4387380-rams-for-sale/#post-4557238 Mon, 13 Nov 2006 10:40:49 +0000 It should be cheap with all that negative goodwill [biggrin]

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

]]> d434db26dc1fb2a6e44cec273fa55cdb JohnSmith replied to the topic PLEASE HELP High Equity, low $ flow for retirement in the forum No Subject https://www.propertyinvesting.com/topic/4387324-please-help-high-equity-low-flow-for-retirement/#post-4557016 Mon, 13 Nov 2006 10:18:25 +0000 The LVR depends on your age

if 60 then it is 15% and add 1% for every one year age after that. So if 61 then 16%. Up to 90 at 50%

That is if you take out the lump sum. You can get supplementary payments each month.

You can also ask for a certain amount of equity to be guaranteed left at the end of the loan. I won’t go into exactly how they do…[Read more]

]]> 46907383d31ed5681b9bf13330533e54 JohnSmith replied to the topic I have a problem in the forum Help Needed! https://www.propertyinvesting.com/topic/4387353-i-have-a-problem/#post-4557142 Fri, 10 Nov 2006 02:08:22 +0000 Originally posted by stargazer:
Should i also contact my insurance company or see what the builder has to say.

As per the previous response by the person that is a Structural Engineer – Contact Your Insurer.

I would add
– that your insurer will work to make sure that is is the builders fault !
– the builder will work to prove it was not…[Read more]

]]> f973d3469b9317072e11ed4c4ca3ea20 JohnSmith replied to the topic Whats the most painless way to get my title back in the forum Finance https://www.propertyinvesting.com/topic/4387355-whats-the-most-painless-way-to-get-my-title-back/#post-4557148 Thu, 09 Nov 2006 08:00:12 +0000 You have total debt of $695,000

So a 80% Lo Doc loan on both would cover it

IP1 Loan 360,000 Value 450,000

IP2 Loan 360,000 Value 450,000

and should release your other title.

If both are with the same bank, tell them that is what you want to do, or take your business elsewhere.

If different banks, do a variation on the loan on IP1 and get…[Read more]

]]> 7e49374e1b08a8724dab041a690675b5 JohnSmith replied to the topic Internet (or lack of) in the forum No Subject https://www.propertyinvesting.com/topic/4387347-internet-or-lack-of/#post-4557121 Thu, 09 Nov 2006 07:35:44 +0000 What about Satellite ?
With the dish you only need a normal phone line.

On another note.
Optus once put a lovely form in my mailbox, with my address on it offering cable to my battle-axe block.

So I rang them and said “yes”. They said “no” I was too far from the road. I said I had a letter from them adressed to me, it did not say anything about…[Read more]

]]> c8097dcf4976ed44e4a2175bad9165a6 JohnSmith replied to the topic property portfolio in the forum General Property https://www.propertyinvesting.com/topic/4387220-property-portfolio/#post-4556552 Thu, 09 Nov 2006 07:27:47 +0000 Originally posted by foundation:
everything he wrote

Nearly fell off my chair laughing as I started to read the post

Seals139

Here is a start – did not leave in the totals

Address
Purchase Price
Mkt Value
LOC Value
Mortgage Value
PI or IO
Rate
Int PM
Int PA
Rates PA
Ins PA
Body Corp Exps
Maint
Other Exps
Rent PW
Pent…[Read more]

]]> 58c0948554ccfb34469f41d7729e46ce JohnSmith replied to the topic Property on a main road in the forum General Property https://www.propertyinvesting.com/topic/4387276-property-on-a-main-road/#post-4556801 Thu, 09 Nov 2006 07:07:00 +0000 Kuade

The property is what you would call a secondary property. Its location quite often means that its price is discounted.

1) If you buy it, remember that when you sell it, it will be harder to sell, and the price will also be discounted.

2) If you really want it make a hugely lowball offer.

3) Its location can affect whether you get a…[Read more]

]]> 1401ab9bcb04d77bb0332f196517d4f3 JohnSmith replied to the topic PLEASE HELP High Equity, low $ flow for retirement in the forum Help Needed! https://www.propertyinvesting.com/topic/4387324-please-help-high-equity-low-flow-for-retirement/#post-4557013 Thu, 09 Nov 2006 06:39:10 +0000 Originally posted by The Contrarian:
I understand that no-one is able to give any specific advice etc,
but would anyone have good suggestions to fund their retirement?

I’ve heard that (as crazy as it sounds) they can draw an equity loan from an IP upto $1500 per month as one way to receive tax free money and still receive the aged…[Read more]

]]> 549185475346738a7931e0cc83686bd4 JohnSmith replied to the topic properties less than 50sqm in the forum Finance https://www.propertyinvesting.com/topic/4387272-properties-less-than-50sqm/#post-4556769 Thu, 02 Nov 2006 15:04:31 +0000 As Richard said there are quite a few that do it. Suggest your bank that holds your current portfolio, would be more than happy to help.

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

]]> 30120d8d6cc4a9dba409012e9a785dc1 JohnSmith replied to the topic Tax Querie in the forum Help Needed! https://www.propertyinvesting.com/topic/4387274-tax-querie/#post-4556779 Thu, 02 Nov 2006 14:40:02 +0000 Change accountant quickly

Get a proper depreciation schedule done by a quantity surveyor, as accountants quite often are conservative, due to the tax department not recognising them as suitably qualified to assess all items.

For example an accountant can not estimate depreciation for construction costs.

If a construction – builder will supply…[Read more]

]]> 3c0daf7b4789d18b3605bb91ffcfdbcc JohnSmith replied to the topic My next step... & probably many out there like it in the forum Help Needed! https://www.propertyinvesting.com/topic/4387257-my-next-step-probably-many-out-there-like-it/#post-4556716 Thu, 02 Nov 2006 08:10:44 +0000 Michael

Having a car lease as part of pre tax dollars is nothing really special since FBT came in. It is only a slight advantage.

The real advantage is being able to claim all the expenses like petrol, reg, insurance from pre tax dollars. So keep it going I suggest, but it may depend on you tax bracket.

One thing I did do was have my wife buy a…[Read more]

]]> a8012464ad998c7a94b4bf001a35295f JohnSmith replied to the topic Name cannot be on loan due to bankruptcy in the forum Help Needed! https://www.propertyinvesting.com/topic/4387245-name-cannot-be-on-loan-due-to-bankruptcy/#post-4556674 Thu, 02 Nov 2006 07:42:46 +0000 lburcham

Just be aware – your mortage broker mentioned 2 years, but as Terry mentioned, its more like 7 years before you wont have any difificulty, or pay higher rates.

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

]]> 13f3ac65c0b8e1576408ba8ca57a7712 JohnSmith replied to the topic Strata Fees in the forum Finance https://www.propertyinvesting.com/topic/4387229-strata-fees/#post-4556600 Tue, 31 Oct 2006 00:20:54 +0000 I would suggest you find 3 local strata managers and ask one of them if you can get a copy of the rules etc. The regulations may give you something that will allow you to find out what is happening. Also find out how much they charge and what they provide for that – Only tell one of them your problem, as you want biased and unbiased…[Read more]

]]> 7efad9839246c5d01badd5c3b72ba87e JohnSmith replied to the topic Dodgy Neighbours in the forum No Subject https://www.propertyinvesting.com/topic/4387226-dodgy-neighbours/#post-4556592 Mon, 30 Oct 2006 23:57:58 +0000 You can get real estate agents to act on your behalf to purchase.

You can use a company trust structure to purchase and ask the RE agent to make sure that your name is not on the contract anywhere. The biggest problem is the address, so you would need to register at a family members address.

If you already have a company trust structure, a…[Read more]

]]> e8280ee45962f29d42a3ad3dc2347df1 JohnSmith replied to the topic What to do next? in the forum Finance https://www.propertyinvesting.com/topic/4387227-what-to-do-next-2/#post-4556596 Mon, 30 Oct 2006 14:43:26 +0000 Will just add

Originally posted by as41:
WOuld you leave 20% deposit in it or go the full up to 5% only?

For a refinance you cant get to 95% with the two main insurers, and get money out, even though for one their guidelines say they will. If you go outside of them, then the rates will rise significantly. Obviously your strategy will determine…[Read more]

]]> 9e3f86f62bfccac2d0f4ec41ddf1c306 JohnSmith replied to the topic Dodgy Neighbours in the forum Help Needed! https://www.propertyinvesting.com/topic/4387226-dodgy-neighbours/#post-4556590 Mon, 30 Oct 2006 14:12:27 +0000 I like the offer side of it.

You could do some due diligence and prove that all units may rise in value if they were gone. If so maybe some of the other owners would join you to make the offer. Call it the Neighbours From Hell JV
:)

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

]]> 67e0e45d5892cf636d62898d12b3f696 JohnSmith replied to the topic Invest in property...looks like a dud to me. in the forum Help Needed! https://www.propertyinvesting.com/topic/4387224-invest-in-property-looks-like-a-dud-to-me/#post-4556569 Mon, 30 Oct 2006 14:07:16 +0000 arrowsmith

You are trying to look into it too deeply.

Your figures already prove that buying you own home is not a good investment in your eyes.

Most don’t buy a home for that reason. To some it is a forced way to save. To others it is emotional.

If buying an investment property, then you must include rent. Do you get a better return than the…[Read more]

]]> 35a469e961412571fbd9e5ae12269520 JohnSmith replied to the topic Advantages of using a company name. in the forum Help Needed! https://www.propertyinvesting.com/topic/4387114-advantages-of-using-a-company-name/page/2/#post-4556126 Mon, 30 Oct 2006 02:30:50 +0000 Hope this helps

It is a misconception that a Trust can pass back losses.

A trust can not pass through losses EVER, therefore a trust with a negative geared property can not pass through the loss where interest is higher than rent.

To get around the problem, you use a unit trust/hybrid trust.

The lender, lends the money to the person who will…[Read more]

]]> 96fc4866ade707d6dc3f79a214120e94 JohnSmith replied to the topic Divorce and Starting Again in the forum Help Needed! https://www.propertyinvesting.com/topic/4382961-divorce-and-starting-again/#post-4534150 Mon, 30 Oct 2006 01:22:59 +0000 Originally posted by Nathan Danker:
Hi

I believe that people are just better off remaining with their spouses in the first place, thus saving that headache.

Question: Is it true that in life we are going to have problems whatever we do in life?

Sooner or later we always want someone to be there, and it’s just as easy to remain with our…[Read more]

]]> 390ea6aa2fbbcafd6d4cafc2d3323fc4 JohnSmith replied to the topic When to start in investment property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4387206-when-to-start-in-investment-property/#post-4556511 Mon, 30 Oct 2006 01:12:52 +0000 you need to find out what your PPOR is worth.

Get 3 real estate agents around to give you an idea of how much you could get if you sold.

Now the price by them may be inflated, but the advice is free, whereas a valuer would cost.

go to realestate.com.au and look at Sales – find comparables for you area and house. That will also help.

Depending…[Read more]

]]> 94dde6ff65c2af85f9d91ca721f76672 JohnSmith replied to the topic Advantages of using a company name. in the forum Help Needed! https://www.propertyinvesting.com/topic/4387114-advantages-of-using-a-company-name/#post-4556114 Fri, 27 Oct 2006 01:44:20 +0000 The trust owns the property. What you do with beneficiaries or trustees does not affect who owns the property, and therefore there are no stamp duty issues.

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

]]> 0b5ccc59231fd6b9153d083ad26531cb JohnSmith replied to the topic l need to finance my place in the forum Help Needed! https://www.propertyinvesting.com/topic/4387144-l-need-to-finance-my-place/#post-4556262 Fri, 27 Oct 2006 00:33:14 +0000 Is this rural residential? If so I can get you a 90% LVR is you want.

I will PM you.

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

]]> a0d3263166038b9f453c67c5ea7b8062 JohnSmith replied to the topic forming a company to minimise tax in the forum General Property https://www.propertyinvesting.com/topic/4387159-forming-a-company-to-minimise-tax/#post-4556336 Wed, 25 Oct 2006 23:02:50 +0000 even my own companies are owned by trusts :)

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

]]> 0fabac2b2457a6caadc21771e020f309 JohnSmith replied to the topic Home or IP to begin? in the forum Help Needed! https://www.propertyinvesting.com/topic/4387190-home-or-ip-to-begin/#post-4556439 Wed, 25 Oct 2006 22:56:41 +0000 Good advice there from Simon

just add the preferred way is to say the money within a mortgage, as it is more tax effective.

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

]]> 5bd334d25c6d2d8ace05881d10ca09c7 JohnSmith replied to the topic equity in the forum Help Needed! https://www.propertyinvesting.com/topic/4387189-equity-14/#post-4556436 Wed, 25 Oct 2006 22:50:52 +0000 Just add – In todays market where deals come and go very quickly, having access to readily available cash can help.

HSBC in the worlds largest bank. Any better or any worse than any other bank? all different and all the same in their own ways

Regards
John

Inspired Finance
(02) 9944 7776

john@inspiredfinance.com.au
http://www.inspiredfinance.com.au

]]> 43e7d3e73b89bd42b05115914af9c35d JohnSmith replied to the topic help needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4387171-help-needed-29/#post-4556374 Tue, 24 Oct 2006 23:16:17 +0000 I like that advice Audrey, about ringing surrounding suburbs.

Whether P&I or IO should depend on your whole strategy.

IO means more cash in your pocket for servicing other loans, still alows you to pay extra if you want, and nowadays comes with redraw.

Regards
John

Inspired Finance
(02) 9944…[Read more]

]]> 1ea99a3437b278c39e06185799c82eb2 JohnSmith replied to the topic help needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4387171-help-needed-29/#post-4556372 Tue, 24 Oct 2006 21:57:35 +0000 IO is just about increasing cashflow.

Whether you hold it or sell it depends on your own investment strategy.

But it is increasing hard to find reasonable cash flow properties – if you sell it, then someone else gets the ongoing benefits. And the yield with a 20K population is good.

Regards
John

Inspired Finance
(02) 9944…[Read more]

]]> 46575c41005ac71598a00c8513b82ef0 JohnSmith replied to the topic Do I need financial adviser/planner? in the forum Finance https://www.propertyinvesting.com/topic/4387168-do-i-need-financial-adviserplanner/#post-4556362 Tue, 24 Oct 2006 10:09:29 +0000 Originally posted by Mortgage Hunter:

Are you a Financial Planner John?

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

LOL, no Simon I am not, as clearly stated.

I have held dealing licence’s for many years, and helped many investors structure their finance to continue buying. The question is…[Read more]

]]> b9621a1e0074db8b4787ba089dec5922 JohnSmith replied to the topic forming a company to minimise tax in the forum General Property https://www.propertyinvesting.com/topic/4387159-forming-a-company-to-minimise-tax/#post-4556332 Tue, 24 Oct 2006 09:47:09 +0000 Most of what you have asked is basic Taxation information, so any accountant will do and overall it will be inexpensive.

If you want an accountant that has more knowledge of trusts, then it can start to be expensive. Send me a quick email and I will send you some details of a few.

Regards
John

Inspired Finance
(02) 9944…[Read more]

]]> ab21e060e3e4113b1d7a6562205d33bc JohnSmith replied to the topic help needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4387171-help-needed-29/#post-4556369 Tue, 24 Oct 2006 09:35:14 +0000 Trish

There are too many variables, but at that price I would say it is small regional.

The numbers stack up, but without knowing the area, etc it is hard for anyone to say yay or nay.

For example – Is there mining close by, or is the town dying due to drought. More due diligence is required.

The other thing here – never trust the agent…[Read more]

]]> cd194330de612a01da4f3049ada3ae54 JohnSmith replied to the topic Advantages of using a company name. in the forum Help Needed! https://www.propertyinvesting.com/topic/4387114-advantages-of-using-a-company-name/#post-4556108 Tue, 24 Oct 2006 09:23:57 +0000 Exactly what Michael said.

When you do decide to look for an accountant, don’t just go to anybody – get some references to ones that really understand trusts, as the differences in what they know and don’t know can be huge.

I can point you to some in Syd, Melbourne, and QLD if you want – email me for their details when you need…[Read more]

]]> c63117c632207792eb5f26ca6756bad1 JohnSmith replied to the topic Do I need financial adviser/planner? in the forum Finance https://www.propertyinvesting.com/topic/4387168-do-i-need-financial-adviserplanner/#post-4556358 Mon, 23 Oct 2006 22:29:58 +0000 There are a few financial planners around that do property.

Although – there is no actual protection for investors under ASIC, who seek property advice. So you could be speaking to someone that is only offering you their own properties, and there is no comeback. This is why some of the property spruikers, who offer their own developments are…[Read more]

]]> fec5c4021f0f8bd2d83272aec2db8334 JohnSmith replied to the topic Selling an IP within 1 year - CGT issue in the forum Finance https://www.propertyinvesting.com/topic/4387013-selling-an-ip-within-1-year-cgt-issue/#post-4555650 Mon, 23 Oct 2006 22:15:18 +0000 Originally posted by Opportunity In Everything:
Isn’t it the settlement date of the purchase the date that counts here?

A simplistic way to look at this might be to say the event starts from the time rent is payable to you under the terms of the contract, this maybe before settlement but more likely not though. Possession seems to be the…[Read more]

]]> 0b915aab7d03ccef662e675588922562 JohnSmith replied to the topic leasehold in the forum General Property https://www.propertyinvesting.com/topic/4387160-leasehold/#post-4556342 Mon, 23 Oct 2006 22:06:10 +0000 I will differ per state. You will have to check what the details are.

Be careful if the lease only has 20 years or less left. finance companies will avoid or won’t lend against such properties. In fact if it has less than 30 year I would be careful.

Regards
John

Inspired Finance
(02) 9944…[Read more]

]]> daecc7768da3fec144d0978a8dc0a3f8 JohnSmith replied to the topic forming a company to minimise tax in the forum General Property https://www.propertyinvesting.com/topic/4387159-forming-a-company-to-minimise-tax/#post-4556330 Mon, 23 Oct 2006 22:02:05 +0000 – Can I form a company and purchase investment properties through that company?

Short answer is yes. Long answer is, you probably don’t want to. There are so many aspects to this, and much has to do with what the future holds for you. Something you can only partially predict.

You could look at purchasing in a trust, more specifically a hybrid…[Read more]

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