Thankyou Richard, sounds very interesting. I did actually try to call you today but no answer. will try again tomorrow.

Thanks Hank, the Guarantee is a good idea, not sure if I can get them on board thou. I basically have the 10% but was just hoping the vendors could finance the other 10 to save me the 26k in lenders insurance.

Thanks Corey. What is non coded lenders, is this like low doc and are you meaning that interest rates would so high.

Richard is well worth a call

Thanks guys some great advice there, I have been thinking about looking at west end, Hyde park etc, closet to the CBD, and looking to buy a large block, split and perhaps build 2 units or something on the vacant block. It seems the council are looking favourable at increasing the density in close to the CBD. It does seem you can get a good block…[Read more]

Thanks everyone, a non deductible deposit is an option but still probably leaves me short. I will look at something more liquid to invest in until I can get the balance up.

Yes I think you are right. I dont want to just sit it in the bank thou, and a little unsure of where to put it, hoping someone had some great idea haha.

So BAsically stay away from the newer areas?

I would also be interested to know. I am currently looking there myself for my next purchase. Have you recently bought there?

What are the implications regarding CGT if we purchase a property as a PPOR and then were to subdivide it down the track

Thanks Terry, some things to consider. The business is under a company structure. How would renting a property compare? Say if us and the company were to go 50/50 in the rent for example?
Also how does CGT work if say for e.g. we owned the property for 10 years and say for the first 5 years we were collecting rent from the business?

If I was to buy a property in our name can the business pay for the shed and improvements etc?

I hadn’t thought of that, that is a good idea. Probably not right at the moment but maybe 12 or 18 months time.

The course is probably around 2 years old.
There is 3 big manuals in the course.
The first manual has in it , I buy property for what you pay for a cup of coffee, fast start guide, mind manual, your blueprint to investing success and a section on the science of getting rich.
The second manual all documents and contracts for different states
The…[Read more]

Anything but Rick Otton sorry lol.
Happy to work something out with you thou if you are interested. Its sitting here not doing anything.

I think it was orginaly about 4k with 12 months mentoring etc.
Make me an offer on it or if you have something you would like to swap I am open to offers. I have got from it what I wanted so not needed anymore.