Forum Replies Created
personally i would have structured it differently. perhaps a family trust with the ability to distribute to a company to cap the tax at 30%. anyhow, it depends on how you are pulling the cash out of the company as to whether you need an abn. if it is salary, then no. if it is as a management fee or contracting fee then most likely yes.
hope this helps.
georgisj, thanks for the reply. I know the apartments you are referring to, i was actually looking at them quite seriously back when i signed up for this. I will have to go back to the solicitor.
AusProp, at this stage theye probably aren’t zoned, because as i said this is real gossip from the actual developers mouths. I feel that there is no benefit of having short term accomodation in this building. The apartments were marketed as luxury accomodation targeted at the owner occupier. i feel that having these hotels will “cheapen” the overall aspect of the building and be detrimental to resale values.
>>Lighten up mate<<
You seem a fountain of good advice Simon so that is exactly what I will be doing.
No more exasperation reading posts from half brained idits, also known as do-gooders.
No more having to endure reading posts from one eyed Bush and Howard bashers, unaware and uncaring that a worldwide war is happening right on our doorstep.
What a relief.
Pisces
>>Asking people their ideas on ways to torture Saddam? Get real Pisces. It’s highly inappropriate<<
Hey Kay, this section is titled ‘Opinions’.
This section deleted, please don’t make derogative comments about sections of the community. (Bear)
>>Asking people their ideas on ways to torture Saddam? <<
And where exactly did I say that ? Your imagination is running wild in the wrong direction.
And you PropertyGuru, I would have expected a greater intellectual response from you rather than seeing you trying to take the thread into a completely different direction.
What is it that you don’t understand about my question ?
If you want to open up a conversation about whether the US was justified about going to Iraq,
I suggest it would have been more appropiate if you had started a different thread.Pisces
[inlove] ?
Yak, how is it possible to fall in love without even having met the lass ?
I guess you must be enthralled by the intellect she displays.
The question is whether that is enough to get you excited.
The least you can do therefore is to exchange photos. Even better, contact PropertyGuru and he can display the photo’s of both of you on his site.
Pisces
>>Mr Pelican, would you like me to ask you what experience you have on battlefields?<<
Pelican (or Mr Pelican, as Bec calls you) it looks to me that Bec is asking a very valid question there. [wink]
As an [oneeyed] intellectual she obviously wants to get her facts straight before she comments properly.
Pisces
>>>www.abs.gov.au has stats which you can use…Some however, you will need to purchase.<<<
If you live in Sydney you can actually go into their office and look at the publications at no charge in their library.
Come to think of it, they probably have offices in all major cities (?)
Pisces
The CBA isn’t a bad lender to go to.
I say this even though I have never seen fit to place business through them.
Pisces
I agree 100% with rugbyfan (except about rugby of course [biggrin] )
>> I am wondering if someone offers $85k and another person offers 95K, the property will be sold- accepted at 95k- and if john wants the property, he’ll miss out.<<
So what is so wrong about missing out, Kay ?
One cannot win them all and missing out is the price one has to pay if one wants to buy some properties at a good price.After all, not buying a particular property isn’t the end of the world.
There are so many fish in the seas that it isn’t funny. Only a ‘lack consciousness’ would cause one to be so anxious that one just falls into line with someone else’s idea of value.
Now, if we were talking about selling rather than buying I would think differently i.e. I would sell and not necessarily hold out for the best price.
Pisces
Is everyone really so devoid of good ideas ?
Pisces
>>Number of people get killed in other part of world in terrorist activity does US care? War in Iraq has killed already 10000 people and who knows how many more? I am against the Saddam and Osama but Bush is also part of same group. Because of this war we in Australia facing insure.
<<I take it that by the word ‘insure’ you mean uncertainty, dangererous times ?
PropertyGuru, can you please explain, come up with some relevant facts, why you consider Bush in the same league as Saddam and Bin Laden.
I am asking because, whilst there are many factors at work, the way I see it Bush is doing a pretty good job. A lot has been achieved during the last twelve months.
So where did he fault ? Or are you referring to
things other than Iraq ?Pisces
<<edited – no personal slanging matches please!>>
Nothing wrong with war as such, I just want to get my facts straight.
Pisces
Because it looks like advertising.
However …………., if you were to kindly ask Steve you may get the O.K. (no guarantees of course)
Alternatively you may just casually mention that you strike so many properties that in fact you are unable to handle them.
Anyone with half a brain and who is in need of a property and hasn’t been successful or who perhaps hasn’t got the time to do extensive searching himself, may well contact you.
Pisces
What about 9/11 Scott ?
What about the train bombings in Spain ?
Pisces
>>i reckon i’m all but immune now. And i reckon it was breaking that board in two, that did it to me….<<
What happened ? Did you smash that (surf?)board against your head ?
Dangerous hobby that is, better stick to real estate.
Pisces
Interesting way of looking at it Mini.
I won’t comment (other than commenting on about three very minor items shown below) in order to see some more opinions.
>>George Bush, AKA the Antichrist<<
Miniiii, have you gone religious now ? I well remember how the scoundrel catholic priests frigthened hell out of me by giving a very prominent role to the devil.
Now, fifty odd years later, they have suddenly changed their tune.
Like the media, one cannot trust the priests either.
Now Mini, please don’t fall into the trap of wanting to tell us that one can trust the priests or else I’ll have to bring out the details of the sex scandals which have been uncovered in the closets.
>>Remember Hitler? Well, it seems he’s back.<<
Are you trying to tell us Mini, that Hitler, like Jesus, has arisen out of his grave ?
(Sorry, I cannot buy either one of these two stories.)>>GB’s been desperately trying to stop his currency devaluing for a while now<<
Mini, I like your stories about cash +ve houses but it doesn’t look like you have a notion about economics, or at least not where it concerns the US dollar.
A very strong case indeed can be made that the opposite has been happening i.e. that the US government has been actively working to push the US dollar down so I cannot really buy your outlook Mini, sorry.
Cheers,
Pisces
thankyou for your input and to clear things up i was referring to Steve’s book. cheers
sang-froid
Ultimately one should buy with one’s brain, not with one’s heart.
Decide the maximum the property is worth to you and stick to that limit.
There are plenty of other fish in the sea.
However, if the property is for one’s own use I would be prepared to pay a little more than what I would otherwise (provided the property was unique in some way).
Techniques ?
Start off low, never give your best price immediately as the vendor’s ‘greediness’ factor may come into play and you may miss out altogether.
So start off low. Say $ 80,000 and thence, if offer is rejected, increase to say $ 85,000.
If rejected then the next offer should be say
$ 87,000 (notice the increase is getting smaller ?).Thence $ 88,000.
Thence $ 88,500.
Thus the vendor gets the message that you have reached your limit (as your increases have become less and less) and the ball will then be in the vendor’s court to decide to either accept the offer or run the risk of losing you as a buyer.
Does anyone disagree with the above ?
Pisces
>>Staying permanently logged on<<
I understand that that is what Chan did except he didn’t have cable.
I cannot remember how much exactly (hundreds of dollars) but he received quite a large bill for that.
I was told however that he has made a deal with them that for every joke he sends them he gets a dollar discount off his bill. [party]
A dollar a joke. That sounds like cheap jokes.
[biggrin] [biggrin]Pisces
>>I don’t have an emotional reaction to the rent coming in, other than, good, it arrived.<<
If one’s commitment is small enough it won’t be likely to cause emotions to come into play.
Like in your situation where you don’t owe any money on the properties there is less (or no) reason to feel fearful.
The moment one has a big loan to support and depend on the rental to cover one’s interest obligation one inevitably will be watching anxiously each week (or month) whether the rent payment has come in.
This emotional roller coaster of fear is enhanced if the borrower hasn’t got any cash reserves to draw upon in the event that the tenant were to get himself into trouble and is unable to fulfill his obligations.
So from that point of view, small is beautiful as one has removed many of the causes which create the (fear) emotion.
Pisces
