I advise on the legal and taxation aspects of property as a lawyer and the loan aspects as a broker. But I have no connections with developers other than having a few as clients.

I don’t deny that.

A licensed person that you engage to find a property that meets your requirements.

data bases are not like rent rolls. a rent roll is a business you can transfer. a database is a list of names which were collected for one reason or another, usually without the expectation that the details would be sold to third parties.

data bases are not like rent rolls. a rent roll is a business you can transfer. a database is a list of names which were collected for one reason or another.

Consider a buyers agent?

Thanks Bjoern.

Bjoern, what is the fee that this mob charge to sell you a property? Did you ask them how much the commission they also receive on the sale from the developer?

Good work Bjoern. beware of sales people using the word ‘mentor’

You should aks your accountant 2 questions:
1. Why
2. Are you wanting me to spend $10,000 to get back $1000?

and maybe a third

3. Are you an idiot?

If off the plan you have the ability to settle in different names than the contract and do so without extra stamp duty. get advice on s42 Duties act wa.

No thanks.

in WA transfers can be made without duty where the property goes from 1 spouse to both spouses equally if the property is the main residence.

Plan ahead for some strategies.

leads for what? Selling property, broking, tax?

You could put money in an offset at any time.
Keep in mind you would want any cash in the non deductible home loan. Even though the interest may not be deductible now for this property, it can be used to reduce CGT upon sale.

1. Wouldn’t have advise that you do it like you did. You are both exposed by going on the contract jointly. OTP is very risky and if you cannot settle you will both be sued. You could have done the contract in one name and then settled with 2 on title or 1. More flexibile and less risk.

All owners need to be on the loan, but where 1 owns both…[Read more]

1. impossible to answer without information. Keep in mind negatives tend to become positives (otherwise no point in investing)

2. Only a legal owner can mortgage the property. I think you mean ‘loan’ here. Yes with some lenders – but should you?

3. If you are spouses the interest may be deductible to the legal owner even if both on the loan TR…[Read more]

Thanks D.T.

wow, great posts guys.

D.T. do you find properties for buyers – like a buyers agent?

it will vary depending on whether you are living in it or not. It would be unusual to have no rental income unless you are living in it.

You could have deducted the capital works costs if it was a rental and the property structure (etc) was built after a certain date – 1997 i think. In this case it needs to be added back when you sell, even if…[Read more]