If you had the rights to buy the block in X number of years (and most importantly your brothers knew you were paying going market rates for it eg the money was helping your dad out when he retires/goes into aged health care etc) I’d be very surprised if you couldn’t find a bank to loan you 50% on construction of the house eg $175k cash and $…[Read more]

Hmmm I find that really really hard to believe you would empty all out each time. Does your agent take photos each year?

I’d keep on pursuing the civil suit.

in addition why not contact them about a property they have for sale….and see how they handle your enquiry eg responsive/professional/ask questions as if you were a buyer and see what your reaction is.

how long were the tenants there eg would the property managers have even done an inspection yet?

Why is it that you aren’t going after the tenants to sue them for damages?

how long were the tenants there eg would the property managers have even done an inspection yet?

why cant your dad sell you the block with a balloon payment eg you have the rights to buy the block anytime between now and 10 years from now until then you pay “peppercorn rent” but in 10 years from now you buy the block for $700k + the projected increase.

it sounds like the people you need to consult are your brothers eg to show that you are…[Read more]

It’s a great result but a large percentage of that is currency related. Unless you liquidate and get out of the fund when the $A is at its lowest (eg well before the fund is scheduled to close in another 6 years).

By my calculations the at the time was of fund setup in June 2012 the $A was around $1.03 now its around $0.70 so just over 30% of the…[Read more]

its a great result but what percentage of that is currency related? I could be wrong but I think its 30% at least?

you realize by selling with a 12 month settlement…….you probably just gave the buyer a 10%+ discount right?

and yes….its too late to do anything about this.

credit card the closing costs? especially if you will possibly have most of the costs by settlement time eg 6 weeks

The only question I have though is if you have this many issues coming up with closing costs + 20% deposit……maybe you aren’t quite ready to buy your own place?

BTW through another channel I’ve just been told that this is one of 4 “group sales” that is happening in this street, eg there was a 3 block area that has all been recently “high rise” approved.

Will be interesting to see if more opportunities like this can solve Sydney’s over crowding issue eg whereas there was 9 domiciles before….now to be…[Read more]

Link to roll-overs for people who want to read up, was interesting to see a crown lease and mining rights exchange…..would have been covered.
– https://www.ato.gov.au/General/capital-gains-tax/cgt-exemptions,-rollovers-and-concessions/rollovers/

can he build a house on it and then sell it tax free?

how big is the land btw? eg I read in one of the forum posts that anything over 100 acres different rules apply.

Why was it that Budget Direct denied your claim?

Was it they denied or there were “un recognized limits” that you didn’t understand when you took out the policy.

As per this post
https://www.propertyinvesting.com/topic/5006038-chu-landlords-insurance/

We have CHU insurance that we got via their broker Honan for $340each property. Was surpr…[Read more]

Holger, houses like this are generally less than 15k to get done professionally. Onc its done you don’t need to worry about every little picture hook, cable run drill whole etc you want to make for the rest of your life.

Sheetrocking after its gone is cheap, and you get to do upgrades at the same time eg insulation for temp and sound,…[Read more]

Rip and put in new sheetrock (at the same time taking advantage to put in insulation for sound and heat purposes).

Cheapest and best solution.

So basically if you can prove (via valuation) that the price you are selling it is TODAYS market value then you are ok…….but if you “INFLATE” the price above market value……you are providing illegal credit.

Having lived in the USA for a while now I don’t think Australians understand how screwed up the American financial system is and ‘should’ the world ever turn against the greenback and demand the risk premium for buying US Treasury bonds that they should be asking for…..that the USA would have massive issues in meeting its commitments.

My real co…[Read more]