Hi Jade Q.With all respect, you appear to lack a significant amount of knowledge in relation to your present and future circumstances. Yes, like Jamie above,myself and other professionals on this forum, you are only going to get this knowledge piece meal as well as it could be inaccurate due to keeping certain areas of your financials private. The…[Read more]

If you need a rental guarantee to buy an IP then don't bloody do it! Even Defense Housing Australia (DHA) will give you a rental guarantee BUT you have to pay around an annual 17% Management Fee! You see, if YOU MUST have a rental guarantee then YOU WILL pay for that guarantee somewhere.I repeat, if you are new to property investing and are either…[Read more]

G'day IVRage.Yeah, RP Data and APM lock you in to long term contracts which can become quite costly. Even if you just want the odd report they are still both expensive. As an alternative, why not have a look at our new property investor search engine which combines RP-Data, realeastate.com. Lands Title Offices in every state, Tax Depreciation…[Read more]

Sorry, Drew's email address was incomplete Plastiques.drew@investuspropertygroup.com.auDrew is an Aussie who helps Aussies with USA I.P. and all the legalities involved. He should be very helpful to you and mention me and that'll make sure he does

Hi Fiona.Land ownership, site value and land use as at midnight 30 June each year is used to determine the land tax for the forthcoming financial year. Land tax revenue assists in the provision of public services such as education, health and public safety. RevenueSA is responsible for the collection of land tax under the Land Tax Act 1936, the…[Read more]

Hi Plastiques.If you are going to purchase property (or even trade) in the US of A you absolutely MUST have a Limited Liability Company LLC set up. With the absolute certainty that most Americans will sue you for just about anything, you must have a LLC set up for the USA. Give a friend of mine Drew an email on drew@investuspropertygroup if you…[Read more]

G'day Dougie from QLD.Send me an email to my address below and i'll see if I can help you answer this but will need a little more info from you that perhaps shouldn't be posted here.Kind regards,

G'day Scott.Look up Blue Wealth Property Group and see what you think.

Great post Ocean Architectural and terrific advice for the inexperienced. It's nice to get the perspective from the builders point of view (including potential wroughts) and your continued input will certainly be appreciated by the forum.Kind regards,

G'day Elemental.EVERYTHING is negotiable. If the builder wants your business then tell him that he needs to 'sharpen his pencil' or you will simply go to another builder who will! Ever payed the full price on a new or secondhand car? There is always padding build into the price that allows a builder to drop his price without eating too much into…[Read more]

Have a nice day, Myra

What worries me with renting out a property is 1) I dont know enough about CGT 2) how much of my investment property income will be taxableHi Bullet.CGT is fairly simple. You aren't up for CGT until you sell and then, in that financial year, the profit you realise when you have sold your IP is taken by the ATO at 50% and then you pay tax at your…[Read more]

Most of us have never been taught how to invest, let alone save.  Younger generations are living differently to their parents:  they're marrying later, spending more on 'lifestyle' and fearlessly taking on credit card debt.  As a result, many people have significant earning power but few assets.  Inevitably a time comes when you need to manage you…[Read more]

Have a look at Jan Somers PIA Software – the whole east coast so-called 'wealthy creation companies' use it to calculate all the costs associated with the purchase on an IP.

My questions: 1) If we move into my parents, does our current property qualify as an IP immediately after we move out (ie – so we can claim the interest as a tax deduction from the start of April?). YES! As soon as this property is no longer your PPOR and is available for rent it becomes tax deductible as an IP.I hope this has been of benefit to you.

If they are both Strata Titled and you own both Title's then of course you can have the 2 properties connected by a common gate, corridor, or anything else you'd like. You own them so you can do whatever the local Council Regs allow you to do. The only time you may have issues is with tenants as they may not like their rented property to be…[Read more]

G'day Igino.There is NO GST on residential property. If you have any GST concerns may I suggest you visit the ATO site where you should have most of your questions answered.I hope this has been of benefit to you.Kind regards,

G'day Property Mistro!Normally, if you are sub-letting out part of YOUR home, then your tenant is classed as a boarder and not a tenant unless, you require a fixed term tenancy of no less than 12 months. You are fully entitled to collect from a boarder a bond and have them pay so many weeks in advance. It is usually best to draft at least a basic…[Read more]

G'day AMitchell.Yes, Australian Legal & Finance are Buyer's Agents and please feel free to checkout our new website! Kind regards,

YES!I hope this has been of benefit to you.Kind regards,