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on the ladder replied to the topic how to buy POR using money from a recent sold company owned investment property in the forum General Property

Sun, 26 Jun 2016 06:19:24 +0000

Thanks everyone. Great info from the forum as always.
Yes. We don’t know the benefit of buying in a company name either at this point. She is off to see the accountant tomorrow so hopefully he can give her some more info at what to do with it.

cheers!

on the ladder replied to the topic how to buy POR using money from a recent sold company owned investment property in the forum General Property

Sat, 25 Jun 2016 09:36:03 +0000

Hi all
My friend just wanted to emphasise that the company is now non operating company and only included shares and investment property when it was in operation. Any ideas on how she, as the owner of the Company (and sole director), access the funds for use other than to purchase another investment property?

thanks in advance for any advice you may have

on the ladder replied to the topic how to buy POR using money from a recent sold company owned investment property in the forum General Property

Sat, 25 Jun 2016 05:59:47 +0000

Thanks Terry
Yes. She is getting advice but we just wanted to put it out to the forum as well.
Basically, it is hard to see the benefits of having had the property set up as a company with her as the sole director (her late partner left it to her that way) if she can’t actually use the money. She is retired and self funded and doesn’t want the…[Read more]

on the ladder started the topic how to buy POR using money from a recent sold company owned investment property in the forum General Property

Sat, 25 Jun 2016 04:39:13 +0000

Hi everyone
A friend of mine is a little confused as to what to do.
She has recently sold an investment property that was owned by a company where she was the sole director. She is now interested in buying another property that she will move into and use as her principal place of residence.

The question is, can she use all the money that she got…[Read more]

on the ladder replied to the topic Good Townsville Property Manager in the forum Help Needed!

Wed, 28 Nov 2012 09:49:25 +0000

Tania Walker (only her!!) at First National Nicholson

on the ladder replied to the topic son wants to purchase parents acreage - best financial solution needed! in the forum Help Needed!

Fri, 25 Feb 2011 04:45:15 +0000

just had another look on the site and came across a post regarding 'Vendor Finance' and some with 'deferred interest repayments'.does anyone think that is an option? mum and dad don't need the money yet as it would upset their financial 'balance' and it would probably help my brother as well, just as long as it doesn't lessen his chance to claim…[Read more]

on the ladder replied to the topic son wants to purchase parents acreage - best financial solution needed! in the forum thanks and good point. I

Fri, 25 Feb 2011 02:58:37 +0000

thanks and good point. I know they have given up the primary producer title but not sure when and if it applied to these two blocks (we had a large cattle property separate from this and sold it about 20yrs ago). I will look into it for sure….thanks again

on the ladder replied to the topic offset vs term deposit??? in the forum Creative Investing

Mon, 25 Oct 2010 05:35:23 +0000

thanks everyone for your input.
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on the ladder replied to the topic offset vs term deposit??? in the forum Creative Investing

Fri, 22 Oct 2010 21:03:07 +0000

thanks everyonenope. no spouse…. it is just lil' old me with two mortgages ie. crazy!!! although i am pretty lucky cause the rents combined cover the repayments and a bit of the property manager fees but i am just trying to work out if there is a better way of getting that 50 thousand to work for me. at a term deposit of 6.24% for 9mths, i…[Read more]