Hi batesy

Last sentence I meant ” for you” soryy

Celeste

Hi batesy

I see you are WA, My hubby has an airconditioning firm. He will give you no nonsense advice, on the best way to go and where to get it.

He does mainly commercial. He doesn’t do much install work for residential, so no conflict on the advice.

So email me a plan with measurements and I will run it past him got you.

Celeste

Hi Frank

Bullcreek in Perth

Celeste

Hi All

I agree with Terryw, re – contract and a caveat.

Caveats are easy to have put in place, they are listed on the title to show you have a financial interest in the property and prevents the property being sold with out the caveats owner’s permission.

You can have them lodged on anybodies property, I know about one being placed on a house…[Read more]

Hi Gio

How do you avoid CGT selling to an investor?

Celeste

Hi all

sorry about the spelling ,the naught mummy is not proof reading again – & not using spell check

Celeste

Hi Mark

Thought I might be, Hubbies 25 & 27 year lolds are battleing through the same thing. CRAA rating

Now they have finally grown up, their financial pasts are back to bite them.

Not alot you can do, trust me, I have sourced out all my contacts and legal friends for the 25yr old, in the end we had to go guarantor for a 5k loan so she could…[Read more]

Hi Yidn

I have to wonder ( note this is my new catch phase, besides “show me the money) Do you run a business sourcing business ideas for people and charging them for this service?

Could be you already have an excellent cash flow business!

Getting the ideas from all different forums for free then selling them on.

Hmm just wondering![biggrin]

Celeste

Hi colin

Further to the discussion, I find that most of the time, once a lender has a clear picture of how the default came about and that it was settled they are happy.

The last one I fixed came about over a disputed bill for works done or not done on a forklift, I the bookkeeper refused to pay the bill as I disputed that the work they said…[Read more]

Hi Zaman

I pretty sure you can list it as education on your return, I have, lodged my return, the accountant did not say no, they all went thru.

time the purchase and the seminars closely to your property purchase. I did have the expenses around the same time of my 1st property purchase. Therefore the connection is there.

though always check…[Read more]

Hi mkc

I have been wondering what would happen if you got early access to do reno’s and something went wrong. As all the books I read say to do that.

I do get in early to measure and size things up and make plans, go shopping, but not to do any work.

I my self never thought that was a good idea – to scary for me.

I would at the least wait for…[Read more]

Hi all

Last week I was at the book shop looking for a read, I spotted steves book re MAP thought I better read it and see what his views are, as I am hanging out on his site.

2/3 thru very interesting. I feel renewed as his ideas / strategies match mine. Except he has more ideas etc as he has been in the game longer than my 6 months! excellent.

Celeste

Hi all

I have done debt collecting and other related stuff for a solicitor.
You can not have it removed, but you can have a letter, note etc attached to the default on your CRAA explaining the circumstances.

Also, get an offical letter from the firm involved stating that the debt has been paid and any other circumstances that caused the…[Read more]

Hi all

It seems “chpropdev” has the same set up as me. You can do both under this set up. I do the buy, reno, sell (income) and I have one rented out for the 12 + months(investment).

My hold was a long settlement and the tenant still had 2 mths on their lease so I left them in there, when they move, I have my hubbies oldest step daughter moving…[Read more]

Hi Redwing

With you Buy, Sell, Reno, CGT costs would you not be better off accessing the equity to refinace rather than selling..you then still get the CG benefits?

My formular / plan is a little complicated. My basic plan is to take 220000k LOC and turn it over as many times a possible in 1 year, building capital as I go.

I pay my self a wage…[Read more]

Hi all

I read / watched ? can not remember an article recently on storage. I am pretty sure it was on telly.

Seems to be an excellent business as demand is increasing, though specialised units are the way to go – business doc’s storage / wines storage (needs climate control )/ house hold items etc. Hubby looked into them for boat storage, no…[Read more]

Hi zopm

All I know is that they have different building requirements. They can be problem matic to subdivide / develop.

If you are in Perth check out the R-Codes – email me and I will email you a copy. If you are in another state search for “building codes (state)”

Celeste

Hi Lifeexperience

Thanks for replying -Yes, I am hiring a licensed electrician, wouldn’t dream of doing it my self. I do these renos on my own, if anything happened, I would not be found until there’s no tea on the table. (especially in summer as hubby has an sctioning firm.

funny though I had been eagerly awaiting your response, when Hubby had…[Read more]

Hi all

At present I am primarily into +cash flow – buy , reno, sell. Though I am holding one for just over 12 months to lessen tax and I have one in Mandurah long term.

I like my returns realised – In the Bank!

Celeste

Hey Wylie

For example, he argued until he was blue in the face one night that if you insure your $200K house for $100K and it burns down, the insurance company will pay out the full $100K.

That concept of insurance must be an oldies thing [ohno] as my father in law thinks the same way. I also tried to get him to understand thats not how it…[Read more]