Hi Richard
TErryW from this site has been setting up my structures but can’t do this apparently and like you, he recommended Darryl. After some initial contact and numerous follow-up emails etc etc I can’t get a definite answer or quote out of him to what is needed and costs involved and its been weeks and weeks and weeks hence why I’ve posted on…[Read more]

Hi Ben
Yeah sort of, I just use 5% as a general rule when it comes to costs, so approx $20K as a rough rule, so really only a small profit, yes some CGT as I belive its classed as a IP rather than IP, not 100% sure of the rules there as its been 10 years since I lived in it.1. It is cotsing me a samm amount to hold2. I visit home regualry and…[Read more]

HI Guys, yes all valid points and I have questioned it seriously myself keeping or selling it. The main reason……it was PPOR on the Central Coast of NSW before moving to Victoria and have had it as a so-called security blanket as after 10 years we are seriously considering moving back to NSW and either moving into it or selling it for a bigger…[Read more]

I agree with IP Now, they provide some good info but I think with altering motives to sell the propertties they have on there books, I think they just do it better than others by offering mentoring and other information services.

Should I consider this new product if Im suing a MISA account currently?
Cheers
DM

I did my research for doing one on the Central Coast NSW, everything including approvals and fences for a really decent spec'd 60sqm granny flat was going to cost a tad over $100K. Imspect quite a few and were quite impressive and now getting $330p/w which is more than my double story brick townhouse around teh conrner.
I was sort of talked out by…[Read more]

Nice Cameron, how and wat program did you design this in?
Cheers
DM

Many thanks for this, but unfortunately he has taken on extra work over the w.e and cant come which is a bummer for him.
As he hadnt heard from me for a week he decided to take the cash so he can save save save for his IP.
Appreciate yoru response
Cheers
DM 

Im hering conflicting stories in Gladstone Josh, i was up there 12 months agao and was aware there was going to be a oversupply of land etc in that coming 12 months, Other people are telling me to get in ASAP as its just going to keep going especially with all of the proposed projects which means proeprty is going to keep going up.
Interested in…[Read more]

Thanks guys, I should have mentioned it is NSW. Bankwest his current provider said he will have to, but his accountant wasnt so sure and suggested he seek more advice through a solictor, but I thought i would also ask on here as I value alot of expert opinion that resides on here.
Cheers
DM

I have studied their developments as well and think mostly they are a good idea. Very disappointed to hear though the delays already which impacts profit.
My lender was worried how I could get finance and considering the many other investors involved and how that could all work with approvals.
Id love to hear more about your journey Crido and the…[Read more]

Many thanks for that sounds like a decent opp, just shame the auction is this week as I havent done enough due diligence to make a 100% decision.
DO u  know if there any 1 into 2 very close to that location so I could check out some examples. Be interesting whether u culd do a 3 bedder or not.
Do u have an opinion for high/best use?
Really…[Read more]

Good question Ryan. & one probably I can't answer exactly. The events I have done with Troy have been great, & at times wondered too if I was up to speed enough. But after doing them & taking notes I felt they have been beneficial every time so never a waste of time or money. I'm now doing my 1st development with a aid of a mentor & still think it…[Read more]

Is anyone interested in this idea?

Ok I'm starting to understand. In lieu of what I want to do. Wat do u suggest I do??

Thanks guys and Yes Shanin that is exactly right. Terry I didnt think that would matter where the money was coming from? Im just trying to do the best tax effective thing with that money. Can you pls explain. P.S Ill have that money to you next week.