Recent content by Synapse

Learn from my mistakes... Hi All, I may soon start a separate thread about how commission can be payable to Qld Real Estate agents, even when they haven't achieved the sale! My own solicitor (and others in the real estate industry) have indeed confirmed that is the case in certain...

Thanks Redwing, this is one of those times I wish I had a Time Machine so I could go back and do a few things differently... Anyway, all I can do is the best I can with the hand I've been dealt. One thing I know for sure is that you never stop learning! I'll let you know how things go... :)

Great ideas, thank you! Hi All, Thanks everyone for sharing your thoughts... I am now much clearer on what to do. :) Firstly, I have decided to put both properties on the market for sale (thanks Fourex!). I like this option because it will help me get the quickest outcome, and saves me...

Quick Update... Hi, I've spoken to a private town planner this morning and he confirmed that Water & Sewer services are easily accessible to my Murarrie property. The Sewer runs through both blocks near the rear, so all that is needed is a connection point on the 2nd block ($2,500 should...

Hi, Thanks for replying so quickly! I receive just one rates notice for each property, so I imagine they are on one title (with two lot numbers). I enquired about a year ago with a town planner about my Murarrie property and was told it was a simple process to separate it into two titles...

Hi, For several years I've owned two "Splitter Blocks", hoping one day I'd be in a position to develop them. It now looks like I'll have to sell a property urgently, due to some unforeseen expenses. I accept this, but am unsure which is the best one to keep: The first is an 809m2 block...

Living off Equity... Tax Effectively! Thanks for the warm welcome. I don't specifically recall reading any of Steve Navra's posts as yet, but shall look him up sometime soon for my curiousity... :) redwing: Yes, I have spent quite a lot of time writing posts in various forums in recent...

Living Off Equity - Hypothetical Scenario... Hi Lacasa, The total value of your investment properties is $2,160,000. If I assume a conservative rental yield of just 3.5%, this would be $75,600 per year in rental income. I'll work with this figure, but if your actual rent is higher than...

Hi, Here are a couple of lending scenarios that I am currently exploring... Scenario 1: I have an unencumbered freehold vacant block of land (owned in a discretionary trust w/corporate trustee) and am wishing to use this as security to setup a LOC in my private name. I believe this...