Many lenders consider more than 4 units as commercial rather than residential, hence the lower LVR (loan to value ratio).

I own several blocks of units (on one title) and only receive one rates notice per property. If you are receiving multiple rates notice, are they strata titled?

No. In fact, this can be to your advantage if you choose to sell them as you can sell one or four, your choice.

Wendy

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I think you will find Ana is looking for a way to work out the rent based on the fact there is a rental shortage and hence an opportunity to add a premium onto the current going rental rate.

The rental levels are known. How to determine how much extra can be asked for, given the scarcity factor, is not.

Ease up guys – when someone asks for help on the forum, show a bit of consideration and provide it. Don’t just take it as an opportunity to take a swipe.

All the best Ana.
Wendy

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

See you there Troy.

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

You really do need to use a solicitor based in the state of purchase. The laws for each state vary and I don’t think solicitors like to handle settlements interstate.

I can recommend a good solicitor depending on which state you are purchasing in. PM me.

Wendy

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

Hi Steve,

My accountant meets all the above, but is located in Kew. He is well worth the trip though. Let me know if you need details and I’ll PM you.

Wendy

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

Hi Xenia,

The definitions are actually the reverse. Positive geared is where the property pays for itself from day one without any tax breaks. Positive cash flow is where the property makes a loss, but with on paper deductions turns a profit.

Hence -ve geared – loses money; +ve geared – makes money; positive cash flow – makes a loss but can make a profit with tax deductions. This is what Margaret writes about.

Many people get this backwards.

As for Margaret’s books, I have found them all to be really informative with the exception of “The Truth about Positive Cash Flow Property”.

In this last offering she goes off on a bit of a tangent and really has a go at a number of people (Steve included). If you can set aside the soap box commentary, the book does have some good content but is no where near as good as the previous offerings.

Wendy

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

Marisa,

Get advice about setting up a trust.

My understanding re costs to transfer existing properties to a new trust is you will incur a fee to establish the trust (will differ depending on whether you are doing so to an individual or via a company), then for each property you need to transfer over you are hit with Capital Gains tax (if applicable) plus Stamp Duty. You’ll need to decide whether the cost is worth protecting your assets.