Forum Replies Created
hi Richard, it'll be situated near the city probably around 10mins drive. it'll be a semi most likely. would the 90% attract a much higher interest than norm and less flexibility?
well i speak from no experience of my own, im 20 and just about to get into this property game, but from what i gathered. say u have 20k of ur own, u set up a trust with u as the trustee and one of the beneficiaries (need another beneficiary if ur to be both trustee and b.) then u put ur 20k into the trust from which the trust then buys the IP with the 20k as a deposit. So in essence, the trust owns the IP but passes the benefits to u, eg rental income or negative gearing since ur one of the beneficiaries, also the IP is protected from lawsuits through the trust structure. But check with someone professional as to which trust structure best suits ur needs and goals as theres no one fits all trust type.
sorry linar, i meant, would i be entitled to fhog when i purchase my principal home in the future if i buy an IP now through a trust.
nsw most likely
hi wdemirdonder, u asked earlier whether your mum could buy the property first then later transfer it to you so u'll still be entitled to the fhbg. its all smooth sailing until the transfer part, if u did it like that then you would have to pay stamp duty and possible CGT. im still learning too but i think if you initially set up a trust and ur mum took out the loan and use the money so the trust buys the property, you'll enjoy all the benefits as if you bought it under ur name plus u still have ur fhbg plus if u did it through a unit trust then u can claim any negative gearing.
Pat
SteveMcKnight wrote:companies don't get access to the CGT discount,
what if if you have the company as the trustee of a trust, would u get CGT discount then or am i totally off track here?
lol now we're on the same page.
education gives us options, the more educated u r, the more options u'll have. as opposed to ppl say 100 years ago, education for the middle or poor class was near impossible to obtain the level we have now. people are more educated now, our living standard is way better, general well being is better, life expectancy is higher…. so whats ur point?
but what u said in ur last 2 sentences i agree totally. but u can not not take into account the amount of charity works thats being done. u cant just look at the bad side, rather the whole picture
blogs wrote:ume wrote:it mite be very well true, but the situation is different to the 80s, ppl are more educated now, more financially stable and government interventions are more effective so to speak. well thats only my opinion anywayPeople are more educated now?? This would have to be one of the more frightful comments-thanks to the media everyone is an armchair expert when it comes to property these days EXCEPT they all 'KNOW' that property will keep increasing at 20% a year!! AYou are one of the few who have even bothered to ask the more experianced people out there what the past was like. WHo knows property might just continue up forever, but if our current debt levels are anything to go on I highly doubt it. We have experianced unprecedented highs, which will most likely be followed by unprecedented lows.
Government are more effective? Nope there a scared poopless at the inflation geanie that has been let out of the bottle
when i said ppl are more educated now, i was referring to education as a whole not just on the property investing spectrum. e.g. how the education system for kids are better now, how a teenager now a days receive stimulants that ppl 60 years ago would take a life time to receive, new theory and knowledge to pass down.
and i said government are more effective now to some degree. compared to previous times, especially with the technology we have in telecommunication etc, its easier and more effective to implement policies, lessons learnt from history, better knowledge and development into policy making all makes the government more effective than previous times. that said, i want to make it clear that the government overall are not effective, and i dont thi nk they are, but in comparison they're more proficient than previous eras
i tend to agree with milly, that recession is short lived and if we have the capital to pull through this, then this should be a profitable period for us investors with the bargains to be found.
it mite be very well true, but the situation is different to the 80s, ppl are more educated now, more financially stable and government interventions are more effective so to speak. well thats only my opinion anyway
point taken yarpos, perhaps it is better to leave the 4 separate cubicals alone, it just wont be very pleasing to the eyes, will try to do what i can.
As to the reason why i want to extend family room to the left is because right now the family room, lounge, and dining room mite be a good size when all added up but by themselves, it makes the rooms feel very small. so i was thinking by extending the family room to the left, it'll result in a larger living room that would be more spacious and structurally better and i can turn the dining and lounge room into 2 rooms say a guest room and a games room. that way it should add value to the house balancing the costs of the extension, roughly speaking.
the kitchen is small as it is and enclosed, but to move would cost a lot so will try to 'freshen up' for now.
hey milly,
yeah i'll definitely ask the agents about those questions, however, do they charge you or give the information willingly as they want to secure a potential vendor?
thanks guys
pat
hey blaze, in ur excel calculations the figures you've assumed is a bit bias towards renting
if you were to invest in growth properties ideally the average growth p.a. is 10% at least.. whilst the rental returns in ur calculations are pretty much as good as it gets. nonetheless it clearly shows the tieing up of cashflow for capital gains.approved **
hey blaze, how many LVR% were u approached for? and how much expenses are you paying if you dont mind me asking?
thanks for the warning vstar. i suspected much but wasnt entirely aware of the rules and regulations there. obviously u sounded VERY distressed and i dont blame you, i stayed at a hotel once and yes you could hear next door snoring, and its a nightmare cant imagine it 24 hours 365 days a year.
i was going to check it out in person and try to find any faults, but i thank you for confirming them for me.
But as you know Sydney being sydney is so expensive and all the other units (1br) are at least around 350k… but i'll try to look around, thanks for the heads up. much appreciated
just out of interest, what LVR did you manage to get or approved for unilodge?
pat
oooo your good vstar, yeah i am considering unilodge at broadway. i am aware they're harder to sell but dont really know any other pitfalls, if you could please enlighten me. thanks
hi Vstar, i am indeed thinking of purchasing. mainly so i have somewhere to live in sydney and it'll be close for me to uni. and i suppose an ip after i graduate.
lol the second post is a lot more soothing to hear. thanks richard
say around 45sqm and a student accom. apartment, what would the LVR be for that Richard?
if you were to invest in growth properties ideally the average growth p.a. is 10% at least.. whilst the rental returns in ur calculations are pretty much as good as it gets. nonetheless it clearly shows the tieing up of cashflow for capital gains.
