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Hi all, Just built a duplex and hand over is next week. If I sell at 340k and my costs were around 280k aside from agent and CGT do I have to pay GST. I have been told I do. I am not a company and do not have an ABN etc. The building is in my own name. If I do will it be 10% of the...

Hi all is anyone else having trouble logging onto Commbank or commsec today? tks

Hi all Are the banks still doing low doc loans? I have been putting in $0 BAS returns for the past 2 years and would like opinions as to whether I should continue. If Low Doc's are less available at the moment, is there a chance that the good old days will return?

hi all I missed the last 5 minutes due to the video running out. can you tell me who got fired on the apprentice? Thanks in advance

Hi all, Well to most this will be a very basic question bordering on a dumb question. How does one buy gold? Can I buy it via Commsec? Or do I need to contact a broker? Thanks in advance.

Hi all, Just took the billy lids to see Kung Fu Panda and I think I enjoyed it more than them. Well worth a look.

Provisional tax for positive geared properties I’m sure there are some of you out there who have paid this hideous tax in business. I have not come across it in property. Last night I went along to the tax talk at the Redcliffe RSL and the big bad tax man mentioned that for those who have...

Hi all, Have a friend who has had a small pay out and has $110k in the bank. She is 40ish and currently studying. No other income. No abn. Has never purchased a house before. Austudy gives her 460 per f/night. What are her chances of using a 30% deposit on a 220k unit at Caboolture or...

Hi all, Got a call from My PM yesterday informing me that one of the tenants wanted a cat. I don't mine small dogs but not sure about cats. The property is a duplex and I’m in two minds because of how invasive cats can be to the neighbours. Digging up gardens to do their thing etc...

Hi all Screaming from the roof tops, TODAY IS THE FIRST DAY WITH NOOOOOO PERSONAL DEBT. In July 2005 I was having a very bad month (story for another time). I was at a cross road and chose the right one. Between then and now have purchased 7 IP’s and sold 3. The profit from these 3 sales...

Hi all Looking for assistance with a basic understanding of how registering for and back dating GST will affect the duplex I built last year if I sell it after its birthday in September 08. I have reached a point where I will have to use the low doc form of loans and I understand that...

Hi all Tonight I went to the BIG meeting in Brisbane and listened to Peter Spann. He spoke about land banking. During the night he made reference to a fellow by the name of Harry Tiberdorf or something similar. Apparently he has a net worth of 2 billion +. Has anyone else heard of this...

GST If you build and sell how is the GST calculated? Is it the difference between build price and sale price if you did not claim the GST on the construction? Eg: build 250k land 200k sell 540k = 90k profit so GST would be 9k? Thanks in advance

Hi all, My definition of a good property manager. Is fussy when it comes to the photo and add for a property that is for rent. Does regular drive passes and gives feedback. Suggests rent increases with comparison property to support. Is pleasant to deal with whether you are a...

Hi all, Just received the below on an email and it is so true. Just try this test from an orthopedic surgeon. This will boggle your mind and you will keep trying over and over again to see if you can outsmart your right foot, but you can't. It's pre-programmed in your brain! 1...

Hi all, Assuming an age range between 35 and 55, can someone tell me at what financial point does one move from lower socioeconomic class to middle class and then onto wealthy? How / can this be measured?

Hi all, Currently reading The Warren Buffett Way. I have read on a number of occasions that a good indication of a worthy company is if a company is able to show that for every dollar of retained earnings it equates to at least one dollar of market value. “Buffett’s goal is to select...

Hi all, My duplex in Morayfield settles today. No buyer’s remorse at all. My only worry at the moment is advising the elderly male in unit A and the elderly female in B that the rent that they have been paying for the past 4 years is about to go up from 160p/w to 220p/w. I feel like a...

hi all If you have a good tenant, what's it worth to keep them? Ive read several thread's and it seems that some "good" tenants get discounts that seem huge. What's a good tenant worth to you. $10, 20, 30, 40 under?????? Personally I chase close to what ever the market will pay...

Hi all A friend and I have 11 IPs in the Redcliffe Rothwell area’s. I am thinking of approaching a number of agents and asking for a quote re PM fees. I was thinking 5.5% flat and only one let fee per year. What are your thoughts is this a bit to low.