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  • Profile photo of lykemikelykemike
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    @lykemike
    Join Date: 2011
    Post Count: 7
    November 9, 2011 - 2:13 pm

    Never thought about having an excel spread sheet to manage the finances. Can anyone PM me a sample? :)

    Profile photo of lykemikelykemike
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    @lykemike
    Join Date: 2011
    Post Count: 7
    November 7, 2011 - 7:00 am

    Thanks so much for everyones input. Will be passing on the helpful information to my friend.

    Profile photo of lykemikelykemike
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    @lykemike
    Join Date: 2011
    Post Count: 7
    November 6, 2011 - 11:51 am

    Michael, in relation to your comment about doing an independant valuation for stamp duty purposes, would that be required since it is exempt anyway as a first home buyer?

    Also, I believe the duplex was rented out for a year (in 2009?) since purchase back in 2003 (for 250k or so). Any idea how this would affect CGT?

    Profile photo of lykemikelykemike
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    @lykemike
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    November 6, 2011 - 7:11 am

    Thanks Richard for your reply. His father owns one of the duplex (the other attached property is owned by a young family not linked to them in any way)

    Can anyone confirm if CGT would have to be paid from the father being its a PPOR?

    From my understanding CGT would be waived as it is a PPOR of the dad’s. And since it is my friend’s first property and he meets the criteria, he should qualify for the FHOG and stamp duty exemption. Please correct me if i’m wrong here.

    Profile photo of lykemikelykemike
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    @lykemike
    Join Date: 2011
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    April 25, 2011 - 12:36 am

    Hi guys,

    I am also interested in buying a US property. After hearing about RickH's success, I am also thinking about going with HouseBuyersUSA. I am a little sceptic about all these agents but.

    After doing some reading on this forum, I heard some agents buy US property and sell them to their customers at a much higher price claiming that it has been renovated, and then slapping on $4-5k fees on top.

    Profile photo of lykemikelykemike
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    @lykemike
    Join Date: 2011
    Post Count: 7
    April 25, 2011 - 12:15 am

    Hi RickH

    Congratulations on your purchase!

Viewing 6 posts - 1 through 6 (of 6 total)