PropertyInvesting.com | condev | Activity

condev replied to the topic Depreciation Quantity Surveyor - Sydney in the forum Legal & Accounting

Mon, 28 May 2012 02:54:18 +0000

I am sure that there are, but unfortunately I dont know of any. Have you considered going online, my compay is aaaonlinepds.com.aubut there are a few reasonable ones at 1/3 of the fee you will be quoted for a full service scheduleGeorge

condev replied to the topic US Invest Good Company Or Bad? in the forum To get back to the original

Fri, 09 Mar 2012 05:03:40 +0000

To get back to the original question, I don.t know the company US INVEST but you have to understand how far people in the USA will go for $300 to understand the extent to which scammers will go for $3995!!!You don't need a middleman, I have bought 5 properties inn Rochester for an average price $25500 each I have built up a team of buyers…[Read more]

condev replied to the topic Q.S. Report in the forum General Property

Fri, 09 Mar 2012 04:02:39 +0000

Hi All,Firstly i must declare my interest in that I am a QS who specialises in depreciation. Quite a few issues have been raised here.1. Membership of AIQS( which I am ) is not required however your QS must be registered with the Tax Practioners Board2 Developers often supply "marketing depreciation schedules" The ones I have seen are all based o…[Read more]

condev replied to the topic TOO SCARED TO SPEND in the forum General Property

Sun, 31 Jul 2011 04:29:55 +0000

Hi Paullie,Sorry and saddened to hear that

condev replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Why would you invest @ a 12%

Sun, 31 Jul 2011 00:28:22 +0000

Why would you invest @ a 12% return when you can buy a house in USA @ 30%. I suppose the question is why invest in Aussie property at all?

condev replied to the topic Depreciation and Capital works Deduction on new property in the forum Legal & Accounting

Fri, 29 Jul 2011 04:55:25 +0000

Hi Biltongboer,Never ever get the building value stated in a Puchase Contractkind regardsGeorge smit

condev replied to the topic Getting a second depreciation report done after x amount of years in the forum Legal & Accounting

Fri, 29 Jul 2011 04:49:14 +0000

Ashley C wrote:
Hi, Further, the ATO would generally expect that any deductions for depreciable items and capital works acquired post settlement be based on the actual cost and not a QS report. Ie if you paid for them you should have the details of what the actual cost was.As such, I think that obtaining a new QS report is not ap…[Read more]

condev replied to the topic QS report from developer? in the forum Legal & Accounting

Wed, 27 Jul 2011 23:46:29 +0000

Hi Dragon, An indicative schedule is pretty useless to you anyway. It normally can't be used for your tax return, it is often called a "marketing" schedulekind regardsGeorge Smit www.aaaonlinepds.com.au www. condevds.com.au

condev replied to the topic Getting a second depreciation report done after x amount of years in the forum Legal & Accounting

Wed, 27 Jul 2011 05:41:30 +0000

Hi Fredo 4305No point at all unless something significant has changed. ie. major reno's or if you had a very poor report done in the first placethe report is valid for that purchasekind regardsGeorge smitCONDEV DEPRECIATION SERVICESwww.condevds.com.au

condev replied to the topic Looking for Tax Accountant in Brisbane in the forum Legal & Accounting

Wed, 27 Jul 2011 05:31:04 +0000

Sorry but forgot to say that V&P are based in Browns Plains

condev replied to the topic Looking for Tax Accountant in Brisbane in the forum Legal & Accounting

Wed, 27 Jul 2011 05:27:02 +0000

Hi NamzYou can try Joff Martin of JJ Dixon (based in Toowong) 3870 3840or Jitendra Prasad of Veal and Prasad 38092055both are the greatest with property!!!kind regardsGeorge

condev replied to the topic further research for USA investing. in the forum Overseas Deals

Wed, 27 Jul 2011 04:58:21 +0000

Hi All,The one thing I as an Australian foun difficult to understand about the investing in the USA is the amount of violent crime and it's a rule that you don't invest in an area that features on the crime map. The tennants who are prepared to live with that are not good.kind regardsGeorge

condev replied to the topic further research for USA investing. in the forum Overseas Deals

Wed, 27 Jul 2011 04:31:00 +0000

Hi Jayhinricks,You have to put it into perspective. We were thinking of building a $20,000 shed but instead bought a $20,000 house with a net return of $6000pa. It will be debt free after 3 years vs a car?I have now sold my investment property in Australia and will pay off some debt, and then invest $200,000 and aim for a net $70-80,000 pa net…[Read more]

condev replied to the topic Aran Dunlop Interviews in the forum Overseas Deals

Wed, 27 Jul 2011 03:52:42 +0000

A Scott-Power,The aussie banks won't lend money on overseas property. The ATO considers it income, subject to tax.kind regardsGeorge

condev replied to the topic Aran Dunlop Interviews in the forum Overseas Deals

Wed, 27 Jul 2011 03:47:08 +0000

Hi Steve and Aran,Congrats on having the guts to do what others don't.Ihave bought two properties recently in the USA in Rochester NY and am very happy with the 30% net (yes net of all expenses) return. I will be happy to answer questions about these and the all important Property Manager. Your projection and comments about Rochester as an…[Read more]

condev replied to the topic Depreciation and Capital works Deduction on new property in the forum Legal & Accounting

Wed, 27 Jul 2011 01:41:23 +0000

Hi Guys, I have specialised in depreciation for 14 years. Biltongboer , Terryw is correct. don't take a chance on missing something like a hot water unit, @rate?,@value?, smoke alarms etckind regardsGeorge