There are number of complicated and technical issues here.

Yes the OSR will expect duty on an assessed market value and yes if your mother is likely to be on receipt of a centrelink pension then the assumed total sale amount will need to be assessed.

Definitely one not to be answered on a forum but time for some specific professional…[Read more]

Agree Mandy so often the management is as good as the person doing it and when they move on the service levels drop.

I gave up 9 years looking for a number of property managers around Brisbane to manage my portfolio and ended up hiring a lady full time.

Sure I know I could do it for half the price that what I pay her but the peace of mind is…[Read more]

I agree with Terry and am at loss why you are not using an experienced Solicitor in this matter.

Getting poor advice may lead to a costly mistake.

Cheers

Yours in Finance

Hi Sam

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

I won't repeat what I have just written in response to a similar post on the same forum about another mob promoting the same concept as you can read my thoughts on that.

Again just ask them why they don't ever recommend 2nd hand property In their positive cash flow…[Read more]

Hi Sam

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

I won't repeat what I have just written in response to a similar post on the same forum about another mob promoting the same concept as you can read my thoughts on that.

Again just ask them why they don't ever recommend 2nd hand property In their positive cash flow…[Read more]

Hi Sam

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

I won't repeat what I have just written in response to a similar post on the same forum about another mob promoting the same concept as you can read my thoughts on that.

Again just ask them why they don't ever recommend 2nd hand property In their positive cash flow…[Read more]

Hi Sam

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

I won't repeat what I have just written in response to a similar post on the same forum about another mob promoting the same concept as you can read my thoughts on that.

Again just ask them why they don't ever recommend 2nd hand property In their positive cash flow…[Read more]

Hi Sam

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

I won't repeat what I have just written in response to a similar post on the same forum about another mob promoting the same concept as you can read my thoughts on that.

Again just ask them why they don't ever recommend 2nd hand property In their positive cash flow…[Read more]

Hi Steve

Sounds to me like another one stop marketing shop and trust me we have enough of them in SE Qld 

I usually say to our clients ask them do they recommend property that is 6 months old or being sold thru a Real Estate agent and see what they say.

That way they can't pull the Tax Credit card out of the hat as the difference in Tax claims…[Read more]

Hi Jeff

Sure sounds. I away working in Fiji until Tuesday but will be back on the office Wednesday morning onwards.

Cheers

Yours in Finance

Hi Miz

Yes if you are saying at the time of purchasing your 1st IP you set up a separate sub loan and drew down the funds for the part deposit etc then Yes the interest would be deductible.

It is the purpose of the funds and not the security used which is the defining fact.

Cheers

Yours in Finance

Heh that makes it almost a Quorum !!!

Cheers

Yours in Finance

Agree with Eric if you are comfortable with the Professionalism of the team you are working with makes no difference if you are overseas or inter state.

Cheers

Yours in Finance

Yes totally agree valuation is based on NAI.

There are normally 3 methods of calculating a value which gives a balanced approach.

Cheers

Yours in Finance

Niccy i am assuming you own the property solely ?

Cheers

Yours in Finance

No wouldn't be a problem on a non insured loan.

Cheers

Yours in Finance

Ivan there is no valuation they are all cash purchases.

Cheers

Yours In Finance

What is the Gross Annual Rent.

Com Properties are valued based on their rent return.

Does the Tenant cover all of the out goings ?

A few points to give you an better understanding of how to value it.

Cheers

Yours in Finance

Sat in my Solicitors office only last week signing a Contract when he told me the young Chinese lady sitting in reception had just bought 28 properties off the plan in Brisbane in 1 go.

There is no shortage of buyers up here at the moment and the activity is manic.

Cheers

Yours in Finance

Jane, you might want to be double checking CBA credit policy come Jan 1 2014.

No other lenders will lend on a property that small at a sensible rate.

Cheers

Yours in Finance