You will need someone to remove the weatherboard and put the blue board up then a renderer.
Not sure that you’d get it all done for $15k. Maybe. But it will make a huge difference to the value I think.

Just a question- How many properties does you accountant have? What’s his financial position? If it’s not where you are hoping to be change accountants.
Some people swear by new properties but tax advantages should NOT be the reason you buy. If it can’t stand on it’s own feet with regard to Cg etc then I wouldn’t touch it. I’m not saying don’t…[Read more]

The same things you need to keep in mind when buying anywhere I’d say.

Location
Infrastructure
Price
Yield
etc

Glen, you rerally need to do a lot more reasearch if you are wanting cash flow+ and think this will fit the bill.

You need to do the numbers BEFORE you put pen to paper.

Sit down, work out how much you can borrow and what type of properties will fit your criteria.
When you see a property that you think fits check he numbers.

You must knopw…[Read more]

Where are you located?

Hi, I don’t know the Brisbane market but if it’s like other cities you need to be careful when buying inner city units.
You really need to ensure the demand is there and that there isn’t an oversupply of your type of unit (and that it’s not a serviced apaetment).
Looking at the figures, can you handle the negative cashflow??
Also because it has…[Read more]

Over what timeframe are you talking? Where is the property located and when did you buy it? It may be due for an increase.
Lots of people make the mistake of thinking their property is going nowhere, only to sell and see it skyrocket a year later.

You can claim as a % of your total property. But keep in mind you will pay CGT when you sell on that %. Speak to your accountant.

I have a mild interest. It does show generally if things are hot. But if you didn’t know that without looking at the numbers you shouldn’t be in the property investment game.

The results also don’t tell the whole story. Go to a few auctions Nd you’ll see the lengths agents go to to get a sale. In slow times agents talk vendors in to taking lower…[Read more]

When you sign it’s nolt usually for a set time. You just sign it and it will state the notice you need to give.
Check your contract. If it does indeed say that it will end April 2016 then that’s what you signed so you may have to abide by it.
Usually it’s 2 months notice but I cross that out.

You don’t say what state you are in so maybe it’s…[Read more]

I have a VERY small 1 bedder in Potts Point. I bought it in 2008 when everybody was saying we werre crazy toi be buying property in this market.
We were looking at studios and this one came up. As no1one was buying places were sitting for a while. This opne had reduced in price already but we didn’t know that until later so we offered a low…[Read more]

Stamp Duty on Mortgage is imposed by the bank (based on the loan).

Stamp Duty on Purchase is imposed by the state (based on the price of the property).

Yes you can claim. Stamp duty on purchase and conveyancing is added to your cost base when selling.

LMI (I think) is deducted over 5 yrs (check this with your accountant).

That’s true Andrew.
I think unless someone is personally attacking others or being downright rude, they should be able to have their say.

Sometimes people throw in comments from left field but sometimes it just makes you think outside the square.

I have read some amazing threads where it’s got heated but is SO interesting and you learn…[Read more]

Yes, of course you can have a business. But you need to make sure you have the right licences in your state.

You may need a builders licence for example to do renovations.

Your accountant would be the best person to speak to as to how to structure this. Are you talking about the business buying properties then renovating? Or buying under your…[Read more]

I got a private message from him/her saying how he was banned!!! Don’t know who it is/was? Maybe he/she just sent it to everyone??/

In the hat!! (I thought that was a given!)

You can claim from the time the property was available for rent. So technically if you were renovating no (aqs it wasn’t available for rent).
If auditted you will be asked for the rental contract you have with an agent to show it was available for rent.

You can claim depreciation the same, even if you got the report done a bit later.

Does APIA cover rental properties though as it’s tenanted, not you (the over 50 person) living in it?

I never thought of them for investments. I do have my own insurance with them.

Good points “just do it”

I agree. If you want to live in a certain suburb where yields arte low you are often better off renting and buying in ares that have a higher yield.Having properties with a higher yield means you can purchase more because when you are puting your hand in your pocket all the time there comes a time when the pocket is…[Read more]

You need to speak to your accountant as the trust should have borrowed the money I think. Are you a trustee of the trust? Did you lend the money to the trust?