Originally posted by Cata:

Does that mean that as a trustee I can divert the income to a non unit holder?

The trust deeds that I use, Yes if the trustee wants to. You will have to check the deed of the trust you purchase as some differ.

would I still be allowed to claim the interest back on my tax return (as a unit holder?)

This comes back to…[Read more]

Amen!!
And thanks to Marisa’s due dill and alerting forumites to this area and the subdivision, a few of us have managed to get on board and should do well with our investment.

kp
(I wonder if maybe the garage’s tanks leaked and contaminated the sandy soil under the subdivision….lol)

Look like long lost twins….
Was someone adopted out at birth ??

Thats what it is !!!
Some get it ( are switched on) and most don’t.

I have found that after networking with like minded investors and forumites…dealing with an agent is like….<fill in your own blanks>
Most don’t have a clue and are not interested in learning either.( or I must be attracting the wrong agents)

What you said Sonja, about them…[Read more]

Gosh thats interesting about the contamination…..

Anyone known the area going back many years?
Ausprop, your parents had a hosue there??

Was there any industry that has since been closed down?
What could the possible contamination be: asbestos? chemical? PCBs’? byproduct from tannery works ( Robb’s Jetty area)?

The whole area used to be…[Read more]

Would have to disagree with that Kerr,

It may have been tha case in the past, but we have been investing in a Pilbara town ( it has to be either Pt Hedland or Karratha right?)and,
I am finding the big 4 banks (plus Bankwest) and even second tier lenders are happy to lend to 80% lvr all day and all night.
In fact it is possible to go to 90% or 95%…[Read more]

Gross,
Can you do me a favour and give me an opinion on the post below ??

https://www.propertyinvesting.com/forum/topic/20218.html

Thanks
kp

Yer you’re right…
This is getting out of hand
I’m not saying no more till Gross gets back and spills his beans…
kp

* Whos’ on first base ?? *

Can’t help but ask the obvious question….

What happened to the value of the property ??

Its only worth $60k but it owes you considerably more??

WHY ??
What happened…

kp

Probably they’re not…..

Too many ‘vested interests’ will get hurt, including themselves most likely.

Same deal with the famiy trusts.
Same threat every year, but no changes forcoming.

kp

This whole area is fraught with danger and confusion.

I spent a couple of months with a RE agency just concentrating on commercial & industrial property sales/leasing.
The whole gst arena, causes lots of confusion with agents as well as buyers and owners.

There are so many scenarios depending on whether the buyer or seller are or are not…[Read more]

Those areas appear to be in the goldfields of WA.

There is a good reason why they are +ve cashflow.
Its called risk…
I was recently told that there are 20 pages of properties for sale in Kalgoorlie on realestate.com( the biggest regional centre from which Kambalda and Boulder are satellite centres)
I haven’t botherd to look to confirm if it is…[Read more]

Geeze Bill…..
I wish !!!

Have one agent who is attempting to build a clientbase and circulates a list of ‘deals’ every week or so, but none of them stack up !

Now I’m getting jaded, expecting to get a list of deals that don’t stack up, and he is getting jaded knowing I won’t commit to anthing he is offering.

kp

Thought it was time to *bump* this…

Any local experts ( Marisa ??? Ausprop ???, etc) know if the next release in Singleton went ahead yet, and if so what price did the latest blocks come on at ?

Anyone willing to speculate what the existing blocks might be worth now, compared to their release price ?

Seems like it has been marketed for quite…[Read more]

Yes, in hindsight you are right.

I recall the first couple I did in the early 90’s the return was in the 10’s of thousands of dollars.
I hadn’t even figured out how to work it out as a percentage return on investment.
In fact I didn’t have much of a clue….it was just a matter of ‘get on with it’

I took the same attitude that as long as I…[Read more]

Where is ‘the Gross’ ??

Maybe Steve found him and cut off his fingers, so he can’t type any more ( or any less)

Bradshaw, are we going to start disecting the various packages now ???

Whos’ going first ???

kp

Jacob,
That didn’t make much sense either……

Originally posted by misty:

Get surveying done, blocks pegged and land drawn up, submit to council

Costs
Purchase 284000
Buy costs 17000
Subdivision 22000
demolish 10000
Build 3 x 140sqm house 420000
landscape, drive, fence etc 30000
footings 10000
rates etc on holding for year 4000
interest on holding 50000
TOTAL 847000
Expected sale price…[Read more]

I think you scared them off with your ‘mentoring’ posts…..
lol
kp

Easy peasy Dr X
Just ignore it…
Or call gross and talk to him direct.
Your curiosity will then be satisfied.

kp