You need to consider how you would cover the loan if you had three months without a tenant or lost your job for a period of time.Lenders will take a percentage of rental income into account when you borrow, this figure is different from each bank in working out if you can service the loan.Another point is you may be thinking of is an interest only…[Read more]

New property would have capital works deduction depreciation and may increase your cash flowhttp://www.ato.gov.au/content/downloads/NAT1729_07.pdfsection 1:19                    page 23 of pdf fileTalk to your accountant to find out how much – is it claimed over 40 years .. 100% of capital building cost / 40 per year .. and th e cost base draw back for CGT

web site of interesthttp://www.owner.com.au/

You could get a Line of Credit loan on your half of the equity  in your name.  Then use this as a deposit for a completely new loan.If you need your Dad to help you with the deposit he could take out his half of the equity as an LOC in his name and he could lend it to you. Or your DAD could go guarantor on his half of the equity so you can b…[Read more]

It really depends on what your income is. A high income earner may want to buy a property that costs more to hold than the rental income is. A low wage earner would look or aim to buy a lower priced house so that the rental income is greater than the holding expenses. The higher priced house with negative gearing needs to achieve capital growth to…[Read more]

What you need to think about ias well as having an emergency fund is a repair fund What happens when a hot water system fails and you need to find $1500 in a hurry to fix it. Or a house gets run down and you need to spend $6000 to repair the house to get it into a rent-able state. A lot of property investors lower or aim for  the LVR figure of…[Read more]

Have you got one annual fee being paid for all these sub accounts as it is cheaper than three seperate bank fees for the three sub accounts each month. Pay each account seperately with auto redraw . Decide if you want to pay interest charged each month plus bank fee or Pay slightly more to slowly pay off loan. Interest charge will be on first…[Read more]

Time frames are a consideration. In the time it takes to pay off one property you may have borrowed money and purchased 6 properties that have grown in value. However the interest costs and the holding costs and capital gains tax cut into the profit as you are forced to sell some properties at the end of the time period to bring down the debt. If…[Read more]

just make sure you do not compare one month with one source and another month with a different source as the growth figures will be inaccurate between the months due to the differences between sources.

Another problem is their rules change all the time and they don't tell you about them until you break a rule. I was getting a part payment of parenting payment as I was looking after my two daughters and my wife worked .The $60 a week was not worth the hassle of dealing with centrelink and their restrictive rules towards investing.I now work part…[Read more]

The negative loss was the one that really blew me out of the water. Centrelink deem negative loss as income so your centrelink income payment gets reduced. I had a conservation with Centrelink on how this can be justified and their answer was that you get a rebate from tax and then I responded with how do you get a tax rebate when you do not earn…[Read more]

Kurt,Have a Happy New Year. You  need to talk with your accountant to get specific advise on setting up a Trust and whether it would be an advantage to have a company control the trust or an individual tax payer.https://www.propertyinvesting.com/resources/products/11

I own a 1986 toyota Cresida. If the cost of repairs gets to much , then that is when you buy a newer replacement as opposed to a Brand new car which depreciates as soon as you drive it out of the show room.In my case the previous 1986 Corona was replaced due to the engine siezing up and smoke coming out of it and was sent to the wreckers.

William, How I got started. Unlike you I did an apprenticeship and was good at saving. I saved up a deposit and when I meet my wife to be we decided to buy a house to live in. With her savings and mine plus our healthy employment record we purchased the house by walking into the real estate agents office. This is the hard part -…[Read more]

Banks like to know that  you can afford to pay the loan back. (they do not want to be on ACA ) They like to see employment history or They like to see a business history for two years via a history of a registered ABN number. you may need to investigate how the banks feel if you can get someone to guarantee the loan and loan repayments for your loan.

The investor meeting's in melbourne are in the following postinghttps://www.propertyinvesting.com/forums/property-investing/general-property/4322700

needs to have a range of lenders to offer you the best possible solution to your needs.should follow up with you during settlement process on progress of  loan application.

This may help and I am certain consumer affairs or office of fair trading in your state would be able to direct you to the correct requirementsConsumer credit (Victoria) act 1995 see section 11…[Read more]

I didn't take the punt as I wasn't prepared to take on the risk and didn't have spare cash. I did a similar punt on macquarie bank  when  the credit squeeze occurred  in october 2007 but on a smaller scale and made $800 in less than a month.

If there is no oil there will be no war as every war machine runs on oil.I read recently in the Age that Singapore was experimenting with a tidal power station and using the power generated to convert water into hydrogen to run their cars on.I think that a certain country that can spend over a trillion dollars on one war will spend over a trillion…[Read more]