There are very strict rules regarding what you can and cannot do or buy, regarding real estate, in a super fund.

Best to speak with your accountant and solicitor to seek their advice and guidance prior moving forward/spending money.

There are very strict rules regarding what you can and cannot do or buy, regarding real estate, in a super fund.

Best to speak with your accountant and solicitor to seek their advice and guidance prior moving forward/spending money.

You need to do thorough due diligence on whether this model is going to work for you.

1. make sure that you can indeed build within a national park. What are the restrictions and ongoing costs?

2. right now, COVID-19 has put a huge dent in the Air BnB market. People are self-isolating, staying home and not traveling.

Perhaps…[Read more]

I’m happy to recommend the painter that we used for our recent reno project.  Very prompt and a meticulous painter.

PM for his details.

In my experience, a vendor generally has no issues with a building inspection being done. Where they do, it begs the question… why? What are they hiding?

We always suggest to clients that they get a building and pest inspection done.  We have pulled out of proceeding with…[Read more]

In my experience, a vendor has no issues with a building inspection being done. Where they do, it begs the question… why? What are they hiding?

We always suggest to clients that they get a building and pest inspection done.  We have pulled out of proceeding with properties…[Read more]

Don't be bullied into making an offer above what you've previously determined you wish to pay and don't let the agent play the emotion game of "make an offer or you'll miss out".  There's always another property around the corner. …

I own several blocks of units (on one title) and only receive one rates notice per property. If you are receiving multiple rates notice, are they strata titled?

does this void the strata if i own all four of them?
No. In…[Read more]

By all means, please organise one. I have some great contacts for speakers if you need them or ideas on how to get things started.

Good luck with it.
Wendy

Achieve the abundance you deserve!
http://www.affluencia.com

Please RSVP if you would like to attend tomorrow night.

Hope to see you there.
Wendy

Achieve the abundance you deserve!
http://www.affluencia.com

You need to speak to an accountant as to the best way to structure your property portfolio.

Regarding a trust, you can buy any property in a trust structure. However, with a trust, any losses are held within the trust and cannot be claimed. They can then be offset against any other assets in the trust that make a profit. Therefore,…[Read more]

The rental levels are known. How to determine how much extra can be asked for, given the scarcity factor, is not.

But why the h3ll would you buy a property…[Read more]

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

Separate titles is good as it provides you with the option down the track to sell them off individually if you so desire.

Good luck.

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

Thanks for the docs and the advice. Much appreciated.

Wendy

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

I’ve sent you an email.

My property is purchased through my company as trustee for the trust. The CG discount will only apply where a property is held for 12 months. This is fine where your strategy is buy and hold, otherwise a company taxed at 30% is a better option inside 12 months.

Wendy

“Say what you want and be who you are…[Read more]

I can recommend a good solicitor depending on which state you are purchasing in. PM me.

Wendy

“Say what you want and be who you are because those who mind don’t matter and those…[Read more]

Have sent you a PM with the details.

Wendy

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

My accountant meets all the above, but is located in Kew. He is well worth the trip though. Let me know if you need details and I’ll PM you.

Wendy

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

I have a good solicitor in Collins Street that I use. Happy to send you a PM if you are interested.

Wendy

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

The definitions are actually the reverse. Positive geared is where the property pays for itself from day one without any tax breaks. Positive cash flow is where the property makes a loss, but with on paper deductions turns a profit.

Hence -ve geared – loses money; +ve geared – makes money; positive cash flow – makes a loss but can…[Read more]

Any financial institution will be able to give you an idea of your borrowing capacity. Just go and talk to them to gain a greater understanding of your overall position.

I agree with Mark. If you are currently living at home (so one assumes not having to pay rent, perhaps just board) you are in the ideal position to start your…[Read more]

Get advice about setting up a trust.

My understanding re costs to transfer existing properties to a new trust is you will incur a fee to establish the trust (will differ depending on whether you are doing so to an individual or via a company), then for each property you need to transfer over you are hit with Capital Gains tax (if…[Read more]