Total Members: 159,074

hkr

  • hkr replied to the topic Rebuying Property in the forum Help Needed! 19 years, 2 months ago

    Thanks Pete,

    The intention is to use the cash freed up in rebuying to pay off the PPOR. But i really dont want to get rid off the IPs, so will like to rebuy them…
    I will really be paying stamp duty again but that will get offset by the negative gearing…

    Any good books which can give me more knowledge n trusts. I believe there is Trust Magic…[Read more]

  • hkr replied to the topic Rebuying Property in the forum Help Needed! 19 years, 2 months ago

    So is selling 50%of stake possible without my having to sell and rebuy the rest of the 50%…

    I thought the only way i have is to sell the whole thing and then buy jointly….

  • hkr replied to the topic Rebuying Property in the forum Help Needed! 19 years, 2 months ago

    Yes,
    I am fairly sure of deductibility of interest as i intend to construct fairly soon and have already started researching on it….

    Although i thought there should not be any issues in being able to sell to myself and my brother….as tenants in common…

    can anybody clarify…

  • hkr replied to the topic IP Interest in the forum Help Needed! 19 years, 3 months ago

    Just wondering that some other forumites with such vast experience and knowledge may also like to suggest on this…

  • hkr replied to the topic USA Flips in the forum Creative Investing 19 years, 3 months ago

    Westan,
    It will be great if you could share with us your experience…

    As GeoffBeck asked have you completed one full deal???

  • hkr replied to the topic IP Interest in the forum Help Needed! 19 years, 3 months ago

    Thanks for your quick reply TMA…

    Yes it was paid directly into the loan account but how do you define a formal agreement???

    I did pay interest to her and she has paid tax on that interest(showing it as interest earned). We have maintained proper entries of the same.

    Will thsi suffice?

  • hkr replied to the topic Units in US in the forum No Subject 19 years, 8 months ago

    Good Luck guys….u’ll need it!!!

  • hkr replied to the topic Offsets accounts in the forum Help Needed! 19 years, 8 months ago

    Hey following on from djones query i have the following problem with my IP loan account:

    I made 3 additional repays(big lump sum payments) temporarily into my IP Loan account. Basically my intention was to reduce my tax deductible loan temporarily as i didnt have any other loans at that moment. But within a month i bought a PPOR and have thus…[Read more]

hkr

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