Recent content by StevenO

  1. StevenO

    Books and Audio CD's

    Hello all (I hope I've posted this in the right section) I'm clearing out my bookcase and found a few items that might be of interest: 1. "Real World" Real Estate Workshop audio cd pack http://cgi.ebay.com.au/ws/eBayISAPI.dll?ViewItem&item=330354105408&ssPageName=STRK:MESELX:IT 2. "Tax...
  2. StevenO

    SIG Meeting January 31st - Guests Ed Chan and Tony Melvin

    Hi Dale, I've since been told they mainly do discretionary trusts and there's no major benefits trying to convert a Hybrid Trust deed. Thanks.
  3. StevenO

    SIG Meeting January 31st - Guests Ed Chan and Tony Melvin

    Obiwan, it sounds good to me so I'll definitely be looking into it further before my next property purchase. In response to my own question, apparently you get the full land tax free threshold per trust so it would be worth using a separate P.I.T for each property. From what I can gather this is...
  4. StevenO

    SIG Meeting January 31st - Guests Ed Chan and Tony Melvin

    I can confirm there will only be two of us attending now. To expand on my earlier question, I would like to know if there is any advantage to using the Property Investors Trust over a Hybrid Trust other than land tax. If you already have a property in your own name above the land tax...
  5. StevenO

    Hybrid Trust Vs "Property Investors Trust"

    This post by Michael Yardney has a bit more detail: Property Investors Trust
  6. StevenO

    SIG Meeting January 31st - Guests Ed Chan and Tony Melvin

    Hi. Two, possibly three, people at this stage please. I'd like to know what advantages/disadvantages this trust has over HDT's. Thanks.
  7. StevenO

    Trusts for Protection

    If anybody is interested I've cut and pasted an email from the Office of State Revenue about making variations to trust deeds. There is a summary near the end if you manage to get that far without falling asleep or scrambling your brain. It explains when stamp duty would be payable. I don't know...
  8. StevenO

    Tanilba Bay, Mallabula, Lemon Tree Passage - Future Potential?

    It might be harder to find a tenant with no pets allowed in the estate but if you like the idea of no pets in your IP then it would be a good way of enforcing it. I prefer to allow the option of pets so there is a wider range of tenants to choose from. I think the whole Koala thing has been...
  9. StevenO

    Tanilba Bay, Mallabula, Lemon Tree Passage - Future Potential?

    Hi ok180, I own properties at Lemon Tree Passage and I agree with Seachange. When I bought my first property here in 2000 the yields were pretty much neutral cash-flow but they're far from that now. I’ve been keeping a close eye on the market since I moved up from Sydney a few years ago for...
  10. StevenO

    Contacting the vendor

    Thanks mmerlin, it appears that Citec is the way to go because I just received this reply from the LPI NSW website: While you are able to access title details using a street address Privacy Legislation requirements do not allow access to the contact details for owners using a title reference...
  11. StevenO

    Contacting the vendor

    Thanks, but do any of these searches give the phone number or address of the owner or is it just a name? It might still be a bit hard to actually track them down.
  12. StevenO

    Contacting the vendor

    I've tried searching for some threads about dealing directly with the vendor but couldn't find what I was after- What's the easiest way of finding out who the vendor is? I think the council was one way of contacting the owner but do they really just hand over this information? What other ways...
  13. StevenO

    what does a put and call option mean?

    I almost purchased an apartment off the plan using a 'put and call option' a couple of years ago. It gave me the option of buying the apartment at a discounted price on completion of construction (2 years). However if I changed my mind for whatever reason it allowed the developer to force me to...
  14. StevenO

    Denman, NSW

    I recently went to visit a friend in Denman and was wondering if anyone on this forum has any IP's there. What's the capital growth been like out that way? Thanks.
  15. StevenO

    Multiple family trusts

    How do some of the experienced people on this forum go about using multiple family trusts: - Is it ok to use the same trustee for each trust, whether an individual or preferably a company? - If the first trust is eg- "The Jackson Family Trust", what name do you usually give to the 2nd and...
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