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  1. samsoft24

    Hybrid trust setup help

    Can you recommend an accountant that can help with the following and is not prohibitively expensive - validate hybrid trust document that is yet to be registered - help in formulating high level investment strategy using hybrid trust
  2. samsoft24

    Lo Doc Homeloan

    Hello All Can anyone suggest me best bank/non bank lender for a hassle free lo-doc homeloan? I am just caught between property which will be settled in July and I need to borrow for a land that will be settled in Mid May. I have maxed out on my borrowing capacity but have a decent LVR...
  3. samsoft24

    CGT implications for a new property

    Hello All, I m building a new house which i was planning to live in for a short term but looking at the current market, would potentially earn me around $100k if I sell it. I m unsure what are the CGT implications if I decide to sell. Is there any way I could save on CGT if I stay there...
  4. samsoft24

    CGT Question

    Bought a property for 330K in 2005 as PPOR. Lived in this property from 2005 to 2011. Rented it out between 2011 and now. I am now planning to sell it for around 500K. Unsure the CGT implications in this scenario. Can someone please help?
  5. samsoft24

    Need suggestions for low cost value addition

    Hello Peeps, Have a 3 bedder house in Melbourne which I am planning to sell soon. Need some suggestions on some low cost value addition. Here are few that I can think of 1.> Timber flooring in living areas - already done 2.> Paint exterior/interior 3.> Landscaping 4.> Driveway 5.>...
  6. samsoft24

    Forming our own building company

    A bunch of friends bought individual blocks of land in sydney and were hoping to get bulk discounts through project builders. We have been offered ridiculous discounts like $1200 discount if we all signed up etc. At most, the discounts offered were 10% on the extra's / upgrades. This led...
  7. samsoft24

    Low cost bulk conveyancing options in Sydney

    I am looking for a lawyer to do conveyancing for up to 12 properties in bulk. Just need to guage how much it will cost me.. In past I have paid 2500 in Sydney and have also paid 650 for melbourne property. I am pretty sure there are good lawyers in sydney that will charge around $880. Can...
  8. samsoft24

    Negative Gearing a block of land

    If I buy a block of land with the intention of living in future, Can I claim negative gearing deductions until the house is built? I intend to build within 18 months of purchasing the block of land. What do I have to consider as far as CGT is concerned? Can I get the property that I...
  9. samsoft24

    Negative Gearing with a twist

    Hello All, Me and one of my friend is planning to build a house each and are also planning to live as tenants. Is this legal? Can I claim tax deductions + Negative Gearing? Hypothetically, if a house costs 550K and if we rent this out to each other at $420 a week. Effectively, the...
  10. samsoft24

    Owner Builder Property as an Investment

    I'm planning to build a house on a block of land in NSW and my friend is also planning to build in the same area. If possible, we will be constructing similar houses on different plots. We are also expecting to save some money by building it ourselves. We are planning to lease out each...
  11. samsoft24

    Recommend MB in South Sydney

    I would like to borrow some money for an IP/PPOR. Can someone please recommend a Mortgage Broker around South Sydney area?
  12. samsoft24

    Vendor willing to rent my property

    Hello All, I just bought my first IP in Melbourne and am about to settle it down early next month. Just recently I discovered that the vendor is willing to rent it out himself however I am not sure if this is a usual practise. Has anyone been through such an arrangement? What is the...
  13. samsoft24

    Conveyancing/ Solicitors in Melbourne

    Hello All, I am looking to invest interstate and am looking Conveyancer/Solicitor to assist me with my IP settlement. Can anybody recommend me a reasonably priced Conveyancer based in Melbourne. Thanks in advance
  14. samsoft24

    First IP funding from offset or equity

    I'm about to buy my first IP, and am more keen on getting a 100% loan against equity of my PPOR. However, I do also have enough cash to cover the deposit requirements. What do you all generally do to fund your first IP 1.> Use equity from PPOR 2.> Use cash that offsets PPOR loan Thanks...
  15. samsoft24

    Mortgage Broker based in Sydney

    To use a broker or not to... Heres my situation. I'm self employed for about 6 yrs with company income of around 100-120K a year. My current loan is with St. George and have been with them since I bought my PPOR. I'm about to purchase my first IP and thought I would borrow from them...
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