The Kieran Forum

[Mark from Brisbane]

Legal battle looms over Kieran Foran property plans

STAR NRL Bulldogs recruit Kieran Foran has just listed his Dee Why investment apartment.

He has set a $745,000 asking price on the two-bedroom offering.

The late-1960s Westminster Ave apartment cost $451,500 in 2011.

https://www.realestate.com.au/news/...n-property-plans/?rsf=syn:news:nca:dt:article

Unloading the Crown Jewels so the first one can be paid off, meanwhile the Tattooed one will probably announce she’s pregnant with number 7, and he’s going to be in the caring and sharing mode again!!

Yes it goes on and on and on.

 

[swoop]

Unloading the Crown Jewels
Yes it goes on and on and on.

If he's going to unload his crown jewels it could end up a in a very sticky situation

 

[globaleagle]

A legal battle over the likely proceeds of both properties has begun, with Pope’s lawyers lodging caveats on the titles which are just in Foran’s name.

The legal paperwork suggests she made “direct and indirect financial and non-financial contributions to the acquisition, conservation and maintenance of the lands”.


- well if that's the only stipulation, I too made indirect non financial contributions to the acquisition.

May I have some karma I mean money now????

Now for something completely unrelated.....

 

[HappilyManly]

Becs was moved from their Belrose home with a 2 year old and a 3 week old, not to mention dealing with a headcase

Can't see Fiz mowing the lawns etc to maintain his new home, whilst all his issues were keeping him on the M1 and Parra 😎

Liquidating Sydney Real Estate, which is growing 15%+ compound, is not a sensible decision.

Think of the children, please - #Sad 🙁

 

[Harvies elbow]

What was that someone mentioned about karma????

 

[HappilyManly]

Fiz kids' home has sold $3,055,000

Pretty good return of 500k in 18 months from $2,510,000

Dumb to sell Sydney Real Estate in this market. 😎

https://www.realestate.com.au/news/...for-freshwater-house/?rsf=syn:news:nca:nl:spa

 

[lsz]

Fiz kids' home has sold $3,055,000

Pretty good return of 500k in 18 months from $2,510,000

Dumb to sell Sydney Real Estate in this market. 😎

With stamp duty and agent fees I wonder if he even made that much?

 

[The Who]

Fiz kids' home has sold $3,055,000

Pretty good return of 500k in 18 months from $2,510,000

Dumb to sell Sydney Real Estate in this market. 😎

You can't work out profit so simply as taking one figure away from the other.
You need to add stamp duty to the original price. Deduct agent's commission on the selling price. Also possibly deduct improvements made to the property, paying interest on the loan, and Capital Gains tax he'll have to pay and and he's probably made $200,000, which is still a healthy profit in 18 months.

 

[HappilyManly]

You can't work out profit so simply as taking one figure away from the other.
You need to add stamp duty to the original price. Deduct agent's commission on the selling price. Also possibly deduct improvements made to the property, paying interest on the loan, and Capital Gains tax he'll have to pay and and he's probably made $200,000, which is still a healthy profit in 18 months.

Simply put, it was his family home so there is no CGT

I am not privy to his selling costs
Just noted the 25% ROI, as per the norm on the Northern Beaches properties.

 

[BOZO]

Becs was moved from their Belrose home with a 2 year old and a 3 week old, not to mention dealing with a headcase

Can't see Fiz mowing the lawns etc to maintain his new home, whilst all his issues were keeping him on the M1 and Parra 😎

Liquidating Sydney Real Estate, which is growing 15%+ compound, is not a sensible decision.

Think of the children, please - #Sad 🙁

Jokes aside The Foz is not a well man and he fcked up his NRL career and his family big time .
The Foz files are very sad 🙁
We should end this thread and leave him rest in peace .

 

[Loobs]

The Sydney market isn't going to run up forever. It's already cooling because it was in a sense artificially driven up by FIRBs. As soon as the lending there tightened the market slowed.

Apartments will come off soon. Prices dropping with a glut of developments reaching PC over the next two years - that is generally where the bubble bursts.

Problem is all the tough talk from RBA about rate increases - they kick it up 1-2%, people that borrowed at the top are going to feel stress and defaults will skyrocket. GFC we didn't perform too poorly unless you look at like Gold Coast apartments or something, but if they raised rates here now, ooh boy would it go to **** fast. FIRBS would default on all those investment loans and just walk and they're very hard to chase down. Banks would be ****ed big time...

 

[manlyfan76]

You can't work out profit so simply as taking one figure away from the other.
You need to add stamp duty to the original price. Deduct agent's commission on the selling price. Also possibly deduct improvements made to the property, paying interest on the loan, and Capital Gains tax he'll have to pay and and he's probably made $200,000, which is still a healthy profit in 18 months.

You would think he has a smsf or trust which would murky the water even more.

 

[Loobs]

You would think he has a smsf or trust which would murky the water even more.

The Eddie Hayson Trustees ATF for Keiran Foran FYI This Money Is Definitely Not For Prostitutes Trust

 

[Mark from Brisbane]

Sorry @BOZO this thread will NEVER end!

 

[HappilyManly]

Sorry @BOZO this thread will NEVER end!

The Kennel feed should be incorporated next year

If they had issues with Dez, Fiz will take their angst to another level 😀

 

[Ned]

Ahh good to see the Kieran Forum back, been too long old friend hahaha

 

[Mark from Brisbane]

Ahh good to see the Kieran Forum back, been too long old friend hahaha

Agree, it’s like coming back to your old home town after years!

 

[globaleagle]

Agree, it’s like coming back to your old home town after years!

I went back to my old town once after about a 6 year absence.

Someone came up to me and explained why they hadn't paid their account on time and that they would pay it next week if that was ok by me.

I said it was.

He said thanks.

 

[Mark from Brisbane]

Yes, and it's even branched out into unforeseen topics - who would have thought in its early days it would now be discussing the relative value of the Sydney property market?

No doubt about our Fiz, he’s multi-talented!!

 

[Eagles2nv]

I wonder if any of our competitors have a thread that is 7226 posts long. Its a serious effort.