Even if double stampduty can be avoided (as I believe is actually possible under certain circumstances) the transaction between you and the end buyer is likely to become complicated by the resentment rising up in the endbuyer about you making a large profit out of him/her !!

So better to pay the stampduty and have no hassles and problems.

Pisces133

Hi Bill,

Thought I’d wait, but seems we are the only ones here on a Sunday arvo.

Not specific, but worthy I think of a cryptic start to your topic. I have experienced “brainstorming” as par for the course when I attended the year long Enterprise Workshop. What I found is, creativity never comes from lineal thinking. No matter the starting point,…[Read more]

C’mon PropertyGuru .. have a go at the questions. I would like to read your response. I know it will be good.

Phil

Hi Richmond,

You really know how to get the best out of people don’t you? Albeit a borrowed half dozen questions, I have been avoiding answering as it makes one look at oneself. After reading the positive goal setting of many others here, I now realise why. I need to set goals. Thanks so much for inadvertently forcing me to look in the mirror.…[Read more]

Hi again Bronny,

A LOC is the second best thing to sliced bread. If you have 20% by way of equity or cash, go for it. The third best thing is a product I am using, described to me by my broker as a “Quasi-LOC”. It’s a mortgage reduced by 0.5% of the market rate, with an off-set account and a 55 day interest free credit card attached. Annual fees…[Read more]

>>Real estate agents are apparently so busy but most of them leave out the most commonly sought piece of information from ads – the price!<<

I used to get terribly upset that many agents don’t have a clue about the details of the propery they are trying to sell. Things like zoning, size, dimensions etc.

Until ……………. I realised that…[Read more]

Leigh my post was in response to how I interpreted Rubbachook’s post when he/she (?) said :

>>In the business world, there’s plenty of money around for opportunities >$10MM right now. This is where the main game is at. Just make the numbers stack up.<<

The above paragraph gave me the impression that
some people appear to think that it is only a…[Read more]

Rubbachook, the fact is that even though economists have more facts at their fingertips than any of us, they still don’t necessarily get it right better or more often than anyone of us.

What are we to think if one bank puts up their rates whilst another bank reduces their rates.

Or, what is more often the case, one bank changes its rates whilst…[Read more]

Let me expand a little bit further on what I said earlier :

Someone who has knowledge charging for passing on his knowledge in seminars or courses etc is fine.

Even if that person were to charge (what many people would consider) an excessive price for his or her seminars one cannot really object as no-one is forcing anyone to pay too much for a…[Read more]

Thank you Kay,

That took some effort. I am honoured. Rather timely as it’s Rabbit Pie day today.

Run rabbit, run rabb.. will someone shoot that bloody rabbit?

Regards, Phil

Hi Kay,

Laughing here. Yep, sounds like Days of Our Lives. I get your point. All that from a topic about taxes.

Kind regards, Phil

Christ Almighty, all I wanted was Shauns’s e-mail address and look what I have created now! 508 hits and the usual 10% response (53).

Think I’ll start up a .com company asking people not to respond. A sure fire winner.

STOP PRESS .. I know who shot Liberty Vallance.

“When Westan comes to town, all the women hide.
When Westan comes to town, the…[Read more]

Hi Tools,

Thanks for the comprehensive overview. I’m saving your post for future reference as you appear to know what you are talking about. You mentioned poor mixing of quantities. A builder mate told me of the deals with brickies and contractors. Apparently a brickie might provide his own lime, with the sand provided by the contractor. A lack…[Read more]

Hi Mel.com,

The paranoid schizophrenics may be better suited at the end of your book under the chapter “Tenant’s From Hell”.

Steve may have an issue with copyrite however. LOL

Seeya, Phil

Hi S.I.S.,

Kid’s can not be measured in dollar costs. Ask any parent.

Regardless of your age, you will never trade that timing of the moment your child enters our world. Nothing else matters in times of life and death.

We can talk about trying to time events, but no matter when your child comes to you, it will always have been just the right…[Read more]

Bill,

Yeah I know about the impatient bit .. but ..

I don’t understand the contradiction between holding as an owner, yet selling if considering.

I feel like a fence sitter on the strainer post with choices in 3 directions.

1/ Stay put & refinance reserves if equity allows
2/ Stay put, go to work, pay the mortgage
or
3/ Sell up, prove the…[Read more]

Hi Paul,

Thanks mate, Victoria was good, chasing cows, installing irrigatiion for trees and did a spot of spotlighting, but no bunnies in sight to skin that night.

Re the Child Maintenance (I promise to shut up soon .. promise). I have seen it put beer in the fridge for the ex’s new boyfriend while kids go around barefoot. No, not my daughter,…[Read more]

riffraff and Shaun,

Precisely riffraff, get what ya pay for.

Shaun .. have you engaged another conveyancer (I’m sure it should be conveyancor) since returning to Canberra? If not, I have a good bloke for you to use. Talk saturday.

Kind regards, Phil

Hi riffraf,

Sounds like another one of your “hypotheticals”. LOL

Nope, you are too highly geared. I see no equity in your star.

Catch ya, Phil

Hi again Cooper,

Two more points, then I’ll get off my soapbox.

It’s tax related, so this is the appropriate thread for discussion.

1a/ On a -ve geared IP, the loss is added back to personal income for the purpose of Child Maintenance calculations. Yep 18% again on the loss, payable to the first child. More for extra children of course.

1b/ On…[Read more]