Recent content by rando

  1. R

    Good Accountant needed..

    Hi everyone, Happy New Year. Just wondering, does anyone have a good accountant in Gold Coast/Brisbane region that they would recommend? (My new year resolution ~ :) ) would prefer an accountant who's good with trust/tax structuring for investment properties please? and it'd be a plus...
  2. R

    Finance for NRAS property

    Thanks Euro!!
  3. R

    Land tax issue

    Thanks RPI for the suggestion. Is he on Somersoft too? thanks
  4. R

    Land tax issue

    Dope! Why did I move up from NSW!! Thanks for the clarification.
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    Finance for NRAS property

    Yes, at Bowen Hill/Fortitude Valley
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    Land tax issue

    Hi Terry, thanks for the input. So, just would like to clarify, so are you saying land value (for the $600k threshold) for old/established properties is calculated on the unimproved value of the land at the time of purchase and does not increase even if the land value increases? thanks
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    Land tax issue

    Thanks heaps, I will ask.
  8. R

    Finance for NRAS property

    Hi Redom: Thanks a lot for your input. I think they are all valid points and what I've tried to work out with my due diligence for the purchase. I think that's why I'd like to seek professional help from a very experienced broker in this scenario as well as an accountant who's good at...
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    Finance for NRAS property

    Thanks Shahin_Afarin. I am getting a brand new unit but the building has already been completed. So I do have a finance clause in the contract, and from the REA it seems like other units he's sold in the apartment seemed to have all valued right on the purchase price. but I will get the bank to...
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    Finance for NRAS property

    Thanks Property_girl. May I ask why? I have done a bit of reading on NRAS and have heard about pros and cons about it. The cons are mainly the risk of buying something that is overpriced, and also tenants with lower income. also issues with getting a finance approval. Would appreciate your...
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    Land tax issue

    Hi everyone: I'd like to seek help about my current land tax situation. I am based in QLD so I understand that I have a 600k threshold before I have to start paying land tax for my IPs. I am currently not far off the threshold as I purchased a property with a quite high unimproved land...
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    Finance for NRAS property

    Hi SS brokers: I am thinking of purchasing an NRAS property and realize some of the banks have restrictions against this type of finance. Because of my profession I can usually borrow up to 90% LVR without LMI, which I have done for my previous IPs I would like to seek help from a broker...
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    buying an OTP with SMSF?

    Thanks guys for the feedbacks! I guess my situation is, i saw an otp apartment which seems quite good as an investment, but we are hesitant to take deposit off our savings as it is offsetting for our own home. So I was thinking what if we use the money in our super instead? We have about...
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    buying an OTP with SMSF?

    Hi everyone. I've got some questions about SMSF: is it possible to purchase a property, let it be an existing house/unit or OTP unit, under SMSF, and using SMSF to pay the first deposit 10%? if so, what would happen if it's positive gearing or negative gearing? do I feed in the SMSF...
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    Good tradies for renovation?

    Hi all recently am thinking about doing some Reno for my investment property, and am wondering whether there is any carpenter, builder, painter, building deck builder people would recommend on gold Coast? I need to repair and possibly rebuild a pergola at rear as the roof seems decayed...
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