PropertyInvesting.com | nitrodrops | Activity https://www.propertyinvesting.com/members/nitrodrops/activity/ Activity feed for nitrodrops. Sat, 11 Apr 2026 20:50:31 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 d78d6b270e4ca2f26d97b06f56ec4be5 nitrodrops replied to the topic Historical copy of the Land Title Register in the forum thanks guys. there is a https://www.propertyinvesting.com/topic/4401934-historical-copy-of-the-land-title-register/#post-4636556 Fri, 19 Nov 2010 11:12:43 +0000 thanks guys.there is a reason for asking this.

]]> d916b60d70f3df187c48a9fc2240a37c nitrodrops replied to the topic PAMD Form 20a - Appointment of agent - Letting and property mgmt in the forum Help Needed! https://www.propertyinvesting.com/topic/4401323-pamd-form-20a-appointment-of-agent-letting-and-property-mgmt/#post-4632633 Mon, 27 Sep 2010 23:42:31 +0000 PaulDobson wrote:
Hi NitAs you did not stipulate a date for the commencement of the Agreement, I believe the Agreement hasn't commenced.  Also Form 20a says: "If the appointment is a continuing appointment, you may revoke the appointment by giving 90 days notice in writing to the agent, unless you and the agent agree to a shorter notice period…[Read more]

]]> 7a5ddab8159bb4deb49a5b92ec305534 nitrodrops replied to the topic Selling Contracts with Agents in the forum Help Needed! https://www.propertyinvesting.com/topic/4401295-selling-contracts-with-agents/#post-4632458 Fri, 24 Sep 2010 06:17:35 +0000 thnx mate

]]> 0c6c6f6c6ceeaec8743dc3a794d02775 nitrodrops replied to the topic How much is your real estate agent's commission? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401281-how-much-is-your-real-estate-agents-commission/#post-4632371 Thu, 23 Sep 2010 13:56:11 +0000 Sorry to hijack this.For a reputable real estate agency, is the selling fees negotiatable? If yes, what is the lowest will they accept?if i offer 1%, will they accept it?CheersNit

]]> 4b0762c1fff686d3b5db8886c5fc50a7 nitrodrops replied to the topic Payment for BodyCorp Fees and Council Bills in the forum thanks all for your kind https://www.propertyinvesting.com/topic/4401202-payment-for-bodycorp-fees-and-council-bills/#post-4631907 Wed, 15 Sep 2010 01:54:52 +0000 thanks all for your kind replies.One question, for example for the Council bills, payment within 30 days entitled to discount of $15.So let's say if the Property Mgr missed the early payment, which ended up missing out the $15 discount, is the Property Mgr liable to top up the $15?

]]> 94c6e0235200e5006af48e7b862f53cf nitrodrops replied to the topic transfer Title Deed in the forum Help Needed! https://www.propertyinvesting.com/topic/4401106-transfer-title-deed/#post-4631276 Mon, 06 Sep 2010 01:05:02 +0000 Terryw wrote:
1. You need to convey it by filling in a transfer form and paying stamp duty – if applicable.2. Yes. You will have to pay out the existing loan.3. You will need to change the loan because the ownership is changing. Both names will need to go on the new loan. 4. Yes, but you may need approval of the FIRB.What you will need to do is…[Read more]

]]> e4e4aee24b47c697572ce58daa9672e5 nitrodrops replied to the topic Expatriate - Foreign Currency Home Loan in the forum Finance https://www.propertyinvesting.com/topic/4400574-expatriate-foreign-currency-home-loan/#post-4628129 Fri, 16 Jul 2010 11:01:41 +0000 Terryw wrote:
What sort of job are you doing, and are there any vacanies?

a normal peasant's job , Information Technology.Realised that the lending is very strict for these foreign currency loan. Just spoke to Citibank, to be eligible, must earn US$150K income, and open another Citigold account min $200K.Will try the next few lenders, fingers…[Read more]

]]> f749d8cc002373d0751a49bdc7e7b224 nitrodrops replied to the topic Expatriate - Foreign Currency Home Loan in the forum Finance https://www.propertyinvesting.com/topic/4400574-expatriate-foreign-currency-home-loan/#post-4628127 Fri, 16 Jul 2010 08:26:11 +0000 Terryw wrote:
makes you want to go and work overseas!

not forgetting the low taxes for my salary as well.

]]> 3676c77f0f20fba092fe2eea0e067e6a nitrodrops replied to the topic Expatriate - Foreign Currency Home Loan in the forum Finance https://www.propertyinvesting.com/topic/4400574-expatriate-foreign-currency-home-loan/#post-4628125 Fri, 16 Jul 2010 06:42:22 +0000 Terryw wrote:
Great. Whats sort of rates are you looking at? 2-ish% or there abouts?

yup, less than 3%

]]> 9f9d4159b34999d3dab42b4f30d36c16 nitrodrops replied to the topic Expatriate - Foreign Currency Home Loan in the forum Finance https://www.propertyinvesting.com/topic/4400574-expatriate-foreign-currency-home-loan/#post-4628123 Fri, 16 Jul 2010 05:31:56 +0000 Terryw wrote:
You should also just approach the Australia banks in the country where you are working. eg NAB in Tokyo etc.

thnx mate, did a quick google. NAB SG offers this.

]]> 892f870a9c01a008025bf741d79bd2cd nitrodrops replied to the topic Expatriate - Foreign Currency Home Loan in the forum Finance https://www.propertyinvesting.com/topic/4400574-expatriate-foreign-currency-home-loan/#post-4628121 Thu, 15 Jul 2010 22:26:13 +0000 Terryw wrote:
NAB used to too. not sure if they still do

Thnx mate, will check it out.

]]> 1af1e0f24c6a3610eb0382ad80623063 nitrodrops replied to the topic Expatriate - Foreign Currency Home Loan in the forum Finance https://www.propertyinvesting.com/topic/4400574-expatriate-foreign-currency-home-loan/#post-4628120 Thu, 15 Jul 2010 22:25:41 +0000 Banker wrote:
Anz is a min loan of 1M and income 250k. Purpose is when security is in aus and you are getting the loan via ANZ in another country. Keep in mind these loans have magin calls etc as security is in one currency and loan in another. I'd question the reasoning behind it. If you are just buying a property in aust and getting the…[Read more]

]]> 1e300ecc7e3c7e6a897048864e29e021 nitrodrops replied to the topic Expatriate - Foreign Currency Home Loan in the forum Finance https://www.propertyinvesting.com/topic/4400574-expatriate-foreign-currency-home-loan/#post-4628115 Thu, 15 Jul 2010 07:45:39 +0000 Otto D wrote:
HSBC can consider Foreign Currency in US or HKD. As for SG I am not entirely sure however I expect there are still a few banks that can do it. It would just be a matter of doing the research to find out.

Thnx mate.Found that ANZ still offer. Also found this UK bank which offers international mortgage…[Read more]

]]> f2174c9144f84f22471989a9ddfe6469 nitrodrops replied to the topic Depreciation - Conflicting Advice - who to call/recommend in the forum Help Needed! https://www.propertyinvesting.com/topic/4400431-depreciation-conflicting-advice-who-to-callrecommend/page/2/#post-4627406 Mon, 05 Jul 2010 01:07:42 +0000 heathers wrote:
They are two separate services. You don't need a handover inspection to get a depreciation schedule. The handover inspection ensures the builder has complied and all workmanship is of a high standard. FYI I got both, and was amazed at how much he picked up that we didn't notice..ie missing coats of paint, chips in walls…[Read more]

]]> e248de71f35798033ece4349c44c2e47 nitrodrops replied to the topic Depreciation Valuation for PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4400415-depreciation-valuation-for-ppor/#post-4627304 Fri, 02 Jul 2010 06:04:19 +0000 Curious, if the valuation is done now while i am still living instead of renting it out, is the fees still tax-deductible?Anyway, even if after renting it out, without this fees, the overall costs is still -ve geared.TaNit

]]> 5aa404cfaccf87c217803abac296ef7d nitrodrops replied to the topic Depreciation - Conflicting Advice - who to call/recommend in the forum Help Needed! https://www.propertyinvesting.com/topic/4400431-depreciation-conflicting-advice-who-to-callrecommend/page/2/#post-4627398 Fri, 02 Jul 2010 06:00:52 +0000 heathers wrote:
http://www.excelproperty.com.au 330 for depreciation schedule, visited the property. Excellent, prompt and professional service!

Tax Depreciation Schedules from dfg$330      Building Handover Inspections from   fgd$325      Combine both for $650 Based on the website, it mentions $330 for Tax Depreciation schedules only.Inspe…[Read more]

]]> 93d8e21cc257d4333b2640617e9cee04 nitrodrops replied to the topic Depreciation - Conflicting Advice - who to call/recommend in the forum Help Needed! https://www.propertyinvesting.com/topic/4400431-depreciation-conflicting-advice-who-to-callrecommend/page/2/#post-4627391 Thu, 01 Jul 2010 23:16:49 +0000 Any1 used this before?http://www.austtaxonline.com.au/contact-us/ quoted for $495, $104 cheaper than DEPPRO.

]]> 3fc1c726d33cf9e5cac459b50e5636ce nitrodrops replied to the topic Depreciation - Conflicting Advice - who to call/recommend in the forum Help Needed! https://www.propertyinvesting.com/topic/4400431-depreciation-conflicting-advice-who-to-callrecommend/#post-4627376 Thu, 01 Jul 2010 05:41:21 +0000 Anyone tried http://www.austtaxonline.com.au/contact-us/quoted for $495, $104 cheaper than DEPPRO.But i dont mind paying a bit more for a better depreciator

]]> 4729fb667028e8117b578c74c3409d18 nitrodrops replied to the topic Depreciation - Conflicting Advice - who to call/recommend in the forum Help Needed! https://www.propertyinvesting.com/topic/4400431-depreciation-conflicting-advice-who-to-callrecommend/#post-4627371 Thu, 01 Jul 2010 05:08:21 +0000 energy4anarchy wrote:
Hey Guys and Gals, I have 2 IP properties, the 2nd one we lived in, did up, raised value and then moved on to 3rd property. Anyway, its only been 11 months since we've been in the new place… but i forgot to get a Depreciation schedule. My 1st IP, someone recommended DEPPRO and i guess, after $450 bucks and two weeks,…[Read more]

]]> 443e4e558c935067ef79ddb8c610d40c nitrodrops replied to the topic Renting out my PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4399894-renting-out-my-ppor/#post-4624273 Sat, 15 May 2010 00:58:40 +0000 Dan42 wrote:
Hi Nit,To answer question 1, I would say both. House insurance to protect the house, and landlord insurance to protect for loss of rent, damage etc. Landlord insurance is not expensive, and well worth the peace of mind. Especially if you will be a long way away from the property.I think some agents will handle the rates, water rates…[Read more]

]]> ac21ea62b0c25c289946fd1beb2b9c15 nitrodrops replied to the topic Self Managed Super Funds in the forum Help Needed! https://www.propertyinvesting.com/topic/4398108-self-managed-super-funds-2/#post-4613136 Mon, 03 May 2010 02:23:13 +0000 Qlds007 wrote:
Nitro1) is doable but 2) isnt and would mean the fund would have to liquidate the assets and roll the fund back to a retail fund.Arguement being that if the Trustees are not in town how can they be performing the job of managing and assessing the Funds assets.

Thnx Richard,  i will try to explore more.

]]> ab93888e94f0065ff2983da145d68fb9 nitrodrops replied to the topic Self Managed Super Funds in the forum Help Needed! https://www.propertyinvesting.com/topic/4398108-self-managed-super-funds-2/#post-4613134 Fri, 30 Apr 2010 08:19:47 +0000 Qlds007 wrote:
Sorry to say if you are moving overseas then the Fund will be non complying as the Trustee will not a Resident.

Hi Richard,My initial idea is1.) set up a SMSF when myself and my missus are still working, use the SMSF to buy an IP before relocating.now2.) will explore if we can withdraw the Super if we relocate. If can withdraw,…[Read more]

]]> b7959d4f6fa4b5151b33d74f62c20849 nitrodrops replied to the topic Self Managed Super Funds in the forum Help Needed! https://www.propertyinvesting.com/topic/4398108-self-managed-super-funds-2/#post-4613132 Fri, 30 Apr 2010 01:46:07 +0000 maree_bradross wrote:
AAQ – would you be able to share the purchase price of the property that you were able to use the $100k in your super to buy?Nitrodrops – if your relocating overseas I think you can withdraw your super? Might be worth investigating

Hi Maree,Didnt know i am able to withdraw my Super. Can you direct me to some URLs? i will…[Read more]

]]> 2989a8b9a1e929dfcaba046b0df5d40f nitrodrops replied to the topic Self Managed Super Funds in the forum Help Needed! https://www.propertyinvesting.com/topic/4398108-self-managed-super-funds-2/#post-4613131 Fri, 30 Apr 2010 01:44:42 +0000 AAQ wrote:
Hi Nitrodrops;we just did it, rolled mine and my wifes super into our own SMSF and bought a property. Not sure I would do it again as its is painful paperwork wise but we learnt alot.  We had 100k combined and that was only just enough to get a conforming loan as banks requireup to 28% deposit plus closing costs so deposit was 75K clo…[Read more]

]]> 42fa0c79381fab1b099ac144f0e3c781 nitrodrops replied to the topic Self Managed Super Funds in the forum Help Needed! https://www.propertyinvesting.com/topic/4398108-self-managed-super-funds-2/#post-4613126 Thu, 29 Apr 2010 00:20:47 +0000 Dan42 wrote:

nitrodrops wrote:
Thnx Dan,One question, cant i use cash to top up the 70%-80% LVR?CheersNit

Yes, you can contribute cash to the superfund, provided it doesn't exceed the prescribed limits.

Thnx Dan, will look into the prescribed limits.CheersNit

]]> a0ccc77f6aa6b813a9d023e18b42b4f8 nitrodrops replied to the topic Self Managed Super Funds in the forum Help Needed! https://www.propertyinvesting.com/topic/4398108-self-managed-super-funds-2/#post-4613124 Wed, 28 Apr 2010 03:33:11 +0000 Dan42 wrote:
Hi Nit,I personally wouldn't open an SMSF with less than $150,000. At that rate of funds, your fees would be about 1% of your SMSF assets. The other factor, when borrowing for property in an SMSF, with $40,000 and a 70% LVR, you could only afford to pay $133,333 for a property.

Thnx Dan,One question, cant i use cash to top up the…[Read more]

]]> 660f127a0ec1432fdf80348546bb884f nitrodrops replied to the topic DA approval to subdivide in the forum Help Needed! https://www.propertyinvesting.com/topic/4399451-da-approval-to-subdivide/#post-4621591 Wed, 28 Apr 2010 00:16:32 +0000 property779 wrote:
If you are needing to ask what 'DA Approval' means, I would suggest you are not ready to buy yet – spend some money on your education, rather than loose many THOUSANDS by making a poor purchase this early in your career – there are groups that meet in Brisbane that you can join also – I wish I had started much earlier than i…[Read more]

]]> 5d144301cfb106bf0bcc20d5110e4241 nitrodrops replied to the topic Self Managed Super Funds in the forum Help Needed! https://www.propertyinvesting.com/topic/4398108-self-managed-super-funds-2/#post-4613122 Wed, 28 Apr 2010 00:09:51 +0000 Qlds007 wrote:
Hi NitYes you can combine both you and your partners Super into the single SMSF as long as you are both Trustees and is something we set up for clients regularly as a  Fin Planner.Remember running your SMSF there are certain fixed costs such as Accountancy, Audit and ASIC Annual return fees and Bank fees.These will relate to a…[Read more]

]]> 3fbf581a1f6492ba77c3a00ce462568e nitrodrops replied to the topic Self Managed Super Funds in the forum Help Needed! https://www.propertyinvesting.com/topic/4398108-self-managed-super-funds-2/#post-4613120 Mon, 26 Apr 2010 05:58:33 +0000 Hi All,Is it true that the the costs of running your own Super Fund annually is :Setting up your own self-managed super fund (SMSF) can have its advantages, but it is not for everybody. And if you have less than $200,000 in super, then the administrative costs would probably make the venture uneconomical. In addition to establishment costs, you…[Read more]

]]> 949dc941d678144c5d795d2d92c4807c nitrodrops replied to the topic DA approval to subdivide in the forum Help Needed! https://www.propertyinvesting.com/topic/4399451-da-approval-to-subdivide/#post-4621588 Mon, 26 Apr 2010 05:52:38 +0000 Matt007 wrote:
No problems. I should add to that that prior to actually constructing, they'd then need to get a "BA" which is a Building Approval to ensure that any construction meets with the Council's intent for the area. Eg: if its 'character' it has to be built in a certain style etc. This would involve having a builder submit plans to…[Read more]

]]> 69fc3db773d308c76b75f947eea64d22 nitrodrops replied to the topic DA approval to subdivide in the forum Help Needed! https://www.propertyinvesting.com/topic/4399451-da-approval-to-subdivide/#post-4621586 Fri, 09 Apr 2010 04:18:19 +0000 Thanks mate, u r brilliant!

]]> ceb7a77c2dcf661b5fa00831589e4a45 nitrodrops replied to the topic Good areas for subdivision in QLD? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398429-good-areas-for-subdivision-in-qld/#post-4615073 Sun, 24 Jan 2010 01:21:04 +0000 Thnx mate!

]]> cd1f92c6f6fd8622d6b1977267263dd2 nitrodrops replied to the topic Good areas for subdivision in QLD? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398429-good-areas-for-subdivision-in-qld/#post-4615071 Fri, 22 Jan 2010 09:30:01 +0000 Thnx mate.What happens if i go for a double block or double title, i assume it will save me all these trouble? of course with all the subdivision done, the price will be more.CheersNit

]]> 460dde8bc08c7becab1f41890b0b8a41 nitrodrops replied to the topic Good areas for subdivision in QLD? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398429-good-areas-for-subdivision-in-qld/#post-4615069 Fri, 22 Jan 2010 04:44:43 +0000 DWolfe wrote:
TREES! Depending on councils, the rubbish old tree which barely has any leaves must be kept and it doesn't matter if it is right in the middle of where you want to put a building! Yeah watch out for trees, Look for land in areas where there are recent subdivisions, this is good and bad. The architects and builders prefer a slope…[Read more]

]]> 9b7a8fb1850f86702aba3d970a01cc20 nitrodrops replied to the topic Good areas for subdivision in QLD? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398429-good-areas-for-subdivision-in-qld/#post-4615067 Fri, 22 Jan 2010 04:03:46 +0000 Hi All,One query with regards to subdivision.When choosing the land for subdivision with existing homes, what are the stuff to watch out for? So that Council will approve easily?Below are my views, please kindly correct if i am wrong- big land, preferrably >800sqm- no pipes running below the land- even land- not within flood zone- not DCPCheersNit

]]> db0dc9b2ebd63814931f3c134f4a3806 nitrodrops replied to the topic Extra Repayments with Redraw (Basic HomeLoan) vs Variable with Offset in the forum Finance https://www.propertyinvesting.com/topic/4397488-extra-repayments-with-redraw-basic-homeloan-vs-variable-with-offset/#post-4610148 Fri, 06 Nov 2009 03:46:57 +0000 Btw, one of the little "CONs" of Redraw facility is.The extra repayments you made, will only appear after the next repayment day.Say, if you made extra repayments $10k on the 15th Oct, and the monthly repayment is on the 1st of each month, this $10k will only appear on the 2nd Nov as extra repayments, even though the mortgage loan is reduced with…[Read more]

]]> d79b145f032146c62df5ee6f1c96ca02 nitrodrops replied to the topic Extra Repayments with Redraw (Basic HomeLoan) vs Variable with Offset in the forum Finance https://www.propertyinvesting.com/topic/4397488-extra-repayments-with-redraw-basic-homeloan-vs-variable-with-offset/#post-4610147 Tue, 13 Oct 2009 01:55:46 +0000 Terryw wrote:
I am not a tax advisor, but know that redrawing from a loan means 'borrowing'. So this can creat big problems later on if the interest on the loan is ever claimed. Using an IO loan with a 100% offset is a way to avoid this.

Thnx for your posts. Your post scared me. Just rang St G to confirm there will be no extra fees or interests…[Read more]

]]> 0949989a27e161440552a2dc2340e074 nitrodrops replied to the topic Extra Repayments with Redraw (Basic HomeLoan) vs Variable with Offset in the forum Finance https://www.propertyinvesting.com/topic/4397488-extra-repayments-with-redraw-basic-homeloan-vs-variable-with-offset/#post-4610146 Tue, 13 Oct 2009 01:53:22 +0000 sonyasal wrote:
HI Nit,  is this loan on an IP or a PPOR?There wouldn't be tax implications if it was your PPOR. cheersSonya

Thnx Sonya. Currently it is for PPOR.

]]> fda100b9aa79a9453d46f838ead0dc4d nitrodrops replied to the topic Extra Repayments with Redraw (Basic HomeLoan) vs Variable with Offset in the forum Finance https://www.propertyinvesting.com/topic/4397488-extra-repayments-with-redraw-basic-homeloan-vs-variable-with-offset/#post-4610139 Sun, 11 Oct 2009 23:24:15 +0000 hydramax wrote:
Is their a minimum amount for each redraw and have you checked if there is  a fee attached each time?Hydra

yes, i have asked, i can redraw any amounts in my extra repayments.No fees attached for redraw via internet as it is St George Basic Home Loan. Got a black and white email from St G customer service on this.CheersNit

]]> a2f3e41299d01203cc8881502f2d8da8 nitrodrops replied to the topic Condition 8.2 - Inspect the Property before settlement in the forum Help Needed! https://www.propertyinvesting.com/topic/4397132-condition-8-2-inspect-the-property-before-settlement/#post-4608593 Mon, 07 Sep 2009 01:46:45 +0000 propertunity wrote:
Will you be holding a bond type amount to be released to them on satisfactory condition after move out?

unfortunately, no bond.Going to collect my keys later this evening, hope everything is in good shape.CheersNit

]]> 5fb64fbc3d654805ec5be6e8cc934ecd nitrodrops replied to the topic Condition 8.2 - Inspect the Property before settlement in the forum Help Needed! https://www.propertyinvesting.com/topic/4397132-condition-8-2-inspect-the-property-before-settlement/#post-4608591 Tue, 01 Sep 2009 05:08:38 +0000 maree_bradross wrote:
I would I know of people who didn't do a final inspection and when they got the keys on settlement discovered all the built in wardrobes had been removed

I make sure i take pictures of the wardrobes.

]]> e8974a1e9cca84939acf357eb6ecf2ec nitrodrops replied to the topic Condition 8.2 - Inspect the Property before settlement in the forum Help Needed! https://www.propertyinvesting.com/topic/4397132-condition-8-2-inspect-the-property-before-settlement/#post-4608589 Tue, 01 Sep 2009 01:51:19 +0000 Lalibella wrote:
I certainly would. I've been burnt before and now I take a date stamped  photo of every surface I can point the digital at. The tenants dont particularly require a copy as they will probably know you are doing it anyway.

Thanks mate.Any things that i should concentrate taking pictures of? i cant be taking every inche of the wh…[Read more]

]]> 4a39f96c6ee1f5f00d8d92175aaca285 nitrodrops replied to the topic Solar Hot Water Rebates or Insulation Rebates in the forum General Property https://www.propertyinvesting.com/topic/4397122-solar-hot-water-rebates-or-insulation-rebates/#post-4608564 Mon, 31 Aug 2009 08:56:13 +0000 Results1 wrote:
Hi Nit,Not sure if you are aware and I have only heard and not read yet, but the  insulation rebate for rental properties is apparently about to go up to $1600 – assuming your townhouse is a rental and not PPOR. May make a difference to your decision making.

Currently going to be PPOR for my townhouse, turning into IP after a…[Read more]

]]> 6c2e2fe524597c10123e0aa6dac101e7 nitrodrops replied to the topic St George - 'Negotiated Basic Home Loan' & 'Basic Home Loan'' in the forum Finance https://www.propertyinvesting.com/topic/4397009-st-george-negotiated-basic-home-loan-basic-home-loan/#post-4608035 Wed, 19 Aug 2009 08:26:43 +0000 hydramax wrote:
NitroAll new customers with St George are able to apply for Negotiated Basic Home Loan. The idea is to attract new customers to the bank.The 2 loans are exactly the same. The 09% discount is for the life of the loan. For current customers to be able to apply they need to increase their lending and then they can convert to the N…[Read more]

]]> 09e645e5d0d8d03bf63a9f4613c38db8 nitrodrops replied to the topic Where to download PAMD Form 30C in the forum Help Needed! https://www.propertyinvesting.com/topic/4396994-where-to-download-pamd-form-30c/#post-4607978 Mon, 17 Aug 2009 03:05:55 +0000 QGM wrote:
Hi Nitrodrops  You can download from the Qld Government website for free.Go to Departments – Look up Fair Trading there is a section for forms and you will find it there.  If you have any problems send me a fax number and I'll forward one to you. 

Thnx mate. Managed to get a soft copy this morning from my selling agent.

]]> 741c338357eab3132cf1c7bf9777fff3 nitrodrops replied to the topic Where to download PAMD Form 30C in the forum Help Needed! https://www.propertyinvesting.com/topic/4396994-where-to-download-pamd-form-30c/#post-4607976 Sun, 16 Aug 2009 22:14:49 +0000 Qlds007 wrote:
Nit you wont get it for nothing he will need to purchase it from the REIQ or get a friendly agent to provide him with one.

Thnx Rich

]]> 1d2fcff2c55f9e58e1271ab30f112360 nitrodrops replied to the topic Interest Only vs Principal & Interest Only in the forum Finance https://www.propertyinvesting.com/topic/4396953-interest-only-vs-principal-interest-only/#post-4607777 Thu, 13 Aug 2009 03:54:15 +0000 Dan42 wrote:

nitrodrops wrote:
Btw, is the rental income taxed @ 50%, something similar to CGT? CheersNit

Rental income is taxed at your marginal tax rate, the same as salary income etc. Capital Gains are also assessed at your marginal rate, but if you have had the investment for over 12 months, you only pay tax on 50% ofthe Capital Gain.

Thnx dude.

]]> de09301ff4c52d08e97e71b96a497bf2 nitrodrops replied to the topic Bldg & Pest Inspection in the forum Help Needed! https://www.propertyinvesting.com/topic/4396904-bldg-pest-inspection/#post-4607248 Thu, 13 Aug 2009 03:48:37 +0000 Scott No Mates wrote:
It is always best whether it is for old or newer units. You never know whether the body corporate is harmonious, whether it ends up in a fistfight or if there will be special levies on the horizon eg fire safety upgrades, broken sewers, new roof etcIn Sydney, there have been issues with BC being too cumbersome, unable to…[Read more]

]]> cd4608d699877ce4af4f91dc5679b52b nitrodrops replied to the topic Interest Only vs Principal & Interest Only in the forum Finance https://www.propertyinvesting.com/topic/4396953-interest-only-vs-principal-interest-only/#post-4607775 Wed, 12 Aug 2009 23:06:17 +0000 Hi Guys,Really thanks for all these guidance.In fact, i am thinking to get a 2nd IP, will start looking into offset accounts. Btw, is the rental income taxed @ 50%, something similar to CGT? CheersNit

]]> 68da36d3ab28395b24d7da3b03f9f567 nitrodrops replied to the topic Interest Only vs Principal & Interest Only in the forum Finance https://www.propertyinvesting.com/topic/4396953-interest-only-vs-principal-interest-only/#post-4607773 Wed, 12 Aug 2009 10:45:05 +0000 Qlds007 wrote:
I am with Terry why would you go with the Base rate loan when you can go Interest only with the offset account.It is ot that the interest rate is that good.Wouldnt be making any extra loan repayments off the principal unless you intend to live in the property for ever and a day as redrawn funds may cause you a problem if the…[Read more]

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