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?

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]

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

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]

Hi Phil,I'm looking to renovate and rent.Martin

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]

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]

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]

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]