Each Council will have its own professes, fees and charges for such activity.

Brisbane like many Council's allow Private Certification so why not just give a surveyor / town planner a call and get them to give you a quote of the costs involved in the area you are interested in.

Cheers

Yours in Finance

If i fall on hard times i am moving down to Vic and renting one of Jac's properties.

She sounds like the dream landlord.

Cheers

Yours in Finance

Hi Mick

I have to say i couldn't disagree more with the Margaret Lomas recommended set up and loan structure but in saying that i am not a fan of cross collateralised loans.

Why give lenders that much control over your portfolio.

When they decide they don't want to led you any more money then 'here endith your investing',

I started building my…[Read more]

Smart the NAB Choice package is par for the course.

Personally i don't like to recommend the IP loans are with the same lender you hold your PPOR.

Even if you do go with NAB make sure they don't cross the loans as they will certainly try to.

Cheers

Yours in Finance

If you mean the Depreciation then No you don't pay that back but if you mean the Capital allowance claim then the cost base is reduced by the amount claimed.

i.e  purchase price $300K and you have claimed 10 years worth of Capital Allowance at say $40,000 your cost base would be reduced to $260,000 for CGT purposes.

Cheers

Yours in Finance

Trust me gives you choice but that's about it.

The choice to go away where and within reason when you want to. (Ignoring kids being at school, their friends etc etc) to shop where you want and freedom but you can get bored very easily doing nothing when everyone else is doing something.

What you normally do is after 6 months of doing nothing is…[Read more]

Hi Songrad

Yes certainly for the year going forward.

Why wait until post June 30 2013 to claim your deductions.

Cheers

Yours in Finance

Jannazo

Wow sounds very expensive to me and cant see why it would that more complicated than the average SMSF.

Then of course you have to find a lender that will lend to a SMSF for a NRAS property.

They are around but they are not thick on the ground.

Cheers

Yours in Finance

Agree Fatman love the Hunter.

Just about to list my mother in laws property in Merewether.

Cheers

Yours in Finance

I don't think there is any issue in rushing in as long as you have performed your due diligence on the area before you do.

Check out the August edition of Australian Property as it had their top 100 suburbs around the Country.

Thee was from memory a few suburbs in the top 20 in WA.

Cheers

Yours in Finance

Bruno

Remember you need an Accountant that suits your investing so if you decide to set up a SMSF choose one that can Audit the Fund at the same time.

Not all Accountants specialise in all areas of investing.

For the right advice it might be worth travelling as the cost of the trip could be Tax deductible.

That's why i have mine located on the…[Read more]

Agree with Terry.

Spent a few hours with a Barrister many years ago over the weekend of the NRL Grand Finals and he charged us $17,000 for his time. Thankfully the project earned us 10 x as much as his costs but still not a bad hourly rate.

Think twice.

Cheers

Yours in Finance

The other thing to bear in mind is that the Accountant may go and suggest a structure or two and as Terry mentioned charge you by the hour to set them up only to find that your Mortgage broker tells you the financing will be more expensive using that structure or even worse cannot be financed at all.

Cheers

Yours in Finance

Songrad Are you employed or Self employed ?

If the property is negatively geared and you are PAYG i would be looking to get the Depreciation schedule done ASAP and then lodging a Tax variation.

Don't wait until the end of the year to get any potential refund as it will be a lot more powerful in your pay packet each fortnight.

Cheers

Yours in…[Read more]

If you intend to on sell them once complete i would personally thing the returns are far too low as you havent considered any of your sale costs, GST, Tax etc

Can't comment on the cash flow as you havent given us the likely gross rent.

Cheers

Yours in Finance

Geeta firstly welcome to the forum and I hope you enjoy your time with us.

What sort of budget do you have in mind ?

Cheers

Yours in Finance

Mick

Each to their own but i would avoid them like the plague.

What looks like a nice place to buy or invest in when you are sunnying it on the beach can look at bit different when the level of occupancy / weekly rent falls out of holiday season.

Other potential is financing the deal as lenders wont take in the norm holiday income into…[Read more]

Couldn't agree with you more Jamie.

Must admit for a new client without a track record i politely tell them i can assist at 95% lvr.

The number of grey hairs is just not worth it.

Cheers

Yours in Finance

Bruno

In fact if you want to flick me an email i will send you a copy of a SMSF Ebook i put together a year ago.

Cheers

Yours in Finance

Bruno

If you have equity in any of your properties you could always look to lend the 20% from your own funds to the SMSF and borrow the balance from a traditional lender.

Not necessarily a recommended stategy give the level of borrowing but you do have the fall back that you have the funds available to come retirement.

Cheers

Yours in Finance