[Brett MParticipant@brettmesser1Join Date: 2016Post Count: 14]

June 30, 2017 - 9:21 pm

Does the accountant need to be in Albury, or will any accountant from NSW do? Also are all properties in Albury or are some on the Wodonga (Vic) side of the fence?

[Brett MParticipant@brettmesser1Join Date: 2016Post Count: 14]

June 28, 2017 - 7:08 am

Take a look at Propertie.com.au, has fields for your specific property calculations like an excel spreadsheet, dashboards for equity, cashflow, mortgage and taxes, plus pulls in API market data and comparable sales, mortgage rates etc

• This reply was modified 6 years, 10 months ago by  Brett M.

[Brett MParticipant@brettmesser1Join Date: 2016Post Count: 14]

June 3, 2017 - 7:23 am

I have seen rentvesting work particularly well when you rent in a share house with 3-4 others. Had a number of friends do this to get their first IP. If you’re splitting a nice place in an (expensive) inner city location with a few others, and buy a property elsewhere to lease out the numbers often add up nicely.

However not sure if it works as well when you’re buying an investment property and paying 100% rent elsewhere as well – that is a fully loaded risk profile and a lot of money going out the door each month. Might be better to just take the hit and move out to where you can afford to live.

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 get into a property while renting – set it up as an IP, get the tax deductions for a few years while sharing your rent and living expenses are minimal, and then switch over to a owner occupier loan and not pay the CGT until you sell it (which may be never if it becomes the family home).

[Brett MParticipant@brettmesser1Join Date: 2016Post Count: 14]

June 3, 2017 - 2:39 am

I would suggest it depends on your time horizon and the quality of the property/location over the long run. Warren Buffett is fond of saying he looks for a great company at a fair price rather than a fair company at a great price. Then hang on forever. If that’s a good enough strategy to make $80 billion, then there’s probably some truth in it for us regular investors as well.

Another favourite is from Jodie Foster in the movie Inside Man – “When there’s blood on the streets, buy property.” Not sure how true that is, but a catchy quote all the same.

[Brett MParticipant@brettmesser1Join Date: 2016Post Count: 14]

November 15, 2016 - 3:53 pm

If there is clearly a “Greed Button” being pushed by the seller then buyer beware!

That is great advice!

• This reply was modified 7 years, 5 months ago by  Brett M.

[Brett MParticipant@brettmesser1Join Date: 2016Post Count: 14]

November 15, 2016 - 3:46 pm

Hi Ethan

What do you use to run the numbers, have you built your own spreadsheet or use a program?

Thanks
Brett

[Brett MParticipant@brettmesser1Join Date: 2016Post Count: 14]

November 15, 2016 - 3:43 pm

Looks like we’ve got a mystery to solve Scoob

[Brett MParticipant@brettmesser1Join Date: 2016Post Count: 14]

November 15, 2016 - 3:42 pm

Hi All, still learning the terminology here – what’s a DA?

[Brett MParticipant@brettmesser1Join Date: 2016Post Count: 14]

June 14, 2016 - 11:06 am

Thanks guys. I found one that does the combined Cert 4 and diploma. Appreciate the assistance.

[Brett MParticipant@brettmesser1Join Date: 2016Post Count: 14]

May 20, 2016 - 12:20 am

Thanks very much for the feedback. Looks like I need to understand the mentor process a little better.

As for mortgage broking courses, looks like they’re all more or less the same.

Finance institute: $695. http://www.financeinstitute.com.au/mortgageconsultant.html
Kaplan: $585. http://www.kaplanprofessional.edu.au/courses/corporate-clients/certificate-iv-in-finance-and-mortgage-broking/
Broker Training: $695. http://www.brokertraining.com.au/online-enrolment/course-selection
IIT: $550. http://www.iit.edu.au/cert-iv-in-finance-and-mortgage-broking/
AAMC. $597. http://www.aamctraining.edu.au/search/fns40815

[Brett MParticipant@brettmesser1Join Date: 2016Post Count: 14]

April 10, 2016 - 3:04 pm

Thanks Terry, I’ll check it out.