Totally understand xdrew

Hi guys,Xdrew can I ask how you structure a portfolio of that size?  Apologies if it's a no-go zone. I understand that there's no one size fits all regarding trusts, company, individual names etc but i'm interested in how larger portfolios are achieved.Regards,Rusty 

Righto, so when an option fee is paid, how much is realistic? I'm surprised the buyer has no legal stake in the property after paying the option fee (which I had been calling a deposit). Given the large amount of money I'm talking, I'm sure the buyer would want some security in knowing the money is purchasing something. Would it be possible for t…[Read more]

Sure, thanks,If they did put down a deposit (say 20% for argument sake) does that mean that they would have a 20% ownership? Is so how is stamp duty managed?

Hi Paul,You're a wealth of information- thanks so much. I agree that it's an ask to get both a deposit and high rent because effectively they should have a share of the purchase.Thanks also for the heads up about the sub-leasing.Rusty

Hi guys,  – sorry, long post….Paul, it seems you're the go-to guy in this area and if you don't mind I'd love your advice on our situation, too. Like you Sandtracker, I have our PPOR on the market without a lot of success. Ideally we need to release some capital (at least 100K) for our new PPOR, and while we do have another IP that we can se…[Read more]

Hi Engelo,I was going to shoot a question to you but it looks like you don't have Private Message set up? If you do, flick me a message and I'll reply. 

Engelo,280 views compared to nearly 1500, I think we have a winner! lolCall me slow, but what does jksss mean??

Thanks dcwwood. I'll do that!Just a quick question….When people talk of Positive Cash Flow, what sort of yield do you look for to achieve this? 8% and above or would it need to be higher? Does anyone have a minimum yield that a property needs to be to fit in with their strategy?Obviously it depends on the property and it's outgoings but it…[Read more]

Thanks everyone, an interesting read,I guess the key is to find properties that are not only CF+ (or neutral) but also have potential for growth, or ability to ad value to. So as Sapphire suggested, combine the first and second part of the plan and look for:- Cash flow positive/neutral properties- Growth potential- Ability to add value- Low…[Read more]

All good points, JacM, I'd be aiming for regional towns (or western syd??) with population on 5000+ if that was possible. I know it might be a stretch but I reckon it's doable. I'd hope to factor holding costs into the equation to receive a net of 10k pa. Again, maybe tough but worth having a crack at. A few might be what some might consider high…[Read more]

Thanks Derek,I did try one I found through Google but it punched out some random figures. Your post gave me a good ball park figure.Ta

Err, that would be CGT as in Capital Gains Tax… not CTG – sorry dyslexic!Rusty

No worries, thank you for all your advice over the past 24 hours

Terry, the exemption I spoke of is not the ATO but the Office of State Revenue because as you mentioned Stamp Duty is state based. According to our solicitor it comes under Section 274 of the Duties Act 1997, relating to ancentory laws and land use for primary production. I know it's on the OSR website – I found the emendments to the Act on OSR…[Read more]

Not at all, I appreciate the conversation. I will have a look at the paperwork tonight and get back to you. It's all gobbledy-gook to me

Hi,St George offer a relocation loan which I guess is basically a bridging loan but they do not take income into account because there will be no 'end debt'. It works on the assumption that when you sell your existing place your new property can be totally paid off so your income isn't an issue. A mortgage is taken out on both properties and…[Read more]

Well both. Parents are exempt from CGT and we benefit the state's Stamp Duty exemption.

rusty05 wrote:
Terry,From what I understand the exemption applies for rural properties to allow farmers to pass farms onto their children. It applies to their children only, and not transactions between siblings or other relatives. I just had a quick look on the ATO site and couldn't find it but I know it's there somewhere. Our solicitor gave…[Read more]

Terry,From what I understand the exemption applies for rural properties to allow farmers to pass farms onto their children. It applies to their children only, and not transactions between siblings or other relatives. I just had a quick look on the ATO site and couldn't find it but I know it's there somewhere. Our solicitor gave us some paperwork…[Read more]