PropertyInvesting.com | kelly1100 | Activity https://www.propertyinvesting.com/members/kelly1100/activity/ Activity feed for kelly1100. Tue, 14 Apr 2026 14:59:43 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 41a41e2e43372a18cd8d545f94909ceb kelly1100 replied to the topic Another CGT Question in the forum No Subject https://www.propertyinvesting.com/topic/4369103-another-cgt-question/#post-4437108 Wed, 29 Oct 2003 07:32:18 +0000 I’ve sort of answered this question in another post, however, I have problems with the whole acre/hectare conversions thing.

Bottom line….your principal place of residence and up to 2 hectares of land is CGT free, anything over the 2 hectares you’ll pay capital gains tax on. There is no time limit on how long you have to hold a property and…[Read more]

]]> f33dec4701193900a8fc6dd232fe8fc4 kelly1100 replied to the topic cap gains tax on own residence? in the forum General Property https://www.propertyinvesting.com/topic/4369080-cap-gains-tax-on-own-residence/#post-4436946 Tue, 28 Oct 2003 08:03:24 +0000 By own residence I take it you mean your principal place of residence…in that case no CGT on the house and 2 hectares of land, regardless of how long you have had it. Anything over 2 hectares – you’ll pay CGT on it if it’s been purchase after the implementation of CGT (Sept 1985 or thereabouts)

]]> 633c24686b2519449b2256393f14a84f kelly1100 replied to the topic Is capital gains tax paid in this situation? in the forum General Property https://www.propertyinvesting.com/topic/4369074-is-capital-gains-tax-paid-in-this-situation/#post-4436926 Tue, 28 Oct 2003 06:55:05 +0000 Have you been living in the house as your PPOR?

Capital Gains tax is payable on the sale of shares or property that is left to you in a Will. Shares you can’t avoid, but property – if you turn it into you principal place of residence then no CGT.

Cost base for a property would be taken at date of death (from memory) not the date that it was…[Read more]

]]> a1ce18b19d321bfbd062f00760b9cf79 kelly1100 replied to the topic Tax time for property investment in the forum No Subject https://www.propertyinvesting.com/topic/4368580-tax-time-for-property-investment/#post-4432799 Sun, 12 Oct 2003 23:10:11 +0000 If you are an accountant then you would probably be aware of the recent case handed down by the Administrative Appeals Tribunal regarding depreciation on rental properties. There was a short article on it in the CPA magazine at the beginning of the year. I think you can look up the actual case on the ATO website. It was FCT v McCormack from…[Read more]

]]> ae54c9bb34b804d915bdb0a612fae89d kelly1100 replied to the topic how to retire by 40? in the forum General Property https://www.propertyinvesting.com/topic/4368593-how-to-retire-by-40/#post-4432870 Fri, 10 Oct 2003 06:28:08 +0000 Just doing some basic maths here – feel free to correct me…

buy 1 property per quarter for 5 years. Figures worked on each property being $70k with your provided 10% deposit. That’s $28,000 per year in savings. That would be hard to achieve as a single person and even harder as a single parent.

Wouldn’t you need to be looking at a take home…[Read more]

]]> 71c0baa25b7ed1fb0a4409faf12052cc kelly1100 replied to the topic traveling claim? in the forum Opinionated! https://www.propertyinvesting.com/topic/4368542-traveling-claim/#post-4432553 Tue, 07 Oct 2003 03:59:46 +0000 Have a look on the ATO website…www.ato.gov.au and do a search for Motor Vehicle expenses. There are lots of ways to claim, but in your particular instance.

“I often drive from the follow sort of format
from H being home..

H-A-B-A-H

and would like to know exaclty what i can claim”

A-B-A-H I would suspect.

]]> ab0fac16fb59dbb861ba06d576b1b85b kelly1100 replied to the topic Renovation With CGT in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368141-renovation-with-cgt/#post-4429818 Wed, 24 Sep 2003 04:53:33 +0000 Comdom hi, on the Tax side well…..

If you run it as a business and your turnover is more than $50,000 then you must register for GST. You claim back input tax credits on everything you spend renovating the place and pay GST on the sale price when you sell. Check with the ATO about the margin scheme regarding GST.

As for income tax. What you…[Read more]

]]> d89bc10e58cf5c614ca19b46fab8ae6e kelly1100 replied to the topic Renovation With CGT in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368141-renovation-with-cgt/#post-4429813 Tue, 23 Sep 2003 23:16:17 +0000 If your ONLY income was from buying, renovating and selling houses, I imagine you would be classed as running a business and the houses you are purchasing would be treated as stock. In much the same way as a share trader who aggressively trades shares for a living treats the shares purchased as stock.

You would therefore have an opening stock…[Read more]

]]> f36aaaf1278139e30db75c95b3cdeb49 kelly1100 replied to the topic capital gains tax?? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368116-capital-gains-tax-5/#post-4429683 Tue, 23 Sep 2003 06:27:24 +0000 Also need to know how long you have held the property you are going to sell and whether or not it has ever been you PPOR. Reason. If you’ve held the property for more than 12 months (ie 366 days) you are entitled to a 50% discount on the CGT. If you’ve lived in it at some stage as your PPOR, never declared another property as your PPOR, have…[Read more]

]]> d0d76c97435587618f6e04e87d14dbaf kelly1100 replied to the topic Trust Set-up in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367957-trust-set-up/#post-4428883 Sun, 21 Sep 2003 22:26:51 +0000 I had a chat to the ATO about this topic….out of interest. They gave me three points to consider.

1. The purpose of the plan. The ATO said that if the idea was to claim deductions that you would not normally be able to claim, ie. rates, maintenance etc, they would consider it a tax avoidance scheme.

2. Capital Gains Tax – you loose the PPR…[Read more]

]]> 5c17eef131acea62afb120e8722eb5c5 kelly1100 replied to the topic Trust Set-up in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367957-trust-set-up/#post-4428878 Thu, 18 Sep 2003 04:23:09 +0000 The idea of selling you PPR to a Company or Trust and then renting it back yourself is, I am dead certain, definitely not allowed by the ATO. I think it was a case Phillips v FCT, but I’m open to correction here.

]]> b727c299b1561dd2edf114148925a517 kelly1100 replied to the topic CGT advice in the forum No Subject https://www.propertyinvesting.com/topic/4367897-cgt-advice/#post-4428547 Tue, 16 Sep 2003 06:50:44 +0000 Is this vacant land – CGT is assessed on the increase in value (with some other factors thrown in) and you pay tax on the Capital Gain dependant on the marginal tax rate bracket you fall into.

There have been lots of CGT type questions and answers posted here in the past. Have a look back through or have a look on the ato web-site

]]> da3992d140b1a12a825198df30f4131d kelly1100 replied to the topic Population Growth Figures for QLD in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367253-population-growth-figures-for-qld/#post-4424738 Wed, 27 Aug 2003 00:55:23 +0000 Nothing unexpected there. Lots and lots of “cashed-up” southerners coming up to the Sunshine. God help them when we get a decent cyclone season.

Queensland prices seem to be on the up and the locals (I’m from the “hills”) say its because the people coming up from south are accustomed to high prices down there and are happy to pay those sort of…[Read more]

]]> 3b362f3d7b8f5561b6ab986f46825346 kelly1100 replied to the topic What's your profession? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367252-whats-your-profession/#post-4424477 Wed, 27 Aug 2003 00:51:26 +0000 Boring old “beancounter” I’m afraid.[:I][:I] Tax Accountant[}:)][}:)] on the Sunshine Coast.

]]> bc93a46b3d4ecccd48a12c8d3660b8c5 kelly1100 replied to the topic Trust Fund ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367224-trust-fund/#post-4424344 Tue, 26 Aug 2003 04:16:14 +0000 Michael as an accountant, I normally provide my clients with a copy of tax returns on request. If a client is leaving a practice (I’ve just started my practice and have a few clients from the old practice I worked with coming to me now), I normally request the following:

1. Copies of 2002 (prior year) tax returns for all entities ie. family…[Read more]

]]> b031b5e64146d7725ef91c6edd9b016b kelly1100 replied to the topic Little or nothing down in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367214-little-or-nothing-down/#post-4424296 Mon, 25 Aug 2003 23:53:30 +0000 These were residential IP’s. Three units at Caloundra and one house at Perigian. There are (so I’ve heard on the grape-vine) a number of property developers on the Sunshine Coast who will do deals with E Banc Trade Dollars. But I also hear on the same grape-vine that the ATO are VERY VERY interested in the whole trade dollar set up.

You could…[Read more]

]]> 5eed0f5536f4919f113c8fef0566449e kelly1100 replied to the topic Little or nothing down in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367214-little-or-nothing-down/#post-4424294 Mon, 25 Aug 2003 23:44:49 +0000 I’ve seen clients push through contracts with 120% of the property value as the contract price. But these deals have involved E Banc Trade Dollars and finance. 70% is financed, 30% is trade dollars and 20% comes back to the client in cash. I never could get my head around it.

]]> 855d63e29024dc0d2144ab9aa2d1f12f kelly1100 replied to the topic New Property CGT in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367206-new-property-cgt/#post-4424235 Mon, 25 Aug 2003 23:41:06 +0000 The sale of any new residential property “that has not been sold before” is subject to GST….provided you are running a business…..tricky area.

You may actually have 2 CGT events happening. One on the land and one on the “improvements” ie the house. Holding costs can come off the cost base ie legals to buy/sell, agents commission etc.

]]> 659080bd0de77cad42215ac06b3a95ac kelly1100 replied to the topic What do you think of Biloela??? in the forum No Subject https://www.propertyinvesting.com/topic/4367161-what-do-you-think-of-biloela/#post-4423899 Sat, 23 Aug 2003 03:18:23 +0000 Not a clue about the answers to your questions, but good questions to ask the real estate agent. Thanks heaps.

]]> f68ee69d366727f376922247c8d67a0d kelly1100 replied to the topic How to start with $800K + 3IP's ? in the forum No Subject https://www.propertyinvesting.com/topic/4367130-how-to-start-with-800k-3ips/page/2/#post-4423735 Sat, 23 Aug 2003 03:11:55 +0000 Max 1999 if you buy a property and renovate it, the costs of the renovation will be added to the cost base of the property. So if you buy a property for $200,000 and throw another $100,000 (big figures in whole dollars are easy to work with), your cost base for the asset (property) becomes $300,000. If you then sell that property for $500,000…[Read more]

]]> d84b139ecb6a996901e80937eff78081 kelly1100 replied to the topic Gladstone, Rocky and Kingaroy????? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367125-gladstone-rocky-and-kingaroy/#post-4423697 Fri, 22 Aug 2003 05:18:06 +0000 [:)]Melanie Hi, no I’m not Bne based, actually on the Sunshine Coast. How do you know of Dymphna Boholt?

]]> 39d0852a0bc14113273f1d6714c8173a kelly1100 replied to the topic How to start with $800K + 3IP's ? in the forum No Subject https://www.propertyinvesting.com/topic/4367130-how-to-start-with-800k-3ips/#post-4423724 Fri, 22 Aug 2003 02:01:45 +0000 [:)][:)]Bad new all round guys….no tax relief for adoption (at least none that I know). Trust me if there was I have a teenager going cheap.

CGT relief in Trusts – to answer Michael’s question. In a trust you can still access the 12 month 50% reduction in CGT, in a company you can’t.

Example…buy for $100,000 hold for 12months and 1 day, sell…[Read more]

]]> 4dc5fc628c9670e63421ab6348709900 kelly1100 replied to the topic Will you buy if -ve gearing is abolished? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367108-will-you-buy-if-ve-gearing-is-abolished/#post-4423564 Fri, 22 Aug 2003 01:55:42 +0000 [^]I think it is only a matter of time (short) before Costello and Carmody put their heads together and take a long hard look at the number of people who are repeatedly selling PPR’s in any given time frame. I can see the Gov’t and ATO either legislating (gov’t) of issuing a ruling (ATO legislation by default) to put a time limit on PPRs ie. you…[Read more]

]]> fae7e7ec54d246d0144afe6ed1a5a1a4 kelly1100 replied to the topic Gladstone, Rocky and Kingaroy????? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367125-gladstone-rocky-and-kingaroy/#post-4423694 Fri, 22 Aug 2003 01:39:43 +0000 Thanks for the advice. I realise I have a lot (read huge) amount to learn. I’m finding this forum both informative and entertaining.

I hope in time to be posting the news of my first IP.

What do people think about JV’s. I have a number of friends and clients that are interested in forming a JV to invest in property. We have a builder,…[Read more]

]]> 8cd41ed4f18077cf3fca7fdf25b2cea3 kelly1100 replied to the topic How to start with $800K + 3IP's ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367130-how-to-start-with-800k-3ips/#post-4423716 Fri, 22 Aug 2003 01:36:52 +0000 Michael I wouldn’t be buying a property in a company….no CGT relief in a company. Purchase in a trust.

Sounds like you’ll be on your way quickly. Good luck, I’m sure you’ll do well.

]]> 1e3df9bbf0ddb8f58196d6e0365a8d53 kelly1100 replied to the topic Residential tax deduction ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367124-residential-tax-deduction/#post-4423686 Fri, 22 Aug 2003 01:34:52 +0000 Sorry been doing someone’s tax returns – yipee.

If you own the property and then basically rent it back to yourself I can see you having problems with the ATO.

Years ago you could buy your PPR in a company or trust structure and then rent it back yourself, but the ATO have cracked down on that. I would imagine that you’d have the same problem…[Read more]

]]> 163a4157589194eb26ca2c49bb27a741 kelly1100 replied to the topic Residential tax deduction ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367124-residential-tax-deduction/#post-4423681 Thu, 21 Aug 2003 23:32:01 +0000 So if your IP is owned in the trust and you want to rent it out to an unknown third party (arms length transaction) and your local authority allows you to do so…then I can’t see a problem.

Anyone else have some sage words of wisdom here???

]]> 73962872de42f7d6ce2ffb8fa47849e9 kelly1100 replied to the topic Residential tax deduction ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367124-residential-tax-deduction/#post-4423679 Thu, 21 Aug 2003 23:20:47 +0000 So your structure is Company as corporate trustee for the Family trust.

Or

Michael Family Trust trading as ABC PTY Ltd

Have you already set this structure up. I’m in QLD so maybe things are different up here….just about everything is “different” up here.

This isn’t answering your question, however, most of my clients are structured like…[Read more]

]]> 5d2b92a9afe042360aab5c8fd4cb5561 kelly1100 replied to the topic New member in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367122-new-member-2/#post-4423667 Thu, 21 Aug 2003 23:13:18 +0000 1.5kms from Brisbane CBD – are you talking Spring Hill, New Farm sort of area.

]]> 20e2a01d3513ec4d1fdb8da5000017a8 kelly1100 replied to the topic Residential tax deduction ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367124-residential-tax-deduction/#post-4423677 Thu, 21 Aug 2003 23:05:34 +0000 Thats something you’d have to check with your local authorities I would imagine. When you say company trust….what exactly do you mean as a company is one thing and a trust is another.

]]> e67554f1913d23601bce03b8c281dc0f kelly1100 replied to the topic Brisbane Meeting in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367032-brisbane-meeting-2/#post-4422933 Wed, 20 Aug 2003 05:44:10 +0000 Where in Brisbane. I’m on the Sunshine Coast….hilly and tourist ridden Maleny. I’d be interested in meeting like minded people. I’ve friends up here who are also interested in property…perhaps we could get a Sunshine Coast meeting together too???

]]> a059b59f3c55df4f92d14e94c92f2f54 kelly1100 replied to the topic Tax depreciation schedule in the forum No Subject https://www.propertyinvesting.com/topic/4367029-tax-depreciation-schedule/#post-4422919 Wed, 20 Aug 2003 00:41:50 +0000 Little Bee if you are renting both of these properties out then the cost of a Quantity Surveyors Report (Tax Depreciation Schedule) is deductible against the income being earnt.

Check that the company/professional you are using for these schedules is up to date with changes in the tax law. There was an Administrative Appeals case handed down by…[Read more]

]]> 37e97e089eb001f60a409182262b285c kelly1100 replied to the topic Trusts are not for everyone ! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367021-trusts-are-not-for-everyone/#post-4422875 Tue, 19 Aug 2003 04:18:56 +0000 There is obviously a lot of merit in the old saying

“Don’t do business with family”.

Good luck.

]]> d78851783efcf5724cbd59f3cb31d591 kelly1100 replied to the topic company trust fund or both??? in the forum No Subject https://www.propertyinvesting.com/topic/4367013-company-trust-fund-or-both/#post-4422827 Tue, 19 Aug 2003 01:09:05 +0000 Kristine sorry to take so long to get back to you. Yes your accountant is correct. If you are a director of a company then your personal assets as a director of that company are up for grabs. Just ask the HIH guys!!!

You can protect your PPR with debt however.

Regards trusts and companies. Yes there are set up costs. A company will cost you…[Read more]

]]> e42e5dcdab91a10b62951e947d214a44 kelly1100 replied to the topic Trusts are not for everyone ! in the forum No Subject https://www.propertyinvesting.com/topic/4367021-trusts-are-not-for-everyone/#post-4422869 Tue, 19 Aug 2003 00:26:36 +0000 Hi Chris01. If you were just doing wraps with the property, I’d imagine that the purchaser would have that problem. I know of accountants who recommend that you purchase your “wrap” properties in a separate trust, so perhaps it is still your problem.

If anyone, Steve perhaps, has some better insight on this topic, I’d be interested to hear.

]]> 496d766e39590ca0376b123c12e27fe8 kelly1100 replied to the topic Trusts are not for everyone ! in the forum No Subject https://www.propertyinvesting.com/topic/4367021-trusts-are-not-for-everyone/#post-4422867 Mon, 18 Aug 2003 05:11:17 +0000 rx2_73, some accountants will hard sell the whole Trust scenario based on the “if” factor. IF you have an “uninvited guest” on your rental property and they fall off the balcony and break their necks – sue you for damages – you won’t be covered under your insurance….apparently “uninvited guests” aren’t covered under insurance. IF your property…[Read more]

]]> 486ade63a25e998f73fe7120cf6020cf kelly1100 replied to the topic Discretionary Trust & CGT Discount in the forum No Subject https://www.propertyinvesting.com/topic/4367022-discretionary-trust-cgt-discount/#post-4422883 Mon, 18 Aug 2003 04:58:35 +0000 To the best of my knowledge a trust, either discretionary or unit, still has the advantage of the 50% discount on capital items held for more than 12 months. Companies get no CGT relief ie. companies pay tax on the whole capital gain at 30%

Someone correct me if I am wrong because this is how accounting practices I have worked for are accounting…[Read more]

]]> dee1aa5863643c750817681df4e7b271 kelly1100 replied to the topic Choosing a bank? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367011-choosing-a-bank/#post-4422808 Mon, 18 Aug 2003 00:29:07 +0000 It’s my understanding that the reason you’d spread your loans between different banks is so that whenever you go asking for another loan the bank doesn’t have to revalue your entire portfolio of properties.

I may be entirely mistaken here, but it’s something I was told by a “property investing accountant” on the Sunshine Coast.

]]> d8e9e8bdde0a97851724891b7509b5f6 kelly1100 replied to the topic company trust fund or both??? in the forum No Subject https://www.propertyinvesting.com/topic/4367013-company-trust-fund-or-both/#post-4422822 Sun, 17 Aug 2003 23:32:41 +0000 [:)][:)]Kristine a CGT event is shorthand for a “Capital Gains Tax” event. In its simpliest form a capital gain occurs when you sell a property for more than you paid for it. CGT doesn’t apply to your Principal Place of Residence (PPOR or PPR). It is a fairly complicated part of the Tax Act but you can read up about it on the ATO web site or in any…[Read more]

]]> 6de2c3bc205f804eaee1770909b4f323 kelly1100 replied to the topic Accountants Hourly Rates wealthmanagement.com??? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366924-accountants-hourly-rates-wealthmanagement-com/#post-4422287 Fri, 15 Aug 2003 05:32:54 +0000 I wish I was pocketing $75 an hour. I’m an accountant doing tax and asset protection. My charge out rate is $120 per hour but I don’t see that much come back to me in my pay packet!!!!!

I agree with TerryW – be careful “interviewing” accountants because some of them will bill you for their time. As I mentioned in my previous post, we charge…[Read more]

]]> 7fc6c4cfa755bec0dd3f71968261a720 kelly1100 replied to the topic Accountants Hourly Rates wealthmanagement.com??? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366924-accountants-hourly-rates-wealthmanagement-com/#post-4422281 Thu, 14 Aug 2003 06:21:25 +0000 In answer to KennyC…”how long is a piece of string”. Accountants generally charge out their time in anything from 6-15 minute intervals at anything from $90/hour upwards.

The better your records the less it should cost you, provided of course that it all makes sense to your accountant. Often what is perfectly logical to you, makes absolutely…[Read more]

]]> 277447ccc407e65353ce32190826463c kelly1100 replied to the topic Question on Accountants and Trusts in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366937-question-on-accountants-and-trusts/#post-4422406 Thu, 14 Aug 2003 06:04:40 +0000 I have clients who have the following structure

A company which acts as the corporate trustee for both a discretionary trust and a unit trust. The discretionary trust is the holder of the units in the unit trust. For every new property they purchase they set up a new unit trust. Obviously they “re-use” unit trusts when they sell off a…[Read more]

]]> 0f9fd4477f6751986fd0b538f57bfeb9 kelly1100 replied to the topic Question on Accountants and Trusts in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366937-question-on-accountants-and-trusts/#post-4422404 Thu, 14 Aug 2003 05:58:09 +0000 There are quite a few different types of trust:-
1. Discretionary Trust
2. Unit Trust
3. Testamentary Trust
4. Bloodline Trust, and
5. Hybrid Trust.

The difference between a discretionary trust and a unit trust is that the trustee of a discretionary trust has the “discretion” to distribute profits to beneficiaries in any ratio he/she/it sees…[Read more]

]]> 42af280811e629405a98abe63df55915 kelly1100 replied to the topic Develop existing rural property????? in the forum No Subject https://www.propertyinvesting.com/topic/4366916-develop-existing-rural-property/#post-4422203 Wed, 13 Aug 2003 05:20:04 +0000 Thanks for the suggestions. Chris Maleny is lovely but way too many tourists for the locals (that’s me I guess). We thought about putting cabins in for the tourists but access to the back of our property is a bit tricky…unless the tourist feels like hiking it and having no power when they get there.

We (I) figures that putting at least one…[Read more]

]]> c871464bef827abe886cd927b70b1b17 kelly1100 replied to the topic Develop existing rural property????? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366916-develop-existing-rural-property/#post-4422201 Wed, 13 Aug 2003 04:25:40 +0000 Thanks for the input. Yes we can build another dwelling on the property. When I say “Cattle” it’s a bit of a joke really, 65 acres can feed about 11 head – but like most of Aust, no rain no feed. The cattle are more like glorified lawn mowers with a twice a year kill for the freezer.

There is an acute shortage of rental properties in my area.…[Read more]

]]> 73746f3901ea607586289e7add152746 kelly1100 replied to the topic Develop existing rural property????? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366916-develop-existing-rural-property/#post-4422197 Wed, 13 Aug 2003 03:36:43 +0000 I see a few people have read this…but could someone please give me some advice. Is this a good idea or not.[?][?][?][?][?][?][?][?][?]

]]> ef5762c964eb2bc5572b6181cd776f62 kelly1100 replied to the topic Landlord vs Tenant in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366915-landlord-vs-tenant/#post-4422183 Wed, 13 Aug 2003 03:21:26 +0000 When I said can’t just “not settle”, I meant you can’t just decide you aren’t going to go ahead with the settlement ie you need a reason as in a clause of the contract hasn’t been met. I’m in QLD so I’m not familiar with Property Law in other states. I am aware that contracts often go past the stated settlement date on the contract, however this…[Read more]

]]> 1de71808943cb75a130d82eced54dad6 kelly1100 replied to the topic Landlord vs Tenant in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366915-landlord-vs-tenant/#post-4422179 Wed, 13 Aug 2003 01:52:19 +0000 You can’t just “not settle”, especially if the contract is unconditional. Getting him to drop the price on the deal by the difference in the rent is not a bad idea, however, you’d probably be stuck drawing up a new contract as this will effect the stamp duty etc.

Whats that old “legal” phrase they teach in every legal studies course – Offer,…[Read more]

]]> 56a727f9f42d1cfd1bdfeefd0ce189be kelly1100 replied to the topic Landlord vs Tenant in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366915-landlord-vs-tenant/#post-4422175 Wed, 13 Aug 2003 01:42:37 +0000 Talk to your solicitor. I would be looking to enforce vacant possession on settlement, but I think you need some legal advice. If you had a clause in the purchase contract regarding the rent stipulating an amount then you would have no problems….other than getting the money out of the man…but you would have had the option to sue him for…[Read more]

]]> be40f617ddc04b9f4b47d7dc99d9036e kelly1100 replied to the topic Landlord vs Tenant in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366915-landlord-vs-tenant/#post-4422172 Wed, 13 Aug 2003 01:33:28 +0000 What does your contract to purchase say. You should have a clause in it stipulating the rent to be paid and the fact that the vendor would be renting the property for a 12 month period after settlement.

Go back and look at your contract. If you have no clauses in there to effect the rental to the vendor, the vacant possession on settlement. He…[Read more]

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