thanks Terry, its my girlfriends mums house.

She can deal with CGT at Tax time (i believe this is correct?) I budgeted her net profit already so CGT wont be a surprise.

sell price is 660k – so I will advise her to budget on 2% + 2k for lawyers and 750 for discharge etc – all budgetary of course.

thanks guys.a couple of answers…1. she has good credit history with bankwest (customer since birth). and ANZ for 5 years +. She's also got a good credit history and the broker thinks she will be fine.2. she's working out if she can handle variable. i think if there is upside for her, she can do it. but agree its a personal decision.3. Michael,…[Read more]

thanks richard, great advice.

hi L.A. AussieI agree with your points. Thanks for your feedback. I have only been in VIC for 7 weeks and wanted to know what the market dictates, and more importantly, what investors like you are doingCheers,

hello,

yes, a Cleardocs Discretionary Trusts , preferably a hybrid trust

hello,

yes, $150 per week is the minimum, realistically im looking for $170-180 out of the box, and then hopefully more after paint or other options etc etc.

Im defn looking for as high as possible land content.

To clarify, i am looking for a IP as a traditional buy and hold to rent out

hi guys,

i think you are right, i was just looking for clarfication.

If i purchase the property in my girlfriends name and then the mortage in both our names, i will be able to -ve or +ve gear my half of the mortgage when applicable though???

there shopping centre is going under a major renovation, adding new shop spaces. the development company has a open public shop on scarborough beach road displaying the plans, i have had a look, the plans are very nice, and the shopping space appears not to be packed in like morley galleria.

hello,

just rang dtf and they confirmed if buying in a trust then wont loose FHOG.

thanks,

hi terry,

you think we can use the FHOG later? whom should i ask this question to to clarify in the government?

i just found this page

http://www.qld.realnet.com.au/

is this the main page for QLD? or do people use others too?

thanks

hi terry,

thanks, so if the seller agrees to rip up the old contract and then we write a new one, after finance is approved and it has gone to the dept of state revenue, this is ok? Then do i need to tell the dept of revenue of this?

hey everyone,

i have my finance approved. so the sold sticker has gone up!

i would like to thank stuart and josie @ prosolution, and tracey @ loancom for there advice, even when they all knew i wasnt going to use their services to secure a loan, they still took the time out to give me expert advice.

thanks to all of you.

Andrew

sorry, i should be a bit clearer, we only have 5% deposit, we may be able to stretch a little more but thats it!

any groups in perth solely interested in +ve geared property aquisition?

please advise.

thanks

thanks guys! i suppose it does depend on the location. i have factored a high end alarm and security lighting into the purchase price of the property. i will check with the neighbours also. its a nice park, grass swings, and a small river running thorugh it.

anyone else have any thoughts???

sorry! i mean high growth !

hi sebastian,

that sounds like a great idea, you can count me in!

does anyone know of any +ve cash flow residential properties in perth?