Horsham is a decent sized regional town.  It has a hospital and a TAFE.  So those are good things to have.One negative I can think of is this: Look very closely at the water situation.  How is Horsham supplied with water at the moment?  Is it entirely reliant on tank water and bottled water trucked in from Adelaide?  Pretty sure last I heard, it w…[Read more]

lukey30 wrote:
Thanks Ryan. Still just a little confused as to how using e.g $80,000 in equity affects my first loan and/or how much I would need to borrow for my second property? Would that mean that if I bought a place for 400,000, the loan for my second place would be for $320,000???

Nope!You would have two mortgages to purchase the IP:…[Read more]

Terryw and Qlds007 are the userids of brokers that participate heavily on this forum.  Get in touch with them

Here are some tips on finding Cash Flow Positive property;https://www.propertyinvesting.com/forums/property-investing/help-needed/22508Here is the link to the discussion on the regular gathering of Melbourne Property investors.  Perhaps you should contact Adam and go along to the next…[Read more]

Are you Australian?  If so, do you plan to return to reside in Australia, and if so, where?If you are not Australian, have you checked out what sort of property you are and are not allowed to buy?The answers to these questions will have an impact on the responses you'll receive.

My understanding is that in this case, pepper could avoid CGT.  However, if Pepper was living in another house which he/she owns, then probably not, because the one being resided in is considered to be the PPOR and thus the CGT exempt property.  That is my understanding.  Not my legal advice hehehe.  A quick anonymous phone call to the ATO wou…[Read more]

take a look at this; https://www.propertyinvesting.com/forums/property-investing/help-needed/4330225

It could be true….   where have you been living been Jan 2011 and June 30th 2016?  If you have been living in another place that you own, and are declaring it to be your PPOR, then there will surely be CGT owing on the property you sold…

In response to 2)Do not do this.  The only ones to gain in such an arrangement is the bank (if something goes wrong, they get both properties!)  Do not cross colateralize

Speak to council to enquire how long a DA would take… but also drive around and speak to builders you find on working sites and ask them how long they have found DA approvals to take in your area.  Their answer could be rather different from what council tels you.

Yes, the cost is absolutely a big consideration.  I was planning to have only about 3 investment properties.  Enough rental return to retire on…

where is it located?

Congratulations Benjamin!

Hm. I'm trying to get my head around the "safest" structuring.  If someone intended to buy a few investment properties for the purpose of generating income for retirement (whether it be live off the rents, or sell properties upon retirement), would it be most appropriate to open one company, and under this have a series of Discretionary Trusts?  i…[Read more]

Hmm. Seems kinda unfair that people that can be bothered to save for property and offer rental accommodation to others have to wear such a substantial battle shield

CGT is one disadvantage that springs to mind.

Hi all, Really pleased with the info coming out of this thread – very very helpful   I have AAMI's "Landlord Insurance with Tenant Protection", which covers legal liability.  This covers (up to $10million) injury or death of any person other than me or my family.  So surely this would cover scenarios such as being sued if a tenant trips over the…[Read more]

Hi Benjamin, what's the standard % deposit a SMSF has to contribute to a property?  And are the banks currently being less difficult in lending to an SMSF rather than an individual?

How have they advertised your property?  Is it on the internet?  If so, maybe you'll post the link?  Perhaps the wording of the ad could be improved?

What suburb is it in?