RedCeglow replied to the topic To Trust or not to Trust! in the forum Legal & Accounting 1 week, 6 days ago
Hi,
We’re on our third Australian Trust across 5 doors and have found that the structure does what it says on the box.
New loans are considered on their own merits, so the neutral / marginally positive cashflow situation of prior trusts do not adversely affect a new loan application.
Losses can be rolled to next year.
Profit disbursements c…[Read more]
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RedCeglow replied to the topic Sale by owner or use RE in the forum Help Needed! 12 months ago
Hey Benny,
Thanks for your thoughts.
It’s Carnegie, Melbourne, VIC. They are crazy about auctions down here. Only have a hammer….
Yes the agent was suggesting an auction marketing campaign @7k. Other agency commissions may be closer to 1%
The REA commission will only move $200 for each extra $10k that they can sell for. I personally don’t…[Read more]
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RedCeglow started the topic Sale by owner or use RE in the forum Help Needed! 12 months ago
Hi brains and experience trust,
We have this 1 BR apartment that was a necessary purchase 10 years ago but a poor investment, so we are looking to get out of it.
We are also in the midst of settling 3 IP’s and planning the renos on those, so are somewhat time-poor.
We spoke to RE agent and had two questions: 1. What’s it worth and 2. What w…[Read more]
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