Forum Replies Created
- Qlds007 wrote:
Cat
Just be careful about transferring the property from your name to her name especially if you do it at less than market value.
The OSR audit property sales to ensure they are not to related parties and if they are at a lower than market price she will not qualify for the FHOG.
Johann – Which State are you in. If you are buying an IP as a long term asset i cant believe any Financial Planner would recommend you buy it in a Company name. In saying that maybe they would……
Hi Guys thanks for your Input: QLD007 i am based in Melbourne, it really has not effected me that much becasue i cant cliam that much any way. My rent covers more then my home loan repayments but i am just thinking when its the right time to sell i do not want to pay so much capital gains under a company!!
Jpcashflow | JP Financial Group
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Hmm that is an intresting point!!!
but in this current econmy wouldnt you rather have no debt etc?
Jpcashflow | JP Financial Group
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Scott No Mates wrote:Westfield but they don't sell anything. Grollo's, Lend Lease, Mirvac, Central Equity (if they are still around).Which market sector are you talking about?
More new estates where they have sales reps in esates like caroline springs,tarniet etc
Jpcashflow | JP Financial Group
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Scott No Mates wrote:As you already have a background in sales & marketing, do the introductory real estate sales course (to enable you to work in the industry as a sales person). Speak to a few agents (both principals and sales people) – do it on a quiet day in their offices ie not Frid/Sat at an open house.There are numerous openings due to the variety of property ie residential, commercial, retail & sales vs leasing. With a sales/marketing background you may be able to make a move into one of the major shopping centre owners as a leasing exec (great money but will burn you out after a few years).
Hi Thanks for the Tip!!!
Your right i have been told becasue i allready work in this feild i allready get some good exposure, The only different thing is the product or service you are selling and off course if i do the real estate course it will give me a good insight. Over the last few weeks i have been spending alot of time with a mate who owns a real estate agency, but i think its good to get advice or people you dont know.
thanks for the advice oh quick question how well do the people who work at major shopping centers owners earn!!! lol
Jpcashflow | JP Financial Group
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I have been advised that the reservice has shifted it up by .25%
GO KEVIN RUDD LOLI agree the banks are a business and will raise it more then what the reserve bank has
Jpcashflow | JP Financial Group
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Is it true if your property is set up as a company and you decide to sell the property and make a profit what % amount will you have to pay for CGT.
Also if you wanted to transfer your company to some ones name you will have to pay stamp duty on the house again is this also true?
Jpcashflow | JP Financial Group
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Email Me | Phone MeYour first port of call in finance :)
Johann
Jpcashflow | JP Financial Group
http://www.jpfinancialgroup.com.au
Email Me | Phone MeYour first port of call in finance :)
What ever you decide to do im sure their would be a positive out come.
I agree with you in a sense if u are looking near Dynon rd you really cant go wrong i guess its only 5 mins away from the city and its about 10 mins away from major shopping centers.Congrats on the property in Seddon nice area that will continue to grow i think.
im looking for a second property at the moment have a look at areas such as deer park or sunshine
Jpcashflow | JP Financial Group
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Hi Kris,
Ive been looking to purhcase a second IP as well. Are you talking about the apartments on Ballart rd in footscray?
If so be very cautious becasue in areas like footscray flemington and highpoint etc there are heaps of apartments being developed. Im just wondering would there be a demand to meet the supply?Its like the docklands area so many apartments that have been developed but so many reamain empty.
Jpcashflow | JP Financial Group
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Hi Bronte,
Please contact me on 0404241188 or 9272-9201,
I will be able to povide you details of a good accountant thay may not require you to travel he is also located in a rural part
of Victoria.I will provide his details over the phone
best regards
Johann Psaila
Jpcashflow | JP Financial Group
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Hi,
Thanks for the link i will have a think about this
cheers
duckster wrote:You could go to property investor meetings or get a video of these meetings in Vic.
see belowtroynbec run them I have been to a couple of them
MEETING DETAILS
6.30 onwards for 7.00pm – 10.00pm (please make sure you are seated by 7.00pm sharp)
Tuesday 12th of June
New Hope Baptist Church Community Events Room (opposite end of building to last month)
Cnr Middleborough & Springfield Rds, Nth Blackburn
$10 cover charge for hall hire
Please bring a pen, paper, a drink if required & plenty of questions
Directions:location plan & how to get there map
FUTURE MEETINGS
Keep your diaries free for the next meetings & great lead presenters
Tuesday 12th June – Andrew Boer, Moore’s Legal
Monday 9th July
Monday 13th August
Monday 10th September
Monday 8th October
Monday 12th November
Monday 10th DecemberAfter June it will be the second Monday of each Month
Jpcashflow | JP Financial Group
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Hi thanks for your comment
have you got the link? i cant find the link to binding ruling 69725?so in your opinion say if i were to purhcase a block of land for 150k or a house for 250K should i borrow the whole amount?
got any areas in melbourne to look at while queensland would be so bad either i guess.Jpcashflow | JP Financial Group
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Thanks for your advice & encouragement much appreciated.
i can give u a quick outline.I currently live with my parents they have been really good to me as they dont charge me rent or anythnig like that as long as my money is put in to good use they have no problem.
Over the course of the weekend i will do some calcuations on if i were to purhcase a second property what will my outlays be like u said insurance, repairs and even my own bill registration and etc.
If u where in the same sisutation as me what area would u look at?
i also have an idea maybe to buy a block of land and build a house later on.Jpcashflow | JP Financial Group
http://www.jpfinancialgroup.com.au
Email Me | Phone MeYour first port of call in finance :)
Hi
I acutally am doing some research in melbourne on land
are you able to assist for melbourne areas?
cheers
Jpcashflow | JP Financial Group
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Hi Hucth,
Thanks for yoyur prompt repsonse i will most likly consider that path in the future at the moment the house is being rented out and im getting a good return on it. When the house gets a bit more older i will demolish the house and build.
It seems like every one is suggesting a IP rather then a block or land
very intresting to see what other people saythanks mate
Jpcashflow | JP Financial Group
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Email Me | Phone MeYour first port of call in finance :)
La Aussie, How are you?The only debt I have is my house loan and that’s it. I might put 8k on my loan and keep the rest for future investment my loan only lets me put an extra 10 k a year on top of my normal repayments.
In terms off future investments im not sure which direction to move too??????
Jpcashflow | JP Financial Group
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<a href="/user/handy-andy" title="cssbody=[bo_user_body1] cssheader=[bo_user_hdr1] header=[<div class="boxoveru_header">Handy Andy</div>] body=[<div class="boxoveru_body"><a href="/user/handy-andy">View Public Profile</a><a href="/search?edituid=51114">View all posts by this user</a><“>Handy Andy Thanks for your reply I will keep it in mind
Jpcashflow | JP Financial Group
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Hi Mortgage hunter, Thanks for your reply, well im only 23 so im in a prime position. As for IP goals I am aiming to have three investments under my belt before im 30. 1 property to eventually live in (I currently live with parents), one to rent out and to reduce my tax and one more to also rent out and once it has enough capital behind it use that money to invest in other venture.
Jpcashflow | JP Financial Group
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Hi Bennido,
Thanks for your input. The only issue i have in mind is that most houses look a like which makes it even more competitive to sell in a later stage. Areas like caroline springs atm have alot of supply in terms of houses and the demand for these areas have been a bit quiet.
What area are you leaving in atm if you dont mind me asking?
cheers and thanks for the advice
Jpcashflow | JP Financial Group
http://www.jpfinancialgroup.com.au
Email Me | Phone MeYour first port of call in finance :)
Hi Guys,
Thanks for all yuor advice been great help
cheers
JohannJpcashflow | JP Financial Group
http://www.jpfinancialgroup.com.au
Email Me | Phone MeYour first port of call in finance :)
