Total Members: 158,149

Kurtuk

  • Kurtuk replied to the topic Tax on investment property whilst overseas in the forum Legal & Accounting 9 years, 4 months ago

    Thank you all for your great help!

    Terry – you have helped me in the past on the forums, and will definately give you a buzz if I need a lawyer!

    Cheers

  • Kurtuk replied to the topic Tax on investment property whilst overseas in the forum Legal & Accounting 9 years, 4 months ago

    Hi guys,

    Thank you very much for your responses. Looks like I am going to need some professional advice.

    Where does the line get drawn about whether I go to an accountant or a lawyer?

    Cheers

  • Kurtuk started the topic Tax on investment property whilst overseas in the forum Legal & Accounting 9 years, 4 months ago

    Hi All,

    I am looking at buying some investment property. I also have a PPOR.

    I am looking at moving to Canada for a few years and will rent out my PPOR whilst in Canada and continue to rent out my Investment Property.

    How does this affect my tax situation? If I am negatively geared on the investment property and am not an Australian resident,…[Read more]

  • Kurtuk started the topic 1 propertyat $700k or two at $350k each in the forum Help Needed! 9 years, 4 months ago

    Hi All,

    I have pre approval for about $700k. My initial thoughts were buying two places at $350k so that I can diversify etc, but this also means I will pay double stamp duty, rates, bills etc….

    Would it be worth my while rather spending $700k in one property to minimise the bills and hopefully get a higher caliber tenant?

    I am looking at…[Read more]

  • Kurtuk replied to the topic Risk in serviced apartments in the forum Help Needed! 9 years, 7 months ago

    Hi Benny,

    From a price perspective it is pretty good. Its in innner Brisbane about 2km from the CBD (Bowen Hills, Fortitude Valley area).

    Body corp is on par with the area at roughly $1,200 per qtr. Rates are also normal at roughly $300 per qtr.

    Its close to the extensive development at the RNA showgrounds so hoping the property will…[Read more]

  • Kurtuk replied to the topic Risk in serviced apartments in the forum Help Needed! 9 years, 7 months ago

    Hi Jamie,

    Thanks for your comment.

    I believe not all the apartments in the block are serviced. There are owner occupiers and other rentals that are not “serviced apartments”. We have already received preaproval on our finance but not 70% at all. I will call the bank on Monday to ask them about this.

    Apart from the possible 70% LVR, there are…[Read more]

  • Kurtuk started the topic Risk in serviced apartments in the forum Help Needed! 9 years, 7 months ago

    Hi all,

    I am looking at purchasing a flat in South East Queensland for $400k. We have been offered the options of using the apartment as a serviced apartment and we will be paid $550/week which is way more than what we would get if we rented it out privately. They will also paint and re carpet the apartment and it would be a 4 year contract so…[Read more]

  • Kurtuk replied to the topic New or old unit????? in the forum Help Needed! 10 years, 2 months ago

    Good idea Wilko. I suppose the reason to revalue would provide the opportunity to tap into the freshly generated equity to buy more property and also provide justification to charge more to tenants?

    Bit of a "how long is a piece of string question" here but for the investors out there that renovate and then revalue, what return are people…[Read more]

  • Kurtuk replied to the topic New or old unit????? in the forum Help Needed! 10 years, 2 months ago

    Hi all,

    thanks for the great advice. 

    As I am looking at taking more if an active investment strategy, I think an older unit might be the answer and renovate only when i need to so that I can delay the renos as close to to when I sell the place as possible.

    cheers

    kurt

  • Kurtuk replied to the topic New or old unit????? in the forum Help Needed! 10 years, 2 months ago

    Thanks you all!

    Great advice!

  • Kurtuk replied to the topic Young Property Investors Brisbane in the forum Heads Up! 10 years, 2 months ago

    Hi MunMun5,

    My wife and I have just registered on the Meetup site and will be there. Great idea!

    Cheers

    Kurt

  • Kurtuk replied to the topic New or old unit????? in the forum Help Needed! 10 years, 2 months ago

    Thanks for the great comments all.

    It looks like the general consensus in definitely for old.

    Richard – it would be greatly appreciated if you could email the API article ([email protected])

    A question I now have for all of you is this (which has stemmed from Steve's book I am reading):
    Assuming I buy an older unit, would you suggest
    1)…[Read more]

  • Kurtuk replied to the topic Buying IP as family using one PPOR as equity in the forum Help Needed! 10 years, 2 months ago

    Hi Terry,

    Yes Dad is still working so hopefully that won't be problem.

    Thanks  for all your comments on the rest. Looks like there is hope!

    Cheers

    Kurt

  • Kurtuk replied to the topic New to investing with not much capital in the forum Help Needed! 10 years, 3 months ago

    Hi All,

    Firstly I would like to say thank you for all your replies (even if a few of them provided some bad/realistic news). I really appreciate all your opinions and your knowledge sharing is great!

    Regarding my PPR, it's in Eatons Hill QLD. When we first bought it, lifestyle had more of a preference than location. We had just come from the UK…[Read more]

  • Kurtuk replied to the topic New to investing with not much capital in the forum Help Needed! 10 years, 3 months ago

    Hi Benny,

    We bought the place in March 2012 for $533k. Personally I feel we got it for a good price as the owners had built elsewhere and needed to get out. We have also totally gutted and redone the master bathroom ($10k), and had a fire place put in for $3k (yes Qld does get cold :) ). 

    Therefore assuming the bathroom and fireplace have added a…[Read more]

  • Kurtuk replied to the topic New to investing with not much capital in the forum Help Needed! 10 years, 3 months ago

    Thanks for the swift reply Jamie. 

    Basically I am just taking what I owe the bank ($505k) from what I paid for the property $540k. 

    Is this the wrong way to look at things?

    Cheers

Kurtuk

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