Its 100 percent tax deductable, you can add being a member of this to the new lease agreement , some lease agreements list certain problems are the responsibility of the tenant anyway, i am sure the tenant would be happy if he didnt have to pay for the cost of a plumber to come and unblock a toilet on a Sunday night.
unfortunately i am in the same situation,i did the webinar today ,our situation was the biggest talking point of the whole thing!!!!!! Most of the advice was to sell under performing assets rather than waiting for the market to turn,due to volatile interest rates .So if your skating to close to the edge , or feel the property has reached its…[Read more]
Hi all! children are not that hard financially !!!! I agree with daniel ,property is not easy to keep,you must keep an eye on your position constantly!!! I dont know why people troll through these forums spruiking about historical interest rates, over borrowing,and all the doomsday conspiracy theories,these people own nothing , dont have kids and…[Read more]
HI ALISTAIR i have chaged my user name, got sick of being referred to by second name !!! any way paynesville is where i am precisely!! newlands drive to be exact !!!! To my knowledge, the council ,dont require any of the things you mentioned ,they require a planning permit when you apply for a building pemit if there are erosion overlays etc…[Read more]
Hi all,I am on my fourth three lot sub devision !!! My surveyor tells me what i can get away with, you can apply for a building permit at the same time thats up to you ,in victoria ,from my , experience , it wont make any difference getting the sub division done first!!My current sub division in paynesville was done that way, i received three…[Read more]
Hi v8 its probably important to note i am a plumber / building estimator by trade,which helps when evaluating property upgrade costs.The woman i purchased the property from, dumped it when she got qoutes from various builders, the property is in east gippsland ,the builders quote at 10-12 thousand dollars per square , i use simonds homes who are…[Read more]
Hi all ,new to this forum,not new to property investing!!! since joining property .com i have found a property which was on the market for a while ,it is actually an old garage ,14 sqs, on 300 sq mtrs of land. It has a kitchen and a bathroom and one bedroom ,the external cladding has been rendered in sand and cement.I had a building inspector look…[Read more]
Hi all in response to whoever suggested i or my accountant fiddle books!!! well you need to look at your setup prior to purchase !!use a trust as grossrealisation suggested, but first, use an accountant with a background specific to property developement!!you will be suprised ….cheers john…….
Hi,am new to forums so here goes . In response to the question weather to sell or develope , i agonise over this one quite a bit ,i mainly do two and three lot subdevisions ,sometimes i sell two blocks and build on the third ,and sell ,or sellone build two etc .Recently while going over GST issues with my accountant he suggested i build all…[Read more]