Total Members: 151,416

PropertySeeker

  • Hi all,

    I’m about to purchase a unit using my family trust. Does anyone know if the stamp duty amount is going to be same as if I bought as an individual? Or will it be more because a trust is involved.

    Thanks

    PropertySeeker

  • Hi all,

    Thanks for the replies. Yes I will also have a registered agent to manage the tenants, my cousin will just be doing admin stuff like paying bills like strata/water/council, selecting tenants (short listed by agent), attending strata meetings etc. Initially I had the agent doing all this but they didnt do a very good job so I took it back…[Read more]

  • Hi all,

    Thanks for the replies. Yes I will also have a registered agent to manage the tenants, my cousin will just be doing admin stuff like paying bills like strata/water/council, selecting tenants (short listed by agent), attending strata meetings etc. Initially I had the agent doing all this but they didnt do a very good job so I took it back…[Read more]

  • Hi all,

    I own a few IPs, I’m thinking of hiring a property manager (not a realestate agent), but rather my cousin to manage the operations, eg. strata meetings, pay bills, screen tenants etc. I’m planning to pay him, will that be tax deductible? His payment will be a lot and will make my IPs negative geared. Is that legal?

    Regards,
    PropertySeeker

  • Hi all,

    I own a few IPs, I’m thinking of hiring a property manager (not a realestate agent), but rather my cousin to manage the operations, eg. strata meetings, pay bills, screen tenants etc. I’m planning to pay him, will that be tax deductible? His payment will be a lot and will bring my IPs into negative geared. Is that legal?

    Regards,
    PropertySeeker

  • Hi everyone,

    I’m not sure where to post this, so i’ll just put it here. I have a neighbor whose big tree is leaning on our shared wooden fence, I’m concerned it will knock over the fence to my side. The tree just needs a trim to keep it standing straight, for some reason it has grown big branches toward my house hence making the trunk lean. I…[Read more]

  • Hi everyone,

    I’m not sure where to post this, so I just put it here.

    I’m about to buy a house and done a building report. It came back saying the house is “free standing building of timber
    frame construction, clad with fibre weatherboards”

    Does anybody know if “fibre weatherboards” refers to asbestos material?

    Thanks
    PropertySeeker

  • Hi everyone,

    I’m thinking of switching some of my investments to interest only. It seems heaps of investors do this, however I’m concerned about when it expires, what do investors do then? Do they sell off? Do the refinance to a different lender?

    Thanks
    PropertySeeker

  • Hi all,Well I actually purchased another unit to live in while renting the house out. Does that mean that's my PPOR? What exactly is considered a PPOR? Do I have to register somewhere?ThanksPropertySeeker

  • Hi all,thanks for the responses. A rough number would be about 400k LOC. Only 2 IPs have positive cashflow the other 3 are still negative. I was hoping that I wouldnt have to enter the stock market as it seems too volatile and risky. Perhaps manage funds would be better suited for me hmmmmmThanksPropertySeeker

  • Hi everyone,so it seems that LOE is off the table. I currently have 5 IPs with a bit of equity, what would people in this situation do now? what is their technique to retire? Selling seems abit wasteful and CGT isnt attractive. My goal is to retire ThanksPropertySeeker

  • Hi all,thanks for the response. Terryw what do u mean by capitalised loans?I've been investing in properties for about 6 years now and not exactly sure how i can use these to retire. I could continue to buy more however it seems I would just have to continue to work to service them and never stop…..ThanksPropertySeeker

  • Hi Jamie,I guess I would like to buy a house since my PPOR is currently a small unit. However if I sold the IPs I would be hit with CGT, is there a way to avoid selling? or perhaps selling and avoid CGT?ThanksPS

  • Hi Everyone, i still have not settled!! the vendor claims they have went to tribunal but since they submitted a wrong name the need to re-apply for another tribunal, which is on 3rd Dec?!? I mean, what are they doing?!? I spoke to my lawyer and she simply says I have to wait….its soooo long now….is there any compensation for the…[Read more]

  • hi everyone,actually yes, VP was on the contract and the tenants are not on a lease. I asked for a late settlement, hence giving them 10 weeks to settle, the selling agent told me that the tenants will be out within 6 weeks but they are still there now and it is currently the 11th week.I'm worried to sign the notice to complete because after 14…[Read more]

  • so that 30K from my equity is also consider "borrowed" money and I have to pay interest on that as well?ThanksPropertySeeker

  • I got it now, i just called up strata management, they had the details Thanks for the response everyonePropertySeeker

PropertySeeker

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