Recent content by simbi99

Yes so basically all it is, is an extra form attached to the planning permit. It then gets advertised just like a normal planning permit and is of course open to objections Not a massive thing

Need some strategy advice Currently own two properties, a unit and a house both rented out. I don't earn much money yearly as I'm only on about $20 an hour ( still in uni) My question is should I save money to build another dwelling on the rear of the property in which I currently own, or...

Can you begin to plan the building while they are in the house, such as send planners to the property ect?

I currently own a property in which I wish to build on the back of however the property situated at the front of the land is currently tenanted am I able to build a second dwelling at the back whilst they are still living there?

Definitely fall in this category I make under 35k per year due to uni...(zzz) Saved up two decent deposits though and just purchased my second property (one unit, one house) Paying about $1000 out of my own pocket each month so properties are serviced easily. Looking to build on the back of...

Well exactly, whats the cut off for different people? When do you pull up a deck chair off the coast of Cuba?

I guess my next question then is, when do you cash in? When do you cash that 5 million dollar portfolio in?

Because at some stage would you not want to cash in and enjoy your labour? Not much point carrying debt until you die?

That's pretty fair enough! I guess as long as your debt is not effected your borrowing capacity it's not too much. However at one stage or another, you hve to sell out of debt? I guess that point is different for everyone. But you certainly don't want to be 2 million in debt at 50

Great point! I guess it all depends on your attitude towards debt and how much risk you can take on. If the strength of your assists have weight you can send the chickens to roast Amy day you like

My thoughts exactly if the debt can be serviced without trouble you shouldn't have a lid, just wanted to know if it was the same thought process all round

A pretty hard question I think? How much debt do you carry? How much debt is too much debt? I guess it varies as to where you are in the buy/sell process. If you have just built and are waiting to sell developments $1mil+ Debt isn't too far off the mark. Anyway where do you draw the line?

Hence the reasoning for picking a spec builder to handle all the nitty gritty council stuff from permits to dispensation to drafts all the way through to the build

Two words, we all want it, tax minimisation. What are the best ways to legally reduce your tax (in particular CGT) on your IP?

That's what I was thinking, not being a builder though it's pretty alluring paying one company to deal with the process from council to keys