Hi Derek 

You have addressed those points well. 
Can I make a suggestion for your website. I think having the start to finish process/procedure on your website would add a level of transparency and also help people to get to understand the process. I'm sure you already explain to people how it works when they call or inquire. But even as a first…[Read more]

Most vendors have no idea what a option is to begin with and then begin to run a mile when you try to get the agent (who also might never have done it) to explain it to them. I have had plenty look at me and think I'm trying to pull one over them.
How about just security substituting the loan. Although restricting you to a similar amount, you can…[Read more]

They could be selling the property on tender. If so then realistically you do only get one chance to put in your best offer as all offers would be presented to the vendor at the same time. Yes it is a blind auction but they are allowed to do it. If they are not selling on tender then that is the really frustrating bit. When they hold your offer…[Read more]

Was it just that fact that the timber frame structure supporting the garage was broken? Or is broken timbers just broken pieces of wood?

Desired income – 150k per year
Capital needed at 8% yield commercial property – 1,875,000
Solution – make $1.875 million. 

Its like when a obese person asks how lose weight. Eat better, Exercise more.

Its the How and why should i do that are more pertinent questions. Information is everywhere, this forum is full of it.

1) Use another avenue for the lending (eg if your dad is cashed up outside his superfund and can lend all the monies to the SMSF that it requires to make the purchase.  Note however there can only be one lender per SMSF property, so if your dad himself is the lender, he can't then get additional cash for the SMSF property from a bank)
2)- Buy the…[Read more]

a

If you have time up your hands and obviously a bit handy. Obviously ex housing fibro homes very easy to pick that its a fibro. You could spend 1k on 30-40 sheets of blueboard (hardiflex, villaboard etc) blueboard the entire outside of the house, then use 20 buckets of cement render and render the whole thing. 3k total spend. honestly some people…[Read more]

The quickest i think for me is 37k after a 5 week renovation during early access. Had to bring forward our settlement so the new buyer could purchase it.
"Put the Nundah Bowls Club under Option subject to a DA and paid less than a $1M."
How much did you have to pay for the option fee for that ? Is there a accepted minimum option at that level or…[Read more]

I agree with Nigel. Couple weeks will not hurt. University doesn't start till march does it? So plenty of time. 

jmsrachel wrote:
Richard, just out of interest why would the valuers report be changed to the lower price?

The bank would go with the contract price and not valuers valuation. He could of bought extremely undervalue say paid 300k for a house that gets valued at 400k. The bank would go that is nice heres your loan for 300k.
But if he knew he…[Read more]

Good effort and good work ethic!

Id be interested to hear how long they lock away your equity for after the completion of the project.
Then after that id be interested to hear about how you go about refinancing or using your equity out of the project to 'kick start' your journey if there are multiple finances coming from individuals.

I think the 5 year period of gst only starts after the completion of the dwelling and that its been signed off. so it could technically be 6 years if you built it with a 12 month build contract.

Correct me if I'm wrong I understand the margin your calculating  being 630k-530k – 100 k 1/11th being 10k.
but there's going to be gst credits for alot of the work to get that piece of land up for sale.. So a lot of that 10k payable being able to be claimed back after bas statements sent in 

The gst wouldn't be 10k if you were selling the development on the margin scheme, it that scenario it would more like 1.3k 

I guess that would imply that the sole beneficiary ie the family trust gets 100 percent of the income if it owed 100 percent of the units and therefore the family trust would then split up income anyway? Quite strange how they come to these policies.

Terry, I guess if this lender was to only lend to unit trusts over discretionary trust. What happens when it's the family trust that owns the units of the unit trust?

Are these adult beneficiaries the ones listed on the trust deed. Currently I only have myself as the sole beneficiary with the trust deed allowing for other family members companies ect to be beneficiary. Antonio if you could pm those details it would be great. 

If your building units. Most likely you would have a joint roof line so you wouldn't be able to build them independently