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Viewing 10 posts - 1 through 10 (of 10 total)
  • Profile photo of BasslaBassla
    Participant
    @bassla
    Join Date: 2003
    Post Count: 13
    February 19, 2004 - 2:26 am

    Can anyone recommend this book or any other for a beginner trying to understand how trusts work and how to make them work for you…?

    Profile photo of BasslaBassla
    Participant
    @bassla
    Join Date: 2003
    Post Count: 13
    January 15, 2004 - 8:17 am

    Hi Guys,
    ” Not sure about Q but in NSW you have to stay in the place for 6 months to keep the FHOG”
    Actually in NSW, you only need to live in the place for a minimum of 3 Months. That is what the OSR use as there minimum criteria when doing their checks. I got that in writing from them when i was checking for my property…

    Profile photo of BasslaBassla
    Participant
    @bassla
    Join Date: 2003
    Post Count: 13
    January 10, 2004 - 12:59 am

    I’ll be in! What are the details?

    Profile photo of BasslaBassla
    Participant
    @bassla
    Join Date: 2003
    Post Count: 13
    December 28, 2003 - 5:21 pm

    G’day,
    I’ve got one in the outer-west of Sydney and it’s definately not positively geared! I reckon you’d be hard pressed to buy a positively geared property in NSW period!I have been lucky in finding a good tenant who always pays one month in advance!
    Cheers

    Profile photo of BasslaBassla
    Participant
    @bassla
    Join Date: 2003
    Post Count: 13
    December 28, 2003 - 4:47 pm

    Thanks Mel! You’ve helped heaps again!
    Cheers

    Profile photo of BasslaBassla
    Participant
    @bassla
    Join Date: 2003
    Post Count: 13
    December 28, 2003 - 7:11 am

    Thanks Mel,
    But doesn’t that go against the idea of positive cashflow property? I believe that there will be capital gain, but noone can be certain. It is a unit and there are alot being built around the area but it’s in Parramatta (Syd)and there is alot of new commercial development going on so…?

    Profile photo of BasslaBassla
    Participant
    @bassla
    Join Date: 2003
    Post Count: 13
    December 28, 2003 - 12:42 am

    Hello All,

    My question is the opposite, ” Need info, to sell or not to sell?

    I have an IP which has had very good capital appreciation but the word is that it will appreciate further because the council is redeveloping the CBD of the area. The only problem is that it is very heavily negatively geared – to the tune of an extra $500 coming out of my pocket every month, INTEREST ONLY!

    Should i sell and take my profit after i’ve held it for one year (i lived in it when i first bought it) or should i keep it for the long haul for more appreciation.

    I know you probably can’t give me actual advice, but your opinions would be very much appreciated.
    Cheers.

    Profile photo of BasslaBassla
    Participant
    @bassla
    Join Date: 2003
    Post Count: 13
    December 24, 2003 - 10:41 am

    Hey Guys,
    If you give a low ball offer (but are willing to pay more) and the offer is refused – or worse still the vendor is offended – can you and what are the ways you can come back with another offer?

    Profile photo of BasslaBassla
    Participant
    @bassla
    Join Date: 2003
    Post Count: 13
    December 23, 2003 - 4:23 am

    Thanks for all your replies [:)]
    I’m going to get a building inspection done, which includes a video tour – hopefully that will make things clearer. YOur advice has been really helpful.
    Bassla,

    You haven;t provided much info, so I’m just guessing here, but:

    * ask the RE to send you photos (scanned) and perhaps you can ask them to do a “virtual online tour” of the place- dunno if they’ll go for the latter, but you can ask.
    * check out everything you can on the net about the town- google.com is your friend :)
    * ring up RE agents in the area and ask them about the locatoin and the particular property- if it’s in a small town, you can bet they know everything about it.

    All of the above will only take you a couple of days. Given that sales are slower these days, most RE’s will wait, especially if they think you are sincere.

    Make sure you get a building and pest inspection! Then you can find out if the place is a total dive or a tenantable dive.

    kay henry
    [/quote]

    Profile photo of BasslaBassla
    Participant
    @bassla
    Join Date: 2003
    Post Count: 13
    December 18, 2003 - 2:27 am

    Hello Redwing,
    If after you buy a property you intend to renovate then sell, would it be worth doing a dep. schedule before renovations, and one after? Or would it not be worth doing one at all?
    Bassla.

Viewing 10 posts - 1 through 10 (of 10 total)