Hi Mgr,

$25K even if you buy nothing through them?

Geez – that is an incentive to buy their property if I have ever seen one.

All in all you gotta admit $50K would buy a lot of property – as it stands at the moment you are spending a non-deductible $50K on property to the value of ???????

In a word -…[Read more]

Hi Curious,

Good name in light of the question[biggrin]

*Bump* indicates that there was nothing to say but rather an entry was made which brought the thread to the top again.

In this case Sunstone bumped the thread back to the top and added a reminder that the meeting is one week away from the date of the…[Read more]

Hi Bonnie,

In reality the number of properties is going to be determined by a range of factors including, primarily your capacity to borrow funds and ultimately by your ‘income needs’.

If, for example, you want an annual (pre-tax) income of $100K then you will need sufficient property to generate that level of income after making some allowance…[Read more]

Hi Tjal,

You haven’t indicated whether or not this property is for investment or living in purposes – this is a critical piece of information as the criteria to select suburbs and property are likely to be different.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Thorodin,

Investing as a tenants in common arrangement with wife and husband is usually done so that the ratios can be adjusted from the standard 50/50 arrangement which occurs with joint ownership. This way you have facility to maximise tax deductions – for example it is generally best to put the largest share of ownership in the name of the…[Read more]

Hi Yorker,

I for one would advise not – leaves the forum too open to ramping. Enough of that around as it is.

Suggest instead that when a location comes up in general discussion that you add your two cents worth then.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Mad-cat,

Trusts do have some tax advantages but often overlooked is the potential for asset protection.

As TD said recommend you buy Trust Magic (~$99) at http://www.gatherumgoss.com

If you would like a copy of the index to see what the book covers email me and I’ll send via return email.

Derek
derekjones1@bigpond.com

Property Investment Support…[Read more]

Hi Paul,

Not a problem – some ads do stretch the truth a little.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Originally posted by pgrim:
“Take advantage of the Multi-Million dollar Northbridge Renewal Project with this value-plus, top floor apartment in the award-winning St James Estate. Plus, with stamp duty about to plummet this is your chance to get into one of Perth#8217;s fastest growing areas”

Hi Paul,

Hmmmmmmmm – Northbridge renewal project and…[Read more]

Hi Pgrim,

Without knowing what the REA ad said it is difficult to comment but I am assuming the commentary was about the changes to stamp duty legislations & levies that into place on July 1 of this year.

For a definitive answer – check out
http://www.dtf.wa.gov.au/cms/osr_content.asp?ID=178

for some official…[Read more]

Hi Mad-Cat,

I come from the perspective that changing the mindset type messages are very important to the overall success of your investment plans.

Sure ‘how and what to do’ resources are important but until you get the ‘I can do it’ message then all the knowledge in the world is going to be of limited…[Read more]

Originally posted by DD:
Waysolid I have posts deleted all the time, one example is the “what to do with $15k” string. Because I gave an actual example of property available now that is neutrally priced if not positive, my post got deleted by a moderator in here who does what I dop and sources property for people. Seems that personal motivation is…[Read more]

Originally posted by emcdonald:

HOW DO YOU DECIDE WHO TO MARRY?

In all seriousness – I distinctly remember as a kid (of around 6) thinking that I could only marry someone who had the same surname as me – which is OK with my surname but imagine being weighed down with some less common names.

Derek
derekjones1@bigpond.com

Property Investment…[Read more]

Hi Paul,
These units are pretty close to central Perth and are located just below Kings Park and in close proximity to the recently opened Perth Convention Centre. No doubt the developer is trying to cash in on the Convention Centre.

The units themselves are below 50sqm and as such 80% lending may be difficult (impossible ?) to secure. Given the…[Read more]

Ho Ona,

Definately one for an accountant – but just make sure the accountant knows what they are talking about too.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

HI Kp,

I do agree ‘never say never’ and if the time did arrive when there was a federal government rethink on the ‘negative gearing’ rules it would require some adjustment to my investment plans, timelines etc. – however all things being equal I find it difficult to imagine that I would not be still buying property.

Overseas is an interesting…[Read more]

Hi Martin,

Your first option (revalue and refinance IP to buy PPOR) will not make the additional funds deductible as the purpose of the new loan/refinance is to buy a non-deductible asset.

Depending upon your financial situation you may be able to convert your existing PPOR loan to interest only and then redirect the funds saved against your new…[Read more]

Hi Ben,

You have the correct understanding of how depreciation works – and as you correctly pointed out a quantity surveyor can determine the appropriate building costs and also the value of the depreciable plant and equipment.

However depreciation should be seen to be the ‘icing on the cake’ and as such you need to firstly ensure the property…[Read more]

Hi FF,

An article in Melbourne Age 12 months ago said (in summary) “According to Michael Workman (Senior Economist – Commonwealth Bank) a 10-cent-a-litre price rise over a whole year had the same effect on the economy as a 0.25 percentage point interest rate rise by the Reserve Bank.”

“When interest rates rise it only affects people with debt,…[Read more]

Hi Bonnie,

Cloverdale and surrounding suburbs have had their growth spurt, but in saying that it would still be one of the closest suburbs to Perth that is developable and as long term investment fairly safe.

You will need to check with the city council about issues surrounding rezonings so that you do buy a block that can be developed in…[Read more]