Steve McKnight replied to the topic NDIS/SDA Properties in the forum Help Needed! 6 months, 3 weeks ago
Hi there,
Some investors I know swear by NDIS, but in my opinion, any investment that is only ‘made good’ by tax incentives needs to be examined suspiciously. One of my rules is: don’t let the tax tail wag the investing dog.
Specifically in respect to NDIS, I wonder what impact the requirements may have on your ability to exit – to whom, and how…[Read more]
Steve McKnight replied to the topic NDIS/SDA Properties in the forum Help Needed! 6 months, 3 weeks ago
Hi there,
Some investors I know swear by NDIS, but in my opinion, any investment that is only ‘made good’ by tax incentives needs to be examined suspiciously.
Specifically in respect to NDIS, I wonder what impact the requirements may have on your ability to exit – to whom, and how much.
You can find out more about NDIS investing…[Read more]
Steve McKnight replied to the topic Looking for insights, coaching, opinions and help in the forum Help Needed! 7 months, 3 weeks ago
Hey Harley,
It sounds like you might be better off with the services of a buyer’s advocate to find you something, but I must say I am not very enthusiastic with the strategy behind your investment. It looks like you are trying to buy, rather than make, your profit.
If that is the case, you are relying on the area more or less alone to drive y…[Read more]
Steve McKnight replied to the topic Banks discriminating against property investors in the forum General Property 7 months, 3 weeks ago
Worth a try Tony, and I wish you all the best. Sadly, I think I can hear the sound of silence from here though.
I wrote to my local member, Josh F – the Treasurer – about my concerns with the NCMCC, and his reply – more than a month later – was stock standard “refer to the legislation”. Slightly more than useless.
I think your better option is…[Read more]
Steve McKnight replied to the topic Monash Site Subdivision in the forum Help Needed! 7 months, 3 weeks ago
G’day,
Hmmmm. This is something I would definitely pay some money to a good town planner to discuss, as you may not need a building permit, but I would expect you will at least need a planning permit.
Get in touch with the friendly folks at: http://www.townplanning.com.au
Alistair Perry should be able to point you in the right direction.
– Steve
Steve McKnight replied to the topic Covid Code and current lease ending in the forum Commercial Property 7 months, 3 weeks ago
G’day Pascoe2.
Yeah, this is one of the many, many, many complexities that the, IMHO, poorly thought out NCMCC has constructed.
Have you read what I wrote at the link below? There is also a very handy flow diagram I constructed at the same link.
https://www.propertyinvesting.com/covid19/
It seems to me the following principles would apply re:…[Read more]
Steve McKnight replied to the topic A lawyer? Fair Trading? Feeling silly! in the forum Help Needed! 8 months ago
Oh Susanne.
This sounds horrible, and I’m sure you are feeling quite anxious and stressed. Hang in there… I’m confident a solution can be found.
First of all, building disputes are incredibly common. In fact, I think if there was ever a building contract that didn’t have some wobbles, I would be amazed. Just look at the State government and…[Read more]
Steve McKnight replied to the topic Avoid CGT? in the forum Help Needed! 8 months, 1 week ago
Yeah, if I’m reading the post right, and you are asking how you can prove you lived in a house as a home when you didn’t, then I’m totally uncomfortable making a declaration that you know to be false. That’s straight tax-avoidance. Also gaining a financial advantage by deception. Just pay the tax and give thanks you live in a country like…[Read more]
Steve McKnight replied to the topic Avoid CGT? in the forum Help Needed! 8 months, 1 week ago
Yeah, if I’m reading the post right, and you are asking how you can prove you lived in a house as a home when you didn’t, then I’m totally uncomfortable making a declaration that you know to be false. That’s straight anti-avoidance. Also gaining a financial advantage by deception. Just pay the tax and give thanks you live in a country like…[Read more]
Steve McKnight replied to the topic COVID-19 Estimator & Assistance in the forum Help Needed! 8 months, 2 weeks ago
Haven’t seen anything sorry Sue.
Steve McKnight replied to the topic APRA Brakes – will they be lifted? in the forum Finance 8 months, 2 weeks ago
Not sure how much lower interest rates can go. And if investors can’t make money where they are now, then there probably isn’t much hope that they’ll do better at 100bp lower.
– Steve
Steve McKnight replied to the topic COVID-19 Estimator & Assistance in the forum Help Needed! 8 months, 2 weeks ago
Thanks! :-)
Steve McKnight replied to the topic Help me understand the COVID19 app thingy in the forum Opinionated! 8 months, 2 weeks ago
Okay, I’m not a conspiracy theorist, but I have to admit to some serious reservations about downloading an untested app, without sufficient privacy laws in place now, and with a government that is making policy up on the run who is bribing us to download the app with promises of ‘we will let you all out of lockdown sooner if you have it.’
This…[Read more]
Steve McKnight replied to the topic Covid19 – the next steps? in the forum Opinionated! 8 months, 2 weeks ago
I think we’ve created a ‘success problem’, namely that while we might have low cases, the rest of the world more or less doesn’t.
Can we live in isolation? Yes. Can our economy and pre-COVID-19 standard of living survive isolation? No.
The question I keep coming back to is this… what happens when we open the borders?
It seems to me that the…[Read more]
Steve McKnight replied to the topic APRA Brakes – will they be lifted? in the forum Finance 8 months, 2 weeks ago
Hmmmm. Even with the ‘brakes’ eased, the increasing loan book risk is likely to cause lenders to lower LVRs and increase credit qualifying criteria.
Beyond that, is getting into more debt really the answer? Short term fix for long term pain.
– Steve
Steve McKnight replied to the topic Problems when buying commercial Property in Canberra due to Covid-19 Situation in the forum Commercial Property 8 months, 2 weeks ago
Yes, aside from financing (liquidity for commercial property is drying up), you need to assess a tenant’s ability to (1) pay the rent, and (2) pay the outgoings, and (3) survive post pandemic.
Given commercial property is mainly about income, the quality of the tenant and their ability to pay is a real risk.
It is likely that commercial property…[Read more]
Steve McKnight started the topic COVID-19 Estimator & Assistance in the forum Help Needed! 8 months, 2 weeks ago
Hi everyone,
We’ve just published a handy COVID-19 Fact Sheet and commercial property calculator that we will update regularly.
You can check it out here: COVID-19 Commercial Property Calculator.
We’re also here to help try and answer any questions you have about negotiating lease amendments. Please just make a forum post and we’ll do our be…[Read more]
Steve McKnight started the topic COVID-19 Estimator & Assistance in the forum Help Needed! 8 months, 2 weeks ago
Hi everyone,
Please use this thread to post any questions you have about our new COVID-19 Commercial Property Calculator.
We’re also here to help try and answer any questions you have about negotiating lease amendments.
Regards,
– Steve
Steve McKnight replied to the topic Operational Aspects of DT with Corporate Trustee in the forum Legal & Accounting 10 months, 1 week ago
Hi there,
As outlined below, your company will need a registered office (CORPORATIONS ACT 2001 – SECT 142), which must be a physical address (i.e. where notices can be sent). It cannot be a PO Box (CORPORATIONS ACT 2001 – SECT 100 (c)), but it can be a home address.
The requirements of a Registered Office are (CORPORATIONS ACT 2001 – SECT 144) a…[Read more]
Steve McKnight replied to the topic Operational Aspects of DT with Corporate Trustee in the forum Legal & Accounting 10 months, 1 week ago
Hi there,
As outlined below, your company will need a registered office (CORPORATIONS ACT 2001 – SECT 142), which must be a physical address (i.e. open to the public).
The requirements of a Registered Office are (CORPORATIONS ACT 2001 – SECT 144) are:
Company’s name must be displayed at registered office etc.
(1) A company must display its n…[Read more]
- Load More