Search results

G'day guys, Can I lodge a caveat against a property once a contract of sale has been signed. Cheers, Ryan. :confused:

I apoligize for the confusion...Ryan

much appreciate the feedback so far. Peter147, The project managers involvement is purely just to project manage(he is not a builder and neither am I), his fee is 10% of profits. I will be the director of the company, profits will be distributed to the shareholders, me 90%, him 10%...

Thanks again!! Joanna, this particular project manager is doing exactly what i've said..units are put on the market once completed, and then sold straight away, and company closed. And I must say, you were spot on with earlier comment about trust, one the most important things..but its...

thanks Michael !

Hi joanna, At this stage i'm unsure of the exact details of project, but possibly a 4 unit development site, in melbourne,vic. thanks,Ryan

thanks guys.. Michael, how would I go about getting a private loan agreement written up. thanks, Ryan

Hi joanna, thanks for your posts. Joanna, you mentioned you would need to engage a licenced builder..However, in this partucular case neither project manager or myself as owner builder, are licenced.. And I still have particular concern with the building insurance...the compnay will...

Hi Rolf, thanks for the super quick reply. So does this mean the caveat can only be lifted if I was to be payed. Thanks,Ryan

If I was to have a caveat on a property to be payed 50K by a certain date, am I protected by doing so, to get my 50k. Are there any risks in doing such a thing? please help. cheers, Ryan

thanks for your replies so far.. Is the following a common pratice being used by development managers in the building industry for managing a unit development site.. development manager sources a suitable property. sets up on your behalf a company ONLY for the term of the project, making...

G'day, Just wondering if anyone has been involved with investing in property development companies, and what types or returns are/can be expected.. cheers Ryan

thanks Kristine... Just for the record, I do have an ABN and GST no... So I guess I can settle the land in my name(not using business-abn), claim back GST, include GST in sale price, and still be able to utilize losses I have against Capital gains. pls correct me if i'm wrong. Regards...

I want to offset losses I have against capital gains.. These losses can't be utilized against capitlal gains in a business structure. Which brings us back to original question.... Must I include GST on the sale of a new spec home as an owner builder...Keeping in mind I am not a business...

Hay Thomo, U can't claim GST if you're not a registered business though. regards, Ryan

G'day, Must I include GST on the sale of a new spec home as an owner builder...Keeping in mind I am not a business, hence, not claiming GST.. Cheers, Ryan.

tried selling a 1 bedroom flat in Kingsville-melbourne a couple of months ago, with an advertised price of $152,000, got no offers over the 2 months, and has since been taken off the market... My rates notice has CIV of $170,000.....and 90% of all other 1 bedders are advertised between $110k -...

G'day, I'm planning to rent out my PPOR, and move into a new house i'm building... If I decide to move back into my original PPOR after 6mnths, then sell the new home, will I be up CGT on the new home?? Cheers, Ryan

My previous accountant was so pedantic about things, I dumped him within a few days......He claimed he new it all, and that all the rest were loosers. "what a #@$nker". Geoff, I think you should do the same. Give him the flick... Cheers, Ryan

G'day, Do any lodoc loan-lenders allow you to declare GST credits as income????? ie..from land purchases and building development Cheers