Forum Replies Created
Hi Chan,
Mission accomplished, I smiled [
][][]Sue
“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Simon,
A TDS I pressume is a Tax Depreciation Schedule. This is done by a quantity surveyor, who makes a report on claimable depreciation for your taxation purposes. It is most helpful if your unit is built post 1985.
Now the S15-15 tax variation….hmm I’ll assume this means the form you can fill out to have your weekly tax reduced (from your pay) I think you need to estimate what your yearly income is going to be.
You can pay less tax if you are making a loss on your investment.
You should speak to your accountant about this one.
You can probably tell I’m no expert, but I thought I might try to answer you question anyway! []
Hope I helped a little,
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Guys,
I think being an investor “scares” some people. My and my hubby’s immediate family are what you could call non-believers. I don’t have my property investing books on display, some of the titles even make me cringe, years of negative programming I guess.
I am in the process of changing my own mindset to believe that I can achieve, I can be successful and it’s ok to WANT to be financially well off.
We bought a neg geared IP a few years ago (since sold for a nice CG) and when our parents heard about the purchase, they totally stressed out, you’d think we’d told them we had a terminal illness….
Just some thoughts,
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
hi Leigh,
I see you’re back to your cheeky self![!]
Turned out I didn’t have to answer, my computer decided to reboot itself. Can’t see any evidence of a virus.
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
Jarmbie,
Let me start by saying I have only ever bought three houses, so not so experienced.
You have not “done the wrong thing”, in my opinion, as you have not signed anything yet.
Your solicitor has me a little worried though. You put clauses in a contract so that you have the option to opt out. If you sign a contract that has a clause in it saying “subject to satisfactory building inspection” and you are not “satisfied” with the building inspection, you should have the right not to proceed.
Maybe the key point here is that you have not signed the contract and the building and pest inspection will have been carried out before you do. This might be what your solicitor is concerned about.Sue[
]“Be careful not to step on the flowers when you’re reaching for the stars”
Well done Simon [^]
An excellent explanation, you obviously do your best work in the morning…Sue [
]“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Jarmbie,
I’m a little confused about your post. You say the offer has been accepted, but you haven’t signed a contract yet. Usually once an offer has been accepted, you sign a contract but subject to building/pest inspection, finance, etc.
As you haven’t signed anything, be firm with your new offer and state clearly your reasons for the drop in price. Tell the RE that the building isn’t up to scratch and that there are several things that need to be done to make the place suitable for your purpose
Perhaps you could put it in writing to show that you are serious.
Cheers,
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
Just as I was reading Mel’s post, a windows box popped up asking if I want “outlook to stop junk emails”
What a coincidence!
I”ve never has this asked before, and after mel’s post I don’t know what to answer![}]
Any suggestions?
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Bear,
I think all policies differ, as most insurances do, in what is included and not included. Go over your policy carefully.
My last property had building insurance and landlord insurance (For malicious damage and loss of rent for a few weeks)
It may pay to contact a good insurance broker.
I take it this is in Tassie and there is no property manager? (They usually arrange the insurance for you)
Cheers,
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
Thanks Simon,
I thought it was simple, you must have posted while I was still typing !(very slowly [])
Sue“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Bear,
Perhaps you could get your solicitor to draw up a lease agreement. Or maybe find an agent that offers property management and get them to do it.
I don’t know where the prop is but a lease agreement is usually a set form isn’t it? This really shouldn’t take long to organise.
Cheers,
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Happydragon,
Don’t give in so easily. Like Sooshie said, you have a lot of room for negotiation.
There is a person on this forum who advocates finding a problem and solving it, I think you found a problem!
What is the area like? Was this place in amongst other rundown props or was the area decent?
Might be worth a professional opinion on the price of fixing the place.
Find out the vacancy rate of the area. It moght be that this place was a dump causing the 50% occupancy rate. If it was more appealing, tennants would probably stay longer.
Basically, do more research on the area before you give up on these units, step back and take a look at the big picture.
Cheers,
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
How cold and cruel you guys are!
These people need help, and you make jokes
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Beerboy,
How insulting[8]
It’s good to see your attitude is still positive though.
You obviously have your thoughts together and are ready to make some positive moves, keep going you’ll get there.
Keep shopping,
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Guys,
Look, it’s early in the morning for me, so I may be a bit more critical than usual. However, peoples don’t forget your due diligence before you commit to anything.
During your pre-purchase research don’t forget to consider worst case scenarios as well as best case.
Before I take out any loan I like to work out repayments at 10%, if I’m not comfortable with this amount, then it’s no good for me.
(My first HL was at 13%, I thought that was good, as was coming down from 17)
Basically cover all your bases, review your financial situation and make changes NOW
Cheers,
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Risky,
Must admit I haven’t seen a post by Dave either. I think this website is more Steve’s domain.
Or…..Dave could be a little like Robert K’s rich dad……..Perhaps he doesn’t exist![:0]
(That’s my conspriracy theory [])
Cheers,
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Guys,
I like to read as much about real estate as I can also.
The key point when reading any article, on any subject, is to check the author before you start.
Once I know who the author is, then I read the article with the full knowledge of the “angle” the author is coming from.
Also, as I am reading I try to sort the facts from the opinions. I find this helps me to get a more objective view.
Cheers,
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
Nice one pisces [
]
You’ve got my interest, I think I’ve looked at this post up to ten times! []Sue
“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Darren,
My understanding is a capital gain profit cannot be deferred, or “rolled over”, and is payable in the year of sale.
However, I believe a capital gain loss is transferable to future capital gains profits.
That’s my take on it, probably best to get pro advice.
Cheers,
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
Good try SIS,
Not sure about the peanut butter though []
How about,
Intelligent blond
Happy marriage
(lol…I can say that, i’m blonde and married [])Sue [:o)]
“Be careful not to step on the flowers when you’re reaching for the stars”
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