there are lots of areas in se qld which are suitable for investing. Dont restrict yourself to one particular suburb or area as you may “sell yourself short” QLD reginal areas are also starting to really kick along. Depends on how much money you wish to spend and your longer term outlook. There are still properties to be had from $50000 in some…[Read more]

for my 2 cents worth some of these programs do help out genuine battlers, but the majority of stories are “poor me” and its everyones fault but mine. Granted there are scam merchants out there and you have to be wary, but these scammers arent that smart. So the old adage applies, if it looks to good to be true then it probably is. Risk & return,…[Read more]

Michael

What may seem like a simple questions is fairly complex. Your trust can make a loss, income less than expenses but this loss is carried forward into following year. Have to watch trust loss rules. Complex area. Tax Office dont like the idea of putting your ppor into trust. You would have to pay rent to trust on commercial terms for the…[Read more]

busterk

For CGT the 12 months is based on contract dates, not settlement dates unless there are some overiding contract conditions. And the ATO consider 12 mths to be 12 mths and 1 day. Go figure but people have been caught.

Steve
[email protected]

hgwells

I would be very careful about this type of structure. There are some accountants who do not understand the requirements. Based on your question there are several red flag issues. This type of structure if set up now has to be wound down by 2009. Although thats 6 years away you dont wont to be forced to have to sell property at the wrong…[Read more]

Hi kattan

Welcome to the forum. I am sure you will find lots of useful information and helpful forumites.

I am sure most people on the forum will agree the best way not to max out you loan is to invest in cashflow positive properties. There are several ways this can be done from vendor finance, lease options etc. Take the time to go back over…[Read more]

Hi Judith

Most of the properties I have purchased I only put down $1000 but I guess it depends on how willing your Vendor is to accept that. Also i guess it depends on the cost of the property. In Qld 10% of the purchase price is a darn sight less than it would be in say Sydney or Melbourne. As they guys say estalish your line of credit and that…[Read more]

Hi Chris

Why sure the property is only half the equasion. Surely the purchaser and his ability to make repayments are just as important. Let’s face it, as you are never likely to live in the property (and as long as its a saleable or rentable asset if all else fails)and are probably just looking for positive cash flow the suitability of your…[Read more]

Dear Mike

Rather than put all your eggs in one basked why dont you consider wrapping cheaper properties which will give you a higher return over the long term. Whilst im not a representative for the Qld Tourist Board the State has many areas which are lower priced. You could use a Lodoc loan to obtain finance to fund the first few purchases and…[Read more]

Dear Amit

Rather than Joint Venture a wrap with someone In NSW have you considered Qld. In many od the Regional Towns prices start at as little as $60,000 giving a good annualised return. If you need more information please email me at [email protected]

Hi Shelly

Have bought about 6 properties in Toowoomba and surrounding areas. Have you considered wrapping it instead of just purchasing an IP?
Happy to give you some ideas. [email protected]

Hi PJ

Im in Brisbane and would be happy to give you any advise. Feel free to email me with any questions [email protected]

Richard

Hi Blue

The equity raised from your LOC can be used as the deposit for as many properties as you like subject only to their price and your ability to service the total indebtedness.

Usually you would look to put down 20% of the purchase price as deposit plus purchase costs and therefore depending on the area you are looking at investing in maybe…[Read more]

Hi Guys

This is my first post. This topic gave me motivation.Investors certainly add to pricing pressure but it is only a small part of the puzzle!. If there were no tax incentives for IPs then landlords would ask for higher rents or not invest at all. This would mean either a shortage in properties available for rent or very high rents, which in…[Read more]

Hi there

I guess it all depends in which State you are in.
In Qld if you purchase shares in a Company that is consider Land Rich the Stamp Duty payable is calclated at the value of the Companies Assets i.e $1 million.

Hi there
If its any help by train the Wellington Point railway station is 30.5 kms from Roma St CBD.
Birkdale itself is around 25 Km’s from Brisbane City and around 4 kms from Manly.

Hi Matt

Might like to try either St George Bank or Rams.
We do a lot finance in Brisbane for small apartments. Hope this helps.

golfer

Depending on your LVR a lot of the lenders we deal with still offer honeymoon type products so the 1st year has a reduced interest rate around 5.25%. If you need any more information please feel free to email me at [email protected]

Regards
Golfer

Essykay

If you are wrapping the properties you may find that it is illegal to x collaterialise them depending on State leglistaion. In Qld it is a breach of the Property Act to redraw or use 1 security as security for another loan.
Same old story to be on the safe side check with your Solicitor.

Dear ALWALW

No you havent missed anything.
We do it for a living in SE Qld and probably do 100-150 units a year normally buying the property then Strata Titling them, renovating each unit internally and externally and selling them off individually.
You are unable to claim the imputation credits however are not liable for GST under the margin…[Read more]