Total Members: 159,188

acurabot

  • acurabot replied to the topic Help needed! Cost to demolish attached garage in the forum Help Needed! 5 years, 9 months ago

    Thanks Steve.

    Any guidance on what budget I should allow for this?

    Donnie

  • acurabot started the topic Help needed! Cost to demolish attached garage in the forum Help Needed! 5 years, 9 months ago

    Hi guys,

    I’ve got a house under contract and currently in Due Diligence.
    The plan is to subdivide the property but the attached double garage goes over the middle boundary.

    As such, I need a turn key solution to:

    – Demolish attached double garage
    – Put up new matching brick wall
    – Trim roofing to fit new width
    – Remove any concrete slab
    -…[Read more]

  • acurabot started the topic Help needed! Cost to demolish attached garage in the forum Help Needed! 5 years, 9 months ago

    Hi guys,

    I’ve got a house under contract and currently in Due Diligence.
    The plan is to subdivide the property but the attached double garage goes over the middle boundary.

    As such, I need a turn key solution to:

    – Demolish attached double garage
    – Put up new matching brick wall
    – Trim roofing to fit new width
    – Remove any concrete slab
    -…[Read more]

  • acurabot started the topic Can anyone recommend an architect for units? in the forum General Property 10 years, 1 month ago

    Hi guys,

    I’ve got a project that is 1425m2 of District Centre Land (DC1) in Brisbane City Council. I’d like to do a DA on it for 4 storeys of units consisting mostly of 1 and 2 bedroom units and underground carparking. Can any of you recommend an architect of reasonable price in Brisbane?

    Thanks,
    Dao

  • acurabot replied to the topic Maximum number of tenants under BCC? in the forum Help Needed! 11 years, 2 months ago

    Thanks guys. I will enquire about them.

  • acurabot replied to the topic Maximum number of tenants under BCC? in the forum Help Needed! 11 years, 2 months ago

    You are correct RPI and your information was helpful as always. I am in Low Residential so therefore, I will have to talk to my property manager in getting one lease for my future tenants once my renovation has been completed.

    Cheers,
    Dao

  • acurabot replied to the topic Maximum number of tenants under BCC? in the forum Help Needed! 11 years, 2 months ago

    Thank you. Interesting read indeed

  • acurabot replied to the topic How to invest in positively geared property using infil laws in the forum Creative Investing 11 years, 2 months ago

    Hi Sean,

    What are the restrictions in regards to the maximum number of unrelated tenants allowed to live in the granny flat and main dwelling? Either in part or in whole?

    Cheers,
    Dao

  • acurabot replied to the topic LMI on PPOR to buy IP – Tax Deductible? in the forum General Property 11 years, 2 months ago

    Saz,

    I have a good accountant that I use who is based in Robina if you'd like her details. She is also a property investor. PM me if you'd like her details and I'll pass it onto you.

    Cheers,
    Dao

  • acurabot replied to the topic What’s the next step towards financial security? in the forum Help Needed! 11 years, 2 months ago

    Thanks wilko1. You are right, I had calculated my usable equity wrongly. Unfortunately FIFO is not an option for me as I have family responsibility requiring me to be based locally, however, as you have suggested, I am looking at expanding my yearly salary with local companies which do not require relocation.

    In terms of moving forward, would you…[Read more]

  • acurabot replied to the topic LMI on PPOR to buy IP – Tax Deductible? in the forum General Property 11 years, 2 months ago

    Hi Saz,

    I am also no accountant but from my experience, if the LMI is a result of purchasing an IP then it is tax claimable split over a period of 5years. LMI's are considered to be a "loan" in a sense so the repayments are tax claimable. I'd still advise you to see an accountant and double check this.

    Cheers,
    Dao

  • acurabot replied to the topic How to invest in positively geared property using infil laws in the forum Creative Investing 11 years, 2 months ago

    Hi Sean,

    Could you please explain about the zoning required to do this? I.E What is the minimum zoning required? Also, what about power and water connections? Do you use one connection for both dwellings and have the tenants split the bill or do you put in place seperate meters?

    Cheers,
    Donnie

  • acurabot replied to the topic SMSF is it worthwile? in the forum Help Needed! 11 years, 6 months ago

    Hi guys,

    I'm trying to figure this all out myself. What I'm having trouble finding information on is whether I'd be able to access the positive cashflow now or would I have to wait for retirement? What if I improve the property using my own money i.e. not out of the SMSF, where would the profits go when sold?

    Thanks.

  • acurabot replied to the topic How to invest with investors? in the forum Help Needed! 11 years, 6 months ago

    Thanks RPI

  • acurabot replied to the topic How to invest with investors? in the forum Help Needed! 11 years, 6 months ago

    Do you guys have an estimate on how much town planning and surveying will cost per project?

    Donnie

  • acurabot replied to the topic How to invest with investors? in the forum RPI wrote: 11 years, 6 months ago

    Thanks guys, would I need to setup the trust before going in for a contract? Or can  I do this at a later date after I have signed the contract under my name?

    And how would this protect me if the deal turned sour financially? Could I liquidate the trust and be protected from banks etc in the sense that I did not put up the finance?

    RPI…[Read more]

  • acurabot replied to the topic Interest only or princpal and interest? in the forum Finance 11 years, 6 months ago

    Hi guys,

    Could someone please clarify for a beginner like myself whether you are able to restructure your P+I loan to IO? And also, what happens when you've paid of the interest and  your offset account balances out your loan eg. you have 300k in an offset account for a house with an initial 300k loan?

    Cheers,
    Donnie

  • acurabot replied to the topic Tax help with boarders in the forum Thanks Terry 11 years, 8 months ago

    Thanks Terry

acurabot

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