Hi Ivan
Can I use my personal name(i.e. as individual) as trustee for the time being while I get a company set up and then switch trustees later from my personal name to that of my newly formed company?
Cheers
Nathan
Jamie M, I'll find out about the fees general and I'll get back to you?
Wilko1, what do you mean owner of the building? All of the units are separately owned by individuals, couples or other entities. Wilko1, am I missing something here?
Thank you Ryan for everything you said. I will be looking into everything you mentioned.
Scott No Mates, the rent is set to drop by a third in may because of the pull back in mining. The fees aren't usually that high but it is a concern. I am looking into it. Thank you.
Ok alfrescodining. I have identified a rough price for what the back block would sell for with a unit on it, and I have also identified an agent that could give me the sold price for a 330 sqm vacant block. How do I find out what I can sell the front block for? The one with the original house and land?
I have to do my taxes before the accountant will sign the accountants declaration for the other property that I am refinancing. This same accountant is doing my tax returns for me.
I'm afraid that by the time the first loan settles the rent on my second property would have dropped thus leaving me in a position we I could not qualify for finance because of lack of serviceability. I've been thinking that considering 75% of $1000 is $750 = $39,000 and the mortgage repayments would be ~$20,000 then there is plenty of serviceability.
Hi guys
Thanks for the replies.
Yes, it is just me. No visitors, customers or any of the sort.
But I’ll give council a call just to make sure.
Thanks for the heads up.
The General