PropertyInvesting.com | shanebal | Activity https://www.propertyinvesting.com/members/shanebal/activity/ Activity feed for shanebal. Sun, 12 Apr 2026 00:42:41 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0d85438a3dac57cb7bdc892a7a55c970 shanebal replied to the topic Investor Needed in the forum General Property https://www.propertyinvesting.com/topic/4369104-investor-needed/#post-4437109 Thu, 30 Oct 2003 01:07:58 +0000 I just thought I’d take some time to reply to you Pebbles as I think there are some things you haven’t considered.

Tax. Both Income and GST. I assume this will be done through P/L company so you don’t attract CGT. For each prop you’ll have to pay 10% GST. And on your EBIT you’ll have to pay company income tax at 30%.

Interest payments. Your…[Read more]

]]> 2c8411c3fd5e9fc875e4f6f5b7a92e90 shanebal replied to the topic Renovation for starters in the forum General Property https://www.propertyinvesting.com/topic/4369028-renovation-for-starters/#post-4436540 Tue, 28 Oct 2003 08:49:27 +0000 1. Yes. CGT is a federal tax initiative.
2. If by cosmetic you mean inexpensive, then no.
3. I don’t think so, but you can claim depreciation on your renovations but this is only good if hold the property.
4. Haven’t looked at the example…sorry. [:)]

Regards,

Shane

]]> 0975c34daea7f1edb4f4de0925a04228 shanebal replied to the topic Is this mortgage broker being honest with me? in the forum General Property https://www.propertyinvesting.com/topic/4369076-is-this-mortgage-broker-being-honest-with-me/#post-4436933 Tue, 28 Oct 2003 08:32:34 +0000 Another thing Karl,

The bank will probably want a registered valuation, not a real estate estimate. These can be two very different amounts.

Regards,

Shane

]]> 542296373cdb97bf068f56edda20df87 shanebal replied to the topic Anyone for NZ IP's? in the forum General Property https://www.propertyinvesting.com/topic/4369062-anyone-for-nz-ips/#post-4436839 Tue, 28 Oct 2003 08:25:17 +0000 BTW,

I’m only going to forward general property and investment details:

purchase price
number of beds
address
current return
contact details

It will be up to each of you to take it from there. The types of properties I’ll be looking at are ‘generally’ – <$150K, returning 10%+.

Regards,

Shane

]]> c63ce30ef95614d2a6c292ef3fa68202 shanebal replied to the topic Ways to get away with your offers when ... in the forum General Property https://www.propertyinvesting.com/topic/4369050-ways-to-get-away-with-your-offers-when/#post-4436762 Tue, 28 Oct 2003 08:14:46 +0000 Well if they haven’t signed the contract then nothing has been accepted. You can walk away and so can they.

But at some point in time you will have to sign a contract to purchase the property, with conditions or without.

If I were a vendor in this market I wouldn’t accept such a clause because I know that there would be another offer just around…[Read more]

]]> 5d4bfa252fc5a57b02fc1e071108d349 shanebal replied to the topic Buy Hold Never Sell in the forum General Property https://www.propertyinvesting.com/topic/4369029-buy-hold-never-sell/#post-4436605 Tue, 28 Oct 2003 02:51:21 +0000 People,

We have to very careful with CG tax, it can sneak up on you in a variety of ways. A couple of examples:

1. If you own a house for 10 years and live in it for the first 5 and then rent it out for the second 5 you are subject to CG tax for the second 5 (there are some ways around this if you still declare this your primary residence if…[Read more]

]]> 9e8c82bcd5beb13aa017f85b4816c581 shanebal replied to the topic QS - Depreciation is it worth doing? in the forum General Property https://www.propertyinvesting.com/topic/4369014-qs-depreciation-is-it-worth-doing/#post-4436369 Tue, 28 Oct 2003 02:33:09 +0000 QS = Quantity Surveyor

Shane

]]> 86a5dbe2716f8b33071b5e990fafe893 shanebal replied to the topic Ways to get away with your offers when ... in the forum General Property https://www.propertyinvesting.com/topic/4369050-ways-to-get-away-with-your-offers-when/#post-4436760 Tue, 28 Oct 2003 02:29:52 +0000 Hang on a sec!

If milen007 puts a clause in the contract that gives him 7 days to change his mind and the vendor accepts there is absolutely nothing dishonest about it whatsoever.

However…I would be surprised if many vendors did accept such a clause particularly given the current market conditions.

Regards,

Shane

]]> f42a23f793cce289c8bdf83dd22db4fe shanebal replied to the topic Gun QLD Accountant Required in the forum General Property https://www.propertyinvesting.com/topic/4368598-gun-qld-accountant-required/#post-4432936 Thu, 16 Oct 2003 01:06:05 +0000 Hi Richard,

I’m not but will be. Based in Sydney until the new year.

Shane

]]> 03d71ef2f11c899b8536f43e144b4caa shanebal replied to the topic P&I or IO Loans? in the forum General Property https://www.propertyinvesting.com/topic/4368449-pi-or-io-loans/#post-4431918 Fri, 03 Oct 2003 06:53:09 +0000 Despite his European sounding name (dutch?), Dolf is an NZ’er. Although he spends much of his time in the States.

He runs a nice little property investment vehicle out of Christchurch in NZ that I have shares in. Here is the link:

http://www.propertyventures.co.nz

Has some lovely props including a vineyard!

Regards,

Shane

]]> deea02f2efd9c636f4095d659b3ba961 shanebal replied to the topic Vacancy rate in the forum No Subject https://www.propertyinvesting.com/topic/4368402-vacancy-rate/#post-4431657 Fri, 03 Oct 2003 01:37:18 +0000 There are two ways of looking at vacancy rates.

1. When I consider a property I always factor in a vacancy rate as a safety margin, no matter how good the property and how much demand there is for rentals. I use 5% of the gross revenue(rent).

2. The other consideration of vacancy rates is the current level of empty rental accomodation in the…[Read more]

]]> 581dd8e4ac3a188e66450c20da700d63 shanebal replied to the topic Development from scratch in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368368-development-from-scratch/#post-4431460 Wed, 01 Oct 2003 12:43:26 +0000 Thanks Bribie.

It is one block of land of 10 acres which I am planning to subdivide into 1/2 acre lots. It is in the cooloola shire.

I have talked to the council and to their old town planner who has since retired.

I have some information but I guess I really want to get some info from the horse’s mouth to avoid any pitfalls.

Shane

]]> 46cb89ab071837af7a476e7d69dad006 shanebal replied to the topic Critique The Plan & Help in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367522-critique-the-plan-help/#post-4426540 Fri, 05 Sep 2003 07:17:12 +0000 Howdy,

Interested in doing a similar thing in QLD.

Have 2 blocks and would like to chat to someone who has done this up in the Gympie/Sunshine Coast area.

Regards,

Shane

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