Total Members: 158,033

Firefly

  • Firefly started the topic Subdivison of PPOR – Tax Implications in the forum Legal & Accounting 1 week, 6 days ago

    Hi,

    We have purchased our forever home which sits on 21 acres and are subdividing off 3.5 acres. My previous accountant told me that all I needed was a real estate agent’s appraisal of the value of each proposed block comparable to the purchase price for the declaration of profit. My new accountant initially advised to get a full valuation done…[Read more]

  • Firefly started the topic Subdivison of PPOR – Tax Implications in the forum Legal & Accounting 1 week, 6 days ago

    Hi,

    We have purchased our forever home which sits on 21 acres and are subdividing off 3.5 acres. My previous accountant told me that all I needed was a real estate agent’s appraisal of the value of each proposed block comparable to the purchase price for the declaration of profit. My new accountant initially advised to get a full valuation done…[Read more]

  • Firefly replied to the topic Stamp duty work around – 2 lots under one purchase in the forum Creative Investing 1 year, 3 months ago

    Hi Steve!

    Thank you for taking the time to write a reply :) I actually thought as much, but wanted to throw it out there just in case someone had a ‘creative’ work around!

    It still stacks up for us even with having to pay full weight on SD due to what we plan on doing with it… but it would be nice if we could keep that extra $20k – $50k in…[Read more]

  • Firefly started the topic Stamp duty work around – 2 lots under one purchase in the forum Creative Investing 1 year, 3 months ago

    Hi,

    We have found our dream property which isn’t on the market but the owner is potentially looking to sell. It’s a large 10+ Ha block with two lots and two titles which will be sold in one line. To be able to afford to do, what we want to do, we’ll have to sell the smaller lot and do a simultaneous settlement. We’re talking $2.5m – $3m purchase…[Read more]

  • Firefly replied to the topic BRENDAN NICHOLS HOME STUDY COURSE AND MORE in the forum Buy, Swap & Sell 3 years, 3 months ago

    Hi, I’d prefer pick up at this stage as we’re packing to move, but if it doesn’t go, I’ll see what it would cost to post for you. Cheers.

  • Firefly started the topic BRENDAN NICHOLS HOME STUDY COURSE AND MORE in the forum Buy, Swap & Sell 3 years, 3 months ago

    Huge collection of Brendan Nichols and a couple of others. Sydney (Miranda 2228) pick up, $50 the lot, need gone ASAP as we’re moving interstate!

    I can not work out how to add a photo sorry! But have one ready!!!

     

  • Firefly changed their profile picture 8 years, 5 months ago

  • Firefly replied to the topic Trying to decide to buy an investment property in Aus or NZ ? in the forum Overseas Deals 8 years, 5 months ago

    Hi Roach,

    I’m slightly seasoned in Australia, have traveled to USA with Steve McKnight and have my super invested in his USA fund and have just gotten back from NZ where I have now made two formal offers. My hubby is from NZ and we are looking at buying in his home town, which is a uni town with very low vacancy rates and still the opportunity…[Read more]

  • Hi,do you still have this? Could you please sent me details.

    Thank you

  • Firefly started the topic URGENT help needed regarding OFF THE PLAN with SEVERE DEFECTS in the forum Help Needed! 8 years, 10 months ago

    Hi,

    My friend has come to me for help however i’ve personally never bought off the plan before. She has bought her very first PPOR “Off the plan” in 2013 and it is now all going horribly wrong. She purchased a duplex within a “heritage listed” building which the builder was changing from a boarding house, back into a 2 unit duplex. The builder…[Read more]

  • Firefly‘s profile was updated 8 years, 11 months ago

  • WOW, i went to Steve's last seminar and not even HE, a proven, respected, self made property mogul, would dare suggest that anything is so absolute and definite!!! Scamp, are you as qualified as him to be giving advice??? Otherwise i'm guessing that yourself and a few others on here have managed to aquire magical crystal balls somewhere and in t…[Read more]

  • KIZ replied to the topic Buying Unit in Group of 4 in the forum Hi Budgy,
    I was at Melbourne
    15 years, 10 months ago

    Hi Budgy,I was at Melbourne too, it was a great weekend wasn't it! To answer your question, you can do quick reno's in an apartment block if the numbers add up but there are a couple of things you need to be mindful of….You need to check your strata bi-laws and make sure you renovate within them. For example, some units don't allow top floor…[Read more]

  • KIZ replied to the topic How to flip a property in the forum Creative Investing 15 years, 11 months ago

    i have so much to learn :) and stamp duty…. arrggghhh!!!

  • KIZ replied to the topic Bank foreclosing on property – we have been asked if we would like to buy in the forum Help Needed! 15 years, 11 months ago

    Looks fantastic, well done!!! Would love to see some b4 pics, do you have any?

  • KIZ replied to the topic Selling house but went to keep fmy fixed intrest loan, ideas? in the forum Finance 15 years, 11 months ago

    Anrobel, i recently discussed this with my broker and he said as long as you have a 2nd property to secure the LOC against then it isn't a problem. Haven't had first hand experience myself though so i'm not 100% sure of the finer details. Definately worth a shot though :D

  • KIZ replied to the topic How to flip a property in the forum Creative Investing 15 years, 11 months ago

    What an AMAZING opportunity! Have you considered signing contracts yourselves at the 600k asking price and then onselling it for 800k within the settlement period? Have the 2 settlement days on the SAME date and you effectively have a "NOTHING DOWN DEAL". If you are concerned at all about the 'buyer' committing, give yourselves an OUT clause in…[Read more]

  • KIZ replied to the topic how much did you spend renovating your bathroom? in the forum Value Adding 15 years, 11 months ago

    P.S If you have a BUNNINGS in your area, they conduct DIY workshops for free on the weekends for everything from tiling to decking and pergolas. Great start for anyone new to DIY and even better when its free!

  • KIZ replied to the topic how much did you spend renovating your bathroom? in the forum Value Adding 15 years, 11 months ago

    Hi again! James007 i'm in Sydney and use laws auctions at whetherill park for my tiles and vanities. Ebay has been great lately too for shower screens and fittings. $10,000 is not a HUGE amount for a bathroom but you can definately do it cheaper. Plumbing was my biggest cost on the 2nd job as i had to move a lot of the pipework. Nami is correct,…[Read more]

  • KIZ replied to the topic Refunding of LMI in the forum Help Needed! 15 years, 11 months ago

    I have been refunded on my last 2 loans. The first loan i settled in 8 months and received about 50% back and the second loan i settled after 17months and still got around 40% back. (The second cheque came from gemworth) Both of these refunds though i owe to my fantastic mortgage broker who applied for them on my behalf. I'm sure if that wasn't…[Read more]

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Firefly

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