Forum Replies Created
- Fitzer wrote:Hi guys,
Can anybody reccommend a good accountant in Perth? What I'm looking for is someone who shares a passion for real estate and is a seasoned investor. I have been investing for a few years now but still need direction in the form of trusts etc. So far most of the companies I have contacted either have a very laid back approach or their staff have only been out of uni 3-4 years, not that there is anything wrong with that but I want an accountant that knows the "ins and outs"of property investing and even has a few of their own properties.
Regards,
Fitzer.
As Roch said Chan and Naylor contact Darryl Fisher – client manager.
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!!
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 structures for my needs (books, websites, dvds anything) i dont just want to go to an accountant and get told this is the one for you!! i want to read and understand them so i can make that choice myself.
thank you for you time
Chan & Naylor
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 would recommend purchasing an IP using equity from their PPOR as a deposit. Is there anybody who has done this before? Is it a good idea or a bad idea? Could anybody please let me know the pros and cons? I'm reading a lot of books that keep saying "get into the game" but how can you when it seems to be a struggle to save the funds for a deposit?
Any advice would be greatly appreciated.
Cheers
That's what equity is for to leverage into another property provided you have done your research. look for well located property.
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,, visit:
http://more.nsw.gov.au/articles/50-stamp-duty-cut-new-homes-kick-start-housingThankyou. sounds attractive
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.
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.
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 it for this amount, then you have zero equity.
Hegneys in perth do valuations which are good for 3 months.
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.
Luke get advice from Chan & naylor re their Property Investment Trust(PIT) specifically designerd for property investment and nothing else.
