even if you rent or live with parents you still live in 1 home.

Ok yes i prob should of added in that I DONT RECOMMEND that for beginners.

Ill just add that for the top part of most of the spreadsheets.

most people live in 1 home
and have 1 ppor

and if you click on the negative gearing tab to take  you into were you can determine if you own properties 50 :50. tennants in common, putting 99% of the gearing…[Read more]

I have 2007 ones that i have compared at Nab westpac and cba that they are still 99% the same. The only difference with cbas and nabs new calculator is they have more data slots to enter in available loans. Ie i think they only have about 10 in this one but in thier ones they have 20 or so. So you can imagine once you get a credit card a car loan…[Read more]

If you send me a PM with your email i can send excel files for every major bank that calculate serviceability both payg and self employed. It has been so valuable to me being able to determine if i can afford something before i make offers.
Its also useful in putting in different scenarios. ie changing rents etc (i don't think im suppose to have…[Read more]

Well its been over a week now since i got the old lawyer to type up a quick letter  and post the cheque for the original quoted amount of $4400.  No reply yet. Ill wait another month i think i can say its all clear. It was a nice strong letter.

what structure did you do the development in ?  company, trust, personal name ?

If you were starting out trying to research how to do a reno successfully. I would try for a 2nd hand copy of dean and elises renovation guide.
a couple books throw in
start small, cheap house, inexpensive reno. Don't tackle something that is completely out of your depth If you are absolutely green.
and you wouldn't get into the reno fullstop if…[Read more]

Well I thought a agreement was made.
they came out looked at the job. Said it would cost between 3.5-4k I said that's ok we shook hands. They started work 2 days later. If the job changed or was more difficult I would expected to be contacted, ie we have hit rock it's gonna cost a extra 1k I would then say yes or no. 

The quote was for plumbing. A new sewer drain to be installed. 
The materials used where 20-22m of 100mm poly pipe.
4 y junctions, 2 corners, 1 head vent, 4 rubber joiners. 2 ip covers.
these materials you can get retail for under $400-500. So I was a bit shocked with materials 2.3k
and labour. Wow I should of been a plumber. $88 a hour. – $704…[Read more]

And you get to keep the paint sprayer. For next time 

Airless paint sprayers online for like $400.
Spring white paint at bunnings /masters -$70 each, 3 rooms prob need 3x 15L tins. That's $210. (They can tint this paint also)
Blur painters tape, gafe tape and builders film to cover windows floors anything else, $150.
Total $760.
could spend 4-5 hours with good prep.
1-2 hours spraying 
1 to Pack up…[Read more]

If you are buying the property outright in cash.  Why do you need a loan?
If you have been self employed for 2 years there should be no problem getting a loan.
some banks will also accept 1 year self employed 

It depends if you then repeat the process again and again In business like fashion. 
1st time your ok with the CGT free
2nd time you would prob be ok as well.
but if you've lived in 3 houses and renovated, sold and claimed the PPOR  CGT exemption in 3 house in a year they would prob say you are in the business of…[Read more]

That's what I was trying to identify with before . Investing your smsf cash into  unit trust of a reputable and reliable 3rd party developer/builder. You still get a slice of the pie. And for alot less effort and also a lot  less risk of not completing the development  due to funding difficulties. Because as freckle said investors provide seed…[Read more]

You would be able to put your own cash and smsf cash into a unit trust as that would be a ungeared unit trust. You would not be able to put money into a unit trust and then further gear it via borrowings to be a geared unit trust as that breaks the smsf rules. You could only invest your smsf funds into a geared development if you use an…[Read more]

I think the bank borrowings would be the hardest part. Borrowing ie for construction.
I thought it had to be a independent 3rd party.
Ie your brother could contribute funds to by the land component of a development, whilst you use your income from your job/business to finance the construction and enter into a JV with your brothers unit trust (the…[Read more]

http://www.cavendishsuper.com.au/documents/Technical%20Bulletin/CavendishTechnicalUpdateSep05.pdf

This makes for some good reading 

http://www.cavendishsuper.com.au/documents/Technical%20Bulletin/CavendishTechnicalUpdateSep05.pdf

Is there A reason why you suggested 50:50 as the ratio of TIC or was it just a example. 

Operating as a business is a bit of grey area isn't it. For example you might subdivide and sell both house and land to move onto something else. When's the point when it stops becoming a realization of a asset and starts becoming a business?.  What if your smsf investment strategy was to do this once every 10 years.
 What did you think about say…[Read more]