RedCeglow replied to the topic To Trust or not to Trust! in the forum Legal & Accounting 3 months, 4 weeks 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! 1 year, 3 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! 1 year, 3 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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RedCeglow became a registered member 1 year, 4 months ago
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