Forum Replies Created
Yes CGT payable in Australia as it is different here to how it works in USA where you can trade up on investment properties. You can’t do the same in Australia. I can see where you are coming from but it is not as fair in Australia as it is in USA.
However depreciation and negative gearing are claimable in Australia where I think they may not be allowed in USA system.
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Once when looking at property I came across a house that had a stain on the lounge room carpet, wall paper coming off a wall and tiles coming off the laundry floor. Unfortunately I didn’t have the spare time to fix these minor problems as I was living 4 hours drive away and doing university studies. People are incredibly fussy and these items would reduce the chance of selling the property. Plus the owners had divorced and were selling. This would have been a situation where a low offer might have been accepted by the seller. The fixing of these items would have lifted the price of the property. You want to visualise the future repaired condition rather than the problems now.
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Point Cook, Victoria … It is also the location of RAAF Base Williams,
A lot of the houses are probably DHA houses
(Defence housing) May be worth seeing if any houses are available from the defence housing. Rentals owned by investors but managed by DHA for RAAF tenants. Smart investor this month has a small article on the conditions and pro’s and cons of DHA..Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
you need to blame the Sheriff of Nottinham for land tax. I think land tax should be directly linked to the actual rent earned from a property. If a property is worth more it doesn’t necessarily mean a greater rent yield.
One way of reducing it is to own land in different states or countries.Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
First Property at age 25 now owe 21,000 property valued at $170,000 2nd property at age 34 purchased at $100,000 sold at $170,000 age 37. Could pay off first property tommorrow if I wanted to. Having trouble gaining a job (just over broke) to allow me to borrow for next property.
Applying to do a pre apprenticeship in Carpentry and then in 12 months doing an apprenticeship in Carpentry. Can see synergy in this rather than trying to find a non existent job with my useless piece of paper from University (Degree). Once employed will have enough income and equity to borrow and buy next property for next boom .Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
http://www.freemanfox.com.au – negative gearing approach
http://www.cameronbird.com.au – positve gearing developement properties
http://www.richmastery.com – nz investment however do australian seminars.
book real money,real estate by brad sugarsComments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
definite- get loan pre approval as it is really easy to get carried away with the moment and bid more than you can afford. Watch what you do with your hands or gestures as you might buy a house when you didn’t want to really buy it.
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
what is your goal. Do you wish to create cash flow or capital growth.
Will the property increase enough over time to pay you back for the outgoing money. Have you thought about paying off a couple of properties to a point where income – expenses =cash flow positive situation so they do not cost you any money.
How many properties can you buy with positive cash flow as compared with negative geared properties. How many can you hold ont o if you lost your job in the future.
You need to look at your end goal rather than just a tax saving.Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I have been to three book shops and they do not have steves book,
Borders had a listing of it on their system but they have not received the book yet. 28/11/2006Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
First thing don’t use CAPITALS on the internet
Second point 40,000/200,000 = 20% You cannot use this equity as you need to have a LVR of 80% unless you took out mortgage insurance with the loan..
However if you can increase the value of the property with either time or improvement you can borrow the extra money that brings the LVR back up to 80%.
example
40,000 deposit (20%) loan 200,000 (80%) = total value
Time or improvement
40,000 deposit (14%) , 200,000 loan (71%) 40,000 increase = total value
$224,000 (80%) LVR now $24,000 extra borrowable against equityComments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Go and buy some books
There are two approaches – positive gearing
and
negative gearing
buy API magazine and start buying the books advertised in the back of the magazine.
Books are a cheap way to learnComments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
do not go any lower than 5% yield . = rent p/a / property value * 100
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
have you checked out
http://www.sop.com.au/
I haven’t had time to check it out but it might explain options.An option might be something a solicitor writes into the sales agreement. You might need to check with a property solicitor.
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
What would be a better way would be to try and have a couple of income producing properties ie positive geared and then offset the loss properties against them as well as your salary.
. The term is net rental loss or income.Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
check out
http://www.jenman.com.au/BS_Advertising.phpComments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I would go to USA on 4th of July and buy the biggest bag of fireworks I could get and light them due to this country banning fireworks for everyone because a few people got injured through mis-use of fireworks.
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
A option agreement to buy property
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
http://www.richmastery.com mentoring scheme…New Zealand Based
buy book How to get rich rewards in Real Estate in 3 years by Phil Jones or Buy book Real Money Real Estate – Winning the Real Estate Game by Phil Jones & Brad Sugars..
I just discovered this web site by reading How to get rich rewards in Real Estate in 3 years
I haven’t joined the Web Site but they seem to be similiar in their approach as Steve McKnightComments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Your insights- no. 4, Is a great reminder that one can not live on debt for ever.
Centrelink reckon people can live on net property losses forever.
As they deem a loss as income. It goes against normal accounting standards but I would love to hear from anyone who has managed to buy groceries at their supermarket with a net property income loss.Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I agree with the clock position. Property and shares have what is known as a negative corelation. When shares collapse it is due to people taking money out of the stock market. Where does this money go? Usually it goes into property as shares are now thought of as risky.
Another web site to look at is
http://www.afsd.com.au/article/aip/aip32a.htm
It really depends on the interest rate read this Age Story
http://www.theage.com.au/news/BUSINESS/Rate-hike-tipped-to-hurt-renters-buyers/2006/11/08/1162661728997.html
Cycle goes like this .. Low interest Rates –>High house prices -> Low rental Yield -> investment into Shares –>>> Interest Rate increase ->>> less inverstors in property >> llower property prices ->> lower vacancy rates >> higher rental yields than share market or bond market —>>> shares abandoned –> interest rate decrease –> investors buy property … Any one that buys at the top of the property market gets creamed by the rising interest rates and massive negative gearing.Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
