Having an option to buy and thence selling the option ?

I believe that the stampduties office would consider the option itself as a document which will attract stampduty at the same rate as a contract.

So you wouldn’t be able to avoid stampduty unless your friend the developer would be prepared to co-operate.

And both of you would be breaking…[Read more]

Kay, really now, you are looking at things from the wrong angle.

As Mel said, ‘you didn’t cause the defaulter to default’.

It may be a sad story but if the property is going to be sold anyway what’s the difference.

You coming on the scene is good for at least a couple of reasons :

1. If you happen to finish up buying the property (be it at…[Read more]

Mc Cleods daughters….never watched it…looked way boring.

Home and Away sux

Any sport program..especially when the men are fully covered…sux

That david letterman dude……sux

Days of our lives…I mean that sux so bad it SUX!

BachelorbacheloretteMarry a millionarireJoe millionaireWho wants to be a millionaire… they all pretty much sux…[Read more]

lol diclem.Im starting to think Arty goes to work JUST to use this forum (coz I dont let him play on MY puter at home LOLOL)

~ It is better to live on your feet than to die on your knees ~ :þ

thanx for that info!! Our rats love their hammock []

Its official!! Ima rat lover!! I cant believe I waited sooooo long to get them…every household needs a rat!! LOL

~ It is better to live on your feet than to die on your knees ~ :þ

match making?? HERE???

Where do I place my order??? Are we allowed to order more than one? ohhhh multiple orders []

~ It is better to live on your feet than to die on your knees ~ :þ

pinky is here!!!!!!

I worked all weekend….explains my absence LOL

Arty has been busy keeping the kids busy…and hes had a few tests….nothing bad!! He will be back to his posting self tomorrow LOL

And muppet…dont tell anyone…..but I missed you too!!![] [] []

~ It is better to live on your feet than to die on your knees ~ :þ

I dont care who wins….its been drawn out waaaaaaaaay too long!!

If I had to choose now…..I dont know?

Ill go with Paulini

I can see where you are coming from with this approach Fudge. I am 31 now. I bought my first house at aged 20 – 2 weeks after I graduated uni. I sold it three years later to quit my job and go o/s doing volunteer aid work. If I had applied the thinking you appear to be – pay down debt on fewer properties, I would be in a very comfortable…[Read more]

Hey fudge, houses built after ?a certain date? in 1985 attract building write off. Renovations and additions done after 1985 – eg bathrooms, new building work etc – on houses built before 1985 will also attract building write off.
Houses built before 1985 still have depreciable items in them – Hot water systems, garden sheds, curtains, carpets,…[Read more]

Could I receive a copy as well please?

simon.moussa@au.ey.com

Regards

Simon

Thanks J,

Yep cash-on-cash refers to the return on your cash input, as part of the overall ROI. Compare the opportunity cost of placing your cash part elsewhere to calculate the ratio of borrowings to cash input.

I see what you mean about younger properties for buy and hold. Depreciable and less presumed maintenance.

Hope to catch you again on…[Read more]

Having all one’s properties tied up for the one loan takes away one’s manoeverability.

If you get yourself into trouble it may be difficult to get one’s lender to increase the loan amount or, for that matter, to get the lender to release one of the properties (so you can raise money on it).

Another problem may be that if one happens to sell a…[Read more]

Camviv,

DESIDERATA

and .. be kind to your knees.

Regards, Phil

Hi Delyse,

>>It wont make me rich but would give me a small income and perhaps the prospect of being able to sell the second house for a profit later on.<<

I would think it would be better to eventually sell the one you have been living in rather than the one which you have ben renting out as in that case the gain isn’t taxable…[Read more]

Nmcace, I happen to have had a bit of experience
in buying and developing commercial property in country towns.

The reason for my earlier response was in essence a knee jerk reaction as the agent’s advice means that more likely than not there is something drastically wrong and therefore the danger for buying a white elephant is great.

However…[Read more]

Interesting reads guys.

It is true that rising interest rates can get many people into trouble.

All the more reason for only buying bargains so you have a bit of advantage (and a cushion) right from the start.

Just buying a house because, to us coming from another area, it sounds cheap is crazy.

Pisces133

Hi Huey,

A pleasure it was to meet you also. What a great bunch of people!

Do let us know how you get on with that buyer who pulled out of the deal. It’s a concern that you are being hassled. It does not make sense.

Kind regards, Phil

Tadine, why do you think that the grass is greener in Qld ?

From what I hear there are many opportunities in Victoria so why not make it easier on yourself and look there instead ?

Pisces133

How about cash flow 202?

Did anyone try it? What do you need from 101 to play it? (I heard that you only need the board).