Forum Replies Created
not sure if he is just being lazy, or running the odds that 98% of people only buy one IP and therefore i dont need a trust.This is a fair assumption but the other possibility is that you don’t just put a house into a trust, you sell it to the trust from your name into the trustees name. This triggers a stamp duty and CGT event(and no you can’t sell for $1, it has to be fair market value).
Also if you have shares and want to put them into the trust sell them when the share price goes below your purchase price, that way you don’t pay CGT and you can carry a loss.
Cheers
Leigh K[
]Carve your own path and lead the way …
TP
We have a standard business practice of faxing our offer through were practical so no money is required until the offer is accepted. Then we only pay $1000 deposit. With the exception of an angent asking politely for a bit more. And no more money is required until settlement which the bank takes care of from my LOC.
Cheers
Leigh K[]Carve your own path and lead the way …
Tom
I don’t have moderator rights in that forum, so send an email to admin@propertyinvesting.com and they will be able to do that for you.
Cheers
Leigh K[]Carve your own path and lead the way …
Gee thanks guys, it’s nice to know you care [:X]
Cheers
Leigh K[]Carve your own path and lead the way …
Hi Tom
I used the search function on this forum and found your post within one minute.
Given the recent changes to the site you might want to keep the search function in mind for any further misplaced posts.
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=5350
Cheers
Leigh K[]Carve your own path and lead the way …
Looks like you two single fellas are getting along just fine … maybe Mrs Richmond has more to be concerned about hmmmm[
]Cheers
Leigh K[]Carve your own path and lead the way …
Hi Dennis
Hang in there, concentrate on the POSITIVE[
] and keep on posting your comments about property. Things will settle down again, you can’t change personalities so sometimes they clash, it happens here from time to time and is unsettling but all we can do is keep the forum moving in a constructive way.Cheers
Leigh K[]Carve your own path and lead the way …
Terry
That sounds like a really scabby thing to do[xx(]
I did that this year too[
][][][][]Ho Ho Ho
Leigh K[]Carve your own path and lead the way …
Folks
Better late than never, here goes.
(1) Tell your story of a Great/Bad deal, as a Buyer or Seller. It will motivate, educate or warn others. Funny, Sad, Good or Bad… all welcome. New to the Forum? Here’s your chance.
Oldies… add your bit… no holds barred.Gosh mine is pretty bland but it is the very first time I bought any real estate our PPOR, it was at auction and the agent said at the begining the house will be sold today as this is a non referal auction. I said to my husband “whats a non referal auction” he said “don’t know”. At this point you would expect we would have asked the uestion of the agent – but we didn’t, we just assumed it ment he wouldn’t be going inside to see the vendor. So we get to the end of the auction $3k under our budget we were wrapped, just as he was suposed to say sold he said “I’ll jsut wait for my instructions” – so we figure it mustn’t have ment that. He came back out and restarted the auction which got a further $4k out of us (oh well). Years later we found out it does mean that and we should have called him on it.
You live and learn.
(2) Suggest an idea for anything related to People, Property, Investment or Finance.
We should have access on teh forum to legal and finance experts.
(3) Ask the Question you most want answered.
What colour nickers have you got today?Cheers
Leigh K[]Carve your own path and lead the way …
Hi Scotty
I am will Mel on this, we use Dale GG. We libve in Melb now but next year we are moving to Syd (hills district) and we will continue to travel down to see Dale (Tax Deductable of course[
])He and his team are that good.
Cheers
Leigh K[]Carve your own path and lead the way …
Your first PPOR isn’t goging to be your last, so don’t get caught in the dream too much, use common sense even inthe purchase of your PPOR it is a good testing ground for keeping the emotions in check when buying a house.
Personally my vote is buy your PPOR first leverage from it to buy many investment properties and work up to the next PPOR from there. Well that is what path we are on, the sale of our house (hopeful sale) will pay out our line of credit giving us better equity in our porerties and allow us to buy up to the next one. Our progress will be slower than Del or others buy that is our plan.
BTW, get a plan and stick to it.
Cheers
Leigh K[]Carve your own path and lead the way …
Bill
Your sense of humour is as dry as that red you’ve been polishing … not suggesting you are a real boozer[
][}]Anyway you’re a bunch of nutters[
]Cheers
Leigh K[]Carve your own path and lead the way …
Funny how people don’t have a problem with buying and reselling immediately for a higher price, but doing the same thing only on selling through an installment contract makes us evil [}
].CHeers
Leigh K[]Carve your own path and lead the way …
Bill & Kay
Did you guys drink to much Chardy last night?
Cheers
Leigh K[]Carve your own path and lead the way …
Don’t know if I fully agree with needing a seperate forum board for it but definately a “DaleGG” moderator for such topics would be good.
Cheers
Leigh K[]Carve your own path and lead the way …
Sooshie
Your back, it’s lovely to see you. Can’t wait to hear about your trip. Hope the boys are well.
Cheers
Leigh K[]Carve your own path and lead the way …
Hi PeterM
Just wondering who you where refering to?
Cheers
Leigh K[]Carve your own path and lead the way …
Hi RAC28H
When I was starting out I would email agents from the links on realestate.com and found the same response. I was approaching them this way because I was afraid to call them in person.
But now I ring and prefer the mobile number because I want my answer NOW! Not after the message has been vetted by an assistant and then finally handed to a sales rep maybe a couple of days later.
Get in there, call them up … I quickly learnt they are just people like me wanting to make a deal. And always be honest with them … don’t talk s**t.
Cheers
Leigh K[]Carve your own path and lead the way …
Ah huh
i didn’t read your post properly, and jumped to the conclusion you were talking about NSW. Hmmm!
Cheers
Leigh K[]Carve your own path and lead the way …
ANUBIS
What was wrong with the land for it to be 9.5k for 3000m2 anywhere near Campbelltown?
Cheers
Leigh K[]Carve your own path and lead the way …
]
]
] and keep on posting your comments about property. Things will settle down again, you can’t change personalities so sometimes they clash, it happens here from time to time and is unsettling but all we can do is keep the forum moving in a constructive way.
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]
