Recent content by russell9

Thanks for all the assistance it was very helpful.

The devt houses are sold each year. The 3 rentals which I am after re-financing for were purchased back in 2000.

Hi, I have been developing houses as a full-time occupation for the last 5yrs. I have been using low docs for that period as I had the consideration banks etc have an aversion to property development as a sole source of income. My income is generally one large amount each year - when a...

I've looked at Kalka but found Marvilla Knight (marvillaknight.com.au) were less costly but same or better construction quality (note: I have no association with Marvilla Knight).

Hi, Does anyone know what happened to the Midwood Report? It was available a couple of years ago and seems to have disappeared.

Hi, I'm interested in what other brokers (or anyone else for that matter) thoughts are on the new credit reporting regime. Here's one brokers comments which I thought were worth posting: "STOP PRESS! Positive Credit Reporting... In George Orwells book Nineteen Eighty Four the term...

Hi, I have Martin Ayles Development Blue Print in good condition and would be willing to swap for Peter Combens course. How do you propose we do the swap - I am in Brisbane.

MYOB Business Basics would do the job - not the new version (AccountRight Basics) which is very slow; see if you can get the previous version. As a developer of houses I have been using it for quite a few years.

Just to clarify, can this be done in Qld as a transfer from an individual to a new trust or only trust to trust? Thanks.

I'm interested, do you have the answer that was given to the question or was the question the whole point. I've only seen John speak once, just recently, and thought the information night / briefing was excellent.

I have a Citibank Visa Platinum which earns 1 point for $1 and Citibusiness Gold which earns 1.25 pts for $1 (but is capped at 80,000 points, annual fee $130). These two are hard to beat in my opinion.

If you google "PS2001/6" it will explain what records the ATO says you have to keep.

Best way to establish it is to get some property managers around and get an appraisal in writing. Never know Tramampoleen might be able to get a property manager appraisal for $200 or a bit more. I've seen stranger things happen with appraisals.

The question wasn't about investing to reduce tax it was about simply reducing tax, so a couple of suggestions include: a. Have a look at other existing expenses that could be salary sacrificed and b. Having a look at any expenses that can be legitimately turned into tax deductions (of...

Hi, The following article is about the commercial property sector but I would say the section on high unimproved land values in Qld also relates to residential property. http://www.propertyoz.com.au/Article/Resource.aspx?p=21&media=1578 R6