Total Members: 158,626

eilatan28

  • eilatan28 replied to the topic JV trust / tax query in the forum Legal & Accounting 7 years, 10 months ago

    Not yet Colin, I want / need a starting point to learn more about it so I can work out if its going to be worth looking into it further. Thanks for the tip on unit trusts and companies Terryw, I’ll check them out. Yep I know there would be lots of legalities to consider, but where there is a will there is a way ….

  • eilatan28 started the topic JV trust / tax query in the forum Legal & Accounting 7 years, 10 months ago

    Hi all,
    Hoping someone might be able to point me in the right direction:
    I have a group of woman who are interested in pooling funds to complete a purchase / (reno or development)/ sell project and splitting profits. I am imagining it would be best to do this under a trust structure ? with each person listed as a beneficiary??
    If our funds were…[Read more]

  • eilatan28 replied to the topic Property Management Fee Structure – Confused!! in the forum Help Needed! 10 years, 7 months ago

    Did unit 2 pay a weeks rent in advance ??  The difference is $30 which is about 8.5% of 1 weeks rent. My agent charges 7% of the total rent received by my tennant, so if they are in advance, the management fee changes from fortnight to fortnight

  • eilatan28 replied to the topic Accountant in BoxHill/Blackburn VIC area in the forum Legal & Accounting 10 years, 8 months ago

    i second House of Wealth as a recommendation too!  Threy do most of their stuff online, or via skype now though, so their office is no longer in Bayswater. 

  • eilatan28 replied to the topic joint venture question in the forum Help Needed! 10 years, 8 months ago

    thanks wilko, 

    Its not a real scenario, im just trying to get my head around it abit better.

    i guess im looking at it from the point of view of whether something like that would be an option in the future.  We have limited capital, and  I guess the aim of a joint venture would be so it still allows us to invest without having to contribute as…[Read more]

  • eilatan28 replied to the topic Do IP expenses have to be claimed? in the forum Legal & Accounting 10 years, 10 months ago

    i would think that because losses count as income, you would be required to declare it. To me its  kinda the same as making cash on the side and not declaring it.  It would make you eligible for a FTB payment that you are not rightfully entitled to.  just my 2 cents worth. Interested to hear what centrelink / an accountant would say…

  • eilatan28 replied to the topic Chan & Naylor Accountants – Reviews? in the forum Legal & Accounting 11 years ago

    @Chrisfromhastings, i highly recommend James and his team from 'House of wealth' in Bayswater.   Investors themselves, great knowledge, fast returns and reasonably priced. 

  • eilatan28 replied to the topic selling a house in the forum Help Needed! 11 years, 5 months ago

    Thanks for the replies guys, So the agent we select can organise the selling contract, but do i need to employ a solicitor or conveyencer ?? to look over it for me first ?? Or can a solicitor help me draw one up ?? Ive organised a couple of agents to come look at the place , so i guess i will go from there!  Still got my foot in the door with…[Read more]

  • eilatan28 replied to the topic Prospective tenant has pets, what do you do? in the forum Help Needed! 12 years, 3 months ago

    I am a renter (by choice) and i am forever grateful that our landlord gave us the chance to keep our chocolate lab when we moved in. She initially had a no pets clause. I wrote a letter stating he was a much loved member of our family, well behaved, regularly walked and an 'outside only dog'. We would have been devastated if she had said no.  She…[Read more]

  • eilatan28 replied to the topic Offset Account vs Savings Account in the forum Help Needed! 12 years, 3 months ago

    Putting money in offset account would save $3200 per year (.064 x $50,000 = $3200)where $ in saving account would make only $2500 per year (.05 x $50,000 = $2500) but then you would loose a further $750 in tax (assuming 30% tax rate) (.30 x 2500 =$750)  only leaving you with $1750.offset account is a much better idea!!

  • eilatan28 replied to the topic spltting LOC in the forum my understanding is any 12 years, 3 months ago

    my understanding is any renovations done prior to it becoming an IP counts as capital expenses used in CGT calculations. I too thought it had to be a rental property first before any expenses could be depreciated ? im no expert though so i would be interested in clarification !

  • eilatan28 replied to the topic My situation … in the forum Finance 12 years, 3 months ago

    I don't think the borrowed funds would be tax deductible though ??? Isnt the new purchase going to be your PPOR ??

  • eilatan28 replied to the topic Got GUM trees on the block in the forum Help Needed! 12 years, 5 months ago

    out of interest Mike, what is the asking price for this land in Heathmont ??is it vacant land ? or is there currently a house on it ??  

  • eilatan28 replied to the topic Asset protection in the forum Legal & Accounting 12 years, 7 months ago

    thanks Terry. I was hoping you would respond.  I know there is a will in place.  Im already married, but my brother is not.  So transferring assets really just transfers the risk of loss to someone else too. So if the will stipulates it goes to my brother and I and the defacto was to challange, it would go to court,? (length of relationship etc /…[Read more]

  • eilatan28 replied to the topic Building an investment property in the forum Help Needed! 12 years, 10 months ago

    Thanks heaps Josh!!!

  • eilatan28 replied to the topic Building an investment property in the forum Help Needed! 12 years, 10 months ago

    Are you sure catalyst ?? We are just about to commence construction on our investment property, and i was under the impression that the interest charged during construction was a tax deductible expense. My accountant never said otherwise when i was asking about my tax variation application for it. Can any accountants clarify please ??!!!!!!! 

  • I'd fix it. The point of having a veradah /pergola, is to have a dry / undercover area. and it doesnt sound like it is that. Plus, its a safety issue. If you lived there, would you put up with it ?? 

  • eilatan28 replied to the topic Help!! can the agent terminate the lease ? in the forum Help Needed! 13 years ago

    I do not work in the real estate industry, so cant really answer your question, but if i was the landlord i would be pretty annoyed the tennant (your friend) had moved out without giving the  proper notice, or organised a flatmate without getting prior approval.  But it sounds like you could be a better tennant than your friend was, however that s…[Read more]

  • eilatan28 replied to the topic experience in negotiating with tennants ? in the forum thanks angel, yes, very 13 years, 2 months ago

    thanks angel, yes, very true. i will never know if i dont ask.  Im new to this renting thing and just wasnt sure if this was a common practice of tennants ?? i dont want it to come across as being rude, and giving the impression that we think the house needs attention, but at the same time (being a landlord myself) i know repairs / maintence /…[Read more]

  • eilatan28 replied to the topic experience in negotiating with tennants ? in the forum thanks cuteyoungchic,
    We
    13 years, 2 months ago

    thanks cuteyoungchic, We have the money to do the renos outright, so it would free up another $50 /week. We have considered the 'putting in an offer to buy it ourselves' option, but keep coming back to the same conclusion that it just doesnt make financial sense to have a massive morgage that is not tax deductible. $450 a week is heaps cheaper per…[Read more]

  • Load More

eilatan28

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
158,626

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!