Forum Replies Created
Matt,
Don’t try it at home.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Originally posted by bigben:Hi Chan,
That is fine i am glad you are happy with the purchase. My spotters fee is going up shortly so that will hit a bit hard…..oh ..woops was i not supposed to let on that you paid me ???? oh well i have typed it now so i guess everybody will know….hehehe secret mens business![:p]ROFLMAO
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Franky,
The advantage and disadvantage of commercial property is listed in “How Investing in Commercial Property Really Works” by Martin Roth + Chris Lang. It is only $30 (priceless). There are so much info in there. Buy it, read it then you know what I meant.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Originally posted by MarkE:Hi,
I live in Sydney and I am just starting the IP road.
I live in Sydney as well so you are not different to other coz a lot of forumite here live in Sydney.It seems that QLD is the talk about finding positive geared properties but because I live in Sydney it makes it hard to get time off work to see properties. I know that I could hire an agent to help.
Well, as far as I know the best way to do this is do your own due diligence on a particular areas that you want to invest. Then take 3 days of work and flight there to inspect and purchase property. I did that before and I don’t have a problem with it at all.Or are there still positive geared IP’s in NSW?
I alway believe +ve cash flow property is every where that’s include NSW if you look hard enough.I would prefer to buy local or in my state, so that I can at least see the property before I buy.
Yes you can buy local, but the local area might have a lot of -ve gear. But you never know 1 in a life time opportunity of +ve cash flow property might be there for you if you keep an eyes on the market.Do many people here buy interstate? Any advice?
I did and as above.ie.
1.due diligence
2.finance ready
3.get all the listings as much as possible
4.book a plane ticket to go there
5.call agents to book for inspection date, time
6.negotiate
7.buy
8.in the contract, include fax, photocopy.. is valid
…– Mark
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Eventhough I can’t tell you who and where, but I can tell you that I do buy properties from spotter by way of paying the spotter’s fees.
The person that I am dealing with is very nice, geniune, he help me to the best of his ability. I could not ask for more.
Thanks…you know who you are.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]RugbyFan,
You are very smart I will take my hate for you.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]ROFLMAO
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]SOUTH AUSTRALIA – 2003
Threshold $50,000
Tax Rate $50,001 – $300,000 .35% of every dollar above $50,000
Tax Rate $300,000 – $1,000,000 $875 plus 1.65% of every dollar above $300,000
Tax Rate $1,000,001 and above $12,425 plus 3.7% of every dollar above $1,000,000===========================
New South Wales – 2003
(updated as on 1st January every year)
Threshold $260,999 no threshold for trustees, companies
Tax rate $100 plus 1.7% of every dollar above $260,999
===========================
Queensland – 2003/2004
(updated 30 June)
Threshold – person $275,997
Threshold – company/trustee $170,000Less than $4,000 0.20 cents in each $
$4,000 – $5,999 $8.00 plus 0.36% of every dollar above $4,000
$6,000 – $9,999 $15.20 plus 0.52% of every dollar above $6,000
$10,000 – $29,999 $36.00 plus 0.70% of every dollar above $10,000
$30,000 – $49,999 $176.00 plus 0.87% of every dollar above $30,000
$50,000 – $199,999 $350.00 plus 1.03% of every dollar above $50,000$200,000 – $349,999 $1,895.00 plus 1.20% of every dollar above $200,000
$350,000 – $499,999 $3,695.00 plus 1.37% of every dollar above $350,000
$500,000 – $649,999 $5,750.00 plus 1.54% of every dollar above $500,000
$650,000 – $799,999 $8,060.00 plus 1.71% of every dollar above $650,000
$800,000 – $949,999 $10,625.00 plus 1.89% of every dollar above $800,000
$950,000 – $1,099,999 $13,460.00 plus 2.01% of every dollar above $950,000
$1,100,000 – $1,249,999 $16,475.00 plus 2.23% of every dollar above $1,100,000
$1,250,000 – $1,299,999 $19,820.00 plus 2.44% of every dollar above $1,250,000
$1,300,000 – $1,349,999 $21,040.00 plus 2.66% of every dollar above $1,300,000
$1,350,000 – $1,399,999 $22,370.00 plus 2.87% of every dollar above $1,350,000
$1,400,000 – $1,449,999 $23,805.00 plus 3.09% of every dollar above $1,400,000
$1,450,000 – $1,499,999 $25,350.00 plus 3.3% of every dollar above $1,450,000
$1,500,000 or more 1.80% of every dollar above $1,500,000===========================
Victoria – 2003Threshold – anyone $149,999
Tax Rate $150,000 – $199,999 $150 plus .1% of every dollar above $150,000
Tax Rate $200,000 – $539,999 $150 plus .2% of every dollar above $200,000
Tax Rate $540,000 – $674,999 $880 plus .5% of every dollar above $540,000
Tax Rate $675,000 – $809,999 $1,555 plus 1% of every dollar above $675,000
Tax Rate $810,000 – $1,079,999 $2,905 plus 1.75% of every dollar above $810,000
Tax Rate $1,080,000 – $1,619,999 $7,630 plus 2.75% of every dollar above $1,080,000
Tax Rate $1,620,000 – $2,699,999 $22,480 plus 3% of every dollar above $1,620,000
Tax Rate $2,700,000 and over $54,880 plus 5% of every dollar above $2,700,000
===================================
Western Australia – 2003/2004
(updated 30 June)
Threshold $49,999
Tax Rate $50,000 – $190,000 $75 plus .15% of every dollar above $50,000
Tax Rate $190,000 – $550,000 $285 plus .45% of every dollar above $190,000
Tax Rate $550,000 – $2,000,000 $1,905 plus 1.76% of every dollar above $550,000
Tax Rate $2,000,000 – $5,000,000 $27,425 plus 2.3% of every dollar above $2,000,000MRIT 1.5% for every dollar
==============================
ACT – 2003/2004
(updated 30 June)
RESIDENTIAL
Threshold none
Tax Rate up to $100,000 1%
Tax Rate $100,001 – $200,000 1.25%
Tax Rate $200,001 and above 1.50%
COMMERCIAL
Threshold none
Tax Rate up to $100,000 1%
Tax Rate $100,001 – $200,000 1.40%
Tax Rate $200,001 and above 1.70%LAND RATES
Threshold $19,000
Tax Rate – Residential $320 plus 0.5103% of every dollar above $19,000
Tax Rate – Commercial $320 plus 1.2694% of every dollar above $19,000
Tax Rate – Rural 0.25515% of every dollar above $19,000
=====================================
TASMANIA – 2003
Threshold $14,999
Tax Rate $15,000 – $99,999.99 $25 plus .55% of every dollar above $15,000
Tax Rate $100,000 – $199,999.99 $492.50 plus 1.25% of every dollar above $100,000
Tax Rate $200,000 – $499,999.99 $1,742.50 plus 2.25% of every dollar above $200,000
Tax Rate $500,000 and above $8492.50 plus 2.5% of every dollar above $500,000
=====================================I hope this help.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Read property investment books as much as you can, attend free seminars as much as possible. Take 3 main points (strategy) that valuable and interest you and apply it. If you read say 30 property investment books and attended 7 seminars then you got 111 strategies to use in your investing journey.
Good luck
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Pisces,
If you want too, YES
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]I don’t know what to say! still thinking
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Originally posted by melbear:ROFLMAO[:p]
Cheers
MelI don’t know what you meant?
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Julian,
No I am a full time psychologist, if you need a consultation then you have to bookWarm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Happy Birthday!
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Originally posted by wilandel:Thanks for that info….
I have just “TURNED MYSELF ON” so to speak!
]Del
Sound a little bit worry there! so what are you going to do?
LOL
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Hi Kym,
Welcome back and please enjoy your stay this time.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Bear1964,
Where are you? Wake up man, it’s a sunny day!
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Thanks guys…
I alway like to congratulate myself…don’t ask me why?
If I tell then I have to kill you.
Melbear,
May be I just wanna be different.Rugbyfan,
May be Kay going to post soon from Austria.S.I.S,
Where are you man? Your hotmail box is full. You better check it. I try to send some info to you.
email me when you finish empty your email box.aussierogue,
I am trying…Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Originally posted by Rugbyfan:Yeah I know you do, that’s why I asked.
Rugbyfan,
How do you know?
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Originally posted by Terryw:Redwing
Good point. I have read that if you are planning on becoming bankrupt and transfer your assets knowing this, then the bankruptcy court can overturn these transactions as the purose was to defeat creditors. But I think if you are just purchasing assets on behalf of the trust, then they are generally out of reach.
Terryw
Discover Home Loans
North Sydney
[email protected]Good point Terry, I think most of us just want to protect our assets.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]
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