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  • Profile photo of vyaw2003vyaw2003
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    @vyaw2003
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    Post Count: 188
    November 7, 2006 - 1:26 am

    that maybe better, as i will get taxed on my profits
    cost 70 expenses maybe 20, so i would get taxed on anything above 90k that i sell it for.

    Real estate will take 7k should get taxed another 10-15k

    I will loose nearly 20k on the sale. Is that correct?

    Profile photo of vyaw2003vyaw2003
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    @vyaw2003
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    November 6, 2006 - 11:45 pm

    the property has already gained a fair amount, rent was returning a good amount when i first got it. now, i just worked out it returns 3.9% after all expenses (bc, rates and so on). I am not making much from rent but i could make a better $$ from selling it now. On 1 $100,000 property in Victoria, buying and selling, how much do i actually loose in taxes and real estate fees? $10k?[goatee]

    Profile photo of vyaw2003vyaw2003
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    November 6, 2006 - 6:25 am

    i too have lost the point, “+CFI are not found they are made”??
    can i have an example?? Do I buy a crap place paint it and mow the lawn and rent it out for way more than what is was previous rented for… Is that what you mean?
    Sorry i am a bit confused>>> how do i make them?

    Profile photo of vyaw2003vyaw2003
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    @vyaw2003
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    November 4, 2006 - 3:50 am

    that is the total cost, no gst, no advertising fees, nothing just the flat fee of $6,700. and i dont have to pay any more.

    Profile photo of vyaw2003vyaw2003
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    April 24, 2006 - 7:41 am

    what is a trust? where can i get info on this?

    the loans are seen as one, i borrowed over a total of $150k so i got the good interest rate. Keeping them seperate wont have any effect, unless you mean i will save on a monthly rate. If i do that i would have 2 properties secured against 1 loan. I dont want that. if i pay one off first i can buy another house, but the if there is one loan way i am locked in to a certain degree.

    Profile photo of vyaw2003vyaw2003
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    @vyaw2003
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    April 23, 2006 - 11:08 pm

    i will explain further to get rid of the confussion.
    I refinanced a loan and used this as a deposit on a new place to live in. My accountant said because i was using this money to buy a place to live in; even though it was secured against an investment property; it is what it is borrowed for that counts for tax. If i tried to claim this, the ATO would search to see if any stamp duty had been paid on this property. If it hadn’t i would be in trouble with the taxman if i tried to claim this.
    Is this correct?

    Profile photo of vyaw2003vyaw2003
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    April 20, 2006 - 2:47 am

    whats a wrap?

    Profile photo of vyaw2003vyaw2003
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    March 24, 2006 - 3:44 am

    much much do you want to spend? where do you want to build?

    Profile photo of vyaw2003vyaw2003
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    March 14, 2006 - 3:28 am

    put in a low offer before auction, give yourself time for another other if they reject or negotiations. remember that the auction will cost seller a couple of $1,000 so they will consider your offer as it will save them money.

    Profile photo of vyaw2003vyaw2003
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    March 1, 2006 - 6:03 am

    kind of a hard one, what is in the kitty? what needs doing? What did the last years cost count for. at least he didnt give these to me incorrect, just that he thought that i may over look it as it was broken down into quarterly payments.

    heads up, keep our wits, and be smart, and thoughrer[thumbsup2]

    Profile photo of vyaw2003vyaw2003
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    @vyaw2003
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    January 31, 2006 - 5:23 am

    how much can you rent these places for?[goatee]

    Profile photo of vyaw2003vyaw2003
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    January 31, 2006 - 5:21 am

    cities where the rent is just not enough to buy include.
    Gold Coast
    Sunshine Coast
    Brisbane
    Caboolture
    Bundaberg
    Cairns

    Where is somewhere that you can actually get a decent return for your $$?????[glum2]

    Profile photo of vyaw2003vyaw2003
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    January 30, 2006 - 11:46 pm

    I only worry about the rent returning more than the repayments. Rates and other stuff, fees, bodycoporate, and insurance i cover myself.

    Any ideas on what cities i should be looking at?[grad]

    Profile photo of vyaw2003vyaw2003
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    January 30, 2006 - 7:45 am

    Hello,
    Can i ask what city this was in?

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