[dna4Member@dna4Join Date: 2008Post Count: 7]

January 15, 2009 - 9:31 am

thank for the reply. The take out point – BE creative on the expenses you gonna spent!

Thanks,

[dna4Member@dna4Join Date: 2008Post Count: 7]

January 10, 2009 - 11:44 pm

Terryw wrote:

Don't forget 3, borrowing costs can only be claimed over 5 years or the term of the loan if shorter

1. Travel to inspect property, repairs, to accountants, to mail box, to agents, to collect rent etc

3. depreciation of building
4. depreciation of fittings

There must be a few more, but thats all I could think of ATM

Thank for reply Terry,

I want to clarify couple of thing:

What is the receipt required for the travel expenses?

How do I get the depreciation of the building and fitting if I want to buy the strata unit? Does ATO have a certain way to calculate it?

Thank again,

DNA4

[dna4Member@dna4Join Date: 2008Post Count: 7]

December 7, 2008 - 12:17 pm

Landlord2 wrote:

I love collecting 'quotes' and 'sayings' about property, real estate and investing.
 

"If you think nobody cares about you, try missing a few mortgage repayments"

 

Like this one!!!

[dna4Member@dna4Join Date: 2008Post Count: 7]

December 7, 2008 - 12:16 pm

thank for the reply.

I dont think it is in direct flight path of the airport. Went there in the morning arround 10ish , it is not that noisy.

Spoken with the developer today, doesnt seems convincing about the building . Has anyone heard about JOHN ELIAS as the  builder / developer? The dude told me that the developer had been in the industry for nearly 30yrs and he mentioned couple of the development I havent heard in auburn / homebush.

[dna4Member@dna4Join Date: 2008Post Count: 7]

December 6, 2008 - 10:26 am

Boom……anyone?