Recent content by shooting star

Does it really matter If it is a valid way of making a property positively geared or neutrally geared for the purchaser - does it really matter that it may or may not be a HK scheme or not. If it works who cares!!!!

Double the Market Rent There are a few reasons why they want to pay double the market rent 1. the tenant really wants to live in this house and wants to provide an incentive for someone to buy it and rent it to them. 2. the tenant also will ask the purchaser if they can furnish the home...

Hi all I have a rental property in New Farm Brisbane. $600K house fully refurbed small queenslander about 100 years old. Immaculate condition. Fully airconditioned. Fully secured. Landscaped gardens. Close to everything. Seller will probably accept offers from $550K and up. New...

Can anyone tell me if the following is true. Under the Brisbane City Council By-laws if under normal circumstances a block of land cannot be subdivided (because it is too small) you may still be able to subdivide if you apply for Building Approval first. Then once the property is at...

I understand that in Vic a way of reducing stamp duty on large purchases is to split the contract. (ie: one contract for the land component and the other for the building). That way you only pay s/d on the land. Is it possible to do something like this in Qld. Thanks Shooting Star

You guys are great. Thanks for your assistance. Problem solved. He is finally seeing sense in relation to the bridging loan. Thanks Kate

thanks for your reply Mike. My father WILL NOT UNDER ANY CIRCUMSTANCES take out a loan on to buy his mother's property. Trust me I have asked him to do this more than 10 times. I do not know the wording of the will but what I do know is that there are 4 beneficiaries and one in particular...

Under no circumstances does he want to borrow. We have had some heated discussions about this. He is from the old school and wants to pay cash. If anyone knows about wrapping could they tell me if it would be possible to wrap this property? Thanks for your responses so far they are...

When I was 23 my father assisted me in purchasing a house. Which I live in. The house has a mortgage on it for $140K and is worth about $240K. My father's mother recently died and he needs the money he lent to me back so that he can buy her house from the estate. I owe him a total of...

I am thinking of getting a group of people together who can all go in together to buy the whole Queensland Database. The more people the cheaper it will be. Contact me if you are interested. Shooting Star [email protected]

Yes it is me again. I am short $20,000.00 on a deal. I need the money asap. I will sign any necessary mortgage documents and give any necessary security. I will also pay 25% interest on the money which I will only need for 3 months. Banks will not talk to me about this as the time...

I am looking for assistance with various property deals. I have a system that allows me to see good renovation properties before they go on the market. I have a good relationship with a number of real estate agents and they let me know about properties that have had appraisals done on them...

I'm Back I apologise for my absence, I have been away in Sydney doing some business and attending the Anthony Robbins seminar so have not had easy access to this website. Thank you for the responses posted on this thread since I last wrote. I will attempt to answer the questions placed in...

Hi Michael G In answer to your public liability question - I have absolutely no idea - to be honest until you mentioned it I had never even considered that issue. Probably best to consult a solicitor in relation to that issue. As far as the figures go I don't quite understand what you...

Michael Thank you for your questions. The anser to the investor receiving their return in 3 - 6 months is that is how long I anticipate it will take to on-sell the packages and we get the profit when we settle on the land portion of the packages. I never said I build homes on the land...