Total Members: 158,548

mark76g

  • mark76g started the topic I need some inspiration in the forum Help Needed! 5 years, 2 months ago

    My situation,

    IM 42 and I have to support my wife and young son.
    My wife is a foreigner applying for a pr and cant work in and kind of meaning full employment.
    I quit my office job years ago to scratch out a basic living advertising things on the
    internet from home. I really hate bosses.

    Ive wanted to get involved in property ventures over the…[Read more]

  • mark76g replied to the topic im being foreclosed what a mess in the forum Overseas Deals 12 years, 1 month ago

    Well said lawsjs,

    The bank has treated me in a horrible way. They have no representative like an account manager who I can make a deal with. Its like being foreclosed by an automated computer program its all call centre staff and nobody is responsible.

    To think its not possible for the bank to send me a simple email saying hey we notice you’ve…[Read more]

  • mark76g replied to the topic Whats the best thing to do with 250,000 right now in the forum Help Needed! 12 years, 8 months ago

    Ive been down this road road before. When I say I cant borrow I really mean it.
    I have no Bas no statements no accountants letter. Its just me trading on the internet under my own name.There is no physical stock and no record of what im doing. The ATO just has to take my word for it.

    Old style low doc loans were just a signed declaration. No BAS,…[Read more]

  • Wow this is confusing.So I  cant claim on a house somebody is already building. Ok that makes sense.I can claim on a house my company has purchased the land for and then employed a builder to build on. OKIf I sell the house I have to give the GST back. So the real question is what if I dont sell the house but I say my intention was to sell…[Read more]

  • You seem very negative about this idea. If its legal the why wouldn't I do it ?Just to clarify this seem to be the best way to use it.Suppose I want to build an investment property. I get an accountant to set up the right structure. I buy the land as ABC company. ABC company then employs a builder to build the house for say $200,000. It claims…[Read more]

  • Hi,
    An accountant once told me its possible to claim back the GST when I build a new property as long as I dont sell the property with five years.
    This is a huge bonus as it is effectively a 9%+ reduction on the price of the house.
    I was wondering if somebody can explain to my how this works.

    Im not registered for GST myself so I assume I would…[Read more]

  • Hi,
    An accountant once told me its possible to claim back the GST when I build a new property as long as I dont sell the property with five years.
    This is a huge bonus as it is effectively a 9%+ reduction on the price of the house.
    I was wondering if somebody can explain to my how this works.

    Im not registered for GST myself so I assume I would…[Read more]

  • mark76g replied to the topic Should I set up a family trust in the forum Legal & Accounting 12 years, 8 months ago

    Thanks for the advice .Im still a bit confused.The two properties im buying are positively geared but the depreciation and other write offs should still add up to more than the netprofit from the rent at the end of the year.I could form a unit trust with a corporate trustee to hold the properties but  it sounds like the only real benefit I will…[Read more]

  • mark76g replied to the topic Whats the best way to sell my USA property in the forum Overseas Deals 13 years, 5 months ago

    Its in San Antonio texas.

  • mark76g replied to the topic Im having trouble disputing Phil Jones and his deedlien.com website. in the forum Help Needed! 13 years, 11 months ago

    I stopped using the site back in November 09.
    The support and information given on the site was terrible. I actually travelled to the US and wasted 2 months and thousands of dollars going
    to deed auctions. The site was no help at all. I paid for a supposed special level of silver support but there was hardly anybody on the silver support forum…[Read more]

  • mark76g replied to the topic Im having trouble disputing Phil Jones and his deedlien.com website. in the forum Help Needed! 13 years, 11 months ago

    I stopped using the site back in November 09.
    The support and information given on the site was terrible. I actually travelled to the US and wasted 2 months and thousands of dollars going
    to deed auctions. The site was no help at all. I paid for a supposed special level of silver support but there was hardly anybody on the silver support forum…[Read more]

  • mark76g replied to the topic Im having trouble disputing Phil Jones and his deedlien.com website. in the forum Help Needed! 13 years, 11 months ago

    The company is called north island holdings.My guess is its not an Australian company.One of the bigest problems is that its very hard to prove that the support forums were not even available for months as theyare back now.I wonder if anybody else managed to get out of it.Mark.

  • mark76g replied to the topic Im having trouble disputing Phil Jones and his deedlien.com website. in the forum Help Needed! 13 years, 11 months ago

    The company is called north island holdings.My guess is its not an Australian company.One of the bigest problems is that its very hard to prove that the support forums were not even available for months as theyare back now.I wonder if anybody else managed to get out of it.Mark.

  • mark76g replied to the topic I need to find $30,000 in a hurry to make this deal work. in the forum I cant get credit cards or 13 years, 11 months ago

    I cant get credit cards or personal loans because I have very low figures on my tax returns. Im self employed and I dont put in BAS.

  • mark76g replied to the topic Arbitrage Sports betting in the forum Heads Up! 15 years, 3 months ago

    Hi Terry,Im a profressional gambler I started off a few years ago as a card counter at blackjack but these days i play internet poker.I tried sports arbing about a year ago.There are plenty of arb programs you can buy for a low monthly subscription.I signed up to a uk based company called arb alarm. I think it was about $50 per month.The software…[Read more]

  • mark76g replied to the topic A block of units thats pretending to be a house in the forum Value Adding 15 years, 5 months ago

    Hi Ip,Thanks for the info ….Follow up questions ….Whats the difference between renting the rooms in a normal house out to say 3 seperate people on three different leases or renting out the strange combo house  that I desribed above to three different people on 3 seperate leases.People lease out rooms in their houses all the time at what p…[Read more]

  • mark76g replied to the topic Help me plan my next move in the forum Help Needed! 16 years, 1 month ago

    I want to focus on property and im trying to figure out the best stratedgy.

  • mark76g replied to the topic Bowen Basin QLD Mining Towns – Opinion on offer in the forum Hi,
    Im looking around for my
    16 years, 1 month ago

    Hi,Im looking around for my next move and your post caught my interest. If theres a shortage do you think its possibe/proffitable to build a house in one of these towns and sell for a good profit.Are there any problems like a shortage of builders of zoned blocks of land  ?Thanks,Mark.

  • mark76g replied to the topic Help me plan my next move in the forum Help Needed! 16 years, 1 month ago

    give90 wrote:
    where in the states have you bought? i am much the same position as you are and i am looking at going to the states on and off  long term.

    San Antonio in Texas

  • mark76g replied to the topic Out of the ratrace…… in the forum Help Needed! 19 years, 9 months ago

    Interesting… can anybody fill me in on the deatils of low doc loans..

    I have been making a good second income by trading from my PC for the last couple of years. I would like to do this full time but I’m relucatant to quit my boring office job because I am affraid it might mean the end of my borrowing power forever.

    What are the criteria for a…[Read more]

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mark76g

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