Forum Replies Created

Viewing 20 posts - 1 through 20 (of 434 total)
  • Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    Even if your in the BUSINESS of buying and selling, can GST not be claimed on the repairs and alterations?

    How does it work at tax time if you paid for a repair or alteration at $1,000 plus GST, $1,100 including GST, and lets say you made a capital gain of $50,000,
    Do you cut the $50,000 to $25,000 as you have owned the property longer than 12 months,
    and then do they take $1,100 off your profit of $25,000, which leaves $23,900 taxable income
    Or do they calculate the GST portion differently???

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    It would but good to see low rates like this, other banks may follow and better the deal

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    I did mean that one. couldn't remember the name when I was typing and was to tired to go google it

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    Looks like they cut the rate fellas, what was wrong with your crystall ball 

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    How about running it under residential? zoning is resi

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    Hi Richard. Semi commercial/residential, solid investments and always occupied, I have had them financed under resi and com.

    So do you think if I have 25% solid equity in the properties, that there are some banks that would finance the deal based on my original post?

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    i AGREE.

    Why get all worried about whats happening in another country or whats happening down the street, the only thing people should be interested in is how they are going to make another dollar and what changes they need to make to there life/business etc to keep turning the wheels.

    If Japan goes down then all these negative people will probably help Australia follow as they have been talking negative so long and will probably make a snowball effect, why talk negative, I don't see the point, talk postive and help the economy go ahead, it is better for everyone.

    Remember a few years ago, USA was the big talk, it's gonna colapse it will never recover, bla bla, look at it now it's in recovery mode, then Europe was the big talk, plenty of my mates that live there say they have plenty of work on and making plenty of money, Then Australia mining was the big talk, it's going to collapse Au, what a load of C.ap, sure its going down but it will not collapse, now Japan is the big talk, where to next, Who cares, just talk positive and make money you negative people or just talk negative and live negative, I no which one I would rather choose.

    Its like the Gold Coast, Half price properties, 50% shaved off Gold Coast homes, what a load of cr.p, yea 50% was shaved of some of the over priced homes which were bought in the peak of 2007 and the people paid way to much for them, but there was not many at this price, some apartments also had a good hit but there was an over supply of them, some areas of the Gold Coast did not see any decline and actually increased in value but you did not hear about this from the negative, and some suburbs seen only around 10% reduction but then a lot of suburbs Au wide seen 10% discounts, its just the media etc making the stories sound extreme but it is a load of rubbish, now only a few years on we are starting to hear that the Gold Coast is making a come back, prices are recovering, to be honest I see more money to be made on the Gold Coast than in any other city over the next few years, there is lots starting to happen here.

    So people don't get worried about what is happening in Japan, just work out what is happening around you and how you can make money etc.

    Think about it, if Japan went bust today, how would it effect you, it probably won't other than you getting worried over something that doesn't effect you.

    It's like the elections, why do some people wait to see what is going to happen before they commit to anything, what ever happans happans and we all still need to push forward otherwise we will be stuck in behind closed doors all our lifes.;)

     

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    Had enough of my bank, everything is to slow for me and holds me up from getting further ahead, every day they take is another day I loose and when I ask for something simple which just requires the push of a button they ask me to jump through hoops, after paying them hundreds of thousands in interest I would have expected better service

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    I have been over charged several times and had money refunded, best to check although I rarely do. Due to check again actually 

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    No cash out. I can put cash in if required, currently 75%

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    Details as supplied above Shahin, I own the properties and the company overseas would be new with no history to start with, loan needs to be based only on rent income currently recieved.

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    Thanks Terry, 8% would be to high, I would only pay upto 5%.

    I would have thought someone putting up 35% cash equity would be better than some one only putting up only 10 or 20%

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    tanner just because one or two people say Gold Coast is a dud it does not mean that it is, I have been investing here since 2008 and I have my ear close to the ground all day every day and currently things are changing and values are going to increase, there are some suburbs that  have been booming on the Gold Coast over the past 12-15 months and most people wouldn't have a clue it is happening other than the people watching or living in these suburbs, I no of one suburb that you drive around the streets and all you see is sold signs every where and this suburb has been increasing in value for some time now.

    As god of money points out there is the new Gold Coast university hospital which will be complete in September which cost $1.8 billion dollars to build and the hospital is the biggest in the Southern Hemisphere, what will this do to values? 

    I hear there is a private hospital to be built along side.

    Griffith university is also doubling in size, mmm where will these people live.

    pacific fair is having a $500 million make over. Surfers through to mermaid beach is going to be transformed as well, money will be spent to transform Gold Coast hwy.

    There is $90 billion currently being splashed around or will be.

    $1 billion jewel towers to be constructed.

    possible new cruise terminal.

    mayor Tom Tate says he is expecting to see at least 12 cranes in the air in the next 12 months.

    Tom has reduced infrastructure charges to increase building activity, in some cases 100% discount.

    gold coast house values increased 7.4% over the last 12 months on average.

    gold coast turned about mid 2012.

    go try buy a house and you will find you have competition.

    i was at a auction last week, average house 3 bed had 40 people at the on site auction with 7 or 8 bidders, sold under the hammer, vehicles were slowing when passing to see what was going on, people were cued on the street.

    most people are behind the eight ball and you will still hear people bagging Gold Coast but things are changing.

    prices have been hit here but you watch when they rebound, yea you would of heard 50% slashed blah blah but this is mainly apartments or high valued properties or properties where people have over paid, some properties never dropped in value at all and some even increased in value, I just picked up 65% profit on a property I bought a few years ago, I bought in the resession and sold in a worse market than I bought in and still made 65%. Right now is the time to buy on the Gold Coast because 2014 will be to late in most the good suburbs.

    they say when the Gold Coast booms it booms and when it busts it busts which is very true, and as I believe we are out of the bust and just starting to gear up at the bottom which is the place to be.

    to many positives for it not to increase in value.

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    Thanks, do you think a pricefinder or rpdata online valuation would do the job

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    thankyou terry. I tried searching the margin scheme but couldn't quite find what I was looking for.

    Just another thought, if I moved into the property for 6 months and then sold it in its current state as a whole piece of land , how would the capital gains tax be worked out,

    A, say its worth $600,000 today and I sell in 6 months for $650,000 would I pay tax upto $600,000 and then the remaining $50,000 would be tax free as it would be my ppor or is it worked out differently? 

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    Lets say you bought 30 properties at $400,000 each and you put down 20% cash deposit on each so balance owing to the bank was $320,000 each, lets say each property was returning $500 per week $26,000 per year, you fixed the loans at say 5.3% $17,000 interest only repayments then lets say you spent $3,000 which covered insurance rates and cosmetics, now you have $6,000 left over per property per year, would the banks be happy with serviceability etc?

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    Computer only runs slow on this site and it happens as soon as I open pi, any other website and my computer is fast,

    I have tried firefox and I found other sites to run slow.

    I am still running internet explorer as I find it to be good.

    This website is the only one I have problems with

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    1 year fixed 4.79% with ubank

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    Ah yes, I forgot about that little box, no doubt something will be in there

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    Hi Terry,

    I could not find any terms and conditions which stated that I could not buy a domain name which they were advertising for sale.

    The only thing I could find was on a invoice which I received after making payment

    This email confirms that your payment has been received. Your order is subject to further processing. Crazy Domains does not guarantee that the products in your order will still be available once this processing is complete.

Viewing 20 posts - 1 through 20 (of 434 total)