Hi Beck,nice work. How long has the option got left to run before expiry?How big is the block and if you are familiar with council guidelines in Coffs,is there subdivision potenial?

Nice strategy Yorkie,You will certainly add even more value to the equity equation if you go thru with strata, however your costs will also go up. Council, water rates, possibly land tax etc. Weigh up the pro's and con's of doing this. Of course if you are looking for a future sale of one or all (one at a time) then it's all roses. If it's for a…[Read more]

Hey Yorkie,outstanding stuff, especially the Albury units. I figure 7.3 % yield before expenses and not having allowed for whatever depreciation you've got to write off.Did you need to put any cash into the deal (not equity from other properties) and if so what was the LVR (if you don't mind sharing) to bring it to positive territory, and at what…[Read more]

As Richard has mentioned, it's best to get a QS to prepare your report. It is VERY unlikely that your accountant can optimally claim everything that can be written off.I've never heard of a depreciation schedule being done from someone's desk, without visiting the property.In addition to the firms outlined above, if you are in Sydney or…[Read more]

Hey Mick,Have a look here:https://www.propertyinvesting.com/forums/community/heads-up/4324505?highlight=carly%2Ccrutchfieldand here:https://www.propertyinvesting.com/forums/community/heads-up/4324196?highlight=carly%2CcrutchfieldI've gone thru the home study and it is a comprehensive product. I'm going to the Brisbane 3 day bootcamp/seminar in Oct…[Read more]

Dave,you must have a twin:https://www.propertyinvesting.com/forums/property-investing/general-property/4325792How many have you bought sport?

Hey K,It is frustrating when they are first poster's and then they have someone else from the office come online (with another first post) and back up the uncalled for testimonial. They wouldn't have the intelligence to realise that the publicity will backfire and that all here is in the public domain.Contrast this with some of the veterans here…[Read more]

That's true crashy,very valid point. I was providing some input to stargazer's question when I thought of adding that into my post. Thanks for adding that perspective.Due diligence with council and zonings, etc still takes priority, no matter which way stargazer goes.

Stargazer,these work best on corner sites, but can be achieved on standard blocks also. Not sure where you are situated, however best is to pick two or three suburbs. Become an expert on them as far as what they have to deliver to residents/tenants, facilities, infrastructure, amenity and all the other buying criteria…..I could go on however…[Read more]

Hey etty,what's the ball park depreciation on it for this coming FY 08/09? What suburb?

Earthling,

you've have good advice above. I personally wouldn't accept such a fluffy clause unless the property I was potentially selling was going stale and giving the perception of being a lemon if was on the market for a long time. They will tie it up for two weeks and have easy exit if they wish or they may begin discounting wars with…[Read more]

Earthling,

you've have good advice above. I personally wouldn't accept such a fluffy clause unless the property I was potentially selling was going stale and giving the perception of being a lemon if was on the market for a long time. They will tie it up for two weeks and have easy exit if they wish or they may begin discounting wars with…[Read more]

Earthling,

you've have good advice above. I personally wouldn't accept such a fluffy clause unless the property I was potentially selling was going stale and giving the perception of being a lemon if was on the market for a long time. They will tie it up for two weeks and have easy exit if they wish or they may begin discounting wars with…[Read more]

Earthling,you've have good advice above. I personally wouldn't accept such a fluffy clause unless the property I was potentially selling was going stale and giving the perception of being a lemon if was on the market for a long time. They will tie it up for two weeks and have easy exit if they wish or they may begin discounting wars with you.The…[Read more]

Qlds007 wrote:
C but it not about the numbers.

Richard is right. The numbers are merely the means of keeping score. It's who you become whilst playing the game, and what you can do to enrich your own and others lives on the journey.For the record I am in B or C depending on criteria of measuring/quantifying "property". It could mean titles or…[Read more]

The ATO is targeting Hybrid Trusts.Have a look at this post and the link to the ATO:https://www.propertyinvesting.com/forums/getting-technical/legal-accounting/4324208Also my guess would be that with credit squeezing being flavour of the month (year), and due to the current conjecture and ATO's focus, the lenders are not keen to deal with such…[Read more]

Hi wangster.Great post. Thanks for sharing your experiences. People do your research on all courses that you may be interested in and on their teachers/founders. Not all courses are like this, however……………….caveat emptor!

Assuming from your post that they're on separate titles. If the house next door to the PPOR was purchased after Sept 1985 and was an investment property, I'd say that CGT would be due. Is it an actual house that you rented out whilst living next door in the PPOR? Or, is it a tennis court/pool that (could be argued) you also occupied and enjoyed as…[Read more]

You're welcome AH.In the US they are common, even the signs out the front of properties for sale, boldly state FORECLOSURE.

As I mentioned above,  I think banks here need to maximise their return and be transparent by going to auction with licensed agents. I read somewhere that they are also rely on two or three independent valuers findings in…[Read more]

You're welcome AH.In the US they are common, even the signs out the front of properties for sale, boldly state FORECLOSURE.As I mentioned above,  I think banks here need to maximise their return and be transparent by going to auction with licensed agents. I read somewhere that they are also rely on two or three independent valuers findings in…[Read more]