Forum Replies Created
DT & Corey, thanks for the suggestion. I will contact Qura.
Redwood, you were right on the money. The seller I bought from was Chinese, and the real estate agent was also Chinese (and I live in China, so go figure).
Regards,
RobThis post has taken a very dark turn… I don’t think I’m going to show it to my daughter! ha ha.
I’m still trying to get my head wrapped around these CGT rules. When planning things many years in advance (kids school choices, retirement destinations, etc…), there is always the possibility of situations changing.
Terry, I will contact seperately. Thanks!
Rob
Thanks for the feedback. I was planning to pay cash, so no financing involved. I’m familiar with the Melbourne area (I usually come back once a year) and still have good friends in the area. So far I’ve had friends look at potential apartments and provide their opinion and feedback. I already have a pretty good idea of what and where I want to buy.
As far as tax… I was expecting after depreciation and other normal expenses the profit would be minimal. I will need understand more about the rules for depreciation as well. Your suggestion of tax/legal advise is probably a good idea.
Terry, the idea of lending money to my daughter to buy it… what is the advantage? BTW, my oldest daughter is currently 16… is she allowed to enter into a legal contract?
Thanks,
Rob
