Jas_2 replied to the topic One or Two IPs at a time in the forum General Property 20 years, 7 months ago
Originally posted by Monopoly:
… but we decided to try and get 2 if possible, which now has become a reality, and there is a 2nd property we can purchase for 170,000 – HOWEVER [blink]as I (personally) have a $77,000 capital gains tax bill owing, would it be wise to buy #2 IP, or should I just pay the bill to the taxman…
Buy in Canberra.…[Read more]
Jas_2 replied to the topic CGT on PPOR built by owner in the forum No Subject 20 years, 10 months ago
one way is to buy a place with a house on it already. you move into it for now (your PPOR).
Then you subdivde the land and build a new place. at the same time, you renovate the current PPOR.
When everything is finsihed, you sell the PPOR and move into the place you’ve just built.
No CGT on either, no GST.
Jas
Why do companies offer you…[Read more]
Jas_2 replied to the topic Capital Gains Tax in the forum Legal & Accounting 20 years, 10 months ago
easiest way is to work out what you need for non-income purposes and get two loans (one fore around 13K, and the other for the rest). that way accounting at the end of hte year is simple.
Jas
Why do companies offer you “free gifts?” Since when has a gift NOT been free?
Jas_2 replied to the topic Would you have said anything? in the forum General Property 20 years, 10 months ago
caveat emptor. in bank loans too.
either he will educate himself, or he wouldn’t hear what you (a non-bank employee and therefore non-expert) had to say.
Jas
Why do companies offer you “free gifts?” Since when has a gift NOT been free?
Jas_2 replied to the topic What would you have done? in the forum No Subject 20 years, 10 months ago
He was the one who advised the vendor. he and the vendor where happy with the price you paid at the time. if they had been willing to do the reno, then they could have gotten the extra $$$.
They choose not to. You choose to.
Jas
Why do companies offer you “free gifts?” Since when has a gift NOT been free?
Jas_2 replied to the topic R U FOCUSED? in the forum General Property 20 years, 10 months ago
To put it simply, go with what works for you. some people are very big on precisely planning (with 14 page plans for this year, including graphs of where they were this time last year). Other are more ‘with the flow’.
if you are a loose person, a 14 page plan will be too restivte for your. if you are a born accountant, going with the flow will…[Read more]
Jas_2 replied to the topic Building duplex or townhouses in the forum No Subject 20 years, 10 months ago
building costs vary a lot between states and areas. Go to a local agent and ask him the names of a developer or even a building in the area. talk to them and get the local figures.
10mins worth of calls, and you’re done.
Jas
Jas_2 replied to the topic Super for deposits in the forum Finance 20 years, 10 months ago
Set up a unit trust. The super fund invests in the unit trust. The unit trust uses its funds for desposits/percentage of the property. You borrow the rest.
Super fund hasn’t invested in assets other than the unit trust. So, its all cool.
Jas
Jas_2 replied to the topic Defaulting Tenant in the forum Hotch Potch 21 years, 6 months ago
anything happened on this?
Jas