Hi Sami,

Some useful words re the WA zoning numbers in the link below from Jason Staggers:-
https://www.propertyinvesting.com/r-zoning-codes-for-western-australia/

From a quick skim of the article, it seems to me that the RE agent might be “saying anything to make a sale” so do read it all carefully. Jason does say that the R number is…[Read more]

Hi Machg,

I don’t know that group – but this comment sounds of concern…

with higher interest rate on investment loan, you maximize the tax return from the interest.

I would think the Tax Office might take a pretty dim view of that idea….

I’d be interested to hear what others have to say,

Benny

Hi Machg,

I don’t know that group – but this comment sounds of concern…

with higher interest rate on investment loan, you maximize the tax return from the interest.

I would think the Tax Office might take a pretty dim view of that idea….

I’d be interested to hear what others have to say too,

Benny

Hi Geraldine,

I had left this question alone, since it involves overseas property – but, in the absence of any other answers, I thought I’d let you know that I believe you are correct (based on the evidence you provided). Certainly, that is how it would work in Australia – if you make no gain, then there is nothing to add to your Income Tax to…[Read more]

Another common question is this one – “In whose name should I buy my IP’s?”

Or, where new to the site, and with a few IP’s already in your name, you might ask “What should I do from here? I have three in my own name. Do I continue to buy in my name, or some other way – e.g. in a trust, in my wife’s name, a company name…..” What is the way…[Read more]

Another common question is this one – “In whose name should I buy my IP’s?”

Or, where new to the site, and with a few IP’s already in your name, you might ask “What should I do from here? I have three in my own name. Do I continue to buy in my name, or some other way – e.g. in a trust, in my wife’s name, a company name…..” What is the way…[Read more]

Another common question is this one – “In whose name should I buy my IP’s?”

Or, where new to the site, and with a few IP’s already in your name, you might ask “What should I do from here? I have three in my own name. Do I continue to buy in my name, or some other way – e.g. in a trust, in my wife’s name, a company name…..” What is the way…[Read more]

Hi Huilo,

how much does it cost to subscribe to veda?

Did you find out? If not, try here:-
https://www.veda.com.au/contact-us

Benny

Hi Craig,
It sounds to me like your accountant might not be too familiar with residential property !!! I’m sure one of our knowledgeable advisers will pop in to affirm what is correct.

Right off the bat, I believe the accountant might be quite wrong on this one:-

The accountant also said if you sell two houses in six years you will have to…

[Read more]

Hi Craig,
It sounds to me like your accountant might not be too familiar with residential property !!! I’m sure one of our knowledgeable advisers will pop in to affirm what is correct.

Right off the bat, I believe the accountant might be quite wrong on this one:-

The accountant also said if you sell two houses in six years you will have to…

[Read more]

Hi Hemi,
Being in Melbourne, you have Steve and his company right there too. Do get to his Market Update (coming up VERY soon, if not already sold out) and rub shoulders with the group, and a heap of other investors who will be attending. Network with others before and after – who knows where it might lead. And plan to make the “Mega…[Read more]

Hi Hemi,
Being in Melbourne, you have Steve and his company right there too. Do get to his Market Update (coming up VERY soon, if not already sold out) and rub shoulders with the group, and a heap of other investors who will be attending. Network with others before and after – who knows where it might lead. And plan to make the “Mega…[Read more]

Hi Jon,

It certainly seems strange – I think you might have hit on it with this :-

I am guessing the agent or the conveyancer wants to hide a low valuation

… and. to add to that, maybe a decrease in valuation from previous (a -10% wouldn’t look brilliant, would it?)

Of course, it may be simply a “nervous seller” too.

Maybe…[Read more]

Hi Dev,

Do you have a particular city in mind? Or are you planning to “go where the best returns are?”

Benny

Hi Guy,
When I was making my decisions re purchasing in “my name or a trust”, I was heartened by ideas I heard from other investors. In essence, their “take” on things (while in the accumulating phase) was to keep borrowing against one IP to purchase another. In that way, any large chunks of equity were already “spoken for” in the form of a…[Read more]

Hi Guy,
When I was making my decisions re purchasing in “my name or a trust”, I was heartened by ideas I heard from other investors. In essence, their “take” on things (while in the accumulating phase) was to keep borrowing against one IP to purchase another. In that way, any large chunks of equity were already “spoken for” in the form of a…[Read more]

The subject today is Asset Protection !! A thread asking about this, and receiving some really good information in reply is right here :-
https://www.propertyinvesting.com/topic/5020760-best-method-for-asset-protection/#post-5023236

Have a peek and make comment (if applicable) within that thread. That way, the posts in reply stay relevant to the…[Read more]

The subject today is Asset Protection !! A thread asking about this, and receiving some really good information in reply is right here :-
https://www.propertyinvesting.com/topic/5020760-best-method-for-asset-protection/#post-5023236

Have a peek and make comment (if applicable) within that thread. That way, the posts in reply stay relevant to…[Read more]

The subject today is Asset Protection !! A thread asking about this, and receiving some really good information in reply is right here :-
https://www.propertyinvesting.com/topic/5020760-best-method-for-asset-protection/#post-5023236

Have a peak and make comment (if applicable) within that thread. That way, the posts in reply stay relevant to…[Read more]

Hi Peyton,
That depends on a heap of things that are for you to tell me. Are you looking for old or new, house or unit, price range, land size. Are you into renos or subdivision? City or regional? What return do you want/need? Is positive cashflow mandatory? Have you had a discussion re finance with anyone re what you can afford?

Without…[Read more]