Total Members: 159,225

Investors Zorba

  • Investors Zorba replied to the topic To Trust or not to Trust: that is the question. in the forum Legal & Accounting 15 years, 5 months ago

    Qlds007 wrote:
    VicThere is no CGT on the sale of a PPOR to a Trust however Stamp Duty is payable on the full Transfer value.

    Oh yeah we sold our PPOR into our PIT and the downside was the Stamp duty!!

  • Investors Zorba replied to the topic good places to look for trusts ect in the forum Legal & Accounting 15 years, 5 months ago

    failure is no option wrote:
    Hello to all,I have a small IP and am looking to buy more over the next few years, and i want to set up asset protection from gold diggers as well as start building a long term asset base for my future generations to lean on. Can any one point me in the right direction for a place to start reading about the right s…[Read more]

  • Investors Zorba replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! 15 years, 5 months ago

    gezzy wrote:
    Hello All,I am really eager to get into the investment property game and purchase an investment property while interest rates are still low, but saving up for a deposit seems to be taking forever (I know Steve McKnight recommends saving 20% as a deposit to avoid LMI etc) so I was just wondering if there was anybody out there who…[Read more]

  • Investors Zorba replied to the topic Stamp Duty in the forum Help Needed! 15 years, 5 months ago

    FinSpec wrote:
    People buying newly constructed property in NSW valued up to $600k will get a 50% stamp duty cut.The changes come into force from July 1, 2009 and will be reviewed December 31st.I'm not sure about other states, but I'll be looking into that in the morning.  For more information on the NSW cuts,, v…[Read more]

  • Investors Zorba replied to the topic Landlords Insurance – Any recommendations? in the forum Finance 15 years, 5 months ago

    duckster wrote:
    I am with CGU and I have claimed through them and it was ok but now they have an excess of $500 to pay on a claim. not sure if they cover flood damage.

    Aon who are agents for CGU are very good. hads cause to claim a couple of times for rent default, damage etc. came thru okay.

  • Investors Zorba replied to the topic property discuss group in melbourne in the forum Help Needed! 15 years, 5 months ago

    Are there any property discussion type groups in perth meeting on aregular basis. it would be great to mix and bounce ideas off like minded  people/investors.

  • Investors Zorba replied to the topic Equity Issues in the forum Help Needed! 15 years, 5 months ago

    Scott No Mates wrote:
    Equity = Property value – borrowingsProperty value is what the bank's valuer has assessed the property to be worth.What sort of valuation has a 'use by date'? Valuations are done on a specific day based on current market evidence, it is not valid for a period of time.Hence if you bought for $350+ sd and the bank has valued…[Read more]

  • Investors Zorba replied to the topic Perth Market in the forum propertunity wrote:I’d 15 years, 5 months ago

    propertunity wrote:
    I'd advise against any investing strategy – property or shares – based on 'hot-tips'.My hot tip:Mandurah – sea side location (water always good for CG)Perth-Mandurah Rail Link. $1.7b, completedDo your own research.

    I do. just asking for thoughts from other investors.

  • Investors Zorba replied to the topic Family Trust Confusion in the forum Legal & Accounting 15 years, 5 months ago

    Luke get advice from Chan & naylor re their Property Investment Trust(PIT) specifically designerd for property investment and nothing else.

Investors Zorba

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