PropertyInvesting.com | luke86 | Activity https://www.propertyinvesting.com/members/luke86/activity/ Activity feed for luke86. Tue, 14 Apr 2026 22:30:40 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 f5f6f4e3e94c5c2281f9388cd5921a6e luke86 replied to the topic What has been the average capital gains? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410400-what-has-been-the-average-capital-gains/#post-4697224 Thu, 12 Dec 2013 02:44:44 +0000 Hi Paterson,

I have to say I disagree and do not think Mandurah will out perform.

The train line has been in place for a while and so any gains made because of that new infrastructure has already occurred. However the main reason why I do not think Mandurah will outperform is the supply- there are lots of new estates around Mandurah and so there…[Read more]

]]> ece056fff53047d1a49aa1975dd52168 luke86 replied to the topic $800 per square metre in the forum Value Adding https://www.propertyinvesting.com/topic/4406145-800-per-square-metre/#post-4665930 Tue, 25 Sep 2012 13:26:57 +0000 I have had one built for about $100 000 which is what Joe85 has indicated.

But this would not include driveway, fence, landscaping etc (if required).

Cheers
Luke

]]> 09c0496146b959c213a521d9362c95ec luke86 replied to the topic Finance help for Bargain Opportunity in the forum I would also be wary as if https://www.propertyinvesting.com/topic/4407339-finance-help-for-bargain-opportunity/#post-4675245 Sun, 12 Aug 2012 09:11:43 +0000 I would also be wary as if the bank is preparing to sell the properties for less than what you will pay for them, maybe you are paying above market value.

Luke

]]> 7e9b962a2f930dbdcd591dd577b9ffac luke86 replied to the topic Finance help for Bargain Opportunity in the forum Can your friend provide https://www.propertyinvesting.com/topic/4407339-finance-help-for-bargain-opportunity/#post-4675244 Sun, 12 Aug 2012 09:10:36 +0000 Can your friend provide vendor finance for some/all of the properties?

]]> 2a2bedc24c705e963e07627106043ac1 luke86 replied to the topic How to find when a house was built in the forum Help Needed! https://www.propertyinvesting.com/topic/4407242-how-to-find-when-a-house-was-built/#post-4674483 Thu, 26 Jul 2012 12:45:26 +0000 Ring your council and ask for a copy of the occupation certificate, that will have the date on it. Its free.Cheers,Luke

]]> 119adf39d8029584dd472804d3385cbe luke86 replied to the topic knowledge in the forum Help Needed! https://www.propertyinvesting.com/topic/4407211-knowledge/#post-4674306 Tue, 24 Jul 2012 06:37:16 +0000 Buy one or a few of the books Duckster listed- that should cover the different costs.Cheers,Luke

]]> d41f4a9bbeabeb74b061f6983ca2e8cc luke86 replied to the topic 2 WA Markets, Can't Chose Which One? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407220-2-wa-markets-cant-chose-which-one/#post-4674363 Tue, 24 Jul 2012 06:35:21 +0000 I would personally not buy property in either area.There is far too much developable land nearby for my liking and so not really a scarcity factor around houses. You just have to drive about 10 minutes out of Armadale and you are in the open fields of Byford.Just my thoughts.Luke

]]> d6d2269049948288b1ab569726e6cb0a luke86 replied to the topic Cost of a new ceiling + insulation - Ipswich in the forum Value Adding https://www.propertyinvesting.com/topic/4394070-cost-of-a-new-ceiling-insulation-ipswich/#post-4592126 Thu, 19 Jul 2012 07:34:25 +0000 vsdabhi wrote:
Hi,I have bought a prop in Perth (SOR) and there are many visible cracks in the ceiling of one room. Room size about 3X4m. Can anybody give a rough idea how much will it cost to remove old one and replace a new ceiling? We can do painting on it because we need to paint house.Thanks

I wouldnt worry about cracks unless they are…[Read more]

]]> 2cba41d990c2a8464c0056872c84fb18 luke86 replied to the topic Desperate Situation, need help ASAP! in the forum Help Needed! https://www.propertyinvesting.com/topic/4407129-desperate-situation-need-help-asap/#post-4673827 Tue, 17 Jul 2012 01:19:20 +0000 You could sell the property, take a hit and move on with a lesson learned?If you can't afford to sell the property and take a $50k hit then you are probably not in a position to invest in an additional property so I wouldnt think that this would negatively affect your ability to purchase more properties.Cheers,Luke

]]> 46055503836cad0ea6c68c422eaed487 luke86 replied to the topic Shipping container homes in the forum Help Needed! https://www.propertyinvesting.com/topic/4407084-shipping-container-homes/#post-4673465 Mon, 16 Jul 2012 10:29:57 +0000 You will probably find that shipping containers are not used for construction camps because they are much more expensive than sandwich panel type donga's to build due to the large amount of steel compared to the dongas typically used.And I agree, the footings aren't needed to hold the container up but rather to hold it down during storms and high…[Read more]

]]> 89f9d52bc61b20f5b5fcafbb9b529a5d luke86 replied to the topic Shipping container homes in the forum Help Needed! https://www.propertyinvesting.com/topic/4407084-shipping-container-homes/#post-4673460 Wed, 11 Jul 2012 14:08:17 +0000 Yes you will certainly need some kind of footings or tie downs to prevent the container tipping in a strong wind. Or at least a certificate from an engineer saying that the building complies with the building codes in order to get an occupation certificate.Cheers,Luke

]]> b2ba95410de90cce39b151af2bab9dc2 luke86 replied to the topic Lower valuation than the purchase price in the forum Help Needed! https://www.propertyinvesting.com/topic/4406341-lower-valuation-than-the-purchase-price/#post-4667666 Mon, 09 Jul 2012 14:12:38 +0000 Yes I have had a low valuation on a property that I was interested in. I made an offer of $335k subject to an acceptable valuation. The valuation came back at $315k. I went back to the vendor and said that the valuation was low and I would not be able to get finance approved, and submitted a new offer for $315k as this was what the valuation was…[Read more]

]]> 2876e019058a6b255abc38830588680b luke86 replied to the topic Loan for deposit? in the forum TheFinanceShop wrote: Also https://www.propertyinvesting.com/topic/4407012-loan-for-deposit/page/2/#post-4672846 Tue, 03 Jul 2012 05:07:36 +0000 TheFinanceShop wrote:
Also re off the plan purchases please be careful and make sure you invest the money and have a good solictor review the terms and conditions of the contract, e.g. the last thing you want is to get to Q3 2014 and be advised that the construction has been delayed for another year or more.

Or even worse get to Q3 2014 and…[Read more]

]]> c20c6752d276a7e6009449ce73565597 luke86 replied to the topic Loan for deposit? in the forum Finance https://www.propertyinvesting.com/topic/4407012-loan-for-deposit/#post-4672838 Mon, 02 Jul 2012 13:31:55 +0000 Whatever you do don't cross securitise. Do yourself a favour and give a mortgage broker who knows what he is talking about a call- Jamie who has posted on this thread certainly does.Cheers,Luke

]]> 4454be5fb2bd8884ceb03e454e6dcaf0 luke86 replied to the topic Who do i speak to ? :- Western Suburbs / Sydney in the forum Help Needed! https://www.propertyinvesting.com/topic/4407009-who-do-i-speak-to-western-suburbs-sydney/#post-4672801 Mon, 02 Jul 2012 05:06:08 +0000 Yes I did mean town planners who work at the council. You can go and see them in person but they may or may not be much help.Luke.

]]> dc5c57c9f882e6d6d9f6ab6a8c3149bd luke86 replied to the topic Insurance needed for strataunit? in the forum Ask for the insurance policy https://www.propertyinvesting.com/topic/4406983-insurance-needed-for-strataunit/#post-4672679 Thu, 28 Jun 2012 12:56:54 +0000 Ask for the insurance policy details from the Strata committee. I think typically the strata insurance covers the building and loss of rent associated with any major damage, but does not cover fixtures or fittings within the individual units. You can get contents insurance to cover this if you want to.Cheers,Luke

]]> 129ef5b684ed35aaf6aaad0e9c7cfad2 luke86 replied to the topic Equity Question in the forum Yes I would think it could https://www.propertyinvesting.com/topic/4406984-equity-question-4/#post-4672681 Thu, 28 Jun 2012 12:54:48 +0000 Yes I would think it could be done via a loan type arrangement. I have heard someone (I cant remember his name) from Chan and Naylor talk about equity shifts as an asset protection strategy. They charge an arm and a leg so I am sure there is someone out there who could do it for a more reasonable fee.What are you trying to achieve? Asset…[Read more]

]]> 683e73d180ff979fab5b1339308b63a9 luke86 replied to the topic Selling a tenanted duplex - separate or bundle? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406973-selling-a-tenanted-duplex-separate-or-bundle/#post-4672628 Wed, 27 Jun 2012 07:33:49 +0000 Generally you will be able to sell each half of the duplex individually for more (combined) than if you sold them in one line. The reason is that if you sell them individually, you can market the duplexes to home buyers and investors, whereas if you sell them as a pair in the one line you are lmiiting your target market to just investors with e…[Read more]

]]> 89a80c6b450427954a28cd156d0ca689 luke86 replied to the topic Sole trader - finance in the forum Finance https://www.propertyinvesting.com/topic/4406889-sole-trader-finance/#post-4672077 Tue, 26 Jun 2012 02:39:49 +0000 Hi Marty/Others,In regards to working under an ABN though an agency, how does this effect borrowing ability? For example, I have been employed in engineering for 5 years under a salary arrangement, but am considering taking up a position where I am paid under an ABN through an agency. Would this impact my borrowing ability if I want to purchase…[Read more]

]]> d9597cce9812f1b459aaf3551f52b8f1 luke86 replied to the topic smsf tax in the forum The implications for https://www.propertyinvesting.com/topic/4406952-smsf-tax/#post-4672535 Mon, 25 Jun 2012 02:12:51 +0000 The implications for depreciation are exactly the same as if the property was owned outside of a SMSF- it reduces the taxable income.Cheers,Luke

]]> bf44d9f6be13123d24830169b17118e9 luke86 replied to the topic iNTEREST RATES in the forum Finance https://www.propertyinvesting.com/topic/4406907-interest-rates-24/#post-4672201 Wed, 20 Jun 2012 02:12:07 +0000 Hi Zehra- 6.59% is quite a high interest rate to be paying.I would think that you should be able to refinance to another bank and pay 5.7% – 5.9% on a variable rate (depending on your loan amount). There are good brokers on this forum that can help you- try Richard Taylor or Jamie M.Cheers,Luke

]]> 74cb5b85fa75c52f9fe76e0c3e241690 luke86 replied to the topic Am I on the right track? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406903-am-i-on-the-right-track-3/#post-4672166 Tue, 19 Jun 2012 13:31:00 +0000 Hi David- it looks like you are pretty heavily geared and with little in the way of savings, and at 90-95% LVR there is little room for setting up a line of credit.I would start saving more money so you have a buffer in case interest rates rise or you have any other unexpected expenses. A income tax variation would help with that.And due to this I…[Read more]

]]> d3cfc566d4e8404bbd72febf2f20e1d2 luke86 replied to the topic How to break a fixed rate exit fees in the forum Yes, it is all politics. I https://www.propertyinvesting.com/topic/4406707-how-to-break-a-fixed-rate-exit-fees/page/2/#post-4670839 Tue, 12 Jun 2012 07:47:20 +0000 Yes, it is all politics. I am not convinced that the government was actually trying to implement change. I think they were mostly concerned with trying to look like they were looking after the average battler and going after the big greedy banks. And the reason for doing this was so they can win votes.

]]> b6f23581731ae2a10b71f249f96ed627 luke86 replied to the topic How to break a fixed rate exit fees in the forum Finance https://www.propertyinvesting.com/topic/4406707-how-to-break-a-fixed-rate-exit-fees/page/2/#post-4670834 Tue, 12 Jun 2012 07:01:00 +0000 Michael- I dont think you can win on this 'battle' with the banks. If banks can't charge break fees (or exit fees if you want to call it that- lets not debate semantics) then they would not be able to offer fixed interest rates. Otherwise, everytime the variable rate drops below the fixed rate, everyone would just break their fixed rate contract…[Read more]

]]> dc8a143a2d0d2a3b5cc562fdc412d03b luke86 replied to the topic Perth Property Market - sub $400K in the forum I thionk the Perth market is https://www.propertyinvesting.com/topic/4406836-perth-property-market-sub-400k/#post-4671664 Tue, 12 Jun 2012 03:01:01 +0000 I thionk the Perth market is one of the best in the country, along with Sydney. The population growth in Perth is the highest out of any capital city, and with lots of mining activity there is quite a bit of money floating around.However Perth does not have the geographical supply problems that Sydney does so I think that while the inner areas of…[Read more]

]]> a225e3b62f6e20fff6ef5dc88fbb7000 luke86 replied to the topic How to excel in the Property Game in the forum Help Needed! https://www.propertyinvesting.com/topic/4406828-how-to-excel-in-the-property-game/#post-4671635 Mon, 11 Jun 2012 13:27:06 +0000 Hi Amit- Correct me if I am wrong but you are looking for a scheme where you can make large amounts of money without using any of your own money and without any experience?If you have some equity in your home then you can use this to obtain a line of credit to use for investing. You could start by doing a small subdivision project or small…[Read more]

]]> 80b2c55b13d0c96a0d2e0643d042e1ca luke86 replied to the topic Water leak who pays in the forum Help Needed! https://www.propertyinvesting.com/topic/4406789-water-leak-who-pays/#post-4671374 Fri, 08 Jun 2012 05:21:59 +0000 Sounds like you pay it. It is not the tenants fault that there was a water leak as it was due to general wear and tear on the property. Cheers,Luke

]]> b90ec848191df4e6a1377b9953d1dcd9 luke86 replied to the topic Martin Ayles in the forum General Property https://www.propertyinvesting.com/topic/4406790-martin-ayles-4/#post-4671379 Fri, 08 Jun 2012 05:20:13 +0000 He has recently done interviews for the past 2 iclub packs, but dont think he is doing any tours or anything again as yet. I think he spoke at the Mega (sales pitch) Conference so maybe someone who went to that would know more.Cheers,Luke

]]> f6921306aab20c36b7f778f2e9f138d4 luke86 replied to the topic Suburbs with renovation potential in the forum Value Adding https://www.propertyinvesting.com/topic/suburbs-with-renovation-potential/#post-4670544 Mon, 04 Jun 2012 09:32:24 +0000 There is also lots of things to look into with the wide range of sales. g. Dlwich Hill in Sydney has a wide range of sale prices, but the expensive units are art deco units and the cheaper properties are in 1980's brick apartment buildings. No matter how well you renovate a property in this market, you will not be able to sell a unit in a 1980's…[Read more]

]]> 897b33097cdc234d1667f358382a8268 luke86 replied to the topic How to break a fixed rate exit fees in the forum Finance https://www.propertyinvesting.com/topic/4406707-how-to-break-a-fixed-rate-exit-fees/#post-4670808 Tue, 29 May 2012 04:50:18 +0000 Sorry I should have said break fee not exit fee when I was talking about the fixed rates.Break Fee is to break a fixed rate contract that you had with a bank. Because you are breaking a legal contract, you need to pay the break fee that you agreed to when you signed up.Cheers,Luke

]]> 512e7ee47f45de8afa6ff700b39f57bc luke86 replied to the topic How to break a fixed rate exit fees in the forum Finance https://www.propertyinvesting.com/topic/4406707-how-to-break-a-fixed-rate-exit-fees/#post-4670805 Tue, 29 May 2012 04:27:55 +0000 Agree with Richard- the banks will make their money one way or another so I dont see how abolishing exit fees will reduce the costs for the consumer. The banks will either charge higher interest rates or just charge up front application fees. I couldnt see anything wrong with the deferred loan establishment fee as it was pretty clear what it was…[Read more]

]]> e727e0e90d694f0d153a824221af3bf1 luke86 replied to the topic Naracoorte S.A. in the forum General Property https://www.propertyinvesting.com/topic/4406705-naracoorte-s-a/#post-4670784 Tue, 29 May 2012 02:59:57 +0000 I have no knowledge on the area but would be surprised if a small regional town with a population of less than 5000 had capital gains this large in the past year. Has a new mine opened in the area or some other major industry? Or were the statsitics based on a very small sample of sales and skewed by unusually high sales?Would be interesting to…[Read more]

]]> 3313f0484ce88a4c3c941382c982ac84 luke86 replied to the topic Help - Reduce Tax & get family assistance in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406706-help-reduce-tax-get-family-assistance/#post-4670789 Tue, 29 May 2012 02:55:43 +0000 Hi Eric-it is whose names are on the title that gets the tax treatment and rental income from properties. So if you and your wife each own a 50% share in the properties and the loan is in 100% your name, the rental income and tax deductions get split 50/50 between you and your wife.You may be able to transfer the ownership of the properties with…[Read more]

]]> 4d017c1139d0ad2cfb0437342c0b20c5 luke86 replied to the topic Contruction Costs in the forum Hi Marie- it depends on a https://www.propertyinvesting.com/topic/4406682-contruction-costs/#post-4670610 Sun, 27 May 2012 23:51:48 +0000 Hi Marie- it depends on a lot of things. Standard of finishes, one story vs two story, where the property is being build (i.e. inner city vs outer suburbs of a capital city vs small regional centre), etc all have a big impact.Cheers,Luke

]]> e59225ed6166c658aa50438a76a63fcb luke86 replied to the topic GUIDANCE REQUIRED in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406663-guidance-required/#post-4670493 Fri, 25 May 2012 01:04:06 +0000 Better asset protection in trusts and also a better tax structure.If you held in your own name and you sold, all of the capital gains would be declared on your tax return and you would pay tax based on your marginal rate. But if you held in a discretionary trust you could distribute some to yourself, some to your wife, some to your parents, some…[Read more]

]]> 325f02b8021a94ee618ce8450abd03a6 luke86 replied to the topic GUIDANCE REQUIRED in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406663-guidance-required/#post-4670491 Fri, 25 May 2012 00:51:51 +0000 scha9799 wrote:
Put under trust is a safe way to go as far as asset protection goes.just check up your land tax threshold, if you buy under your and your partners name, the land tax will be treated as differently as you hold under trust.eg if the threshold is 200,000 then under your and your partner ( as family) you can have 200,000 + 200,000 =…[Read more]

]]> 55b7bd0f81aa9da94127b1c1d5f2ff37 luke86 replied to the topic GUIDANCE REQUIRED in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406663-guidance-required/#post-4670488 Thu, 24 May 2012 08:26:01 +0000 Hi,If you are building a complex of 5-6 units on these blocks of land and you have enough equity/cash to put into the project, then I douct that you will need presales to get finance. As long as there is a solid exit strategy at the end (i.e. either refinance to hold or sell some and refinance the rest or sll all of them) and you can either…[Read more]

]]> f3b5b3aba06549dc970dfc497ea27061 luke86 replied to the topic how to assess if a subdivision deal is worth going for or not? in the forum Value Adding https://www.propertyinvesting.com/topic/4406660-how-to-assess-if-a-subdivision-deal-is-worth-going-for-or-not/#post-4670474 Thu, 24 May 2012 08:19:03 +0000 Wow I got really confused trying to read that.I think you are asking do you determine whether a project is feasable based on either a % return target or a cash profit target. You probably should work on a combination of both, but instead of just basing all your figures on one set of sell prices and build costs, base your calcs on a number of…[Read more]

]]> 1b8c99aadf5a021976a5387e0a95caab luke86 replied to the topic How to get foot into the door in the forum Help Needed! https://www.propertyinvesting.com/topic/4406630-how-to-get-foot-into-the-door/#post-4670099 Mon, 21 May 2012 01:11:47 +0000 And sorry in answer to your question- I saved approx $30k to purchase my first property. I also used the $14k first home owners grant to put towards the deposit and claimed the stamp duty expemtion for first home buyers. I am now living in a rented unit and have rented this apartment out to a nice tenant who pays her rent on time.Luke.

]]> 793029daa55daf231f2902851e6471a7 luke86 replied to the topic How to get foot into the door in the forum Help Needed! https://www.propertyinvesting.com/topic/4406630-how-to-get-foot-into-the-door/#post-4670098 Mon, 21 May 2012 01:05:26 +0000 Hi Wannagetthere,Along the same lines as the above posts- Most people I know who own propetry have had $20k – $80k lying around to get themselves started. Unless you have a friendly family member who can put up equity as security or lend you money, then you will need to save a deposit.Also, without the money management skills to save money,…[Read more]

]]> de01833f8c7aa6c0e3d6730d0727dbcd luke86 replied to the topic Tenant seeking compensation, real estate agent hard to get contacted !! in the forum Help Needed! https://www.propertyinvesting.com/topic/4406597-tenant-seeking-compensation-real-estate-agent-hard-to-get-contacted/#post-4669852 Thu, 17 May 2012 02:00:25 +0000 Hi Andy- you could always let the tenant know he can move out if he isnt happy with the driveway. It sounds like you could get another tenant easily, probably paying higher rent than the current tenant if units with no car spaces/garages are renting for the same as yours. Either way, there is no way I would be paying any compensation.Seriously,…[Read more]

]]> 82b18b7867347434dd3f7a88e5e315ae luke86 replied to the topic URGENT!! Council threatening to pull my dads buildings down. NSW in the forum Help Needed! https://www.propertyinvesting.com/topic/4406493-urgent-council-threatening-to-pull-my-dads-buildings-down-nsw/#post-4669013 Fri, 11 May 2012 01:49:04 +0000 40% is ridiculous, they are clearly taking you for a ride. If I were in your position, I would let the contract fall through, get a planner like Christain to help you sort out the problem with the council, and then put the house on the market again.Cheers,Luke

]]> 7b4d65b8771c260f7818040844429e6f luke86 replied to the topic Renovation courses/mentoring in the forum Help Needed! https://www.propertyinvesting.com/topic/4406550-renovation-coursesmentoring/#post-4669546 Fri, 11 May 2012 00:52:01 +0000 If you can get the Renovate for Profit couse for 50% off then that is a good deal. It is very useful- spreadsheets, videos. audio etc. I do not do renovate for profit as such, but it has lots of good ideas that can be applied to other strategies like developments and subdivisions.Cheers,Luke

]]> 3dddb770f5429eb34b6222c40d336ec6 luke86 replied to the topic SYDNEY - FIRST HOME - WHAT TO BUY? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406269-sydney-first-home-what-to-buy/#post-4667085 Fri, 04 May 2012 05:22:27 +0000 And please make interest only payments and put any extra money into an offset account so you dont have the same problem as thousands of other people on this forum with needing to redraw money from the loan to buy an upgraded PPOR in five years time.Luke.

]]> a60b1564739c66cc6173363cfd07e3de luke86 replied to the topic Adding Equity Through Solar Panels? in the forum Value Adding https://www.propertyinvesting.com/topic/4406498-adding-equity-through-solar-panels/#post-4669063 Fri, 04 May 2012 05:20:28 +0000 I doubt it will increase the value by anymore than $10k (at best).As I see it, adding value through renovations/improvements works best with items that make an immediate impression like new paint, new kitchen, bathroom renovation etc. These are things that add a wow factor and play on the emotional side of the buyer. Another reason is that fpr…[Read more]

]]> 17d2c6749b7464f63451da826efc038b luke86 replied to the topic How and Where to Set up Trustee Company? in the forum General Property https://www.propertyinvesting.com/topic/4406496-how-and-where-to-set-up-trustee-company/#post-4669041 Fri, 04 May 2012 00:28:11 +0000 Trusts aren't registered with ASIC, but a corporate trustee (a pty ltd company) if one is used needs to be. Trusts are registered with the Office of State Revenue and also Land Titles Office (I think) in the state it was set up.Luke.

]]> aed8d081f89cb35c041e74cc96c9edaa luke86 replied to the topic How and Where to Set up Trustee Company? in the forum General Property https://www.propertyinvesting.com/topic/4406496-how-and-where-to-set-up-trustee-company/#post-4669040 Fri, 04 May 2012 00:24:38 +0000 Read the book "Trust Magic" by Dale Gatherum Goss, "What Every Property Investor Needds to Know about Finance Tax and the Law" by Michael Yardney and/or 'Family Trusts" by Nick Renton. These books are quite good and explain the basics.Cheers,Luke

]]> a701719c3a62e8b84c19004f76fbc161 luke86 replied to the topic Should I set up a trust? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406489-should-i-set-up-a-trust/#post-4668971 Fri, 04 May 2012 00:22:44 +0000 And sorry I was meant to add- a $500 stamp duty charge for setting up a trust in NSW is irrevelant and shouldnt affect your decision.

]]> f5ec16f5f9af5a72151e07049fc58566 luke86 replied to the topic Should I set up a trust? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406489-should-i-set-up-a-trust/#post-4668970 Fri, 04 May 2012 00:21:43 +0000 Sounds like you shoudl set up a trust based on your comment. The advantages would surely outweigh any short term negatives like negative gearing being trapped in the trust, slightly higher accounting fees and the set up costs.As Terry said you should think long term. What do you want your investments to look like in 20 years? Would it be better in…[Read more]

]]> cdc4d7432fd986f63844451f48f34634 luke86 replied to the topic Will adding landscape to property make it worth more in the long run? in the forum Creative Investing https://www.propertyinvesting.com/topic/4406495-will-adding-landscape-to-property-make-it-worth-more-in-the-long-run/#post-4669025 Fri, 04 May 2012 00:19:25 +0000 Agree with Jamie. It will certainly make it look better on realestate.com.au and so will get more people through the door.I would personally hold off on doing any work untill it comes time to sell, unless possibly if you were considering refinancing in which case it may result in a higher valuation and so more equity to extract out. Of course it…[Read more]

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