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  • Profile photo of redwingredwing
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    @redwing
    Join Date: 2003
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    hmmm..reminds me of the miser on TV the other day who is saving for a campervan..she saves on ‘everything’, using the free community newspapers as toilet paper, that saves her a couple of dollars a week at least…

    Bit rough for me..sometimes you just gotta spend the money i say..

    “Money is a currency, like electricity and it requires momentum to make it Effective”
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    Profile photo of redwingredwing
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    @redwing
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    Nope..

    “Money is a currency, like electricity and it requires momentum to make it Effective”
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    Profile photo of redwingredwing
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    @redwing
    Join Date: 2003
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    I’ve also been told..

    If you use “subject to finance” clause as a way out be careful the vendor does not offer to finnace you if you then try to use ‘unable to get finance’ as your way out..

    “Money is a currency, like electricity and it requires momentum to make it Effective”
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    Profile photo of redwingredwing
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    @redwing
    Join Date: 2003
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    Let us know how you go…

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”
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    Profile photo of redwingredwing
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    @redwing
    Join Date: 2003
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    You mean your agent charging you GST in the statements you recieve?

    There is GST applicable to some stuff..agree with JKM for more details..

    “Money is a currency, like electricity and it requires momentum to make it Effective”
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    Profile photo of redwingredwing
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    @redwing
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    Chris BATTEN Is very well known and repected IMHO

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”
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    Profile photo of redwingredwing
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    @redwing
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    Sorry got the surname wrong Michael..

    Concepts..any tips??

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”
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    Profile photo of redwingredwing
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    @redwing
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    Bit like Margaret Lomas then in his + Gearing??

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”
    Count The Currency With This Online Positive Cashflow Calculator

    Profile photo of redwingredwing
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    @redwing
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    Hi Dazzling..

    we bought a duplex block off DOLA and sold to Homeswest 3 months later making $15k after costs..we were happy as i’d used my money from my shares to purchase the block; i’d made $3k Profit on the shares as well..

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”
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    Profile photo of redwingredwing
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    @redwing
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    “Is now a good time to buy, sell or hold?”

    YES

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”
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    Profile photo of redwingredwing
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    @redwing
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    Failing that..post some Questions here..Cata , Coasty Mike and others with a lot of experience regarding Trusts are happy to help out..

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”
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    Profile photo of redwingredwing
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    @redwing
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    I’m looking at http://www.excelaustralia.com.au for this year

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”
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    Profile photo of redwingredwing
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    @redwing
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    Michael YARDLEY will know him

    “Money is a currency, like electricity and it requires momentum to make it Effective”
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    Profile photo of redwingredwing
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    @redwing
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    never heard of him until you mentioned him and Google found him..he’s pretty much like Ed Burton isn’t he – an accountant who is strongly into asset protection via trusts.

    who is behind Trident Press? [fear]

    looks interesting [sneaky]

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”
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    Profile photo of redwingredwing
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    @redwing
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    ?

    “Money is a currency, like electricity and it requires momentum to make it Effective”
    Count The Currency With This Online Positive Cashflow Calculator

    Profile photo of redwingredwing
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    @redwing
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    From my ‘basic’ understanding i agree with GP and suggest you get someone ‘familiar’ with trusts to set up your asset protection vehicle..getting it right now could save heartache later.

    IMHO-I suggest you liaise with CATA, Coasty Mike or contact Chris Batten, Dale GG or someone.

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”
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    Profile photo of redwingredwing
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    @redwing
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    RMG accounting in Subiaco are very good and Pro-Property.

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”
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    Profile photo of redwingredwing
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    @redwing
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    PART 2

    Of My Typing exercise, i’ve done quiet a bit and have suprised myslvf wft moy accurcay [biggrin]

    Eventually we arrived at a figure of $158,000.00, more than we as the vendor wanted to pay, less than they as the owners wanted to pay; but nonetheless a good price. We stipulated a white ant inspection as well as a building inspection as part of the process; both reports well worth the money as there were white ants in an umbrella tree out the back and the building inspection became our “to do” list as well as helping with negotiations.

    Initially when we inspected the property the shed out the back was full of equipment and had a dividing wall with fertiliser and poisons etc on one side and tools and equipment on the other meaning we couldn’t see inside it to well.

    When we took possession of the property we realised we were in for a battle and I remember well working nightshifts, finishing at 8 am and going home for 3 hours sleep (I know because i set the alarm for 3 hours) then getting up staggering to the showing having a caffeine *boost* and going to the new property. I was lucky to have my wife helping me after she finished work, as well as her parents assisting and her brother dropped in and helped many times as well.

    Many times I would rush home have a shower and then go to work again; sometimes I’d go home sleep for an hour and then go to work. It may be just me, but when I’m tired, really tired, I know, because I hit my second wind and go into overdrive; my body overheats, especially around the back of my neck and I loose any hunger I may have had and rely on coffee to get me through.

    Anyway,We stripped the house, threw out all the carpet, pulled off all the fixtures and fittings, cleaned them with thinners to get the original owners paint smears off, cleaned out all the cupboards and we eventually repainted the whole house; with a nice feature wall as well in the middle of the house.

    One evening my father-in-law painted all of the ceilings and to our horror when we arrived the next day we found that ‘all’ of the ceiling paint had peeled, taking off the original coat as well and exposing the raw grey material of the gyprock, we stood around for half an hour scratching our heads and checking the tins of paint (yep; he definitely used the new stuff used not some of the old paint I’ve carried with me for about 3 or 4 houses now hoping to use one day). So off I trundled with my apparently ‘dodgy paint’ back to the supplier, wherein he told me that the original paint from years ago mustn’t have had sealer applied and as our paint has adhered to the original coat and dried(shrinking) it has lifted the first coat.

    I double checked this and it appeared he was correct.

    Our only remedy was to take off all the ceiling paint by wetting it with hot water and detergent and scraping off the paint (which we did with hand scrapers, then sanded it ) then applying an oil base sealer and repainting the whole lot.

    We then installed new carpets through the bedrooms and living area from a wholesale rug/carpet importer, he gets the reams of carpet and makes some great rugs, luckily, we had my wife’s grandfather who knew him from when he was in the carpet game (a story in itself) and we got some quiet expensive looking carpet at a great price.

    Getting it installed was no problem either with my wife’s grandfather helping out and he’s such a stickler for doing it once – doing it right, that the tradesmen wouldn’t have dared do a half baked job. After that we had many people comment on our * expensive * carpet when they dropped over (which made us feel good).

    We fixed and re-seated all the taps and did a lot of other small repairs inside the property including installing brass looking towel, toilet and hand towel rails as well as bathrobe hooks behind the bathroom doors.

    REDWING
    The speed typer

    “Money is a currency, like electricity and it requires momentum to make it Effective”
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    Profile photo of redwingredwing
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    @redwing
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    Rent Buster Plus was being talked about on one of the weekend business shows..i only saw part of it but..it is part of Wizard’s response to changing demographics and the new housing lending needs of borrowers.

    “People may find themselves back a square one on the property board for many different reasons, so home loans need to be designed to meet their specific needs,” said Bouris.

    “Rent Buster Plus covers the full purchase cost of property up to $500,000, plus associated fees (to a total of $525,000), meaning second time round borrowers can buy their new home quicker.”

    For a home priced at $300,000, Rent Buster Plus allows for an additional $6,000 (two per cent) to $15,000 (five per cent) in associated costs.

    “Stamp duty alone could reach $10,000 before adding several thousand dollars for extras like Lenders Mortgage Insurance and legal fees, ” said Bouris. “Rent Buster Plus can cover the bulk of these costs for the borrower.”

    Rent Buster Plus is designed to encourage borrowers into a positive equity position as soon as possible. For example, the interest rate reduces on their loan by one per cent after three years only if their LVR is 95 per cent or lower and they have maintained a healthy payment history. Also, redraw is not available until the home owner achieves a positive equity position.

    “Rent Buster is designed to not only help people into their home quicker, but to encourage them to build equity in their property as soon as possible. Staying on the property ladder is the key objective,” said Bouris.

    “Money is a currency, like electricity and it requires momentum to make it Effective”
    Count The Currency With This Online Positive Cashflow Calculator

    Profile photo of redwingredwing
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    @redwing
    Join Date: 2003
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    Nollomara has been gathering steam for a while from what i’ve seen.. Ashfield has potential IMHO if you can find anything for the right price there..and i couldn’t when i looked..

    “Money is a currency, like electricity and it requires momentum to make it Effective”
    Count The Currency With This Online Positive Cashflow Calculator

Viewing 20 posts - 1,041 through 1,060 (of 2,376 total)