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Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of shralpershralper
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    @shralper
    Join Date: 2003
    Post Count: 8
    December 16, 2003 - 6:41 am

    Hi Matt,

    Looking at public co-ed. I heard Ashmore Primary was good. Thats all I got so far. [?] I’ll be needing a rental house by Feb too. So far it looks like rental will be upwards (to sky limit) from $260 in that area.

    quote:

    Hey Shralper,
    Can you please tell me if you want the school to private/public and if you want it to be co-ed?

    Cheers
    Matt

    Profile photo of shralpershralper
    Member
    @shralper
    Join Date: 2003
    Post Count: 8
    October 12, 2003 - 11:29 pm

    quote:

    Hi Shralper

    There is a free statement checker you can use on our website that Stuart developed.
    http://www.prosolution.com.au/ps_docs/prosolution_doc091603_185728.html

    Our clients have used it and it has proven to be accurate for them. You should try before you spend $100.[:D]

    Josie

    Thanks Josie, (and others) I will give this a go, free is always better [^], esp when you feel like you’ve just been robbed.

    Keep ’em honest everyone!

    Shralper.

    Profile photo of shralpershralper
    Member
    @shralper
    Join Date: 2003
    Post Count: 8
    July 10, 2003 - 3:03 am

    Also encumbrances may not permit a transportable home, but a good idea if allowable!

    Profile photo of shralpershralper
    Member
    @shralper
    Join Date: 2003
    Post Count: 8
    June 18, 2003 - 5:39 am

    Kelli,

    Search on assignment of contract or flipping. I hope to do the same thing soon (in SA). The CGT is calculated as for Income Tax as I understand it. I’ve also heard you will pay stamp duty for the transfer and so will the buyer. Not too sure on the details. What about reselling via the agent you bought it through? or private sale. Hopefully the capital growth will cover all expenses and you’ll be in front! Otherwise if you can cope with interest, waiting a while might get a better return. Good Luck.

    Profile photo of shralpershralper
    Member
    @shralper
    Join Date: 2003
    Post Count: 8
    June 5, 2003 - 2:38 am

    The plan is basically to find an IP with a +’ve cashflow in the next year or 2. So far, no luck. Plan C is to build on the land, I would prefer to avoid the building process. The land could make us a small profit, when sold, enough to cover all the fees involved in refinancing and chip away at what we have left on our mortgage, placing us in a better position when the right place comes up. The LOC will give us more flexibility and hopefully save some money until we get that first +’ve IP.

    I hadn’t intended to refinance the land as a stand alone loan (more fees), I’m not sure yet whether I could afford to take on another investment until the land has sold anyway.

    I will check on establishment charges and facility fees. Thanks.

    Profile photo of shralpershralper
    Member
    @shralper
    Join Date: 2003
    Post Count: 8
    May 9, 2003 - 3:18 am

    All good areas that I’m familiar with, what else would you like to know?

    Profile photo of shralpershralper
    Member
    @shralper
    Join Date: 2003
    Post Count: 8
    May 8, 2003 - 6:55 am

    Very informative site! Just what I’ve been looking for, I like the idea of an investment property since I’ve now got some equity to play with.
    I’m in SA, I’m hoping that I can sell for about $10-15k more than I would have to pay if it goes thru to settlement. It may be not my 1st Million but will surely help. [:)]
    Double stamp duty.. anything else to consider? what about agents and brokers fees? ballpark?
    and CGT at my current tax rate?

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