Hi Angel,

Sorry for being a contrarian but – you are borrowing ~$36K, using ~$11K to earn a net income (before tax) of $560/annum.

I reckon there are more effective ways of making money.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Hi Gabbo,

Recommend you go to the ATO website and download a copy of the CGT Guide. It is very comprehensive and covers most issues surrounding CGT.

http://www.ato.gov.au/individuals/content.asp?doc=/content/43486.htm

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

You can also try http://www.depreciator.com.au – Scott (AKA Depreciator) is a regular poster here and has an office/representative in Perth.

PS Scott – your website needs to include localities you service – at the moment it comes across as a Sydney only thing.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Hi Hung,

To me you are better off doing all of your financing through a broker (especially if they are investment savvy) as they will be able to help you structure things correctly from the beginning.

A good broker should be part of your team from the beginning along with an accountant and solicitor as you progress. Having these ‘experts’ in…[Read more]

Hmmmmmmm (as in sceptical)

2% per day on your capital = +700% over the year. Reminds me of a pyramid scheme.
Maynard has been a member for almost 12 months and only two posts are about PIPS.
Then along comes Alibaba who only joined today and extolls the virtues of PIPS.

Now why should I be sceptical.

I think I’ll be better off buying Nat’s…[Read more]

Originally posted by FireCaesar:
Guys, in fact I stumbled upon these programs yesterday morning and found their “investors” to have mixed feelings about this PIPS thing. 1 thing led to another and by chance, I found a truly amazing opportunity where your money is doubled within 60~90 days (it comes closer to 100 now though).

Invested some money…[Read more]

Give FRC a call. They are in Canning Highway South Perth 9472 0303 (Brad, Robert or Emile)

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Originally posted by Lumwood:
listed by suburb month to month with data stringiing back atleast 10 years.

As others have said Residex (Eastern Seaboard) and possibly Matusik would be your best bet.

I wonder, based on your desire for month by month statistics, whether or not you are threatened to be engulfed by paralysis by analysis. I also…[Read more]

To me the answer lies in why you initially bought the property and whether or not it is doing the job you wanted.

Bear in mind the agent’s ‘sale price’ may be a little ambitious in order to secure your listing.

Any profits you are planning to take at the moment will be eaten away either through agents fees and/or CGT liabilities. If you plan to…[Read more]

Try

http://www.osr.nsw.gov.au/pls/portal/docs/page/downloads/other/vendor_duty_factsheet.pdf

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Hi Stuart,

Agreeing with Yack – there seems to be little point in selling the IP as it won’t even clear the PPOR debt after selling costs and CGT are taken into consideration.

As such I belive you are better off hanging onto both properties and ensuring that all legal steps are in place to minimise your IP outgoings and maximising the paying…[Read more]

Hi Calvin,

Steve is referring to the ‘PM’ button at the bottom of each post.

I believe the initial question has been satisfactorily addressed and as such ‘topic locked’

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

HI Female,

They are considered as acquisition costs and, like stamp duty, are not deductible. Thay can with necessary paperwork be used for CGT matters.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Originally posted by pelicaninvestments:
How did you start to teach your kids about investing & business ?

My eldest son is now 8 and I’m keen to start to teach him the basics….. As usual at 8 he still thinks money grows on trees…

Hi Pelican,

I have a 16 year old daughter who thinks the same thing – so when you have the answer give me a…[Read more]

Originally posted by femaleage20:
I to am interested in buying my first deal through a bird-dog, can I ask does anyonw know if their fee’s are tx deductuble?

Short answer – no.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Originally posted by willdbc:
However I can see the potential downside to this ie using equity for non investment.

Hi Will,

You have identified one of the key issues – adopt the discipline required to prevent this from happening. By the way this is an issue for equity realised from PPOR and IPs – it is not confined to PPORs only.

You will find…[Read more]

Hi Kerri,

Check this post out – it may be of assistance.

https://www.propertyinvesting.com/forum/topic/12167.html

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Your distinct personality, The White Knight, might be found in most of the thriving kingdoms of the time. Don Quixote was a White Knight as was Joan of Arc, the Lone Ranger and Crusader Rabbit. As a White Knight you expect nothing in return for your good deeds. You are one of the true “Givers” of the world. You are the anonymous philanthropist who…[Read more]

Hi Rob,

Haven’t looked at this thread for ‘yonks’ as I have no interest in options and just because I am registered as being ‘here’ it doesn’t necessarily mean that I am here reading.

Of course there is nothing to stop individuals from editing their own posts and thus preventing a he said type…[Read more]

Hi all,

Just spent some of my time deleting inappropriate comments.

Count to 10 before you post.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.