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  • Profile photo of golfergolfer
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    @golfer
    Join Date: 2002
    Post Count: 27
    April 15, 2003 - 6:56 am

    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 scheme on the end sale.

    Golfer

    Profile photo of golfergolfer
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    @golfer
    Join Date: 2002
    Post Count: 27
    April 15, 2003 - 6:45 am

    Chris
    Hate to tell you but only Albany Creek is Brisbane and even that comes under the Pine Shire. All the other suburbs are on the Sunshine Coast except for Russell Island and well that’s in Moreton Bay. They are going to build a bridge across from the mainland one day but do not buy on the basis that happens in your lifetime.

    Cheers
    Golfer

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    @golfer
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    Post Count: 27
    December 17, 2002 - 11:17 pm

    Hi Rachel

    You can find out more info on the Qld site of the Office of State Revenue which is http://www.osr.qld.gov.au or Telephone # 1300 300 118.
    You dont need to be registered but bear in mind that payment of the FHOG is only made after 12 months payments have been made i.e in the 13th month. If you need any more information please email me at [email protected]

    Regards
    Richard

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    December 14, 2002 - 4:31 am

    Bruce

    If you want a bit of impartial advice feel free to email me at [email protected]. As independant finance brokers would be happy to give you a bit of a precise of several lenders which would meet your requirements.

    Regards
    Richard

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    @golfer
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    Post Count: 27
    December 14, 2002 - 4:28 am

    Hi insider

    I assume you mean mortgage broker rather mortgage manager as there is a slight difference. Tony’s figure of writing $10million a month is not far from accurate but you can always become a member of an association who deals direct with the Bank and receive a percentage of commission. Bear in mind each state has different legislative requirements for finance broking. If you need any further info email me at [email protected] and i would be happy to point you in the right direction.

    Regards
    Richard

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    @golfer
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    December 14, 2002 - 4:21 am

    Hi insider

    You certainly don’t need to refinance to get equity out of your property but you lender may charge you a valuation / application fee. I would suggest that you consider a Professional Package whereby renogotiation of your current loan is free. If you need any more information email me at [email protected] and i would be happy to give you further information.

    Regards

    Richard

    Profile photo of golfergolfer
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    @golfer
    Join Date: 2002
    Post Count: 27
    December 14, 2002 - 4:17 am

    Hi Paul

    With regards to your Anz Bank loan. You should ask them for the Premier Select Package. It has a slightly cheaper annual fee than any of the other majors and for total loans over $250,000 you receive a 0.6% off the SVR for the life of the loan. If you need any other information feel free to email me at [email protected]

    Regards
    Richard

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