Thank you for all the comments so far.
I would like to clarify that he is capable of handling his affairs in a general sense but does not have the capacity to self learn and become "an investor" to better invest his 400K other than banking it. Don't have to worry about him spending it in...
Hi,
I am posting this question here as this is a property forum.
Hope some investors here with relevant experience will give their opinion.
I have a relative late 40, single, wage is about 40K. He has just been inherited I think about 400K and he does not know what to do with it other than...
I was in ParaHills, moved to Burnside to be close to good schools (Burnside Primary , Marriatville are 2 great public schools) .So the money i would have had to pay for private schools was used to pay for a more expensive house. Did not move there to be close to inlaws but actually moved the...
Had similar experience about 8 years ago (though not over a Merc), the voice from the back seat was our son's at his uni years. Very happy that we can now say the same thing back to him. We are very lucky indeed.
Thanks very much Rob I think you have answered my query very well/ clear.
True I don't understand what a "fully commercial loan" means , and that there are different types of them... I will go find out.
As for the red text above re part IVA , I understand it is only a concern if the house...
Looks like Boarding houses can be classified as 'business real property'. ?
I am wondering if it is possible to sell them to SMSF if they are under a family trust currently ?
http://www.ato.gov.au/superfunds/content.aspx?doc=/content/00138072.htm
What connection is required between property...
Hi Pkin, I am in Bris and I am happy with my accountant (I have some IPs under personal names as well as some trust structures). However I am not sure if he is experienced with IP development. You could contact him to find out (but he is away currently for another week). If you would like to...
tpw, I can confirm that prorata CGT is correct as son went through similar case. He stayed there where property was on the moving up and when it was rent out not much move if not going backward....
I used to think that we could do a formal valuation just before and after the rentout period to...