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lol I think that is a bit of a exaggeration.

I know exactly were you coming from. After about 8 mths of looking I bought a brand new BMW, 2 mths later i sold it to finance a project. Lost a stack of $ on the car but made more with the deal. Investing may just simply be in our nature.

Hi All, Thank you all for your feedback. After some thought I have respectfully decline the offer. Regards,

Hi Rob, That’s great I will revise the attached links. I find it difficult to say but in that case we may be better off not selling until point three. Hopefully this is a long time coming times two. I wonder how the CGT will work with this scenario…..

Hi Tobe, I guess we could purchase the property @ 240k and take on their existing loan and then collect rent from the property it will work out less than 500pcm each as the house will return about 1400pcm. But I think if my parents were to pay CGT on this type of transfer then the purchase...

Hi wobbycarly, Thank you very much for your post. I clearly need to speak to my accountant regarding stamp duty and CGT. I was under the impression that the house could be given as a gift to avoid double stamp duty, at this stage I have no backing on this and could be completely incorrect...

Thanks Ridin-High, your signature may be completely relevant in this situation. Look forward to your feedback....

Hi All, Im very interested to see your perspectives on this. My siblings and I (three of us) have been offered a considerate deal my parents. I will try and be as detailed as possible; • There was an offer made to us by my parents to purchase one of their investment properties well below...

Hi Nathan, I'm no expert, I remember some time ago I was enquiring about this for my self. For what its worth I think your calculations look correct.

Hi Y-Man, I would be interested in this, 'tentative' as I also need to see how my day goes. Kind Regards, James

I see your short term investor tinted goggles are still on Wunderbar

so simple ! that's great. I will enquire.

Hello, I think you may be referring to; http://www.refindhouseprices.com

:) So I take it you send water rates etc directly to the RA?

Very good point would be much easier. Is that something that REA would normally do? - Pay rates, council & water rates etc

Hi Sash, I spoke to my accountant today well equipped with the new information I have learnt. His calculations were very close to yours working it out to be about 11k in tax on a profit of 100k. Thank you for your accurate post. I will still talk to my broker to investigate debt...

Sounds like you need to take your short term tinted goggles off! Demographics change as the demand to live in affordable beach side suburb grow. Government investments, marina, roads strong local economy, not to mention other attributes that the region offers. Any way have your view...

No I don't I'm sorry. I guess you a referring to the demographic not CG.

Elaborate ? Are you not a acute investor?

Hi Bac, I would try for Frankston. You can still pick houses in this area around 300k. You would then need to had duties and other exp on.