Strata is complete, onward to next problem to solve
Surveyor notified that Strata registered into 2 lots. Only thing is we own 50% of both units and so does daughter!
Now how to get unit 1 in her name and unit 2 in our names is the question?
Costs have the potential to esculate here!
Paralegal and Senior Consultant in law firm have been discussing how to do to control costs and processes.
- Deed of position to get over stamp duty a possibility
- Parents transfer to daughter
- Daughter transfer to parents
Then we are up for new mortgage fees and transfer fees.
We are exploring the possibility of daughter purchasing our unit from us [We do NOT need to sell our unit to daughter BUT this has been a possibility to help start her on her IP journey].
Anyway a busy day
Picked up 'Body corporate piece of paper from Surveyor' - Hubby
Drop off at Lawyer's - Hubby
Phone and meet with Structural Engineer - Hubby
Talk to Paralegal x 2 re how to get units in 2 names & control costs
Bank 'stimulus check' - must mention we paid tax bill last week which was MORE than we expected - so I am happy as obviously we are making money just need to learn how to minimise tax bill more!!
Refinance x 2 settled yesterday but there is some cleaning up to do like they paid off our LOC and we ended up with 5K credit so will have to transfer back to new bank.
Offset appears to be set up on wrong account - hope I can fix this by just renaming a/c's
Rang Loans officer to check daughters serviceability.
Of course I went to work early so I could snatch 30 minutes to talk to who I needed. Lunch was a walk to the banks and a banana.
Nah - I don't wish I was one of the many who sat in the courtyard talking
Cheers
Sheryn