Hi all,
Wouldn’t the rate charged by the agent be somewhat different depending on the rental rate charged in a given area?

e.g. If 8% were “the going rate” then an agent managing a property in Point Piper for $3000 a week would make $240 a week (for what)?
Whereas the agent managing a property in Mt Druitt renting for $300 a week makes $24 a…[Read more]

Hi Dboyle,
I am sure there would be many on here who could learn things from you – for one thing, how to succeed on a wage of $45k maximum.

Like many who come here to share their experiences, why not jump in to answer questions of less experienced folk when their question is one you have particular knowledge of. Your answers can provide…[Read more]

Hi goosehead,
If I am reading your post right, the crux of the question is whether to borrow to make repairs, or whether to utilise existing funds instead of borrowing…..

Though I am NOT an accredited adviser (so do your dd on my answer, eh?) I believe that the repair to the roof may well turn out to be a Capital Cost. As such, it can only…[Read more]

Hi @knightm,

I don’t know, but I’ll see what I can find out…..

Benny

Hi Jonesey,
Sounds to me like you have a couple of choices – and different choices to many others of us who are investors. That difference comes from your trade as a builder.

Now, I am NOT a registered adviser, but I think it might be beneficial for you to discuss the idea of developing/building as a Company, rather than as a private…[Read more]

Hi Jonesey,
Sounds to me like you have a couple of choices – and different choices to many others of us who are investors. That difference comes from your trade as a builder.

Now, I am NOT a registered adviser, but I think it might be beneficial for you to discuss the idea of developing/building as a Company, rather than as a private…[Read more]

Am I right in thinking that if it was positively geared – rental income greater than all expenses that you can still get depreciation? or Capital Works Deductions?

That sounds right to me.

Benny

Hi Terry and Chat,
I was so busy penning a reply to the first question that I missed all of the subsequent answers and questions. So, sorry if it looks like I was butting in.

I think I see where Chat is getting things confused – if I can make one further comment, it might help:-

Are you saying that if the rental income on a property exceeded…

[Read more]

Hi Chat,

I can’t see where there loan interest and the deduction comes into play.

First, the loan Interest ($16k) is totalled along with the other expenses:-
TOTAL CASH EXPENSES $21900 – ($16k of that is Interest)

So, with $21,900 of costs and $15,000 of rental income, the cash LOSS is $6900.

That $6900 is then added to the Non-Cash losses (…[Read more]

Hi OS,
I know nothing more than the next bloke about Canungra. It is a pretty little town that has become a bit of a meeting place for travellers, and there has been some (limited) growth in the centre of town over the last several years. It was always (for me) a place to drive through, rather than “to go to” – as there was nothing there that…[Read more]

Hi CBD,

The newest trend of crowdfunding in property investment & development please.

If that is a question, I have NO idea how to answer it. What exactly are you asking of us?

If you are familiar with this “newest trend”, why not share your thoughts re the subject in this thread. Once we know where you are headed, we might find we CAN…[Read more]

Hi CBD,

The newest trend of crowdfunding in property investment & development please.</blockquote
If that is a question, I have NO idea how to answer it. What exactly are you asking of us?

If you are familiar with this “newest trend”, why not share your thoughts re the subject in this thread. Once we know where you are headed, we might…

[Read more]

Hi Allan,

I would think the reason the other calcs only use two of them are that this one :-

2. $110 – Registration of discharge of mortgage (remove seller’s existing mortgage from property title).

…sounds like it would be paid by a seller of a property, not by a buyer.

You should likewise NOT be paying that one, until you have made you…[Read more]

Hi SM,

Once it is fully built, it will be a great Capital Gain booster to the property price in COOMERA and UPPER COOMERA area.

If the new Disneyland employs 1000 people, it certainly wouldn’t hurt the values of properties in the area, and might even lift rents in the area a little too ….. unless China uses FIFO workers to man the attraction,…[Read more]

Hi SM,

Once it is fully built, it will be a great Capital Gain booster to the property price in COOMERA and UPPER COOMERA area.

If the new Disneyland employs 1000 people, it certainly wouldn’t hurt the values of property surrouding, and might even lift rents in the area a little too ….. unless China uses FIFO workers to man the attraction, in…[Read more]

Hi DT,

Thanks for catching me on my slip-up – I have added the link now,

Benny

Hi Corey,
Awesome thread – thanks. I know just where I can use this….

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

Been looking for a great thread about LMI for quite some time…. ;)

Benny

Hi Corey,
Awesome thread – thanks. I know just where I can use this….

;)

Benny

Thanks Terry. Always good to get clarification from those who KNOW !!

So, for Bruno (and interested others) I want to flesh out the likely situation and maybe determine what amount Bruno ended up paying in CGT.

First, the title says he was looking at a $60k mistake – from that, I infer that he was looking at having to pay that much to the…[Read more]

Hi all,
It struck me today that many who are just starting out can struggle to comprehend just how well an investing path can go. Unless we are taught to work in “large numbers”, many of us (or our partners) can have a really hard time just “seeing it like it can be”.

A while back, I posted a scenario where someone buys just two properties,…[Read more]