Total Members: 158,200

dodo_lurker

  • dodo_lurker replied to the topic Selling an old garage on my property in the forum Value Adding 9 years, 5 months ago

    Thanks – Gumtree seems to be the go!

    how did you charge for the metal, or were you just happy to have someonne take it away for free?

  • dodo_lurker started the topic Selling an old garage on my property in the forum Value Adding 9 years, 5 months ago

    Hi everyone,

    I have an old large metal garage that will need to be demolished to clear the land for a development I’m undertaking.

    I was simply going to throw it out, but then I wondered if there was any way to make some cash out of it.

    Is it legal to advertise it for sale, subject to anyone who is interested coming on site and removing it…[Read more]

  • dodo_lurker started the topic Claiming interest – query in the forum Finance 9 years, 7 months ago

    Hi,

    I have an IP in my name which I have obtained an additional seperate loan against in order to fund the deposit for IP2, which has been bought through my Family Trust.

    Where do I claim the interest for this deposit – in my own tax return (as the loan is in my name) or in the Trust tax return (as that’s the Property the deposit was used to…[Read more]

  • dodo_lurker replied to the topic Body Corp removal? in the forum Value Adding 10 years, 10 months ago

    Hi Pimobpi,

    Thanks for your post. Certainly makes sense. I guess my subdivision would need to be structured in such a way for that to happen, but sounds like it might be possible. If anyone else on here has any insight, would be much appreciated.

    Cheers.

  • dodo_lurker replied to the topic Best way to fund development project? in the forum Help Needed! 11 years ago

    Thanks Wilko. A nice post with a helpful example! Your numbers weren't actually that far off!

  • dodo_lurker replied to the topic Selling CF+ to buy neg geared in the forum Help Needed! 12 years, 2 months ago

    Exactly – that's why I'm a bit confused about the whole thing! I think he's too focussed on the Tax Savings element to see the bigger picture.

  • Hi Mike,Thanks so much for your report. Very useful and appreciate your service! Cheers,Andrew

  • dodo_lurker replied to the topic Rental Yield in the forum Help Needed! 14 years, 4 months ago

    I've only just started looking. Probably older units/apartments for my price bracket. In the area I'm looking, a place ~$275K seems to fetch about $230-$250pw, so might have to look around a bit more to get a 5% yield! How about down your way?

  • dodo_lurker replied to the topic Rental Yield in the forum Help Needed! 14 years, 4 months ago

    Victoria. Plent of stamp duty here!

  • dodo_lurker replied to the topic Rental Yield in the forum Help Needed! 14 years, 4 months ago

    That's not a bad rule of thumb. Still acheiveable at the moment?

  • dodo_lurker replied to the topic Rental Yield in the forum Help Needed! 14 years, 4 months ago

    Thanks for that. .When you say price, is that the price of the house by itself, or inclusive of all costs and legals?

  • dodo_lurker replied to the topic How long do you think until my property becomes cashflow positive? in the forum Help Needed! 14 years, 10 months ago

    Hi Terry,Was just wondering, for the sake of calculating +CF, where does tax on rental income come into it? For instance, in the OP's situation, should his CF be based on the rent he receives minus costs, or the rent received minus tax minus costs? Or is the theory simply that the amount of deductions should outweigh any tax owing on the rent?Cheers.

  • dodo_lurker replied to the topic Newbie! – should I buy another place now? in the forum HI Richard,
    Have done some
    14 years, 10 months ago

    HI Richard,Have done some further reading on your point and see the issue.When set up, I didn't really have a long term investing plan, so it was really only set up with the PPOR in mind. Tax deductibility obviously isn't an issue if the PPOR is the only property involved.I can see where the issues will be if an IP becomes invovled – although from…[Read more]

  • dodo_lurker replied to the topic Newbie! – should I buy another place now? in the forum Help Needed! 14 years, 10 months ago

    Hi Richard,OK, that's not good news! What I have is the ANZ Equity Manager – I was advised it worked the same as an offset.At present, all I have used it for is to purchase my current PPOR.What would you advise I should do moving forward? Happy to refinance (and cop any fees) if it allows me to have the correct structure from a tax point of view…[Read more]

  • dodo_lurker replied to the topic Newbie! – should I buy another place now? in the forum Help Needed! 14 years, 10 months ago

    Thanks Richard,Actually, the loan we currently have is a LOC, basically an equity redraw loan. Currently it's capped at $208K, but I guess we'd look to get that extended out a bit once the property is revalued. At the moment we just pay in our $5600 every month, but can redraw as needed – effectively an offset account.So, from what you're saying,…[Read more]

dodo_lurker

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
158,200

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!