property1234 replied to the topic Submitting multiple offers at the same time in the forum Cheers
12 years, 5 months agoCheers
property1234 replied to the topic Submitting multiple offers at the same time in the forum Help Needed! 12 years, 5 months ago
Great, well it seems like a good idea to me. Thanks for your help Terry.
property1234 replied to the topic Submitting multiple offers at the same time in the forum True. I would certainly use 12 years, 5 months ago
True. I would certainly use a conveyancer and could ask them. I never thought of it like that. I could get them involved earlier than I might usually.
property1234 replied to the topic Submitting multiple offers at the same time in the forum Help Needed! 12 years, 5 months ago
Thanks for the responses.
The properties are in QLD so it would fall back on finance I would assume (without any other clauses nominated).
Although not sure if you could just pick which property you want to get in such a circumstance and then consequently turn down the other properties on the basis of not being able to get finance.As for the…[Read more]
property1234 replied to the topic Suburbs with high household debt in the forum Help Needed! 12 years, 7 months ago
Wow thats great.
Thanks for that!
property1234 replied to the topic Why is it recommended not to buy property in your own name? in the forum General Property 12 years, 11 months ago
Brilliant. I do actually understand it a lot more now.
Thanks very much for your help.
property1234 replied to the topic Why is it recommended not to buy property in your own name? in the forum General Property 12 years, 11 months ago
Thanks guys.
I can certainly see the pros and cons more clearly now, thanks for the summaries Terry.
I find it hard to understand how you can control a company but not own it though.
For example if the properties are owned by a company, someone (or some individuals) must then own that company in turn.I have a few properties in my own name and…[Read more]
property1234 replied to the topic Why is it recommended not to buy property in your own name? in the forum General Property 12 years, 11 months ago
@mattsta Yes that’s correct. Like a company, but probably more with a bucket trust company attached to it to reduce exposure/risk.
I really don’t know too much about it I’m mainly going off memory form a fair while ago. It wasn’t until I heard it at a property seminar again recently that it got me thinking.property1234 replied to the topic Why is it recommended not to buy property in your own name? in the forum General Property 12 years, 11 months ago
A few public speakers I’ve listened to recently, like Dymphna Boholt. I also thought it was something I read in one of Steve’s books.
property1234 replied to the topic A few tax questions in the forum Legal & Accounting 13 years ago
Nice thread.
I have owned one of my properties now for 6 years now and I understand that as it was my principal place of residence that it is CGT exempt for this time.
(Although perhaps not the first 11 months as it was rented when I purchased it and didn’t move in until after that, just a side note not the point/question).I have heard that…[Read more]
property1234 replied to the topic Looking for an Accountant (Property and Tax specialist) in Western Melbourne in the forum Help Needed! 14 years, 4 months ago
Same (similar).
Would be great if there were a thread on here regarding accounts who specialize in property????
I’m not in the same area, currently Sunshine Coast, QLD. But it shouldn’t matter too much where your account is in Australia as tax is predominately at a national level and not state.
Especially when you’re investing in multiple states.property1234 replied to the topic Insider Information in the forum Thanks again.
Conferring 14 years, 11 months agoThanks again.
Conferring with my professional body is definitely something which I will consider. I should have probably mentioned I am only a technically a graduate architect at the moment as I haven’t registered and I work for a firm.
The Strata Search sounds like a good idea and something I will most likely do. I may see what the Real Estate…[Read more]
property1234 replied to the topic Insider Information in the forum Help Needed! 14 years, 11 months ago
Thanks for the input guys.
Special levies is a good point. I am only accustom to body corporates with 80 or more units so I have never really seen high levies.
Ill just have to hope that special levies for a block of 8 units isn’t or wont be too excessive and that most of it will come from the sinking fund?
Information I can probably get before…[Read more]
property1234 replied to the topic Vandalism & Arson Crime in the forum Help Needed! 15 years, 3 months ago
Hi Dave,
I would be interested to know how things turned out for you with this property?
Thanks,
Ollie