Hopefully someone will step forth with a good word?

Good points. In regards to nomination, if you don't specify 'and/or nominee' at the time of purchase then to transfer later may result in double stamp duty.Regards,

Hi,The forums at PropertyInvesting.com enjoy a good search ranking with Google.Therefore, companies where their name or reputation is questioned will seek to protect that and engage their lawyers to threaten to take legal action unless posts are removed.We are in a difficult position, as we want to be an information source for the community, but…[Read more]

Hi James,
Thanks for your post, and thanks Terry for replying.
I receive a lot of requests for help and further information about trusts, so with this in mind I've drafted up a reasonably comprehensive answer that I hope helps members.
==========BUYING PROPERTY==========
Most people who buy property use a portion of their cash reserves to fund the…[Read more]

Hi James,Thanks for your post, and thanks Terry for replying.I receive a lot of requests for help and further information about trusts, so with this in mind I've drafted up a reasonably comprehensive answer that I hope helps members.==========BUYING PROPERTY==========Most people who buy property use a portion of their cash reserves to fund the…[Read more]

Be aware that Dean & Elise are working on Reno Toolbox II. It is still about 3 months away at the earliest though.

Hi,You should be able to buy the game from http://www.powwowevents.com.auThe -ve cashflow cards are there for those who want to speculate on growth. In the US, it is much easier to buy +ve cashflow properties, so why would you -ve gear? Things are different here as property prices are a lot higher relative to rents.That said, I made my fortune on the…[Read more]

If memory serves me correctly you have a number of years in which to live in your father's house and still be able to claim the RROP exemption against your own home. Quote from the ATO website: see link If you do use the dwelling to produce income – for example, you rent it out or it is available for rent – you can choose to treat it as your main…[Read more]

Hi,Normally when doing renos as a business, there is no capital gains as the entire profit is treated akin to business income (that is – like salary for businesses).When doing renos as a private investor you could probably do one or two every few years, but after that you would have an argument with the ATO to say you were not in the business of…[Read more]

Hi,If you're in WA and are looking to do renos in central Vic I have to ask why!?!If it's because properties look cheap then I would caution you to watch out against false economies. Trades in central vic can be hard to find and can be expensive. Furthermore, if you are trying to manage the job remotely then you will face additional time and…[Read more]

Gosh.That's a complicated and tricky question.Let me get this right… you want to buy a property off the plan using a deposit bond, and then you want to assign your right to purchase to a third party and then get them to take over your deposit bond, or get a new one?Hmmm.A couple of thoughts:1. Make sure you can assign the right to purchase in…[Read more]

Hi,Sites of this kind with a good tenant usually attract strong bids from institutional buyers.I would call the agent (and commercial agents in the area) to ask what yield similar properties have sold for.That said, agents are telling me commercial yields have softened over the past 6 months, but that there is not the volume of sales to confirm…[Read more]

Coming back to the question again….Who knows where the government is at with policy issues. I would have thought that Trading Emissions is a higher priority though, at least until interest rates rise further or we get closer to the next election.I am in favour of tweaking the tx rules on NG. My suggestion would be that you can no longer offset…[Read more]

Hi,I disagree about the deductability of interest on land.Provided the land was bought for investment purposes – that is, with the view to making a profit – then why wouldn't the interest be tax deductible?To quote from the tax ruling 6. The deductibility of interest is typically determined through an examination of the purpose of the borrowing…[Read more]

Hi,It's good to ask questions and I always encourage it.First up, with the start of the latest RESULTS program, a lot of my time is being spent writing materials and answering questions of late. You will notice though that I did a short 5 min video about my thoughts on the current property market.I'm also making good on some long awaited promises…[Read more]

Hi,You've made a good first draft. Some comments to help you improve include:1. Headline needs to be shorter and punchier. Example: Hands Up If You Want A Great Investment?Remember the headline exists to attract attention and to help you stand out from the noise.2. Hmmm – not sure I would use your first line as a leader. What if I'm not…[Read more]

Hi,I recommend you read this site: http://www.propertyinvestment.net.au/tax-deduction.htmStamp duty is a capital cost and added to the value of your property. Lender's mortgage insurance is a borrowing expense and can be written off over the shorter of the life of the loan or 5 years.Cheers,

Hey Jason,Welcome back to the site.Okay, some ideas for you…1. Do you remember who your solicitor who handled your purchase? S/he will have a file in archives that they can pull and find out the information. 2. You should be able to get the rates you are after by getting in touch with the NSW Office of State Revenue. Their contact number is…[Read more]

Hey Jim,Sounds like a golden goose deal. Well done.You would be best to see an accountant here, but I think that provided you bought the property as an investment with a goal of making a profit then the fact that it has gone up so much in value provides a reasonable argument for claiming the interest on a loan used to buy that investment…[Read more]

Hi Dan,My first comment involves making sure that you use the right terms when dealing with the bank/lender. The situation that you describe above is not vendor financing. What you have described is a second mortgage arrangement.Vendor finance as such is a form of funding where the seller (vendor) holds some or all of the sale price back in the…[Read more]