Must be a bit of money in the scheme. We were offered an 8% marketing fee to sell some.

For a number of reasons we elected not to get involved.

JDKirkman wrote:
my boyfriend thinks the idea of selling my car to buy a house is stupid but since I don't know what is in my best interest .

Buying an asset is often in your best interests.

With all due respect to your boyfriend – sometimes those closest to you are not the best source of advice.

When doing all of your planning do not…[Read more]

You got a loan on the car?

If you do then it would be in your interest to get rid of the loan asap. Your transport needs (not wants) will determine whether or not you should attack the loan as quickly as possible or sell the car.

If you paid cash then this indicates you have good money management strategies to save a good sum of money at a…[Read more]

Is Joe buying Lostos' property?

I don't see a major problem with selling the lot and setting yourself up with a new PPOR – should mean your debt level would be lower.

There are occasions when people upgrade their own home and therefore increase their share of non-deductible debt. This continues to act as a handbrake on forward investment momentum.

Key issue for me is if you…[Read more]

Online is better – ad is viewable for a longer period of time. Place an ad in the newspaper and it disappears when the paper hits the bin. Online is there for as long as you need – albeit the ad drops down the pages over time.

Notwithstanding which medium you choose to use – make sure you heed Kristin's comments. If you contract an agent to find…[Read more]

Hi LT,

I use Shreeve and Carslake in Herdsman Business Park. They suit my needs and do have a tax planning & financial planing component to their business.

$400 might be a bit light on depending upon the ins and outs of your situation.

As an aside not sure about Melbourne as your next investment location. Stuff I read suggest the unit market in…[Read more]

Normally there is no CGT payable on your own home. The ATO comment in your original post highlights that CGT will be payable if you rented out part of your home.

Based on the information you have originally provided this does not seem to apply in your situation as you have only discussed capital profits and there is no mention of rooms or part of…[Read more]

Looks good – will now see if I can find a thread or two to respond to so I can test functionality.

Would like the screen to fit my PC screen a little better. Locking the left hand side to left hand side of monitor will give more room for content.

warek wrote:
Current thinking is as follows,  if we buy as joint tenants, better when one of us dies. Income from lease property – all expenses including construction cost write down and depreciation of plant etc woudl be a profit per year of 500-1500 dollars, shared between both at 50-50 split,  we may make a profit of 250-750 a year, ex…[Read more]

warek wrote:
Buying our first investment property, need help to set up in most tax effective way. Need a large loan and advice about best way to structure property.

Not an accountant or broker so take what I suggest with a grain of salt.

warek wrote:
My initial thought was that she should become the sole owner but now I am thinking we should…[Read more]

Sounds like you may need a new solicitor – this one seems out of their depth.

I recommend you speak with a broker. Not only will they save you a lot of legwork they can also 'assess' your situation to see whether or not borrowings are possible and, if borrowings are possible, can get your structure right moving forward.

Kambalda is too small and dependent on too few minerals for mine. You also need to find out how your lender appraises Kambalda – see if mortgage insurance is available on a property in Kambalda. Even though you may not be looking at a +80% loan this will give you a good indication of bank perception. Know of someone who bought into Kambalda and…[Read more]

Hi Becshan,Sounds like the poor auction result gives you a good 'market indicator' – use this as your offer price starting point and justification for any negotiations moving forward.Make sure you organise your conditions thoughtfully and keep their timelines short. As per RP's comments 48 hours for acceptance would be suitable.  Nothing ventured…[Read more]

Buyer has probably been to one of those courses which tell participants to get long settlement and early access so they can make some money. Try to keep a clear head about this whole matter – and get your solicitor working for you.I would start by writing down all the questions you now have, including worse case scenarios, that this situation has…[Read more]

LeonR wrote:
Unless you mean you never buy an apartment at full price, compared to developing/buying apartments at cost price?

This – must also state when I see the descriptor 'apartment' I automatically think small high rise. So bit of that thought process in my initial response too. Hope that clarifies things.

Hi AVS,$400K will be limiting, as far as houses go, within reasonable distance to Perth CBD. If houses are really your preference then I would explore suburbs along the railway lines. Dovetail this with major shopping centres, and employment nodes and you'll be pretty safe. Plenty of one bedroom units under $400K but I assume, by your comments,…[Read more]

With all due respects there is so much missing/wrong in this post it defies some basic investment logic and experience.

jmsrachel wrote:
That's a real shame. You are one of a few people that can actually explain a concept without causing a headache. Looks like i will need to look up to Boris for answers.

Hi Rachel,Don't forget the big picture on your journey.Do you think Terry's advice is 'worth' more than a Melb – Syd airfare. I know people who fly across the…[Read more]