PropertyInvesting.com | eilatan28 | Activity https://www.propertyinvesting.com/members/eilatan28/activity/ Activity feed for eilatan28. Sun, 12 Apr 2026 21:55:46 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 34db8e5fa4ecf6908ddaf0de94c860b4 eilatan28 replied to the topic JV trust / tax query in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5028902-jv-trust-tax-query/#post-5028931 Fri, 19 Aug 2016 01:42:15 +0000 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 ….

]]> 1b444ee86a45315b12f040113375e90c eilatan28 started the topic JV trust / tax query in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5028902-jv-trust-tax-query/ Wed, 17 Aug 2016 05:13:18 +0000 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]

]]> bc21d06dffab0f1de88ab7bf7a947f4d eilatan28 replied to the topic Property Management Fee Structure - Confused!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4410268-property-management-fee-structure-confused/#post-4696305 Fri, 15 Nov 2013 06:10:18 +0000 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

]]> d81c8da335e6db3e68f73db5d5683681 eilatan28 replied to the topic Accountant in BoxHill/Blackburn VIC area in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410109-accountant-in-boxhillblackburn-vic-area/#post-4695321 Tue, 08 Oct 2013 23:19:16 +0000 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. 

]]> f099e5bff3927d8065c26bc4019086fb eilatan28 replied to the topic joint venture question in the forum Help Needed! https://www.propertyinvesting.com/topic/4410085-joint-venture-question/#post-4695176 Thu, 03 Oct 2013 11:20:07 +0000 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]

]]> b490dabf942d74c999867beef02b4d30 eilatan28 replied to the topic Do IP expenses have to be claimed? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4409779-do-ip-expenses-have-to-be-claimed/#post-4693619 Mon, 29 Jul 2013 06:09:02 +0000 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…

]]> ed80836df6a931b9cc3f4743e764a708 eilatan28 replied to the topic Chan & Naylor Accountants - Reviews? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399306-chan-naylor-accountants-reviews/page/2/#post-4620620 Fri, 31 May 2013 08:56:54 +0000 @Chrisfromhastings, i highly recommend James and his team from 'House of wealth' in Bayswater.   Investors themselves, great knowledge, fast returns and reasonably priced. 

]]> dd9027c469dbad99a5e66f730b7b048e eilatan28 replied to the topic selling a house in the forum Help Needed! https://www.propertyinvesting.com/topic/4408339-selling-a-house/#post-4682992 Sat, 29 Dec 2012 11:07:39 +0000 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]

]]> 47a053debac5476114f3ba738b0cb7a8 eilatan28 replied to the topic Prospective tenant has pets, what do you do? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406076-prospective-tenant-has-pets-what-do-you-do/#post-4665426 Fri, 16 Mar 2012 23:20:08 +0000 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]

]]> 4fd180af986fb7f71a655f0e1dfe4278 eilatan28 replied to the topic Offset Account vs Savings Account in the forum Help Needed! https://www.propertyinvesting.com/topic/4406019-offset-account-vs-savings-account/#post-4665047 Wed, 07 Mar 2012 02:24:40 +0000 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!!

]]> 0d6b33b77cc2e99ed34af06f9fbbb2d8 eilatan28 replied to the topic spltting LOC in the forum my understanding is any https://www.propertyinvesting.com/topic/4405841-spltting-loc/#post-4663597 Thu, 23 Feb 2012 02:33:12 +0000 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 !

]]> a8e9a8a16eef4d09381d5b8d296e33cd eilatan28 replied to the topic My situation ... in the forum Finance https://www.propertyinvesting.com/topic/4405925-my-situation-2/#post-4664170 Wed, 22 Feb 2012 13:52:32 +0000 I don't think the borrowed funds would be tax deductible though ??? Isnt the new purchase going to be your PPOR ??

]]> bfb019e21b38447df3742b2a0f865b94 eilatan28 replied to the topic Got GUM trees on the block in the forum Help Needed! https://www.propertyinvesting.com/topic/4405599-got-gum-trees-on-the-block/#post-4661809 Sat, 14 Jan 2012 09:48:29 +0000 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 ??  

]]> c36a4607933ff5d20f4d7beb02ba7660 eilatan28 replied to the topic Asset protection in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405167-asset-protection-4/#post-4658747 Sun, 13 Nov 2011 00:57:46 +0000 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]

]]> 4fe84c54952878dd879731f4070274b7 eilatan28 replied to the topic Building an investment property in the forum Help Needed! https://www.propertyinvesting.com/topic/4404476-building-an-investment-property-2/#post-4654050 Thu, 18 Aug 2011 09:11:02 +0000 Thanks heaps Josh!!!

]]> e514b7dde3f2213b4af1976527475bf9 eilatan28 replied to the topic Building an investment property in the forum Help Needed! https://www.propertyinvesting.com/topic/4404476-building-an-investment-property-2/#post-4654048 Thu, 18 Aug 2011 07:46:01 +0000 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 ??!!!!!!! 

]]> e00013a7d977c860cb0476652df846a2 eilatan28 replied to the topic non-essential maintenance to satisfy tenant worth it? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403712-non-essential-maintenance-to-satisfy-tenant-worth-it/#post-4648422 Tue, 24 May 2011 08:46:52 +0000 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 ?? 

]]> 7d4dc370d55eab53ef283bcc24bf826a eilatan28 replied to the topic Help!! can the agent terminate the lease ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403728-help-can-the-agent-terminate-the-lease/#post-4648483 Tue, 24 May 2011 08:27:36 +0000 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]

]]> e5932329b7cd963ad1ec4decfd12d076 eilatan28 replied to the topic experience in negotiating with tennants ? in the forum thanks angel, yes, very https://www.propertyinvesting.com/topic/4403305-experience-in-negotiating-with-tennants/#post-4645592 Fri, 08 Apr 2011 10:21:01 +0000 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]

]]> 99e090efe98447f1fc80f38da6c11ef1 eilatan28 replied to the topic experience in negotiating with tennants ? in the forum thanks cuteyoungchic, We https://www.propertyinvesting.com/topic/4403305-experience-in-negotiating-with-tennants/#post-4645590 Thu, 07 Apr 2011 11:48:38 +0000 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]

]]> 14048f35cd9dbd07b96101364c2d7762 eilatan28 replied to the topic vendor terms in the forum Finance https://www.propertyinvesting.com/topic/4402826-vendor-terms/#post-4642278 Mon, 21 Feb 2011 04:51:56 +0000 thanks paul,i have a deposit available to use, im just trying to get my head around how it all works. if i have any luck il be in touch.thanks againnatalie

]]> e64aefa493496f1e83777ad1496528a9 eilatan28 replied to the topic vendor terms in the forum Finance https://www.propertyinvesting.com/topic/4402826-vendor-terms/#post-4642276 Fri, 18 Feb 2011 12:45:04 +0000 thanks so much luke and paul for your responses. yes i guess i need to establish that first. the property is currently managed through a property manager – is it wrong / rude to bypass him and deal with the owners direcly though ?? their contact details are not on any of the lease forms i have. would the local council be able to provide these…[Read more]

]]> 5ba63ecf62f26395a0bb7c4e89fbb267 eilatan28 replied to the topic tax question in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402729-tax-question-5/#post-4641518 Thu, 10 Feb 2011 04:38:24 +0000 thanks so much for the clarification guys!!! much appreciated!!

]]> 1174016f627e1fca049ede7863fd2dbf eilatan28 replied to the topic tax question in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402729-tax-question-5/#post-4641515 Wed, 09 Feb 2011 07:03:50 +0000 so is it just the portion i use that wont be tax deductible or the whole loan ???i dont expect to claim the interest on the part i use for personal use, i just want to be able to access funds without having to have to sell my original PPOR .is that were the split loan thing comes in handy ? so it keeps the loans separate so i (and my accountant)…[Read more]

]]> c4c141233b739fc69930874f932b0931 eilatan28 replied to the topic tax question in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402729-tax-question-5/#post-4641513 Wed, 09 Feb 2011 04:58:05 +0000 hi dan thanks for the reply.  so even if the money has been sitting there in offset for a considerable period of time (months) i still cant use it for private use ?? The original purpose of the refinance was to get access to our equity in case we ever needed emergency money or for if we were to buy another investment property.  is there any o…[Read more]

]]> b291e1347282a239c2dfb47c30e8dcb6 eilatan28 replied to the topic Investment Advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4402323-investment-advice-10/#post-4638938 Mon, 03 Jan 2011 07:31:50 +0000 thanks JT7 – i forgot to mention the 6 year thing!!

]]> 786dbd86388a0de62d21b8f07089517e eilatan28 replied to the topic Investment Advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4402323-investment-advice-10/#post-4638936 Sun, 02 Jan 2011 10:40:26 +0000 hi wattoette,  i read that same article, and i think it WAS about her now choosing to rent where she lives as apposed to having a massive mortgage herself.  that way, she has a larger amount of money available to fund other investment properties. – a common strategy used by some if they are happy renting themselves.for your other question – do y…[Read more]

]]> 17169e81cf27c3468a6515e15618f79b eilatan28 replied to the topic CGT exeption question in the forum Help Needed! https://www.propertyinvesting.com/topic/4402261-cgt-exeption-question/#post-4638577 Thu, 23 Dec 2010 02:35:01 +0000 thanks so much dan42!!!just the answer i was after. much appreciated!!!!

]]> cf9d978ea185910604674d6c0cfbe553 eilatan28 replied to the topic What are the potential tax benefits? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402081-what-are-the-potential-tax-benefits/#post-4637493 Mon, 06 Dec 2010 10:58:49 +0000 wow! glad im in vic!!!! good job on the negotiations then!!! good luck

]]> 61728acf124a6e28e4adb8ad2e2d8299 eilatan28 replied to the topic What are the potential tax benefits? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402081-what-are-the-potential-tax-benefits/#post-4637488 Thu, 02 Dec 2010 06:02:37 +0000 12% agents fee !!!!!!! wow what state are you in ?? that seems really steep to me. ours charges 6% (melbourne SE suburbs) I would be trying to negotiage a better deal!! otherwise goodluck with everything and well done for taking the first step with your first IP!!!

]]> 1aee5770d2684e9bf41308121373c2f7 eilatan28 replied to the topic should i stay with the same bank? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400992-should-i-stay-with-the-same-bank/#post-4630624 Wed, 25 Aug 2010 10:17:05 +0000 thanks so much guys. currently with st.george. Annual package fee of $395 with offset and credit card facility included

]]> c176c87b4ef62c5a0b94386ebc7b631e eilatan28 replied to the topic pay off or interest only???? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400906-pay-off-or-interest-only/#post-4630034 Thu, 19 Aug 2010 00:21:07 +0000 so let me get this straight – (sorry im still new to this!)if loan is i/o my repayments would stay the same ($1840/month) but the amount of interest charged monthly would slowly decrease over time and with the more i had in my offset account. yeah? so although not paying the loan 'off' , my equity in the place would still increase provided market…[Read more]

]]> 19eac79a28228f278106e41f5f0ab03b eilatan28 replied to the topic pay off or interest only???? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400906-pay-off-or-interest-only/#post-4630029 Wed, 18 Aug 2010 11:23:36 +0000 thanks v8ghia, loan does already have an offset account but accountant thinks i should drop it ( they say that in reducing the amount of interest we get charged monthly it reduces our tax deductible expenses) i read that as we would expect a bigger tax return if we dropped the offset, but not sure i agree with this move. we are not in it for the…[Read more]

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