Total Members: 159,196

ume

  • ume replied to the topic lo doc LVR above 80% anyone? in the forum Help Needed! 16 years, 9 months ago

    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?

  • ume replied to the topic Only 17, where do i start ? in the forum well i speak from no 16 years, 9 months ago

    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…[Read more]

  • ume replied to the topic fhbgs in the forum Help Needed! 16 years, 9 months ago

    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.

  • ume replied to the topic fhbgs in the forum Help Needed! 16 years, 9 months ago

    nsw most likely

  • ume replied to the topic Only 17, where do i start ? in the forum Help Needed! 16 years, 9 months ago

    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…[Read more]

  • ume replied to the topic Some advice please in the forum Help Needed! 16 years, 9 months ago

    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?

  • ume replied to the topic recession + property = ??? in the forum General Property 16 years, 9 months ago

    lol now we're on the same page.

  • ume replied to the topic recession + property = ??? in the forum General Property 16 years, 9 months ago

    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…[Read more]

  • ume replied to the topic recession + property = ??? in the forum General Property 16 years, 9 months ago

    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 anyway

    People are more educated now?? This would have to be one of the more frightful comments-thanks to the…[Read more]

  • ume replied to the topic recession + property = ??? in the forum General Property 16 years, 9 months ago

    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.

  • ume replied to the topic recession + property = ??? in the forum General Property 16 years, 9 months ago

    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

  • ume replied to the topic to change or not to change? in the forum Value Adding 16 years, 9 months ago

    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…[Read more]

  • ume replied to the topic student accom. apartments in the forum Finance 16 years, 10 months ago

    hey blaze, in ur excel calculations the figures you've assumed is a bit bias towards renting :P 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.

  • ume replied to the topic student accom. apartments in the forum Finance 16 years, 10 months ago

    approved **

  • ume replied to the topic student accom. apartments in the forum Finance 16 years, 10 months ago

    hey blaze, how many LVR% were u approached for? and how much expenses are you paying if you dont mind me asking? :)

  • ume replied to the topic student accom. apartments in the forum Finance 16 years, 10 months ago

    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…[Read more]

  • ume replied to the topic student accom. apartments in the forum Finance 16 years, 10 months ago

    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

  • ume replied to the topic student accom. apartments in the forum Finance 16 years, 10 months ago

    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.

  • ume replied to the topic student accom. apartments in the forum Finance 16 years, 10 months ago

    lol the second post is a lot more soothing to hear. thanks richard

  • ume replied to the topic student accom. apartments in the forum Finance 16 years, 10 months ago

    say around 45sqm and a student accom. apartment, what would the LVR be for that Richard?

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