There’s nothing I like more than putting a cat among the pigeons or stirring up the odd pm. You would think that if the pm gave an order then the invoice would flow to the agency (what if you had sold, run off with Mistress Dub etc)

Where does your solicitor fit into the picture to ensure you’ve executed the document correctly?

Does changing the Trustee change the ownership & trigger more stamp duty?

Shoot your PM! Ask them for a copy of their privacy policy ie how do they protect your anonimity & what they can do with your personal details.

Ask how the contractors found your details as you didn’t engage them directly. Advise the pm that another breach of their privacy policy & you walk.

M.Investigator wrote:
Generally, any improvements can increase your home's worth.

Not true – cost to the seller & value to a purchaser aren’t the same thing.

Improvements must be appropriate to the market eg not too many bedrooms or poorly built extensions actually deter buyers.

Handsets – $50 each
2 hrs labour
Motor & sundries

What's a new shutter worth? Probably not much more.

It just depends upon how quiet they are at the time.

Sounds like it might be time to engage a surveyor, solicitor & valuer to get your deal over the line.

JacM wrote:
Scott – apparently she had plastic surgery to enhance her appearance at somestage….

So it wasn't the ugly tree after all, there was human intervention.

Agents don't generally get involved in marketing options over a private treaty because they sell property where they get their commission in 42 days (not on the never never plan where the option is subject to a lot more than achieving an approval on a development site).

Now to be fair he hasn't sued for specific performance (she's a proven performer) but for falling out of the ugly tree and hitting every branch on the way down?

Wouldn't she have been ugly well before the birth of the kid? or was he in a state of permanent drunkedness and finally sobered up when the kid was born?

Plenty of templates available here: Apmasphere

Setting up a new trust to hold assets now & to transfer those which you already own or are purchasing will cause you to pay stamp duty on the transfers. Not sure if the cgt discount applies to the trust but it would need to hold the assets for 12months to get any discount on cgt BUT you would trigger a cgt event when you transfer your assets to…[Read more]

You may want to read this: High Rise Defects

This applies for NSW, so you will need to do your due diligence to ensure you don't get caught without cover.

NG is basically losing 100% to save 42% tax. Makes sense not!

The pay off is capital gain. Neutral property or slightly ng is a better cashflow position to take.

There are a few providers our there eg aami, territory sheer, nrma, westpac etc. Shop around for the best cover not the best price.

Other than getting LL insurance, everything else is pretty much beyond your control. Getting a good property manager on board is a good start even if you have to pay a little more than the others, you have the higher yields to cover it.

Property is a physical asset. Meet and greet a few realtors, talk to them (they don't all bite). Find out what they can do for you, what services that they provide, what fees and charges you will have to pay, when will they send you the rent etc.

Do the same for the on-line agencies and see what the differences are.

you will only pay tax in the hands of the beneficiaries ie if you make a profit and distribute it, then the beneficiaries pay the tax (if you don't distribute the profit, the trustee will pay tax at the highest marginal rate). The bad news is you can't distribute the loss if you are negatively geared and you will also pay land tax.

If you are not living with your g/f at the time of settlement, then you are still eligible for the FHBG. Depending upon the date you signed and applied for the FHBG will depend upon what amount that you will get.

which state is the property in? (my reference is NSW).

if the fixed term is over 3 years the residential tenancy act would not apply, so a commercial lease could be used

they are not exercising their option. End of story, they can go on monthly if you agree or you can give notice to vacate upon expiry of the lease (consider what the vacancy…[Read more]