Total Members: 159,212

Magellan

  • Magellan replied to the topic Latest from Michael Yardney… ?? in the forum Finance 18 years, 4 months ago

    “Probably” ????? Thought there was a money back thingie. Like I said options open–

  • Magellan replied to the topic Latest from Michael Yardney… ?? in the forum Finance 18 years, 4 months ago

    MMah so after making enough from property and shares to now ‘”iive on our equity” – all this achieved while NOT living in a ‘dog box’ in a bogan suburb (as per the Somersoft way )or buyin humpies to rent to permanently ‘restin’ folk (kinda like Steve used to do) and at the same time educating 4 children through from primary ages in the…[Read more]

  • Magellan replied to the topic Primary Residence and CGT in the forum Legal & Accounting 18 years, 6 months ago

    Yes , appears that you can escape CGT but what about land tax– here is ref. from O.S.R site
    http://www.osr.nsw.gov.au/portal/page?_pageid=33,284236&_dad=portal&_schema=OSRPTLT
    from this extract it appears that during your absence you can only charge a rent which would just be enough to cover the rates etc on your house. You are also ubable to…[Read more]

  • Magellan replied to the topic first time developers need help in the forum No Subject 18 years, 8 months ago

    Congrats– G.R that seems like a v good price for Marrickville especially in the quiet Sydney market at present–

  • Magellan replied to the topic Investing in new properties in the forum Heads Up! 18 years, 8 months ago

    What qualifications do you need before these gurus will speak to you? From the perspective of an old cynic I would venture to say all you would need to qualify would be $250 to put on the table– I have always been wary of anyone who says only they know the formula– You have a brain, you can read, you have all ready used it to voice your…[Read more]

  • Magellan replied to the topic Help with Bees in the forum Help Needed! 18 years, 8 months ago

    I once had a swarm of bees swarming onto a peach tree in my back garden– I consulted my yellow pages and contacted an apiarist who came in and cut off the branch where they swarmed and took them away at no cost to me– He was glad to have the bees. A full nest would prob.be more dificult. A relative had same prob and paid for removal.…[Read more]

  • Magellan replied to the topic Building a new property in the forum Help Needed! 18 years, 9 months ago

    V good point Derek- agreed- Also I really think you are being over optimistic,Hotty, in assuming your house will be finished when the builders say it will. Long experience has taught me that completion will be delayed– and despite whatever is in your contract you just have to hack it– So I would be delaying the trip until prop. is finished…[Read more]

  • Magellan replied to the topic Marketing prop for sale in Western NSW in the forum No Subject 18 years, 9 months ago

    Hi depreciator, If I may ask – How did you secure the Buyers’ Agent to what I will call, list, your property? Did you approach a number of Buyers’ Agents to see if they were interested in your property or did the B. A. approach you after seeing your ad in press or on Net or did your agent give it to the B. A. ? Thanks in advance. I, too am…[Read more]

  • Magellan replied to the topic Advice from New South Welshpeople in the forum Help Needed! 18 years, 9 months ago

    Spoodle– My understanding(not advice) is that in N.S.W. before a property can be offered for Sale there must be a Contract for Sale in place. Therefore the agent should have shown you a copy of the Contract so that you would have seen the Terms such as “deposit on exchange of contracts is 10% .” the usual amount is 10% but it could be any…[Read more]

  • Magellan replied to the topic furniture issues in the forum Help Needed! 18 years, 10 months ago

    Hi, maybe you can send a couch cover– by mail to the PM for them to fit over the couch if it is just shabby–would be a lot cheaper than entrusting a PM with buying new couch in kalgoolie– you can buy the sort of thing– sometimes called “couch pyjamas” in Target, K Mart etc- They fit over the couch, tuck in and usually have a tie to fold…[Read more]

  • Magellan replied to the topic HOWS YOUR YEAR GOING in the forum Help Needed! 18 years, 10 months ago

    Grs rea– Is that the one on New Canterbury road– ??MMah–never mind the White ants– you won’t hear ’em chompin for the roar of traffic– Tabloid tellie sometimes features this road as stampin ground for working girls of the night, from memory– S’pose you can get the grafitti artists who have decorated the front to come in to paint the…[Read more]

  • Magellan replied to the topic Are you PAW, a AAW or UAW ? in the forum General Property 18 years, 10 months ago

    blimey I’m so wealthy I can’t be doin’ me sums right– LOL– Ah I better get back to tradin me gold shares– -oh didn’t include today’s value in there- This must be some calculation to make every mug feel good–

  • Magellan replied to the topic Help Pls in the forum Help Needed! 18 years, 10 months ago

    Austin, If you make an error– you can’t sue yourself ! If you use a solicitor– you have recourse to going after them if they make an error– you could probably manage your own conveyancing for a straightforward purchase after you had bought/ sold some property through the professionals to get some experience of the steps required but…[Read more]

  • Magellan replied to the topic Goal – $100 a week in 1 year. in the forum General Property 18 years, 10 months ago

    ATM HSBC Bank is offering 5.6% Interest for a 3month Term Deposit. I would suggest some Share trading but it is very hard to call share trading passive income. I find I have to spend quite a bit of time, especially with the speccies. All the best.

  • Magellan replied to the topic Investing Married Couples – how do you do it? in the forum Help Needed! 18 years, 11 months ago

    Hi Michael, Whilst weddings are nice — Marriage is more important– spouse and I had no money when we married so did not spend anything on the wedding– still was beautiful. I cannot see the point of hiring limos and other luxuries if u are going to return from the honeymoon and live in debt, driving a bomb– Not that I am implying that…[Read more]

  • Magellan replied to the topic Advice needed in the forum Help Needed! 18 years, 11 months ago

    What Branch of the Fed Gov “activity” is carried out in the building? If its “clients” are Centre Link services( or whatever is the term for taxpayer funded ) recipients you would have trouble finding a tenant such as a swish Marketing, accountancy or whomever might be attracted to the swish standard of the building. Frankly,such a tenant…[Read more]

  • Magellan replied to the topic Damage in the contract period in the forum Help Needed! 18 years, 11 months ago

    Ibglen– The same principal applies– as soon as you sign a contract to Purchase- You then have “an insurable interest” so you should take out insurance on the unit UR buying Cheers.

  • Magellan replied to the topic sunset clause in the forum Value Adding 18 years, 11 months ago

    It is just a tactic in the buyer V seller game. It is designed to give you a hurry up to accept their offer. As a seller you can also use the same sort of tactic. If a prospect is fooling around and not signing a binding contract I have ,once or twice, instructed my solicitor to withdraw the Contract– i.e ask for the purchaser’s solicitor to…[Read more]

  • Magellan replied to the topic Martin Ayles in the forum Value Adding 18 years, 11 months ago

    I just listened to the Audio– I really cannot believe that Martin would not have been aware of the value of the demolition content in the property that he developed in Adelaide and if he was not aware of such an elementary factor in buiding/ developing he would not be someone to whom I would pay money for his seminar. I suspect he put…[Read more]

  • Magellan replied to the topic Double Your Money in the forum Opinionated! 18 years, 11 months ago

    Harry- PLEEZE E mail me the details of any of those deals that u don’t want to buy– Thxs in advance–So many properties- so much money to make-

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Magellan

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