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  • Profile photo of SalabergeSalaberge
    Member
    @salaberge
    Join Date: 2003
    Post Count: 7

    WOW! You have just blown me away – especially when I think of how long it has taken me to get where you are at 17![:)]

    Here’s some websites to help you with info on starting a busines…

    Some GST fun with the ATO…
    http://www.ato.gov.au/

    And since you’re from gorgeous Qld some excellent help and guidance from Pete and his mates…
    http://www.sd.qld.gov.au/dsdweb/htdocs/global/start.cfm

    Enjoy!
    Salaberge

    Profile photo of SalabergeSalaberge
    Member
    @salaberge
    Join Date: 2003
    Post Count: 7

    Thanx Creach,

    I thought commercial rent attracted GST. I was just hoping there was a way around it. Nothing spells fun like putting in a BAS![:P]

    I might leave the commercial stuff alone for a while then – no need to over complicate things too early!

    Salaberge

    Profile photo of SalabergeSalaberge
    Member
    @salaberge
    Join Date: 2003
    Post Count: 7

    Thanx Sue,

    I’ve now booked the inspection for 9am monday morning and will have to make it up to my boss somehow![:)] He should be ok with it.

    I never thought to check into the penalty amounts, I thought it would be much more than that!

    I am pretty excited about my first one – didn’t quite get into reading about the +ve cashflow stuff until after I bought it, so it is negatively geared. I don’t think I did too bad though it will only cost $25pw to hang onto and I bought it for about $25K-$45K less than two other houses almost exactly the same were listed for. They were a bit tidier though.

    I’ll do better with my next one!

    Kind Regards
    Salaberge

    Profile photo of SalabergeSalaberge
    Member
    @salaberge
    Join Date: 2003
    Post Count: 7

    Hi Blackhole

    It’s been a while. I had a long settlement period (45 days). I see you point about delaying settlement, but don’t want to risk any penalties.

    BTW I should clarify that when I asked “who could I get to do this on my behalf” I meant to ask whether other people have had a property manager or other professional do this for them – when they are buying remote properties etc.

    Thanx
    Salaberge

    Profile photo of SalabergeSalaberge
    Member
    @salaberge
    Join Date: 2003
    Post Count: 7

    Hi Tuttsy,

    It’s in Bethania which is in SE Qld about 26-30km south of Brisbane CBD.

    Kind Regards
    Salaberge

Viewing 5 posts - 1 through 5 (of 5 total)