I have a taxation question. There was an investment property I planned to purchase at the end of last year. However, the settlement failed due to the bank valuation was too low. Can I claim the legal and travel costs occurred in this situation?

Thank you so much for your info. After reading your replied, I don’t feel as worry as before to invest in the other states. I was really concerned before since almost everyone I spoke to was telling me don’t do it because it is too risky. I didn’t want to follow their path and run into cash flow problems. And also dealing with difficult…[Read more]

I am planning to buy my first investment property. I don’t have a lot of money. My budget is around $350k. I am based at Sydney and I know there is nothing you buy with this amount of budget here. Therefore, I am thinking if I should invest in the other states such as Brisbane. However, after seeking advise from my friends and colleagues.…[Read more]

I am planning to buy my first investment property. I don’t have a lot of money. My budget is around $350k. I am based at Sydney and I know there is nothing you buy with this amount of budget here. Therefore, I am thinking if I should invest in the other states such as Brisbane. However, after seeking advise from my friends and colleagues.…[Read more]

I have recently settled my off the plan property. I discovered there are 2 major issues with the unit after I settled.

1. My car park size decreased from the original plan 17sqm to approx. 13sqm. I have tried to address this issue with the developer but no avail. The DP (Deposited Plans) is also incorrect as it contains the original size of…[Read more]

My property was supposed to settle on the 23rd Dec last year. However, the bank wasn’t ready for it even though I submitted all my documents on time. And then the xmas and new year shutdown came. Therefore, the settlement date had to push back until the 18th Jan. The builder sent me a bill and charged interest during this time at 10% p.a.…[Read more]

I bought an off the plan apartment for $428k 2 years ago. The settlement is coming soon, so I checked on the recent sales price for a similar unit in the same/nearby buildings. The mkt price was around $550k, I was expecting the bank valuation would come close to that. However, I just got the valuation results, the bank valued my property…[Read more]

Thank you so much for your advise. I completed my final inspection like over 1 week ago. The agent left me a text the night before the inspection and so I had no time to organise a professional inspection to be done onsite. I didn’t know what I had to do and just went over the checklist based…[Read more]

Thank you for all your advise. I just have another question regarding using a trust. I heard trust don’t have to pay any tax. Does this mean if I have my investment property inside a trust, then I don’t have to pay any tax unless I withdraw the rental income?

I have been thinking the investing strategy “Buy, Renovate and Sell”. Let’s say if I make $50k profit, but how can I get away from paying the massive capital gain tax? I won’t always be able to live in the property for 6 months since it can be in the outer suburb areas/interstates.

Isn’t it better to “Buy, Renovate and Rent” instead since…[Read more]

I am a Sydney person and I have been thinking really hard if I should buy the course. Can someone share how they felt about the course? Was it worth the investment? Steve’s course is really pricy ($10k) for someone who has a very limited budget.

Sydney house prices are so expensive these days. I probably need like at least $700k to $800k to…[Read more]

I am a Sydney person and I have been thinking really hard if I should buy the course. Can someone share how they felt about the course? Was it worth the investment? Steve’s course is really pricy ($10k) for someone who has a very limited budget.

Sydney house prices are so expensive these days. I probably need like at least $700k to $800k to…[Read more]

I was thinking exactly the same thing. I don’t want to buy negative gearing properties, I also don’t want to buy off the plan just for depreciation. Salary sacrificing into super isn’t good cos I don’t get the money until 65. There is really no way to get any tax advantage as an employee. This is exactly what Robert Kiyosaki explains in…[Read more]

Thanks again for your valuable information.

Thank you so much for your information. I am completely new to property investing. I have always wonder how does the financial institution evaluate the market value of the property? Is there a set and stone formula somewhere that is known to the public? If I go to a different institution, will the estimate value of the property differ?

Thank you so much for the replied! I have asked so many people around me but none of them seem to know the answer. I am glad I signed up to this forum which I found it amazing. There is a lot for me to learn in property investing and this forum seems to be a great place to start for me.

Does anyone know the possibility of turning a brand new property into a 1/2 investment property? My first property will be coming very soon and I plan to stay in for 6 months to get the 1st home owner grant. However, I am having trouble deciding what to do after 6 months. I don’t really want to move out since I will need to rent somewhere…[Read more]