Good Day Liz,
All the questions you have are very subjective
but I would say you should thoroughly review both potential options & the potential outcomes of both, the risk etc & that should give you a better idea.
or seek professional advice.
wish you all the best!
JPA Financial…[Read more]
why wouldn’t you?
JPA Financial services
DISCLAIMER: This email contains general information only. It does not take into account your objectives, current financial situation or needs. Please consider the appropriateness of the information in light of your personal c…[Read more]
Good to see your learning,
Never heard of him, However, I did review a few vids as I was interested.
The way I see it, everyone has a lesson.
You watch for both sides of the positive & negative and you’re going to learn a lot more than just picking up one side.
I personally am not a big fan of getting in debt for assets…[Read more]
Hmm, interesting issue mate,
So firstly this is a potentially complex legal issue that you would need specific professional advice.
It would be an expensive exercise to follow through with depending on what outcome you’re after?
there are lots of cases & lawsuits against x y & c to recoup damages you incur.
there are lots of cases you can…[Read more]
Good Day Jaidyn,
are you talking in relation to purchasing a property? generally, they both serve the same purpose if its simply to assist the transfer of ownership to you?
Enjoy your week!
JPA Financial services
DISCLAIMER: This email contains general information only. It…[Read more]
Good Day David,
Mate, I am based on the gold coast but love talking to anyone about the financial value of properties & happy to try to answer any & all questions.
the value on this website is unreal & has so many great “value adds”
I hope you find some great people to deal with locally as well :)
Enjoy your week!
Great post, I think this shows the importance of a few really key financial basics.
Reducing expenditures (to better invest that created excess)
Minimizing Taxation / structuring
Love forecasting for myself :)
Good Day Mandar,
I agree for most situations I do not see why you wouldn’t get an asset that makes money instead of losing it. :) (some exceptions)
So not always remote (depending on your view of such)
So you study the vacancy rates / call agents, study the area & understand the staple local economic situation e.g. fa…[Read more]
Good Day Ari,
Firstly the fact you are aware & cautious is an absolute virtue & not making a bad step early & knowing what & how to navigate can change your financial future & be wary of anyone selling you a product
I can’t stress enough how many great pieces of information are on this forum & if you do not understand something then why would…[Read more]
Cohuna, Moe, Ballarat, traralgon and many more.
in these areas & many others there are properties 100-250k with similar options as the one mentioned.
All the best!
Most of these areas & more will have similar properties that have been sold renovated which will be an easy indicator its met your area (if you can produce a similar product…[Read more]
Good Day Scott,
Terry &Richard both are experienced and exceptional at what they do.
Your plan/strategy has merit although compared to other options & plans it may, however, be a slower process to reach your “end goal”.
the fact you are at this stage & understand a fairly good idea of where you would like to end up is massive,
Personally I bought properties I have never seen.
-study the area online
-call local real estate/property managers to learn about area
-get reports from everything relevant
-if everything adds up and you have insured the downside you have the capacity to add more value, open yourself to more areas of growth with greater…[Read more]
“do something you love and you wont work a day in your life”
BB I came to a similar point I realized I needed more income to grow the portfolio I wanted in the time frame I desired.
Think more about what your willing to do and look at what you want, lifestyle, hours, study, etc.
everything in life has a cost, work out what your willing to do…[Read more]
Ok, providing it complies with the body corp bylaws and your not altering any external space you can do this, the issue is it technically is not zoned, approved as a 2bedroom so for resale you should and can list as a 1bed or 1+
but I have heard of cases of people being compensated for buying a 3b that was legally a 2 bed and study.
in regards to…[Read more]
Sorry, yes in the above case its for PPOR, which is not deductible.
and you answered the question I had as well, as I thought.
now in relation to the above
is there a work around for deductions on that IP if he uses it eventually for PPOr
for e.g. putting equity from IP into Term Deposit then parking in offset, does that mean the debt created…[Read more]
The use of funds is for an IP? an income producing asset?
So if he used those funds for another IP, then the interest is deductible?
There is no private purposes. just using equity in IP 1 to buy IP 2.
no mixing at all?
would this then work?
even if he created a new loan on the current IP, that would be deductible wouldn’t it?
its not mixing the loans, its creating a new one at the full loan amount? that way the interest is deductible?
or am I missing something.
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