Hi all,

“thats why i have been combing the internet for investment properties in nepal – just in case”

For sale – one cloud – solid investment opportunities. Good views. Can’t be built out. Current pest inspection report available.
Contact the owner – XXXXXXXXXXXXXX

Derek

derekjones1@bigpond.com

Hi all,

A tip for all – wait for your live update to complete the process before you open up your email programs. This way you have a greater chance of being fully protected before you open any emails.

Derek

derekjones1@bigpond.com

Hi Misty,

I can only give a ‘that depends’ answer.

Ultimately only you can decide what is right for you and you do have a number of other intangible assets on your side, you are enthusiastic, you have experience in property and you seem to have get and do attitude.[thumbsupanim]

If I was in your position – I would initially determine my…[Read more]

Hi kkowalsk,

Agreeing with James.

Additionally things may change (new pool, pergola, etc) that may also add other deductions in the meantime.

Derek

derekjones1@bigpond.com

Hi Simon,

Absolutely correct – 40yrs X 2.5% = 100% – hence the structure is completely written off.

Traveller accommodation and manufacturing property is written off at 25 yrs X 4% = 100%.

There are variations in trigger dates depending upon its classification.

Derek

derekjones1@bigpond.com

Originally posted by Julian2:
Judith, probably largly tax deductable too, but can’t help but think that a lot of people slow their wealth building processes by spending a king’s ransom on seminars. Very often much of the information is available in books – and librarys are free.
Julian

Could not agree with you more – I was talking to a person…[Read more]

Hi Misty,

Apologies for the delay but I have been away from home for a week.

Yes I am suggesting that you use your equity for deposits as this way you are maximising the leveraging capacity of your existing assets. For that reason I also suggest you do not sell either as long term growth will, in all likelhood, continue in the long term – why…[Read more]

Originally posted by kay henry:
Sorry folks- this has left mea little confused… is it 40 years deductions (from original date- 1985/1987) or is it 25 years?

kay henry

Hi Kay,

There are different depreciation rates for properties depending upon their classification.

Eg Residential property is as described above however travller accommodation…[Read more]

Hi Jeannie,

Rental guarantees can be used to distort investment reality and can make the cashflow figures look better than they really are as the guarantee is often above market rates.

Under these circumstances someone has to pay the above market figure – and don’t think the marketer is being benevolent – you are paying for the subsidy.

The…[Read more]

Hi Brent,

Read the article too – the potential outcome with either scenario has significant implications for both the developers and/or investors depending upon the outcome.

Victoria is going to either end up with overcommitted mums and dads or broke developers – either way there could be some ‘firesales’ soon.

Derek

derekjones1@bigpond.com

Hi Chan,

I appreciate that it is possible to buy a cashflow property and have growth – and the recent market of the last 3ish years clearly demonstrate that.

However in the main the recent growth in prices has largely been driven by people seeking cashflow positive properties and who are prepared to ‘go to the end of the earth’ to find them. To…[Read more]

Hi Chan$,

These are examples of the ‘answers and details’ I provide for people who I work with when discussing property investment (in my spare time)

derek

derekjones1@bigpond.com

Hi Bec,

Is it the best idea for me to move out? What is the next step do I move into the next one too and so on until I can build up enough equity to buy “my home” or is there an easier way to do this?

As Terry indicated by living in the property long enough to establish it as your home (principal place of residence) you will have the advantage…[Read more]

Hi Amanda,

Being a little bit lateral here – is it possible for you to sell your PPOR (ex renovation) and then move into your existing investment property and then classifying this as your new PPOR – no CGT.

Don’t know whether this is feasible or whether or not the ‘numbers stack up’ but food for thought.

Otherwise I tend to agree with the…[Read more]

Hi Jeannie,

Without knowing Heritage I can only post a copy of a response I gave to some else asking similar questions about another group. Hope these are of use.

Some thoughts for you to consider.
1. How long have Heritage been in business?
2. How many investment properties does your ‘consultant’ own?
3. How long has your consultant been…[Read more]

Hi Pousti,

As Pisces has already indicated guaranteed rentals are largely built into the purchasing price and often are higher then market rent.

As such this can make the cashflow situation somewhat rosier than reality.

Definitely do you own research and check out the floor size of the apartment/unit. Some banks have been reviewing their…[Read more]

Hi Ken,

1) is it true that if we buy a house and make repayments, the first 2 or 3 years’ repayments will be the interest part and thus we won’t have too much equity in the house?

Yes – pretty much so – provided you are only making minium payments. I recommend you find a loan calculator and play around with the various options to see what each…[Read more]

Hi Misty,

If your numbers stack up and your income levels can service additional loans you have a potential $228K equity available for ‘deposits’ on other property.

This figure is determined by adding the value of the two properties together (=$685K) multiply by 80% (=$548K) less existing debts (=$320K) = equity available of $228K.

Note I am…[Read more]

Hi Lisa,

Good luck with your search for a ‘mentor’ – you may also find it useful to read a few posts from some of the more knowledgeable people here (and who are in tune with your investment thinking) and send them a PM – they can only say no.

You may also want to consider the merits of at least a couple of people this way you can have some…[Read more]

HI Chan$,

It is interesting to see the discrepancies inpopulation statistics. My figure came from the Bogabilla website – I wonder if your figures include the whole postcode area – and not just the town itself.

Invariably postcode areas in these places are very large and can considerably distort the population figures.

Derek

derekjones1@bigpond.com