Terry, 

Correct me if I am wrong.

I thought that you can transfer 50% to your partner/spouse free if stamp duty in NSW as long as it is intended to use it as PPOR

Hi Colin, i too was thinking it would be as simple as that but the bank informs me that this is not possible because for interest only loans the amount is always a differing amount each month they won't know how much to deduct plus there is a 3 day delay from OFI so they said it's not possible?

im just trying to think how utility companies direct debit for electricity bills with differing amounts but the bank cannot?

Hi guys,

I almost got burnt by my last tenant

I  self Managed and he stoped paying and then wouldn't move out. Made up BS excuses.  Followed RTA.QLD  website, did the right notices and evicted him but he was still there.

Lodged a dispute. Who knows how long they will take to reply.

A couple of days past and I thought I would have a look to see if they were still there. No car in sight but lights on.

So I knocked on the door and the Tenants mate Answered. Tenant was not there.

I called the police saying, the truth as always,  I dont know who is in my apartment but the tenant was evicted last week. Its not him in the apartment, and they were evicted last week. There is possibly damages done, or maybe this guy is a squatter, he said he was a friend of the Tenant but it looks like he may be living there.

The police were great. They said they would have a look, find out who he is, and have a look around. (possible damages, no need for notice).

Well the guy answered the door for me in a flash but didnt open for the police. He was hiding stuff or something. We entered. they found some Marijuana, and scared the crap out of this guy. But being nice police they didn't charge him. The tenant was due home from work but didn't come. Police didn't want to kick the guy out as his young Daughter was upstairs. (Stuff the guy but a kid is a kid, pity she couldnt have a better father). Told me I could go to the Courthouse for a Warrant of Protection, and that it would get processed quickly.

The next day the apartment was dirty but empty.

He moved his furniture out of the house but in unsecured carport.

Can I take it?

Its abandoned? He still owes me $1000 Plus New Door, Locks, and fees to clean the place. There is no bond left. I want to take his stuff till he pays because going to court will take 1-2 months, then he still may not even pay.

Im curious as to if I can keep his stuff, however this story is here to Thank the Police a bit, there is so many horror stories, the Police really want to help. and hope for anyone else that gets into similar situation.

Happy Days.

However im only partially comfortable about "Who" to go and see first to set this up?  A lawyer? An Accountant? or Financial Advisor? If the answer is the Accountant, should i use my current accountant? I already have a family trust that has purchased one property and my current accountant knows my situation well. (sorry as im not sure if this is a silly question).  Similar should i be using the same finance broker? or should i split up my lending?

Sorry for so many questions.

/quote]

You will need financial advice, so I would say a financial planner should be the first person to contact. Decide whether you really should set up the SMSF and what it will invest in etc.

Then you will need legal advice on the terms of the trust deed, how to structure the trustee company, who should be director, shareholder, terms of the constitution. Also consider control of the company upon your death or incapcity etc. You will also need legal advice on who should enter any contracts and under what conditions.

Then you may need tax advvice, but the fin planner may be able tp provide the basics.

At the same time, or just after set up, contact a mortgage broker to get the pre-approval in place.

Then one you have found a property contact the lawyer before signing, get the contract reviewed, get finance fully approved and then exchange contracts.