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  1. GreyGhost

    Budget $330k Western suburbs Melbourne

    Can you qualify your statement please?
  2. GreyGhost

    Which Charity(ies) to donate to?

    Plan international monthly
  3. GreyGhost

    Asset Protection in terms of divorce

    Get legal advice.. Pay for it.
  4. GreyGhost

    What consitutes legal advice?

    I have checked with the institute of chartered accountants (CA), and structure advice and certain advice in relation to property is covered under their membership. But I tend to stick to analysis, feasibility, what-if type advice, not specific preferences of x share eg
  5. GreyGhost

    Hot water unit in main bedroom wardrobe.

    That's an absolute disgrace.... Having an apt or unit you already have limited storage and space, and if those were the plans not showing the service I would do my best to get this rectified..
  6. GreyGhost

    too many IPs

    Yes I agree. Or liquidating some residential properties and purchasing commercial properties with little debt (and higher yields obviously). Thus having smaller number of properties but ones that return well to fund your retirement, no longer chasing the huge CG as in your residential...
  7. GreyGhost

    Tax deduction for owner repairs

    Yes. As damage relates to a period from when it was income producing.
  8. GreyGhost

    Bad bad bad Journalism! Young Property Gun

    Good on her. I received $50 per week pocket money from my folks during yr 11 and 12, didn't save a cent of it. Kudos to her for having enough foresight at a young age to save some of it!
  9. GreyGhost

    Melb sunshine/deer park/Albion etc vs Glenroy/had field/broadmeadowd

    True, you will have to work to find one.
  10. GreyGhost

    Melb sunshine/deer park/Albion etc vs Glenroy/had field/broadmeadowd

    If townhouse specifically, buy in Coburg or Pascoe Vale South
  11. GreyGhost

    Ouch - $30K being taxed and not much deductions to off set

    After I consider all strategies with my clients and they come up with phrase like this I normally say to them, if your paying tax it means your making money! Without elaborate business' and structures etc it is harder to migigate tax as per your position, if you do it is most likely a timing...
  12. GreyGhost

    Budget $330k Western suburbs Melbourne

    Melton is a designated growth area too.. Has been for the last 30 years! There is various threads/posts on hoppers on SS you can read.
  13. GreyGhost

    Budget $330k Western suburbs Melbourne

    Lol I was not agreeing about Corio by not commenting, just focused my post on hoppers..
  14. GreyGhost

    Is there a way for landlords to join forces and boycott kmart?

    IMO this is just part and parcel of investing in student accommodation, or converting your property to student accommodation.
  15. GreyGhost

    Budget $330k Western suburbs Melbourne

    Not hoppers crossing
  16. GreyGhost

    Buying into family/friends existing mortgage

    Mate how can you change ownership % without incurring stamp duty? You may get on the loan, regarding ownership of the asset there is no real way around this besides the property being held in a unit trust..
  17. GreyGhost

    Buying into family/friends existing mortgage

    Stamp duty is your biggest issue! No way around it.
  18. GreyGhost

    Any one used any Ryan McLean tools?

    I watched his drip feed video series out of interest. But for positive cash flow property you still cannot beat your own dd.
  19. GreyGhost

    Where in Melbourne

    I agree with members on ardeer, St. Albans, sunshine, sunshine west, Albion, braybrook. But my advice would be to buy a house. It will be tight on your budget on some of the above areas that are hot ATM, such as sunshine and Albion, braybrook, but as Beanie mentioned at Albans is achievable...
  20. GreyGhost

    Offset vs redraw mixup

    There are some issues yes regarding interest deductibility. But purpose of my post is to ask you this: Are you going to buy another IP in the near (2-5) year future? Or upgrade to a more expensive home for yourself that requires additional borrowings? If not then isn't it better to save a...
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