marsmac replied to the topic Share trading for income in the forum Finance 8 years, 9 months ago
If you set it up as a company do you pay yourself a dividend at the end of the year or do you pay yourself regular wages?
marsmac started the topic Share trading for income in the forum Finance 8 years, 9 months ago
Hi Everyone,
I have heard Steve McKnight mention using share trading to accelerate your income to service on more property purchases.
Do the banks accept share trading profits as a form of income?
Do you need to setup a business/company with ABN/GST and show income/expenses like a regular business?
If you are self-employed you need 2 years tax…[Read more]
marsmac replied to the topic Should I buy when there is no strata manager, no insurance….if I can buy it cheap?? in the forum Help Needed! 13 years, 1 month ago
Hi everyone,Thanks so much for your advice and views on this matter.Well, the property did get sold at auction on the weekend for a price that suggests only a First Home owner could offer. (i.e a price probably $40,000 or 20% above what it should have sold for). Hopefully their Solicitor has informed them of the risks buying the property with no…[Read more]
marsmac replied to the topic Someone wants to buy my investment property for unit development…What is a fair price here? in the forum Value Adding 13 years, 6 months ago
Hi Scott No Mates,Thanks for the pick-up. My bad. The 30% site coverage is the old zoning. Not sure what it is now though.Marsmac
marsmac replied to the topic Someone wants to buy my investment property for unit development…What is a fair price here? in the forum Value Adding 13 years, 6 months ago
Hi everyone,Thanks for your replies. We didn't sell in the end although we were really really close to it. The buyer was very insistent and didn't resist too much when agreeing to our original offer. Did it have something to do with the rezoning in my area?I wanted to give an update with what has been going on with the local council. The council…[Read more]
marsmac started the topic Changing floorplan for maximum results?? in the forum Value Adding 13 years, 10 months ago
Hi everyone,My wife and I have just bought a place in regional NSW. It’s a deceptively large house when you walk through it and wanted to know the best way to change the floorplan to add maximum value.We were thinking of 1. Enclosing the Family/Bed 4 to make a 4th bedroom2. Making the laundry/2nd toilet area into a 2nd bathroomDoes anyone have…[Read more]
marsmac replied to the topic Renovation consultant needed in the forum Hi Phil,
I’m looking to 14 years, 1 month ago
Hi Phil,I'm looking to renovate and rent.Martin
marsmac replied to the topic Wagga Wagga Area in the forum Help Needed! 14 years, 3 months ago
Hi all,Apart from the HC suburbs, what do people think about Lake Albert?I'm looking at a fibro 4 br house near the lake and the shops. It's on a big piece of land….something like 800sqm but then again most of the properties in the area are on large land.Does anyone know if the shops have finished building and how busy is the shopping centre?…[Read more]
marsmac replied to the topic My First renovation property on Video in the forum Hi Joel,
Firstly, thanks for 14 years, 10 months ago
Hi Joel,Firstly, thanks for the video…I enjoyed watching the good and the bad of home renovations. It was a real eye opener.My question is…how much hands on experience do you have with renovations/d.i.y before you bought your first reno? Did you do courses, read books, are naturally good at D.I.Y stuff? From the video it looks as though you…[Read more]
marsmac replied to the topic Someone wants to buy my investment property for unit development…What is a fair price here? in the forum Value Adding 14 years, 11 months ago
Hi everyone,Thanks for your replies.We are going to make a counter offer for $550,000 with 6 week settlement as we prefer to get the cash now so we can invest it elsewhere. Having a 1 year option is too uncertain and locks in today's price.The reason why the developer offered a higher option, I think, is because he still needs to buy my 2…[Read more]
marsmac replied to the topic Can I use my property as security? in the forum Help Needed! 15 years, 7 months ago
Thanks for your replies.What other solutions can you suggest without possibly having to buyout my mum's 50% share (to avoid CGT issues)?I want to use the equity in my current investment property (whether held in my name or jointly) to purchase a second/third/forth investment property (in a trust structure or in my wife's name). You mentioned it…[Read more]