Hi, Im back. Given that company directors are still liable and given that superfunds can be targeted if one is sued, then I guess these structures arent worth the money.With superfunds, my parents split, and mum got half of dad's super. So i really dont want a company or superfund.I think they do not provide any better protection than a sole…[Read more]

So, I am in SA. (1) Does this mean setting up a superfund and then transferring the assets to that? The thing is I owe about $280K and there is about $320K in free equity or capital there now. (2) For my business I intend to convert to a company trustee with a unit trust (for partners) , and (3) when i purchase future IPs I will set up a trust…[Read more]

KingB – In answer to your question, I am selling because I need more money for a cash deposit to purchase a decent sized house. I do need to check whether CGT is payable first though.Marg – Presently the lease is coming to completion (end of Oct07), the tenant wants to stay on, but I am just trying to figure out whether to sell or not, and how to…[Read more]

thanks mackar.please explain the where, what, how to recover in a new laminate?

That is interesting about the kitchen. I might investigate this at the hardware store and see if I come up with the same end result.The alternative option is to repaint the cupboards.Not sure about feature walls. The problem is that a feature wall for 1 potential buyer may be distusting for the next.

PS I agree with darker tiles for the kitchen floor, but what colour is a good modern colour which won’t go out of fashion?

Hi guys, thanks for all your posts.

J, my aim is to continue renting the place out. My tenant will be doing all the reno’s as he has done pubs professionally before. I will be paying for the materials. I am a little nervous about it all.

For the bathroom, by white fittings I meant the toilet, the hand basin. The floor tiles I have purchased a…[Read more]

thanks for your input!

I am trying to stay clear of “my” preference because its really a PI and I won’t be living there. I think my tenant’s suggestions are good.

Do you guys think the following is too colourful?

He has suggested teracota tiles for the kitchen, white tiles for the walls, haven’t decided on the benchtops etc yet.

and for the…[Read more]

Hi guys, I have 3 good positive cash flow rental properties all of which I am keeping and I am intending to build my portofolio simply because I believe an positively geared asset is worth hanging onto.

I don’t think I would sell these ever, and I am currently looking for bargains to swallow up to increase this property portfolio.

I consider…[Read more]

thanks guys – I’ve had a lot of unexpected interest already – I will PM some of you back

cheers
Alex

Hi a few people have asked to view the place – so I have posted a few pics up for you guys on

http://www.geocities.com/daaussie/sale

Alex

Hi in my opinion if your objective is to acquire properties to rent, then you shouldn’t sell because the townhouse expenses such as mortgage etc is tax deductible. What I would do is try to borrow the full 80% value of each of the properties by getting your banks to revalue. Then you get the extra money given to you and pay that into your house…[Read more]

Well everyone here seems to know what the future holds. I remember when buying my first property for $65,000 in Oct2001 how everyone 6 months later was saying the market would crash. I asked everyone, every age group from different business environments. Most of the older (50-60 year old working people) advised to sell out for around $80,000K and…[Read more]

I really feel sorry for those investors in the lurch, I can’t imagine buying properties at $100K and having my dreams destroyed like that….[glum2]

well I am considering it. I guess its just that I never take at face value what a real estate agent tells me. I want to check it out from the other end where the agent has no input, but I really don’t know what the other end(s) are if you know what i mean.

For example the other end could include finding someone who has purchased one of them and…[Read more]