pyramid replied to the topic Unprofessional bank in the forum Help Needed! 15 years, 5 months ago
We bank with <a href="mailto:n@b“>n@b and have found them generally very good. You may have come up with an incompetant person/branch. Many years ago we used to bank with Wpac and had a dispute with them which we refered to the Banking Ombudsman. It took us over a year to resolve as the ombudsman kept going round in circles. It was a matter of…[Read more]
pyramid replied to the topic Which countries can australians buy property in the forum Overseas Deals 15 years, 8 months ago
Begs the question. What do you do with the cave?
pyramid replied to the topic Are you liable for Capital Gains tax on your PPR if you claim a small portion of it as a Home Office tax deduction? in the forum Legal & Accounting 15 years, 8 months ago
Thought so! There's no escape. They get you one way or another.
pyramid replied to the topic Rebates on Investment Products in the forum Help Needed! 15 years, 8 months ago
Rebates on mortgages is certainly "news" to me. What amountof rebates are we talking about? How much?
pyramid replied to the topic Real Estate Downfall in the forum Interesting notion! I have 15 years, 8 months ago
Interesting notion! I have never heard of a short sale in property.In share trading, short selling or "going short" is the practice of selling a share that the seller does not own at the time of the sale. Short selling is done with intent of later purchasing the share at a lower price and completing the sale transection. Short sellers attem…[Read more]
pyramid replied to the topic Back to the basics – renting out PPOR in the forum Help Needed! 16 years, 1 month ago
I would consider getting an independant property valuation before and after renting so that it is clear what portion of the gains should be CGT free
pyramid replied to the topic Getting Rid of Tenants…the start of the tenancy was very dodgey in the forum Help Needed! 16 years, 8 months ago
BlayWe will certaily be pursuing the absconded tenent via Debt collectors in the New Year (hopefully they can locate them). All this happened last month so we are still finding our our way through the maze. They had left our property in a real mess – however this does not matter in this case as we have flattenened it to develop a duplex in its place.
pyramid replied to the topic Getting Rid of Tenants…the start of the tenancy was very dodgey in the forum We have recently had a 16 years, 8 months ago
We have recently had a similar experience with a bad tenant who still ows us about $5000 in Sydney. Our property was managed by an agent and all the paperwork was in place (condition report, tenancy agreement, etc). However, even that does not gurantee that you will get all your money.In NSW, you can give a "no reason" termination/eviction notice…[Read more]
pyramid replied to the topic What type of vehicle do you have ?? in the forum Dazzling wrote:
Fascinating 17 years agoDazzling wrote:
Fascinating to see the responses so far. "Where are all the really flash cars – the Benz's and BMWs ??" Good question giddo… What were people's initial expectations ?? Any more people like to share ?? Cheers, Dazzling "No point having a cake if you can't eat it."Dazzling As you rightly quote in your sign off "No point having…[Read more]
pyramid replied to the topic Indian properties in the forum Overseas Deals 17 years, 1 month ago
There has been a lot of discussion on India in this forum previously. See search link belowhttps://www.propertyinvesting.com/search?keys=india
pyramid replied to the topic How to set up a Strata Corporation? in the forum Legal & Accounting 17 years, 1 month ago
It's NSW
pyramid replied to the topic How to set up a Strata Corporation? in the forum Legal & Accounting 17 years, 1 month ago
Thanks raddlesI will look into it
pyramid replied to the topic Finance 6 Unit Apartment Block in the forum Contact Alistair Perry on 17 years, 1 month ago
Contact Alistair Perry on this forum. We have recently got some finance thru Perry and Associates for a 6 unit block
pyramid replied to the topic calculating land tax in the forum Help Needed! 17 years, 1 month ago
Depends on what state you are in. Try this site for NSWhttp://www.osr.nsw.gov.au/erevenue/calculators/landtax.php
pyramid replied to the topic RENT? in the forum General Property 17 years, 2 months ago
A good way to work out rental values in an area is to pretend to be a potential renter and see what the lowest you can negotiate for similar properties to yours
pyramid replied to the topic RENT? in the forum General Property 17 years, 2 months ago
What are you people smoking?
pyramid replied to the topic Houses v Units as an Investment in the forum General Property 17 years, 2 months ago
I have just purchased a block of 6 by 2 bedroom units to add to my portfolio of 5 houses and two units. It is a great way of balancing the finances. The individual houses are great for capital growth (land value) but have a poor cash flow. The units are great for cash flow but have a lower capital growth (land value).
pyramid replied to the topic Property Manager in Liverpool area – Sydney in the forum General Property 17 years, 4 months ago
That's amazing – 42,000 people interested in property investing and no one can recommend a property manager in Liverpool!
pyramid replied to the topic FHOG & Stamp duty exemption in the forum Help Needed! 18 years, 7 months ago
I am not sure what your mortgage broker has advised you, but here is a quote from the NSW Lodgement Guide re: eligibility for FHOG and exemptions:
Applicants and their spouse (including a de facto partner) must:
Not have previously received a First Home Owner Grant in any State or Territory of Australia
Not have owned a residential property…[Read more]pyramid replied to the topic Melbourne median property values up 5%? in the forum General Property 18 years, 7 months ago
Yes, great post hb. Some real gems if insight that can only come from time and experience.
Cheers
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