Jacqui Middleton replied to the topic Use of SMSF to buy Property outright in the forum General Property 10 years, 8 months ago
As Terry and Richard have said, there isn’t sound logic to this advice. An income-producing asset that produces only 3% per annum is very low return. Perhaps the property will grow in value, perhaps it won’t. If it does then in theory if you need to sell it one day you could crystalize your gain by selling it and live off the cash pile till it…[Read more]
Jacqui Middleton replied to the topic Use of SMSF to buy Property outright in the forum General Property 10 years, 8 months ago
As Terry and Richard have said, there isn’t sound logic to this advice. An income-producing asset that produces only 3% per annum is very low return. Perhaps the property will grow in value, perhaps it won’t. If it does then in theory if you need to sell it one day you could crystalize your gain by selling it and live off the cash pile till it…[Read more]
Jacqui Middleton replied to the topic I need help with my gutters! in the forum Help Needed! 10 years, 8 months ago
There are various products for this such as those shown here:
http://www.bunnings.com.au/search/products?q=gutter%20guard&redirectFrom=Any
If you go with one of these, secure it, don’t just place it in the gutter or the wind will just whip it out. Talk to the good folks at Bunnings about all the options.
Also roofing and guttering companies…[Read more]
Jacqui Middleton replied to the topic Advice needed for first investment in Melbourne. in the forum Help Needed! 10 years, 8 months ago
Be wary of folks that have only one post to their name on the forums, and they pop a link in the post directing you to a paid service ;)
Jacqui Middleton replied to the topic Claiming Out of Pocket Expenses for Building an Investment Property in the forum Legal & Accounting 10 years, 8 months ago
It is interesting to observe this very topic was discussed in an article on page 10 of the July 2015 edition of “Your Investment Property” magazine. The consulting tax expert – an adviser specializing in property and taxation notes:
“If you are purchasing the block of land and constructing the dwelling for income-generating purposes, as soon as…[Read more]
Jacqui Middleton replied to the topic Claiming Out of Pocket Expenses for Building an Investment Property in the forum Legal & Accounting 10 years, 8 months ago
It is interesting to observe this very topic was discussed in an article on page 10 of the July 2015 edition of “Your Investment Property” magazine. The consulting tax expert – an adviser specializing in property and taxation notes:
“If you are purchasing the block of land and constructing the dwelling for income-generating purposes, as soon as…[Read more]
Jacqui Middleton replied to the topic Claiming Out of Pocket Expenses for Building an Investment Property in the forum Legal & Accounting 10 years, 8 months ago
It is interesting to observe this very topic was discussed in an article on page 10 of the July 2015 edition of “Your Investment Property” magazine. The consulting tax expert – an adviser specializing in property and taxation notes:
“If you are purchasing the block of land and constructing the dwelling for income-generating purposes, as soon as…[Read more]
Jacqui Middleton replied to the topic Claiming Out of Pocket Expenses for Building an Investment Property in the forum Legal & Accounting 10 years, 8 months ago
It is interesting to observe this very topic was discussed in an article on page 10 of the July 2015 edition of “Your Investment Property” magazine. The consulting tax expert – an adviser specializing in property and taxation notes:
“If you are purchasing the block of land and constructing the dwelling for income-generating purposes, as soon as…[Read more]
Jacqui Middleton replied to the topic Claiming Out of Pocket Expenses for Building an Investment Property in the forum Legal & Accounting 10 years, 8 months ago
It is interesting to observe this very topic was discussed in an article on page 10 of the July 2015 edition of “Your Investment Property” magazine. The consulting tax expert – an adviser specializing in property and taxation notes:
“If you are purchasing the block of land and constructing the dwelling for income-generating purposes, as soon as…[Read more]
Jacqui Middleton replied to the topic Claiming Out of Pocket Expenses for Building an Investment Property in the forum Legal & Accounting 10 years, 8 months ago
As the others said. It’s a capital cost. And you cannot claim any “claimable immediately” items till it is available for rent anyway.
Jacqui Middleton replied to the topic Land tax grab in the forum General Property 10 years, 8 months ago
Hi MsTrump
That’s a lot of information you are after that is specific to your own circumstances. Realistically you would need to discuss your circumstances with an appropriately-skilled accountant (and they would charge for this service). Key being “appropriately skilled” accountant. Someone that works day in day out with people investing in…[Read more]
Jacqui Middleton replied to the topic Starting off in Real Estate in QLD in the forum Help Needed! 10 years, 8 months ago
She is still going to have to do assignments afterwards so access to a computer would be helpful if doing the course via distance ed on CDs, but they do offer printed course manuals instead, so that would probably be the best option for her.
Jacqui Middleton replied to the topic Starting off in Real Estate in QLD in the forum Help Needed! 10 years, 8 months ago
She is still going to have to do assignments afterwards so access to a computer would be helpful if doing the course via distance ed on CDs, but they do offer course manuals instead, so that would probably be the best option for her.
Jacqui Middleton replied to the topic Short term finance or short term lending business in the forum Finance 10 years, 8 months ago
There are people on these forums with experience in the field you refer to, but what is your question?
Jacqui Middleton replied to the topic Short term finance or short term lending business in the forum Finance 10 years, 8 months ago
No the definition of short term finance is not a loan below $2000. It can be any amount, and the duration can be as short or as long as desired, depending on what the lender is prepared to offer.
If you explain the reason for your question it might make it easier for folks to respond.
Jacqui Middleton replied to the topic Starting off in Real Estate in QLD in the forum Help Needed! 10 years, 8 months ago
Hi Poe
Irrespective of how many days the course is squeezed into, there will still be assignments to be completed.
The path of least resistance to get her up and running would be to look for a role in Administration or Reception with a real estate firm, or to look at junior Property Manager roles. The reason I say this is because these tend to…[Read more]
Jacqui Middleton replied to the topic Starting off in Real Estate in QLD in the forum Help Needed! 10 years, 8 months ago
Hi Poe
Irrespective of how many days the course is squeezed into, there will still be assignments to be completed.
The path of least resistance to get her up and running would be to look for a role in Administration or Reception with a real estate firm, or to look at junior Property Manager roles. The reason I say this is because these tend to…[Read more]
Jacqui Middleton replied to the topic Would you buy in a dodgy area? in the forum General Property 10 years, 8 months ago
Absolutely happy buying in dodgy areas. While it is a generalized comment to make, folks happy to actually LIVE in the dodgy area (ie as tenant) are not always aspiring to buy their own home (tenants for life which is good for you the landlord) but rather spend available income on luxury items such as a new tv.
Jacqui Middleton replied to the topic Noob needs help in the forum Help Needed! 10 years, 8 months ago
A good place to start is to understand ability to finance. There have been a lot of changes in this space lately. Understanding roughly how much you can borrow and for what sort of properties in what short of locations will help you avoid wasting time and confusion looking strategies that you are simply ineligible for from a lending perspective.
Jacqui Middleton replied to the topic Can you switch from commercial mortgage to residential loan? in the forum Finance 10 years, 8 months ago
Note while there is a mortgage over it I hope (at least not without first discussing with your mortgagee. You’d be in break of your mortgage agreement if you suddenly demolished the building that made the security the bank holds worth less (even if only for a little while till you construct again). Tread with caution on this point.
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