Wow. 3 posts all in praise of rpm.

Do you work for them? Of course not. Just a happy customer.

People. Do your own research and critically examine things before locking yourself in

They will no doubt be arguing a verbal contract

Good luck with it and pls let us know what happens

Must be distressing.That is something you will have to argue about. Whats your lawyer saying? You might have to bring the tenant in as a party to any court case.On the other hand legal expenses are likely to be high and hte risk of having to pay costs to the otherside if you lose. It may be worth considering just to pay it and claim the deductions…[Read more]

I see. In that case then the administrators can continue with the litigation. How much are they suing you for? usually they wouldn't bother as their fees would be more than the get back – good way to get paid though!

That must mean your tenant is under administration? What has happened for that to occur?

It is possible but only invest with money that you are prepared to lose

Foreigners cannot own land so you would need thais to help you even if forming a company you need majority thai ownership

Great place to retire to cheap, but bkk getting expensive countryside still very cheap

Do you mean debt collectors?

If so, then the electrician could have sold or assigned his debt. The new assignee would have the same rights to be paid as the original electrician – which is in dispute. It would be his arguments and evidence against yours still.

Who are the liquidators?

Sounds good. But how much did it cost you for the RPM fee? And was their service something that a good broker couldn’t provide for much less?

Hi

I am a solicitor and have a biased view of course. The problem with using a conveyancer is that they aren’t trained in other areas of law. Sometimes this other knowledge comes in handy when doing a conveyance – family law, succession, trusts, bankruptcy etc etc.

However, in many cases conveyancers do know more about property transactions than…[Read more]

The bank saying they wouldn’t accept it unless under a discretionary trust is strange. Maybe it was more like ‘you don’t pass, but if you were using a DT it might”?

Also, it is strange that bank west isn’t really keen on trusts.

But it may work out better for you by using a DT

Can’t help with vic, but tell your advisor to look at partitioning the property under the duties act. ie when you buy it you buy in the same % share as the end ownership. Not sure if it can be done down there.

Hi Re

So the bank doesn’t know that the house burnt down? I would think you would have been required to notify them. They would also be listed as an interested party on the insurance.

They could want to reduce the LOC, but if they know you are going to build then maybe not.

or http://www.houseofwealth.com.au

Don’t forget that you can transfer properties without stamp duty or CGT payable on a separation. But watch out for CGT impregnated properties as you will inherit the debt.

i think in Melb there is http://www.gatherumgoss.com Pat

Interest would still be a cost even if deductible.

Remember it is legally your property until you settle so you would normally receive any rent.

Maybe they are also trying to buy up neighbouring properties too? development?

possibly.

what state?

ozkar wrote:
It’s funny reading posts from mortgage brokers that are working on pure assumption. Not that there is any conflict of interest but I’m sure they will tell you they can do a better deal / offer on a home loan.

My wife and I have been an RPM client for some time and many of the posts above are inaccurate. RPM are not mortgage…[Read more]

Interesting situation.

Is it a main residence or investment? Owned prior to 1985?

I think insurance payouts are generally tax free, but not totally sure.

All on one title now?

Once you split them you will have 3 titles – you could only live in one. There may be a way to purchase it now with your son on title and then divide the title and move 2 to your name and 1 to his. Possibly no stamp duty if done correctly. Then possible 2 out of 3 CGT free,

You need good advice/