Hi Kay,

My advice to you now is to step back and analyse what people have said as it relates to you, your situation, your aspirations, your risk factors, your financial position, your time frame etc

For every sound, well structured case for investment strategy ‘A’ there will be an equally sound, well structured case for investment strategy ‘B’…[Read more]

Originally posted by Peter Spann:

I’m not a cash flow investor (and that comment is likely to get me thrown out of this forum immediately!), and I explain why in my book, so that doesn’t bother me either.
[/quote]

Now, where is that ‘block Peter’ button[exhappy]?

Derek
derekjones1@bigpond.com

Property Investment Support Available…[Read more]

Hi Penne,

There are a few (couple?) of situations when an investor is allowed two PPOR for a period of six months.

For details I suggest a search of the ATO website using ‘CGT’ – if you ave any difficulty locating it email or PM your email address and I’ll forward through the PDF.

My thoughts about selling assets are – if they are moving in the…[Read more]

Hi Marisa,

My guess and in a single word ‘technology’ – when your return is processed by the ATO and numbers entered into the computer a series of red flags will come up when the numbers are ‘unreasonable’ – these will be followed up on and if necessary an audit conducted.

Technology will also cross reference financial institutions (who use your…[Read more]

Originally posted by ActToday:
His last rental was managed by Raine & Horne Burswood who have given both him and the property owner appalling service.

Hi ActToday,

Tis interesting your sons experience with R & H (Burswood) was very different to mine. Makes you wonder how can that be? Property investiong would be so much easier if we all had the…[Read more]

Originally posted by Desk Top:

no garantee that the it will go UP!!!

Hi desktop,

As I understand it there is no guarantee the rent won’t go down either.

Derek
derekjones1@bigpond.com

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

Originally posted by MarkyMark:

If I have a personal Credit Card and I am using that to pay expenses for investment property owned by the trust. Then is this mixing it up too much for accounting and is there a tax hit? Particularly if I put income into an offset account?

Hi Mark,

Not an accountant.

If you have mainatined a good paper trail…[Read more]

Hi Desktop,

If it is a good enough investment it should be able to stand on its own two feet – without a guarantee.

Derek
derekjones1@bigpond.com

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

Hi Ko_Starr,

In your quest for a tenanted property – be aware you do not inherit someone else’s problem and their reason for selling.

Derek
derekjones1@bigpond.com

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

Geeez Westan – why didn’t you press the pause button? Its simply not good enough.

Derek
derekjones1@bigpond.com

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

Hi Penne,

Not an accountant but for what it is worth.

A broad brushed statement but – a PPOR is CGT exempt (bearing in mind the various restrictions and conditions) and as such your biggest grower should where possible, be your PPOR for as long as possible – even to the extent that you do not move into your unit but rent elsewhere and use your…[Read more]

Hi Mark,

Very similar process to that used by a few others.

An account offset against home loan into which we deposit all income. Electronic transfers to the various loan accounts and institutions at the appropriate time and other bills (rates, taxes, insurance, body corporate etc) paid by credit card and paid out at the end of the month.

This…[Read more]

Hi Jars,

I have used Raine & Horne in Burswood (9355 0822) and Laurie Kelly RE in Belmont (9277 8826) to manage our Victoria Park property and International students.

Both have done a serviceable job but………they are a little removed for the immediate Bentley area.

Derek
derekjones1@bigpond.com

Property Investment Support Available.…[Read more]

Hi Mark,
What people have discussed here is a fairly typical level of information supply and if your PM isn’t delivering you need to have a chat to him/her detailing your expectations.

I find it very helpful to talk to my PM when they first get my property to talk about what I expect. I also make a point of ringing them whenever I get a property…[Read more]

Hi Glauco,

One way is to contact the relevant authorities who may have a list of licensed operators who work in the area.

Another way is to use a reputable brand name company where appropriate.

Another way is to find a property and then ask the question on the board – does anyone know a good ….. in X?

Yellow pages.

You may find in some of…[Read more]

Hi Milo,

You unit will be CGT free for the duration of the period of ownership as it was your PPOR for the duration of the period you owned it.

Your house will only be CGT free for the period you live in it – any gains will be calculated based on an apportioing process. Ie $100K profit – 80% of the time the property was an investment property…[Read more]

HI Mypi,

One of our 3 bedroom properties has been rented to international students for the past four years. We furnished it to make it more attractive to O/S students and have not had a problem with the tenants.

In one year we were without tenants for around 6 weeks at the end of the academic year but have now structured leases on a 12 month…[Read more]

Hi Milo,

For details on NSW Metro leases see below;

http://www.fairtrading.nsw.gov.au/pdfs/corporate/publications/ft255met.pdf

For details on NSW Country leases see below;

http://www.fairtrading.nsw.gov.au/pdfs/corporate/publications/ft255reg.pdf

On quick read the length of notice varies between 14 and 60 days depending upon the reason and…[Read more]

Hi Kay,

Fortitude Valley is known for its ‘redlight’ district.

Derek
derekjones1@bigpond.com

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

Hi Regrow,

Oops – missed that bit.

Anything built before Sept 1985 is not eligible for any building (capital) depreciation apart from renovations and plant and equipment.

Derek
derekjones1@bigpond.com

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