Is it true that you can have property in a self managed super fund and if the property is sold after you reach a certain age, no CGT is paid?

Cathy,
Richard Taylor is a mortgage broker in Brisbane and regular contributor to this forum. With electronic communications these days location is not so important.

Thanks everyone, the current tennant moves out in less than 1 week and the contract only arrived at our Sols on Friday so by the time the vendor signs it the current tennant will out or on the way.

I think they are a ‘slick’ property marketing organisation the The Investors Club in Brisbane.

So what you are saying Michael is that you pay $200/week out of your wages into the property to cover the costs and then take $10k back out of the equity and pay 7%interest on it?

Has anybody suggested to Michael Yardney that $30k in equity won’t feed the children of feul the car! With a loss of $10k per IP, how many IP’s can you own before you have no income tax to -ve gear? A couple for most of us or 3 maybe 4.

Wash your mouth out Salacious, this is a real estate investing forum!

Thanks guys, we are thinking about a small gated development of about 10 lots of 2 bedroom villas with plenty of trees, a pool/spa, bbqs, shaded and grassed areas, perhaps a tennis court, Broadband and Pay TV ready and a secluded resort feel aimed at older working couples who do not need the pubs & nightclubs but rather a more relaxed…[Read more]

Don, Liz, AmandaBS,
It appears that email problems (possibly on both sides) have interrupted our email communications. All apears to be sorted now, sorry Don and Liz if you got a little worked up.

Gecko72,
I would still read Neil Jenmans book ‘Dont Sign Anything’ before you renegotiate with the agent. You will not think LA Aussie’s advice is hardball after you read the book. In fact if you read the book you will find yourself saying “he did that to me” and “so that’s what he is doing!”.
I witnessed a lot of the tactics RE agents use when my…[Read more]

I have sent several emails but to no avail. [confused2]

Are the mining companies looking to provide accommodation thus lowering the rent potential?

Marg,
I tend to agree. I havejust read ‘0 – 130’ and it seems that 10% or 20% deposit is required to make most IP’s CF+. Where does the average single income family with a mortgage, kids and a car loan find between $10k and $50k each time to buy an IP, let alone legals and stamp duty.[glum]

There doesn’t seem to be many truly CF+ IP’s on the site. Those that are there, are sold already. If you have to use some negative gearing then i don’t think they are really CF+. Your thoughts?

Thanks Amanda, I have her contact details.

Hello Bridgebuff,
With your comment about the mining industry, do you think towns that are heavily supported but not totally reliant on mining are are solid investment for that 10 or 20 years?

What if an investor never sells the property, it seems like a large risk for the second lender!

Hello Richard,
We are looking for finance also, we have signed up for out first IP and have had good discussions with 1 bank but there are better deals out there. How much can you negotiate with a bank (not one of the big 4) over rates etc?
You should have an email from me last night.

Kris

I too have had dealings with the Investors club and found that the properties they had recommended were very ordinary at best but priced very highly compared to other properties in the same location. My support member has told me on several occasions that ‘the club’ reject 99% of the properties that they are offered. [eh]