Hi all,

Like you all, I tried the link that Jamie provided. It failed. But then, I deleted the latter part of the URL to leave just the website name – that worked, so I looked down the home page, saw the “Investors” button, and clicked that.

On the Investors page, right down bottom is a list of resources – and one of them was the…[Read more]

Hi Jaxon,

Benny I respect we have different views, that property is returning 8%, its positively geared, that beats tax incentives!

What I like about a forum is that even opposing ideas can add value. I haven’t run the numbers as you appear to have done. Your effort is therefore a big help to N2I straight off.

My thoughts on the other…[Read more]

Hi Jaxon,

I really disagree with Benny under most cirumstances,

Hmm, I thought we thought alike….??? Maybe there was a typo there ! :p

Yes, either way can work, Jaxon – but with what I think you are saying, any new mortgage on the old PPOR is not a Tax deduction, thus N2I will be paying full Tax on any Income derived from renting the…[Read more]

Hi Jaxon,
Nice numbers there mate !!

Benny

Hi Investor,
Interesting question !!

Because say for example he looks for houses for you and he spots an amazing deal that is available on the market, and the buyers agent job is to tell you of such opportunity. Isn’t there a good chance that they might take that house and take your attention to another house so they can buy that one? Or am I m…

[Read more]

Hi Investor,

Seems like your fingers are running ahead of your thoughts here:-

I wish I could find a place where I could …… stuff like tiling,painting, replacing the wooden floor. Don’t know where to find it.

Where I put …… you have left out a word – if you are wanting to “learn” stuff, I believe Bunnings do courses here and there s…[Read more]

A member has questions around “What to do” where one has a PPOR that was (nearly) paid off, became a rental, and they now live in their new PPOR. Do they sell the first PPOR (now a rental), or keep it? Can they borrow against that first PPOR to pay down the new one and make the Interest deductible, etc.

This thread was asking those…[Read more]

Wow, TerryW,

What an awesome list of options. A lot of people could do with knowing about all those options. THanks for sharing them,

Benny

Hi Craig,

As I understand it, taking a mortgage against a house that is an investment property doesn’t necessarily mean the loan will be deductible. This is because the deductibility is based on the REASON for the loan. And, in your case, if the reason is to pay down your PPOR, then that is personal, and thus non-deductible.

HOWEVER, if…[Read more]

Hi Matt,
The way I see it, there is nothing wrong in staying with one lender EXCEPT if they cross-collateralise all properties. At some point though, you may find that lender won’t allow you any more loans, at which point looking elsewhere might become an imperative.

Hopefully one or two or our resident finance gurus (Mortgage Brokers) will…[Read more]

Hi Simon,
Re the Fixed Rate, be sure that you know just what can impact you if your plans were to change. By this, I mean that if you had any reason to have to “break” that Fixed loan, it would cost you dearly. So, if you are thinking of refinancing soon, or maybe needing to sell, or even have concerns about the security of your job, do think…[Read more]

Hi Investor,
I liked this one of Jaxon’s thoughts particularly:-

– understand before you invest (know something in and out and why it makes sense and the risks before acting)

That really is KEY ! I often say it like this “If you think education is expensive, try ignorance”.

Spend the time to get to KNOW where you want to go before you s…[Read more]

Hi Investor,
I liked this one of Jaxon’s thoughts particularly:-

– understand before you invest (know something in and out and why it makes sense and the risks before acting)

That really is KEY ! I often say it like this “If you think education is expensive, try ignorance”.

Spend the time to get to KNOW where you want to go before you s…[Read more]

Hi Simon,
Your reference to the other post reminded me of “all those extra little jobs” that were crushing you…
https://www.propertyinvesting.com/topic/5037056-all-the-little-jobs-loose-ends-at-the-end-of-a-reno/
is the link for any others interested.

So how did you go with all those little jobs? Was the above list detailing them all, or…[Read more]

Hi Sitbon,

Just know that if you ever decide to sell your property, if you have ever rented it, you will need to pay a capital gains tax on it.

Sitbon, just so you know, (and other new readers following aren’t swayed by your comment) the above comment is somewhat incorrect.

In some cases, you MAY have to pay CGT, but in other cases, you…[Read more]

Hi Matt,

Check Jamie’s signature !! :p He is one of several very knowledgeable MB’s who give their time on here. Others can be found by keeping your eye on all sigs of posters, or perhaps check here:-

https://www.propertyinvesting.com/topic/5031421-to-all-mortgage-brokers-and-other-advisers-too/

And no, that is not all of the MB’s on…[Read more]

Bump

Hi Brett,

Question for everyone else though – if you eventually move into the property you purchased as an investment, can you theoretically never pay the capital gains tax, or do you have to claim a taxable event when you switch it over to an owner-occupier residence? Maybe someone here might know the answer to that. It might be a decent way to g…

[Read more]

Hi Brett,

Question for everyone else though – if you eventually move into the property you purchased as an investment, can you theoretically never pay the capital gains tax, or do you have to claim a taxable event when you switch it over to an owner-occupier residence? Maybe someone here might know the answer to that. It might be a decent way to g…

[Read more]

Hi Brett,

Question for everyone else though – if you eventually move into the property you purchased as an investment, can you theoretically never pay the capital gains tax, or do you have to claim a taxable event when you switch it over to an owner-occupier residence? Maybe someone here might know the answer to that. It might be a decent way t…

[Read more]