Hi Anthony,

Hmm, this has the aroma of similarity about it :-

1) I’ve been told that rent I pay to a landlord is tax deductible – I can’t find a single shred of info to prove this though, do I smell a porky?

This smacks a little bit of a plan where someone with their own home chooses to go and rent instead. Though the rent they pay is NO…[Read more]

Hi Anthony,

Hmm, this has the aroma of similarity about it :-

1) I’ve been told that rent I pay to a landlord is tax deductible – I can’t find a single shred of info to prove this though, do I smell a porky?

This smacks a little bit of a plan where someone with their own home chooses to go and rent instead. Though the rent they pay is NO…[Read more]

Hi Terry,

Benny trusts cannot distribute losses but what you may be thinking of is some borrowing to subscribe to units of a fixed unit trust and the trustee using that cash to pay for the property. Those borrowing to buy income oroducing units could claim the interest against their own income.

That sounded to me like how a Hybrid Trust works.…[Read more]

Hi Aftab,

Can you draw some ideas from what this young bloke did?

https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697977

Note that his path had him add Equity to each purchase via a reno – the added equity provided the Deposit/Costs that allowed him to move onto the next property. Without…[Read more]

Hi Aftab,

Can you draw some ideas from what this young bloke did?

https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697977

Note that his path had him add Equity to each purchase via a reno – the added equity provided the Deposit/Costs that allowed him to move onto the next property. Without…[Read more]

Hi Aftab,

Can you draw some ideas from what this young bloke did?

https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697977

Benny

Hi Yew,

No – I do not need to change my life style for the moment as I still have a full time job. and drawing good pay.

OK, cool !! Then, since Terry has warned about some “gotchas” re selling a PPOR to pay down debt on IP’s, that is an area where you should talk seriously with a Broker around the financing issues. Maybe Terry himself !!

O…[Read more]

Hi Yew,

No – I do not need to change my life style for the moment as I still have a full time job. and drawing good pay.

OK, cool !! Then, since Terry has warned about some “gotchas” re selling a PPOR to pay down debt on IP’s, that is an area where you should talk seriously with a Broker around the financing issues. Maybe Terry himself !!

O…[Read more]

Hi Yew,

No – I do not need to change my life style for the moment as I still have a full time job. and drawing good pay.

OK, cool !! Then, since Terry has warned about some “gorchas” re selling a PPOR to pay down debt on IP’s, that is an area where you should talk seriously with a Broker around the financing issues. Maybe Terry himself !!…[Read more]

Hi Yew,

Sounds like you are doing well – good for you. Certainly, it sounds like there is a tonne of “lazy Equity” in your PPOR. And yes, it certainly is worth looking at “How best to proceed moving forward”.

The major question in MY mind for you, is “What IS the way forward FOR YOU?” Like, are you looking to consolidate now or are you…[Read more]

Hi Yew,

Sounds like you are doing well – good for you. Certainly, it sounds like there is a tonne of “lazy Equity” in your PPOR. And yes, it certainly is worth looking at “How best to proceed moving forward”.

The major question in MY mind for you, is “What IS the way forward FOR YOU?” Like, are you looking to consolidate now or are you…[Read more]

Hi Yew,

Sounds like you are doing well – good for you. Certainly, it sounds like there is a tonne of “lazy Equity” in your PPOR. And yes, it certainly is worth looking at “How best to proceed moving forward”.

The major question in MY mind for you, is “What IS the way forward FOR YOU?” Like, are you looking to consolidate now or are you…[Read more]

Hi Yew,

Sounds like you are doing well – good for you. Certainly, it sounds like there is a tonne of “lazy Equity” in your PPOR. And yes, it certainly is worth looking at “How best to proceed moving forward”.

The major question in MY mind for you, is “What IS the way forward FOR YOU?” Like, are you looking to consolidate now or are you…[Read more]

Hi Mido,
Congratulations on getting the approval – good work. But now, I start to question you a little bit (for your own benefit!!)

I don’t know how to get loan to build 4 units bcuz I don’t have enough cash to show the bank.

1. Whoa !! OK, finance is an issue – I am sure that can be overcome, but then, do you have the experience to Pro…[Read more]

Hi Mido,

Hey, welcome aboard – you have come to a good place where we discuss a whole bunch of things to do with Real Estate investing.

Re your OTP apartment, you don’t give a lot of info about it, so I guess I can only refer you to a “general idea” kind of answer. In short though, we suggest buying problems and selling solutions. A…[Read more]

Hi Azanatta,

I just happened upon THIS link and figured you might like to contribute to it.
https://www.propertyinvesting.com/topic/5013926-fear-2/

Someone else who was starting out started that thread – they too were hearing lots of “negatives” about property investing. Have a read and get heartened. And maybe add your findings for others…[Read more]

Hi Parky,
Perhaps even more important than “What is the market going to do?” – I would be saying “Are they READY to sell it?”

By that, I mean are they fully aware of the effect this sale will have? Have they spoken to any adviser about it? It sounds like they are not in a rush, and that is good. Maybe steer them toward checking out a few…[Read more]

I guess I need you to describe to me what you think of as a “split loan”. That is the term I have concerns with, not so much the Offset Account per se.

Describe your “Split Loan” to me and let’s see what comes up then….

By the way, there are even right and wrong ways to spend money from an Offset, so do check back re that bit too. I think I…[Read more]

Hi again,

I’m just worried I may not be able to provide evidence/invoice for 40% of the project/work as it will be done by myself and my builder friends via cash in hand.

I wouldn’t be too concerned over that – I am fairly sure a Quantity Surveyor might be able to come up with values that would be suitable for the ATO.

Note that I am “…[Read more]

Hi again,

I’m just worried I may not be able to provide evidence/invoice for 40% of the project/work as it will be done by myself and my builder friends via cash in hand.

I wouldn’t be too concerned over that – I am fairly sure a Quantity Surveyor might be able to come up with values that would be suitable for the ATO.

Note that I am “…[Read more]