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  1. Foxy Moron

    July edition of The Somersoft mag - oops I mean API

    Congratulations on your success ladies. I enjoyed the story of your journey so far. Also pretty sure that young developer Jeremy featured a couple of pages over in the same issue also contributes to SS. Another positive mindset doing great things in the property world. I must admit it was a...
  2. Foxy Moron

    What would YOU do?

    Maybe. But appreciate there is a difference between being a focussed property enthusiast and being a one-dimensional anti-social bore (not saying that you fit into that category). It is healthy to enjoy a multi-faceted life, is what these ladies are saying - and I agree. Good on you for having...
  3. Foxy Moron

    What would YOU do?

    Maybe. But appreciate there is a difference between being a focussed property enthusiast and being a one-dimensional anti-social bore (not saying that you fit into that category). It is healthy to enjoy a multi-faceted life, is what these ladies are saying - and I agree. Good on you for having...
  4. Foxy Moron

    GST/Margin Scheme

    I'll agree with Paul's general advice. Maybe your accountant is confused about the circumstances where the Margin Scheme can (and can't) be applied. You did tell her about the house you knocked down didn't you, else she might think you bought just land from a registered vendor ? If you purchased...
  5. Foxy Moron

    Toowoomba?

    Hi Jess The guys above have highlighted some of the desirable suburbs. Certainly nice places to live but most stock in these areas are up in price and are older homes. Sensing your client looking for a set and forget rather than a development prospect. I am also wary of units and the teeny...
  6. Foxy Moron

    ANZ Bank Tips 2 More Interest Rate Cuts - More Fuel For Positivity

    Hmmm. Everytime negative gearing comes up people debate the present tax treatment but never enough discussion regarding why investors NG in the first place. Rather a major oversight IMHO. The reason of course is the scandalous sliding tax scale we have on individuals in this country. ie If the...
  7. Foxy Moron

    Why is IKEA so successul

    Bingo. Your thought processing on this issue is spot on IMHO. In five years time you will probably enjoying the fruits of your smarter choices with a great property portfolio whilst your compadres will still be paying off shiny new cars with personalised plates and whopping PPOR mortgage etc...
  8. Foxy Moron

    SMSF Property v Sal sacrifice

    Good point. But I'm coming from the angle that there may be some super profit to be made by parceling up neighbouring properties and then on-selling to another developer for a bigger block of units than what the small guys do themselves. There has been some interesting threads recently were...
  9. Foxy Moron

    SMSF Property v Sal sacrifice

    You have not provided enough details on your situation for people to respond with specific useful advice. It would seem you're in steady employment, over 49 years of age and cautious by nature. Need to know all sorts of other information such as age, remaining working years, family situation...
  10. Foxy Moron

    Latest from the ABC on Negative Gearing

    Well they did make the Bush Tucker Man series back in the eighties - with Les Hiddins. Brilliant. But its been non-stop lefty cr*p ever since.
  11. Foxy Moron

    Connection between changing accountant & audit

    LOL. Thats like staring down the barrel of Harry Callahan's .44 magnum and declaring 'I feel lucky'.
  12. Foxy Moron

    Leaving a great job

    In my book you already know the answer. You just need a gentle shove to reinforce that you are on the cusp of the correct decision. You are are loyal servant who has invested a lot into your role/company and looks like you have had plenty of enjoyment along the way. The fact that you say that...
  13. Foxy Moron

    GST on commercial property

    Hey Scientist I can hear a penny starting to drop with these questions. But there are two issues in one here. First the GST element - with all the issues about going concern v taxable supply, and secondly what is the best structure in which to acquire this property. It sounds like you're fairly...
  14. Foxy Moron

    Where the market seems to be moving

    Apart from the headline, I actually view this is a fairly balanced report ? giving equal time to the doom and gloomers, as well as those who understand whats driving this market. Plus I learnt about a new tribe of people ? the wounded underbidders. Like the sharemarket it can be difficult to...
  15. Foxy Moron

    No tax payable in SMSF (if you get it right)

    Agree Paul. Shameful Fairfax Dross. Any argument against the present dividend imputation system is advocating a return to the bad old days of double taxation?ie taxing the same company earnings twice, which is the hallmark of dumb policy. Even Keating understood that. The DIS really is one of...
  16. Foxy Moron

    Unit in Harristown Toowoomba?

    Like the other posters I see limited upside for Toowoomba units due to over-supply concerns, although there should still be rental demand next couple of years. Prefer houses, prefer better location - east of Ruthven : more desirable suburbs, plus NBN access. If you're mad keen on a unit, go...
  17. Foxy Moron

    The secret to my success

    Ok Getting back to See Changes' initial post - he is announcing he has three secrets. What he's really saying is he has a system / methodology he believes is reliable for his purpose, and it consists of three distinct parts. Armed with this system, he believes he can make solid decisions in just...
  18. Foxy Moron

    To trust or not trust

    Wow. Some fantastic pearls from Terry's post. You are certainly a valued contributor to this forum. There are many wily tactics mentioned here with using a unit trust to acquire both resi and commercial property, particular where you feel it is likely that a transfer of ownership (or part...
  19. Foxy Moron

    The secret to my success

    SeeChange Are you Dan Brown in disguise ?
  20. Foxy Moron

    Not enough talk of SMSFs

    Hi Lizzie. Alarm bells ringing loudly with the idea of your SMSF owning all the shares in the trading company running this business. Tread very carefully here. Even if the investment survives the in-house 5% of fund assets test, any dividends being returned to your SMSF will need to be...
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