Total Members: 158,088

picklesam

  • picklesam started the topic How to buy a property with the least deposit? in the forum Finance 6 years, 5 months ago

    Hi guys, have to move at the end of the year, with the current market I don’t want to sell my PPOR (which is paid off) at a loss (bought $400k, worth $350k) so I’ll rent it out and buy a new house. My budget is about $500k. Now I have $200k cash but I don’t want to put all of it towards the new house. Is it possible to put down $50k deposit, and…[Read more]

  • picklesam replied to the topic Is this possible? in the forum Help Needed! 11 years ago

    Jamie just read your article, genuis! I'll have to keep that in mind next time!

  • picklesam replied to the topic Is this possible? in the forum Help Needed! 11 years ago

    Hi thanks for your advise! Unfortunately I have no spouse! I may have to sell it to buy new house. Thanks again!

  • picklesam replied to the topic Help with buying land please in the forum Help Needed! 12 years, 3 months ago

    thanks christianb, who should i call to find out whether i can build a duplex or not? Nice website you have by the way.

  • picklesam replied to the topic Paying off loan in offset? in the forum Finance 13 years, 8 months ago

    Thanks Spiro for your help!

  • picklesam replied to the topic Answers to “Where to Find CF+ Deals” in the forum Help Needed! 14 years, 7 months ago

    Prob not +C, I live in emerald QLD, and i think its a good time to buy, a 3/4 bedroom brand new house is $345k, 2 years ago they were going for $400k so the market's at the bottom at the moment. Rentals are about $500/week. Nice houses are renting for $600+/w.

  • picklesam replied to the topic Offset Acccounts in the forum Finance 14 years, 7 months ago

    i always wondered how the banks benefit from offset accounts, because the interest they give on a savings account is far less than the interest they charge on a home loan?

  • picklesam replied to the topic cash gift/tax implications? in the forum Legal & Accounting 14 years, 7 months ago

    thanks for response guys, yeah the terms were my sister and I will pay any capital gains tax, im worried the ato will be suspicious of me having 200k all of a sudden. Shouldnt affect pension because they wouldnt get much anyway if they hadnt sold the property i think.

  • picklesam replied to the topic Bowen Basin QLD Mining Towns – Opinion on offer in the forum Help Needed! 15 years ago

    well i live in Emerald, being a small town everyone knows everything…a few builders in town have gone bust, one had his license suspended because he had too many houses and not selling them fast enough…house prices here have dropped a bit, i live in a new estate and so far there's only been one house up for sale…i'm not too worried as…[Read more]

  • picklesam replied to the topic Transferring property to mum in the forum Legal & Accounting 15 years, 1 month ago

    thanks for the pointers Richard…hmmm what if mum was to 'gift' me the $250k, the house remains in my name, after i've paid off the house i transfer the property in my mum's name? I understand she'll still have to pay duty but will i be taxed on the $250k?

  • picklesam replied to the topic PRICES- NORTH OR SOUTH??? in the forum Help Needed! 17 years ago

    People have got to stop spending on so much crap…we don’t need plasma teles..or bananas…

    I’m just worried whats going to happen when oil eventually runs out…

  • picklesam replied to the topic Shares vs. Property in the forum Legal & Accounting 17 years ago

    I’m no expert with $$$ but from my own experience, I’ve made some BIG gains after september 11th….i managed to turn $10k into $25k…..BUT capital gain tax took a chunk off it…i thought good times would go on forever…how wrong…took a BIG loss in spec. mining stock…i was back in square one….
    I think with shares even if you dedicate your…[Read more]

  • picklesam replied to the topic How long for tax returns? in the forum Help Needed! 17 years ago

    i used to do my tax online using etax and got my retun in a week…but last year i didnt do the depreciation bit so i think i’ll goto an accountant this year…

    and the worst thing is my sister’s an accountant but she doesnt do tax…not very helpful is she…[biggrin]

  • picklesam replied to the topic IS THE GREAT AUSTRALIAN DREAM FINALLY DEAD!!!!!!!! in the forum No Subject 17 years ago

    I agee with LA…there’s no point in being bitter about your situation…house prices are quite unaffordable at the moment but that’s just the way it is…I’m too from your generation but i don’t complain about it, I just find ways to try to get ahead…i’m 27 and have been living at home until last year…I was earning an average wage but still…[Read more]

  • picklesam replied to the topic I told you so !!!!! in the forum General Property 17 years ago

    i think kids/teenagers and even my generation (i’m 27) are quite spoiled…they’re just used to getting what ever they want….like cars for exmaple…i had to save up and buy a crappy one during year 12…these days parents just buy cars for their kids…and most of my friends don’t own any property..they just spend all their $$$ on holidays,…[Read more]

  • picklesam replied to the topic HAVE BOOM TIMES GONE FOREVER???? in the forum No Subject 17 years ago

    there’s this quote from this couple who have property worth $6mil plus in a magazine i read, they said those doom and gloom theorists DO NOT own any investment properties…

    Also you just don’t know who to believe, i watched this report on the ABC and the guy said demand for housing is up, but housing approval have dropped, therefore rents and…[Read more]

  • picklesam replied to the topic I told you so !!!!! in the forum General Property 17 years ago

    hi wealth4life, yeah i know what you’re trying to say…but it’s kinda hard to work on my roots now because i’m not academically or business smart, i struggled through highschool but still made it to uni…struggled through that too and now i have a pretty decent paying job, i’m pretty happy with how i turned out but don’t know how i can get a…[Read more]

  • picklesam replied to the topic I told you so !!!!! in the forum General Property 17 years ago

    i blame most of the credit card debt on plasma and lcd tvs…but personal responsibility’s got to be a factor too, i mean people complain how credit card companies keep giving credit to young people, it’s upto the young ones to say ‘no’….i met a guy few months ago who took out a 50k car loan! And he only worked at woolies in the bakery..crazy…

  • picklesam replied to the topic HELP NEEDED PLEASE in the forum Help Needed! 17 years ago

    Hi Cherry, i have a similar situation, i bought at lake mac. 2 years ago, it hasnt gone up at all, i pay $2700/m in repayments but only get $250/w in return…i too thought about selling, however i recently spoke to a builder, he’s about 60 and he’s been investing in realestate all his life..he’s got about 100 + properties…i asked him rather i…[Read more]

  • picklesam replied to the topic is this illegal/not possible? in the forum No Subject 17 years ago

    hi crj….yeah the features outlined is pretty much what’s happening…but i don’t know whether the link tells me whether i can do it or not…don’t understand the alert bits….i better ask an accountant

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