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

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]

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]

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

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

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]

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

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