gibbo1 wrote:
Even though you only require 1x $1 share, in case you wish to sell a portion of your company in the future you may be better having something like 100x $1 shares.  Saves filling in and paying for ASIC forms to modify the number of shares down the track.  Having 100 shares gives greater flexibility if you did want to sell anything o…[Read more]

Thanks guys for the info, I'll be getting my solicitor to set it up but am still going to have a crack at the forms myself and run it by him when i go and see him in the next few weeks. I won't submit any forms but for interest sake will try and structure it myself before i get it done properly. This was what i had in mind… Set up company with…[Read more]

I'd definately go with a broker. I'm stuck with a crap Wizard loan that i don't even have the option to swicth to IO now that i have rented the property out. I'm looking at another IP at the moment and am tied up with a really inflexible loan product. I can recomend a really good mortgage broker in sydney (nth shore). He knows his stuff and has…[Read more]

Thanks raddles, The trust will be entirely for buying some investment property's. The company won't be trading at all and i don't see the risk of being sued as high. Is there somewhere that i can get advice on the best way to put it together? This is my plan…Get asic form 201 and complete it with myself as director and sole shareholder with $1…[Read more]

expenses on IP like management, interest, etc are deductable too  as a loss.

Richard, Somehow i knew you'd be the man for the job. Options…?Mum has 40k remaining on a 260k ppor and low income.My sister and I both have investment properties but we want to utilise her available equity to improve her position for retirement. We will be using the equity in mums place as a deposit on property soon. Investment strategy will be…[Read more]

Have a look at some space saving options that appear on some reno sites. They have some really good designs for intergrated bathroom/laundry, cupboards and all sorts of stuff. Hidden washer/dryers can be accomadated through a well designed bathroom.I've seen some really cool bathrooms with hidden laundry facilities. I hate shared laundries in units!

you've got one mate scotty. thanks

Thanks mick, big help. This option of strata titling a block has just been raised yesterday and we're doing all the sums on some accurate figures that will be compiled during our DD. I just thought (rightly so) that someone on the forum could give me a heads up and pass on some of their experiences. Thanks for sharing yours. Good luck with it.How…[Read more]

Thanks Jon, These units are brick. I've encountered the older style you identified and the cost of fire rating the building was going to be too big. I was advised that the beams and structure of the building had to be re-done to isolate each unit. I'm after a rough estimate of costs that i can expect for 6 x 2 bedroom units with 10 garages and 3…[Read more]