Forum Replies Created
Hi Younginvestor,
Cats are quite harmless, I would agree to the tenant having a cat, and I wouldn't bother about extra rent or bond etc, you will find if you allow her a cat she will probably stay long term.
one thing I would check is to see if the body corp allows a cat, as you wouldn't want to say yes then the body corp say get rid of the cat, then your tenant will probably move with the catBanker wrote:Mortgage Innovators are self employed CBA bank managers. Paid like brokers but run their own branch or office – Good to know one when you want a deal turned round in 3 days.any on the gold coast?
Banker wrote:Are you able to expand on the type of property ?Yes, bank should love the property but the valuer I think will struggle to find another property similer, but I have spent plenty of hours finding similer properties and have documented all of this, so hopefully the valuer goes with what I have got.
Banker wrote:Re savy investors – A lot of declines with the majors at the moment come down to presentation / lack of supporting comments. If you can identify the potential reasons that you might get declined and cover off these risks in your comments (mitigate the risks in advance) – you will get a fast answer (and better chance of approval). Helps if you understand or have access to policy. If I was raising finance I'd look for a BOQ owner operator, ANZ Franchise or CBA Mortgage Innovator-Thanks guys.
I have a unique property that will require the correct person to understand the building and its value, so i was hoping to ingage 2 or 3 valuers to see who gives the best value then present this to the bank,
My other option is to let the bank send there valuer over and then i make there job alot easier and give them recent sales of similer property's and atleast they have something that they can work and put hopefully the correct value on the property
very good, I just checked there site out and they seem alright, how much do you pay for this insurance if you dont mind me asking
Read Michael Yardney books, I find him to be very good and you will find some usefull tips
dannyde, how come they didn't pay the full $20,000 of damages and rent?
Does anyone else have good storyies about insurance companies paying out
anyone?
Anyone else?
how about renovating a single commercial building
So say you want to replace the jib board in the house and there is $20,000 of work and you get a contractor in to do this, then wil j.w need a builder/project manager to look after this as well?
Just because someone paid half price 2 years ago it doesn't mean its not worth double now, I bought a property for $100k over what the previous owner paid a year earlier and know one would touch it as everyone thought it was to dear and people said i paid to much but now i have done something to this property and the property is now valued $250k over what I paid and I have future plans for this property which will send the value threw the roof, acheived this in 8 months with hardly any effort put in
cool thanks for that, when i bought the property the guy was not paying gst and this was noted in the contract that there was no gst to be paid, all good ive up the rent anyway
the add looks alrite, but maybe a little cluttered and the pics look good but it looks like most the rooms are small, get the agent to do some trick photo's and make the rooms look bigger at least this will get more of these 1000 viewers walking threw the door,
take out the wording no pets, people can take this as no pets means no smokers which means no drinkers which means there not going to accept us so no point in looking.
drop the rent to $360 for 6 months then put it back up, you will only be down $520 approx 10 days vacant
put your own add in the paper and show people threw your self, the agent can still be along side you if you need them to beThanks Jason, I just sent you an email
Thanks for the info guys,
I have googled everywhere and can't find much.
Also can anyone send me a purchase contract 30c form or is there anywhere I can get one on the net?
I am trying to put a deal together tonight
stately wrote:Hi Rebecca, I thought that if you sell property with in 12 months you are up for the full Capital Gains Tax but if you sell it after 12 months you are up for HALF the Capital Gains Tax. Thats my understanding. Cheersyes thats correct
but if you live in the house for more than 12 months then you pay no tax but if you rent the house and sell it after 12 months then you pay half
Very good.
I forgot to take into account that they have owned it for many years so yea the 12 plus months will not work but pay an accountant a hundred bucks and see what he can do, actually pay 3 accountants and ask the same thing, you will find you may get different answers and you may find away that suits you.
ryan mclean wrote:No I don't believe that is accurate at all. When you buy a property, you are only free from paying the capital gains tax for the period it is your primary place of residence. Don't take this as 'law' but I am pretty sure that if you build and live in it for two years you won't pay capital gains tax for the 2 years you lived in it…but you will pay capital gains tax on the rest. A better way to access your money could be through an equity loan. You don't pay capital gains tax on equity loans, it is effectively tax free money until you sell the property. But you can then use that money to go and buy other investment properties. What I would do if I was in your shoes (and you can bet there are hundreds of people on this forum wishing they were in your shoes) is I would keep the block of land. With growth that good why sell it? Then bit by bit get equity loans to purchase positive cashflow properties. The positive cashflow properties can help to supplement your income and make your financially free. The land acts as a means to buy those properties. You can easily easily easily become financially free if you have over $1 million in equity!!!! I run a service that find positive cash flow properties for people. You should check it out (the link is in my signature) Ryan McLean http://CashFlowInvestor.com.au Positive Cash Flow Properties Are Just A Click AwayIf we pay more land tax then it will efect us investors will it not?
Unless we pass it on to the tenant which then efects the business
maybe we will have to charge a lower rent for the building but charge huge managing fees or something, mmmmm
I did here something about this, I think it sox. I also heard something about improved value instead of unimproved but didn't pick up on the first half of the conversation so not to sure what this means yet.
I think land tax needs to be wiped altogether or at least lowered down A LOT
Gov is just getting to greedy
