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Hi all, I've started looking for my first IP. I was hoping to buy an IP with depreciation for bld cost (trying for positive cash flow). But when I've been inspecting, I've realised I have absolutely no idea how to estimate how much it cost to build a particular property. At first I asked the...

Hi all, It's been a while since I last posted. Busy, busy. I've just started on my tax return and have run into a question. This year I transferred some westpac shares from my name into my wife's name. These are shares I bought way back in Dec, 1995. We filled in the transfer form on 27...

Hi everyone, I've just started playing around with the somersoft investment software (the version for professional investors). I'm having difficulty understanding their explaination of IRR. I plugged in some numbers for a negatively geared property and looked at the IRR after 10 years...

Hi all, Can anyone help? Has anyone heard of "USIF, Real Estate"? One of my in-laws bought shares in this trust many years ago while in Hong Kong. They had no idea what they were buying into, but just did it because some adviser told them it would be a good idea. They've never kept track of...

Hi all, Can anyone comment on this? Since reading this forum, I developed the opinion that if you paid for educational material on financial matters (eg.books on real estate or shares, or journals, the AFR etc) with even just the intention of being an investor, then you could claim these...

Hi all, Kathryn raised an interesting thread with her concerns about land tax in NSW. I also live in NSW and am very annoyed by land tax here. We have a land tax-free threshold of $261k for individuals (not much in Sydney), but trusts need to start paying land tax from the first dollar of...

Hi all, Did anyone see that article on "a current affair" last night about a serious renovator/developer in Adelaide? In 5 years this woman has supposedly created millions for herself by buying rundown properties, doing them up and selling them for a massive profit. She now has 20+ people...

Hi all, Just wondering if anyone can offer any advice here. My friends own a really rundown block of flats in Ashfield, NSW (inner west). There are 4x2BR flats in the block. They want to knock down the whole lot and build a brand new block. They've owned this for many years now, and plan to...

Hi all, My brother in law is planning to buy property in Sydney (where he lives). He can borrow a LOC of $150k based on the equity in his home. His bank has told him they will lend him a further $750k to buy property with (both he and his wife are dentists with good cash flow). Therefore, he...

HI all, Does anyone out there have experience with westpac's premium product? I've rung westpac twice to ask this question and gotten 2 different responses and now I'm confused. I'm planning on refinancing my home loan with w'pac. The re-finance will also include a LOC based on the equity...

Hi everyone, I'm just wondering if this sounds like a silly idea (based around avoiding paying some land tax and therefore saving money over the long term). My wife is in a litigious profession and I am not. Our overall goal is to have enough IPs and shares one day to give us a passive income...

Hi all, Just wondering....can you set up a hybrid trust so that only one spouse owns any units in it, and then later on (years later) the other spouse then buys units??? I'm asking because my wife is in a litigious career whilst I am not. So we are thinking of buying IPs in the name of a...

Hi everyone, I've just starting looking at properties in Manly. One apartment I'm interested in has a gross yield of 4.7%. Does anyone know if this is typical of Manly (in Sydney)? Thanks John

Hi all, With some shares returning a grossed up yield of around 8 to 9% at the moment (like the major banks), I'm just wondering if they're just as good an investment to make right now as say buying a positive cash flow property. If you take out a LOC to purchase shares at around a 6%...

Hi everyone, My wife and I are just starting to look for our first IP (have a home we're paying off). We'd like to buy in Sydney, preferably the inner suburbs. We're looking for a price around $350 to $400k. We'd like to go for something with a bit of land (like a townhouse or terrace). But...

Hi everyone These are very basic questions concerning yield, so I'm showing my beginner status. But I really wanted to know: 1. Is yield simply = total rent for the year/total price for the property ? Or do you have to take ou the costs of running the property from the total rent in order...

Hi everyone, I'm just wondering what happens with this situation: Say in Jun, 2002 you take out a LOC (with the equity in your home)in order to get ready to purchase an IP (ie, you intend to use the LOC to pay the deposit for the IP plus other costs). So, in Jun, 2002 you pay the borrowing...

Hi everyone, I just read something on the money manager website that got me thinking (http://www.moneymanager.com.au/planning/guides/articles/living09.html) In short...if my wife and I are co-borrowers on loans for our IPs (which are owned in my name), and my wife is successfully sued one...

Hi everyone, Last weekend I was discussing hybrid trusts with a friend of mine who is studying accounting and works F/T for an accountant (doing tax returns & the like). He said that they had clients who instead used a unit trust, the profits of which they flowed into a discretionary trust...

Hi everyone, I just discovered private messaging today. I was wondering if there is any way to have an email automatically sent to you whenever you receive a PM from someone. I received a PM quite some time ago and never discovered it until today. I admit I felt a little rude for not having...