Total Members: 159,383

ausi ski bum

  • ausi ski bum replied to the topic Multi Property Limited Recourse Loan in the forum Finance 11 years, 7 months ago

    I live near Wagga Wagga does anyone know a Broker I can talk to in this area. 

  • ausi ski bum replied to the topic Multi Property Limited Recourse Loan in the forum Finance 11 years, 7 months ago

    I might not have used the exact terminology but I set up the means to do this with my Lawyer a while back so I know I have the right structure in place, I got a really good guide from Kris Kitto that was very helpful in doing this.  Best $50 I ever spent. 

  • ausi ski bum replied to the topic Multi Property Limited Recourse Loan in the forum Finance 11 years, 7 months ago

    Thanks would be interested to know institutions loaning less than 200,000 was thinking of extending the redraw on my own home then lending to my fund company via a leagal mortgage but if single property is the barrier better leave this alone for a few years. 

  • ausi ski bum replied to the topic Stamp duty question in the forum Another Stamp Duty Question, 13 years, 2 months ago

    Another Stamp Duty Question, in 2004 I bought three seperate properties (flats) in the same building in Victoria and the State Revenue calculated the purchase as a single transaction more than doubling the stamp duty even though they were three seperate flats and contracts of sale.Today I am looking at two units in a set of six in NSW each a…[Read more]

  • ausi ski bum replied to the topic Undeducted Contributions in the forum Legal & Accounting 18 years, 1 month ago

    Looks like I opened a can of worms here, sounds like there may be issues with the joint ownership.

    My wife and I own 58% of the property and the Super fund 42% and there are no borrowings against the property.

    As the property has super fund involvement we can not borrow against it hence the option of making it 100% super fund owned through an…[Read more]

  • ausi ski bum replied to the topic Tell Me About Trust Accounts in the forum Legal & Accounting 18 years, 1 month ago

    What body would control such accounts in Victoria and where could I get a copy of the legislation and consequences for breaches

    ASB Alpine

  • ausi ski bum replied to the topic SMSF Business Real Property in the forum Legal & Accounting 18 years, 11 months ago

    Just a quick question???????????
    “Alpine property has very different rules to other investments”

    No I meant Alpine Properties are different in the way you market them , rent them ect as you earn your income over a very short period of time. They are also on leased land not frehold so there are a lot of checks you need to do such as term left on…[Read more]

  • ausi ski bum replied to the topic SMSF Business Real Property in the forum Legal & Accounting 18 years, 11 months ago

    Originally posted by Property WA:
    Hi ausi ski bum,

    Just wondering how much of a % your IP takes up as a proportion of your SMSF investment portfolio?

    Do you find that all outgoings (maintenance, management fees ect) and income received must be paid for and received on the same 60/40 split?

    Have heard of several people wanting to move into this…[Read more]

  • ausi ski bum replied to the topic Niseko Japan Property Question in the forum General Property 19 years, 8 months ago

    Thanks everyone and BTW the property I have in Falls Creek has preformed very well, I however do run a huge skiing web site so marketing them is easy for me hence my involvement.

    A lot harder for other people though.

    Might just stick to what I know

    ASB Alpine

ausi ski bum

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