Yes it is very hard to get finance for a construction loan when i am the director of the building company that is building the investment we had...
Might not wind it up actually as there was so many hoops to go thru getting licensed and insured may aswell keep paying the fees to keep current
Hi Terry no retained earnings at the moment we have carry forward losses as i took back all of the initial 30k capital in wages as i keep the...
Hi Paul, the company is a licensed and insured building company that i set up to build my last 3 investment properties. It only owns a couple of...
Thanks Terry i suspected it would be nil or no effect from reading some articles on the ato website
What about if you issued new shares of a different class in the company by lodging the Asic form and made sure they were fully paid up by the new...
What is the point of having all of your offsets full? Wouldnt that money be much better spent in the sharemarket paying an income dividend rather...
Hi Jim what was the cost for demoltion and who is doing it for you? Just about to settle on a property in Port Noarlunga South on Friday a 3 bed...
They get a valuer to assess the price of the building contract plus land contract and if it passes we just borrow 80% of that I make sure that the...
Hi Joseph, I am a director of a building company that I have set up solely to build my own investment properties in my own name We are using...
Hi Paul, i have already built a few investment properties to hold for at least 5 years as i like the depreciation it gives to reduce my tax bill....
Thanks for the information Paul. What about if i was to build a new PPOR to live in for at least 5 years and then build another one? Surely this...
Thanks Terry, Do you know what the id number is or a link that i can have a read on the ato website?
Hello Paul & Terry, I have another scenario that i dont think has been discussed yet. I am a licensed builder - what if i was to buy an old house...
Hi Shahin if you dont mind me asking what are the other lenders that will finance a registered builder building their own contract? I am currently...
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