Total Members: 158,088

Redwood

  • Redwood replied to the topic Had a conversation with my tax accountant about Melbourne property in the forum Help Needed! 6 years, 5 months ago

    Steven

    I tried to read most of this. If your accountant is trying to push you into property, particularly new property, perhaps you should consider a new accountant or respectfully decline and ask them to stick to accounting.

    I would not touch an Apartment in CBD Melbourne or student accommodation.

    Cheers Ivan

  • Redwood replied to the topic PPOR and Super funds in the forum Legal & Accounting 6 years, 11 months ago

    Hi there, correct you cannot purchase your own residential property.

    Cheers Ivan

  • Redwood replied to the topic Selling off the plan, how does it work in the forum Help Needed! 7 years ago

    John

    You will need to engage a lawyer to review the contract and determine based on the relevant clause if the developer will allow you to sell prior to settlement and who keeps the profit – you or the developer. Some of these contracts are quite cunning in this regard.

    There will be a nomination involved which the lawyer will provide legal…[Read more]

  • Redwood replied to the topic Salary Sacrifice and Trust Distribution (as Income) in the forum Finance 7 years ago

    A small business with 100 or so employees….

    ha

    Cheers Ivan

  • Redwood replied to the topic Start a Mortgage Broker Business in the forum Help Needed! 7 years, 2 months ago

    Hi there –

    Good luck firstly with your new year resolution :)

    Firstly you will need to be qualified and generally will need to be mentored for 2 years, even with 2 years of experience overseas. You can join FBAA with a Cert IV

    1) How should i start out?
    a) go out on my own and find my way
    b) start working for somoneelse, get the knowledge then…[Read more]

  • Redwood replied to the topic pre sale apartment in the forum Heads Up! 7 years, 2 months ago

    Mido

    OTP and a completion in 2019 is worrying, in any city – however when its in perth its more of a concern.

    Cheers Ivan

  • Redwood replied to the topic Slef Managed Super and Commercial Real Estate in the forum Commercial Property 7 years, 4 months ago

    Rocky

    I don’t think anyone could answer your questions without a detailed analysis of your objectives, current super balance and investment strategy. If investing in Super – this will be Financial advice. In saying that, an analysis of your current assets and liabilities outside super as well as your borrowing capacity inside super – for instance…[Read more]

  • Redwood replied to the topic Financing for purchase of property in USA? in the forum Overseas Deals 7 years, 4 months ago

    Hi David

    You as a Aussie can obtain a loan in the US.

    Matters have relaxed in recent years and I just hope you focus on due diligence before investing.

    I’m in the states this friday for 2 weeks rekindling and investigating my chess moves in the states. Things have changed, the economy has rebounded, defaults have expired and house prices have…[Read more]

  • Redwood replied to the topic Sign off Letter of comfort requested from Bank in the forum Help Needed! 7 years, 5 months ago

    Hi there,

    Unfortunately you will be up for a last minute surprise. A FP will most likely charge between $1k and I have seen $3k for this sign off. Legally, it can be interpreted as credit advice, so good FP will most likely be reluctant to sign off. You can try ringing around, but expect push back, as the legalities around this are becoming…[Read more]

  • Redwood replied to the topic Mortgage Broker changing aggregators. Which one? Help! in the forum Finance 7 years, 6 months ago

    Was with VOW now with Connective. Very happy, I pay a set fee and take 100% of comms which works out well.

  • Redwood replied to the topic Home loan for foreign investor in the forum Finance 7 years, 7 months ago

    Shawn

    Depends on currency. NR loans have changed significantly and personally I let my chinese speaking staff deal with these, fact of the matter is the banks have finally decided to stop allowing deals to come in with falsified payslips from china. They turned off the tap. As a result, many chinese investors have now been left at settlement with…[Read more]

  • Redwood replied to the topic Anyone had any luck with Positive geared holiday rentals in the forum Help Needed! 7 years, 7 months ago

    Doubt it – my holiday home is a emotional decision not investment – yes I can rent it in summer and certain ‘event’ weekends – ye phillip island….but i’m not one for sharing. A perm rental will certainly leave me short and not positive. Yield is not attractive in these areas as is the same with capital growth and investments such as these are…[Read more]

  • Redwood replied to the topic ip focused accountant melbourne in the forum Legal & Accounting 7 years, 7 months ago

    Hi Keith –

    There will not be a set fee a accountant charges. Generally the fee will depend on time taken and of course the structure used and the number of properties involved. Generally, the accountant won’t tell you the fee upfront, but if you are feeling you are not getting bang for your buck, then challenge the accountant or as your doing…[Read more]

  • Redwood replied to the topic Company's and Trusts in the forum Help Needed! 7 years, 8 months ago

    Nathan a trust needs a trustee, I always go company as trustee but this will depend on your circumstances and what your trying to achieve, I assume the name title is an individual so do a company search and see if thats available, but I would not use my name in a company…..i.e not full name.

    Cheers Ivan

  • Redwood replied to the topic development property help in the forum Help Needed! 7 years, 8 months ago

    Heidi, where are you looking.

    we have two sites at the moment and one took 12 months to get planning approval and one the second the council rejected after advertising (with no objection) for some unknown reason. This is Noble PArk we we have done 20 plus developments – this is repeated everywhere.

    I am now getting sick of it and like most…[Read more]

  • Redwood replied to the topic 5 year fixed rates? in the forum Finance 7 years, 8 months ago

    DC why are you looking to fix for 5 years? personally I wouldn’t. Not sure about tuesday but I see 2 X 25 basis points cuts by the end of the year, and therefore would not be fixing. Would be great if big 4 passes on the cuts but that is a unknown. Rates are sharp at the moment – Westpac has a variable rate of 3.75 % variable rate (2 years) – up…[Read more]

  • Redwood replied to the topic Japan (and its Real-Estate market) Rides Again in the forum Overseas Deals 7 years, 8 months ago

    Hi Ziv

    Was in Japan for a couple of weeks early this month, I’ll have a read and genuinely cannot see where Japan will grow……pretty dire over there in all the cities i visited.

    Cheers Ivan

  • Redwood replied to the topic Western Suburbs of Melbourne in the forum Help Needed! 7 years, 9 months ago

    Shane – well summarised, I call it ‘revitalisation’ and we have seen this in spades. Look at Braybrook which is a great area using the principal of revitalisation …choose carefully in Sunshine

    Cheers Ivan

  • Redwood replied to the topic SMSF Co-owner use in the forum Legal & Accounting 7 years, 9 months ago

    Richard – I would not bother with such an arrangement, if you are borrowing, this will need to be on one title, and otherwise your smsf auditor will questions –

    Cheers Ivan

  • Redwood replied to the topic $200 if I can also use your RP Data Professional Subscription in the forum Buy, Swap & Sell 7 years, 9 months ago

    I pay $2600 a year, why would I provide you with my login for $200? :)

    Cheers

  • Load More

Redwood

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