Thanks for the response guysThanks for that terry, just checking it out nowBen

Ok cool, thanks Scott for clarifying that for me,Getting to grips with the stamp duty, CGT and FHOG thing. slowly but surely!!thanks againBen

I would like to add to this question;If i was to purchase a property (first one) in QLD but live in a different state, could i declare that home as my ppor if i am renting elsewhere and clain FHOG and have the 6 yr no CGT rule applied ?Appreciate any assistanceBen

My mums partner was a developer for about 7 years from the mid 90's.He was in the top 5 small business borrowers from ANZ in NZ for a period of time. i have picked his brains on many occasions and he said to me regarding developments/subdivisions: If it costs a mill to buy, spend a mill to develop, make a mill in the sale. he was a simple bloke lo…[Read more]

justine08 wrote:
Has anyone done much with Vendor finance deals? Not sure how this would be possible

Vendor finance – when the seller leaves enough in the deal as a deposit. you will need to be able to service the loan though and have a lawyer do up the agreement –  There are alot of forum regulars who will be able to give you an in depth…[Read more]

Justine08, id like to add something,If you are in a position to do so, and are hungry enough, the absolute best solution is to do what EVER it takes to come up with a deposit or some money toward your investment. There are numerous threads on the forum with tips to save, or increase your income. I am a firm believer and know from experience that…[Read more]

Qlds007 wrote:
An example was a client today who was told by his CBA branch manager that he had a 100% offset account and that he should deposit all of his income into this account and then redraw it when necessary. Unfortunately it turns out that after making $96,000 deposit into the account over the last few years he has decided to withdrawn…[Read more]

hearing things like "ÿour accountant is wrong" when it comes to property like i see on so many occasions when reading up at this forum, i hope makes people take good care in finding an accountant that is like minded and well versed in dealing with property portfolios, i know its made me realise how important it is Thank you for posting guys

thanks alot maree, hear from you soon

Hi Maree, if you would please, my email is ben.kelleher@talice.com.au or kelleherbk@gmail.com which is preferred thank you

I have found the Excell spreadsheet thread in the finance section – just need to figure out how to work it now…now, ben… this is where all that time sitting in front of excell doing rosters for your staff comes in, just… harder ! If anyone has alternatives that they use please shareCheers

Hi Duckster, thank you for that, i do know what a LOC is actually i just hadnt heard that term before (always learning the lingo on here!) i did have a question relating to the LOC however,is it considered personal credit ie: non deductible if i was to draw down on it even for a motgage deposit or reno/repairs? ben

i liked the "initiative taken for the concern" part..

i was going to pm you to say thank you but since i cant, Thank you for the explanation on LOC and quazi offset accounts mateBen

Ben – 23 yrsCurrently in the NT, here 6 months ago from NZ, initially went to the gold coast to play league but have discovered the proverbial gold mine that is central australia so will be here for 3 years with my partner before going back to QLDhave been interested in real estate since 18 yrs, bought and sold a couple of homes with a friend…[Read more]

Investment pupil, thank you bud, very valid point by the way thanks for the responseBen

Hi Dara, just read and learn! if you see a topic that relates to your current situation or that you are interested in, hit "subscribe post" at the bottom left of the authors post, and you will be kept in the loop! if you have a question, create a thread in the relevant section of the forums and people will give you feedback and advice.Enjoy!Ben

this is going to sound stupid, but would you please tell me what LOC is?

Thank you for that Richard, keeps everything fair i guess doesnt it Ben

Investment pupil, Thank you for your response, i will be sure to make any offset accounts in the near future 100 % as opposed to "quazi" – is this the default offset account set up by banks unless you request otherwise? do they do this for their own benefit ie; minimising the principle you pay down on your loan?look forward to learning moreBen