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    Building New IP - Dramas

    Big delays in Perth, first there was a shortgage of bricks , now they can't find tradesmen. being 6 to 8 months behind is standard now.Very fustrating!
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    Tax chief cracks down on loans that hide big income

    I think they are just fishing , the Tax office heavily relies on scare tatcics techniques , using the media to enforce compliance . Ever noticed the number of press realeases around end of financial year ?e.g "Taxi drivers targeted by ATO " is a headline grabber , sells papers , scares the...
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    Personal Offset accounts & Business Cash flow

    Hi Simon/Programmer, Thanks for your ideas /well thought -out reply . There will be no issues with my fellow director , he will probally want to do the same thing .I don`t really fancy talking to the ATO , I`m sure it will take hours and I`ll just get the runaround . Thank you Steve
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    Personal Offset accounts & Business Cash flow

    Hi Forumites, Sorry if this question has already been asked / answered; I have done a search, but no luck. Situation: My PPOR has a mortgage with bank (A), I am a Director /Shareholder of a Pty Ltd business which holds trading cash in its accounts with bank (B) .Its pretty clear that if I...
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    Help Please ,Property in wrong name

    Thanks to all for your imput, Bill I will bounce those ideas off my accountant . Steve
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    bad tenant and settlements

    tenants from hell lose car Sorry to hear about your hassles. You might get a laugh from my experience. Some years ago I had a tenant that was always behind in rent, finally I got a sheriffs order to get them out, owing back rent, of course, the day before they had to move out, I arranged for a...
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    Steve McKnight buy's 30 properties in the US

    US Investing Does anybody know the US regulations on how a alien ( thats a non amercian) buys US property? Steve
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    Stage timing

    Thats a long build time -what state is the property been built in?
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    Help Please ,Property in wrong name

    Thanks all for your assistance ; As the property is in NSW ,looks as thou I have to pay the duty , or leave myself exposed - a rock and a hard place ! what a rip off ! Steve
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    Help Please ,Property in wrong name

    Help! My situation is as follows; My PPOR is in my wife’s and self’s name as joint tenant’s .Value $750,000 mortgage $300,000. I’m in business for myself (company structure with self as Director, wife has no involvement or ownership of company) and I am becoming increasely concerned about...
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