http://law.ato.gov.au/atolaw/view.htm?docid=%22TXR%2FTR20102%2FNAT%2FATO%2F00001%22

If you have some pre existing capital loss carried forward from other years you could reduce the taxable amount.

If you are on centrelink payments                                                              BE VERY CAREFULIf you sell in the same financial year as you got unemployment benefits !!Your capital gain magically is deemed as income strange that a capital loss isn't treated the same way by centrelinkAnd then they will ask you to pay back payments t…[Read more]

I started at 25 and bought a house for $74,000 with my wife after both saving really hard. I have not lived in the house since it was bought and have it rented out. Then I purchased another in 2000 and sold it in 2004 as I went to university and could not afford the negative gearing when I left university and no one employed me for the last 5…[Read more]

I have also discovered you need five years experience as a lender to get a license or be a representative of someone else.

A mortgage broker told me an interesting story recently.At Auction Bidding went up to one million and twenty thousand dollars.Auctioneer states SoldVendor signs sales contract but doesn't read itAmount on contract $1,000,020 instead of $1,020,000 That is a $19,980 differenceThere was an article in API where the price was say one million but the…[Read more]

If you replace the whole liner it is an improvement. Items replaced in their entity are not a repair. If you patched the liner that is a repair.It is a grey area of tax lawthis tax ruling covers this scenariohttp://law.ato.gov.au/atolaw/view.htm?docid=TXR/TR9723/nat/ato/00001Also if you purchased the property with the liner in that condition it is…[Read more]

You will also need to obtain a national police check, credit record check and fill out the business summary word document also found on ASIC's web site and join FOS or COSL $200 – $260 which has a cost to it before starting the application process.Also make when you scan or do word that the picture files are TIFF format and Word Documents are RTF…[Read more]

Yes I have it is some times refered to as PITIt is a Hybrid trust . This is a unit trust with a discretionary ability also.There has been uncertainty with the way the tax office views these.The idea is you borrow money to buy the units of the unit trust and then the trust buys the property.The interest cost is then suppose to be claimable. ATO may…[Read more]

I have heard NAB may be open to renovation lending.

Normally when you buy property the lender has a kind of caveat of sorts on the property as a mortgagee .If you were to lend a portion of your property to a buyer and have them borrow the rest from a bank you would have a caveat on the amount your lent out to protect your interests. Or if the property is joint owned it could protect your 50%…[Read more]

If investment property has enough equity you could go to the lender and apply for a line of credit loan account.It works like a credit card in that when you need money you borrow it from the LOC and then pay it back. The line of credit facility becomes a loan when you draw money out of it . To be tax deductible it has to be borrowed for investment…[Read more]

Where there is a problem you have to find solutionshttp://www.gripguard.com.au/?gclid=CLulrMq7uqMCFQI9bwodQ0eSYwhttp://www.globalsafe.com.au/When you look at the short term residential property rental investments it seem like a cash loss and not worth it.I am currently having to re-attach the ceiling in my investment property and get a termite…[Read more]

If you had caveats on the security needed for the finance – did someone inform you of this situation as this would have prevented you getting finance maybe that someone could help you.

Done a bit of research as this was a hard one to find and come up with -This may be what you are afterhttp://www.health.gov.au/internet/main/publishing.nsf/Content/hacc-index.htmand this may help alsohttp://www.homemods.info/files/HomeModificationGuidelines.pdfThe scheme looks like it is known as Home and Community Care (HACC) ProgramDone by…[Read more]

They may also have been factoring in building write off depreciation in their statement as this would increase the return by increasing the negative gearing while the investor is not forking out actual money.

Where I go to the gym these guys advertise on the notice board at my gym but I do not know how good they are as I have not used them http://a1houseplans.com.au/and they are in the SE suburbs

If you have a large mortgage you will have to wait for your dwelling you live in to increase in value.There are ways of decreasing your mortgage faster.(1) Pay off the loan weekly rather than fortnightly or monthly. (2) Put more in to the repayment even if it is just $20 a week it adds up(3) Do not buy stuff that devalues like a new car(4) Set up…[Read more]

Hi KarlMIt can seem confusing because you have not had to pay out cash for this expense but it is sometimes referred as a paper expense.If you are depreciating the cost of construction it is an expense generated by a paper entry loss. Now this seems like money for nothing but in 40 years time you could be required to build a replacement building…[Read more]

jsoohoo wrote:
Hi Fellow Investors,He told me that if I were to bid and if the bid was  too high

Ask your lender who they use as a valuer and then employ that valuer to provide you with a valuation before you go to auction.That way you will know exactly what the property is worth before bidding on it and you can use the valuation for the bank…[Read more]