Hi JrFirstly welcome to the forum and I hope you enjoy your time with us.Think your wife is a being a little cautious and understandably in her current state.You have a decent amount of equity and as long as the property you look to acquire is fairly cash flow neutral then really there is absolutely no reason at all why you shouldnt start your…[Read more]

Yes financed one on the original release for a client in town and they have never had a days vacancy.There's was only a 1 bedroom but still just as popular.Certainly prices have also risen since the completion.If you want to email me the address i can send you back the Residex price comparison.

Jackif you want to email me the full street address I will run of a residex report for you

Tam again where abouts are you based.

Hi JacobFirstly congratulations on making the decision to get into property investing something that once you start you cant give up.I am suprised that the property is a – geared with a loan of only 60K outstanding.Structuring the loan is probably one of the hardest tasks and getting it right is not easy to avoid making the usual mistakes.Whilst…[Read more]

Can i ask why Qld.I have one or two properties in Qld and am looking to diversify interstate for new few acquisitions.

Well simple answer is Yes you would get slugged with CGT using the concessionary rate.

Remember CGT is only payable on an actual capital gain.If you purchased it for $300K and due to the market conditions it is only worth $300K then there is no capital gain.

It sounds to me that serviceability is the issue but again without exact figures difficult one to answer.If this is the case lodoc probably not an option as most lenders wont consider lodoc refinance.As has been pointed out utilising a LOC to 90% and funding it this way is an option.Land on its own probably without a rental return (unless there is…[Read more]

Nothing to stop you purchasing the wifes IP and she purchasing yours for market value.Alternatively both sell them into a Unit Trust.You would borrow 100% plus stamp duty on the value of the IP's and use the net residual amount to pay down your PPOR.Then take it upto an 80% LVR by utilising an LOC and use this to funds the future deposits.This way…[Read more]

And does there work come with a Guarantee that their structure is ATO compliant.Personally I would never take the word of a marketing organisation trying to sell me a property package for something as important as this.

Andy as that was an interesting opening post would you like to tell us a bit more about the Company you are inquiring about.

Hi NathanSounds like a good deposit.Hate to say if you are thinking of wrapping it to her for the same as the purchase price you are lossing serious money and exposed to risk.You will incur stamp duty on the acqusition and other purchase costs and would be wanting to add on a decent profit margin.If the actual price is $365,000 you would probably…[Read more]

Very good point SNM.If avoiding Land Tax is your criteria for investing i think you are selling yourself short.The entity should be based around the property itself and the aim of the exercise rather than merely isolating a deductible cost and revamping your strategy accordingly.

Now I understand I can sell my RE to a company, which can then hold the RE for the SMSFNot if the security is residential you cannot.

NathanDo i read it correctly she has $90,000 deposit which she would use ?

Couple of quick pointsRather than selling the blocks to the SMSF I am thinking of holding the land and have the SMSF buy the transportable homes. Unofrtunately you are unable to sell the blocks to the SMSF anyway so that is out of the equasion.Question1?: As the landowner I could give a lease – say a 25-year lease – to the Super fund ?If yes – the…[Read more]

If anyone wants a report anywhere in Australia and Mike has is not able to assist drop us a line and I can email you one.I am looking at expanding my own residential portfolio outside of Qld so have subscribed to the complete Australian wide service from Residex for my own purposes.Happy to share with other investors or home buyers if anyone needs…[Read more]

NOS1Probably allow $2000 for an Accountant to set up a Company and DFT structure.Remember to take your partners income into consideration for financing they will need to be a Director / Trustee and this may not be ideal for complete Asset protection.Obviously whilst interest is a deductible expense when used for developing using your own cash…[Read more]

Where abouts are you based Andrey ?