Recent content by DealSeeker

Thanks.....

Bank Cheque looks very simple these days compare to in the past. And I read few years back people forge bank cheques and that's why bank cheque now takes a few days to clear compare to many years ago bank cheque get cleared in one day or almost immediately. But you made a good point that...

How long does it take for the registration of transfer of title after the settlement is done? Thanks

Hi, I have never sold a property before. When I sell a property during settlement,Let say there is a balance amount that needs to be paid to me after subtracting the bank loan... How will I get paid for that amount? I will assume be bank cheque or bank deposit. In the case of bank...

Really? How about a person owning a PPOR for ten years over that time he redraw on his loan to buy a car etc etc. At the end is still his home loan and then he converted it into IP. Won't he be able to use the whole home loan now as an investment loan?

Hi, I have this scenario. I have a PPOR fully paid and an IP on investment loan. My situation is that when I purchased my IP , I took a smaller loan and the rest was with my own cash. If I were to apply the loan today, the bank will give me another 250K loan. Now, I would like to...

Ok , Guys just had a technician went out to my IP, There is no line connecting to any of the sockets in the house except for one that is working. So its going to cost me $445 to have a line connected to a socket. So, already wasted $90 on a call out fee and now I won't go ahead. Anyone...

Hi, If I want to get my tenant to vacate after the lease has expired, Let say for purpose of argument the notice is 60 days to vacate. Does the 60 days notice have to start after the lease expired? Or can the 60 days be given to coincide with the lease expiry date. eg. if lease expires on...

Thanks All.

I'm not sure if the 2nd one is broken from day one. They move into the property for 6 mths happy with 1 socket then they installed ADSL and now wanted to use the 2nd socket? Probably I just buy him a splitter for the one socket. :) lol

Hi, I have 2 phone sockets in my Investment Property. If one is not working and tenant want it fix. Should the tenant pay for it or the landlord? Thanks

Sorry Guys, Back to my orig. topic. Can I confirm if I give 45% share to my wife (currently is 95/5 share between me and my wife) , will I be taxed for CGT or my wife will be taxed? Thanks

The Loan was under both our names. However for tax purposes we intentionally made the ownership on the title as 95% for me and 5% for wife. The Bank don't really care about the 95/5% breakdown as if they have no interest to know about it, Its more like we ask our conveyancer at that time to...

Just to confirm this point. CGT will apply right. So I pay CGT , however in the short term if property prices go down, So I end up paying CGT for nothing? So far from what I can see there's no free lunch, I have to get hit with something for not making the correct decision from DAY ONE.

Thanks all.