https://www.propertyinvesting.com/members/limited-recourse/activity/ Activity feed for Limited Recourse. Mon, 13 Apr 2026 02:43:10 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 44e83a1a211200c9a7ac11abe540df57 https://www.propertyinvesting.com/topic/4402088-bank-refusing-to-allow-or-accept-a-revaluation-of-my-property/#post-4637523 Sat, 04 Dec 2010 04:28:52 +0000 Matt your getting your knickers in a knot over something that isn't important. Better to expend your energy on acquiring another appreciating asset rather than worrying about what you already achieved. If its your home its not an asset but a liability your paying with income after tax rather than being paid and claiming a deduction on your…[Read more]

]]> 53dc8a84857223bc8ed1155832c5d390 https://www.propertyinvesting.com/topic/4402084-next-investment-city-or-country-strategy/#post-4637508 Sat, 04 Dec 2010 04:13:20 +0000 The problem with most cash flow positive properties is two fold. First in order to purchase a cash flow property where the rents exceed the outgoings the amount of Capital growth is often limited because of the location. The second issue if it is cash flow positive is that your invested funds have to work harder because you pay more tax when…[Read more]

]]> 9486c716bb166e49121e478936854fae https://www.propertyinvesting.com/topic/4401298-the-aud-is-flying-are-people-doing-anything-different/#post-4632461 Thu, 25 Nov 2010 10:53:48 +0000 The high $A has come full circle. Back in 1974 when I first arrived in Australia it took $1.50 U.S. to purchase an Aussie $.I started in July 2009 using the rent money from my properties in our Super Fund which are paid out to build a reserve of Gold Bullion so that 5% of our super assets will be in Gold Bullion.Gold Bullion long term is a te…[Read more]

]]> 014894a4be0500c89232f7f556ad066e https://www.propertyinvesting.com/topic/4401872-australian-property-bubble-article-on-associated-press/page/2/#post-4636116 Thu, 25 Nov 2010 10:40:40 +0000 Hi DWOLF;                    I'm not a blue sky property investor. Times are tough. The last 20 years has been easy to make money in the property market. The next 10 years will sort out the wannabees from the real investors. The reason why I buy pencils with erasors on the end is it helps when I make a boo boo  I call it my investment educatio…[Read more]

]]> c078a2a7bb8c3a5c54170c43822cb9ed https://www.propertyinvesting.com/topic/4401978-we-own-two-properties-credit-card-maxed-out-feel-like-weve-hit-a-brick-wall-what-would-you-do/#post-4636807 Thu, 25 Nov 2010 10:14:59 +0000 If your a serious property investor and you want to go to the next level then your better off to sell your family home and rent a nice house (so your wife doesn't divorce you) Your home is capital gains free. Set your finances up so you have an investment reserve before you proceed to your next investment property. A good rule is to have 6 months…[Read more]

]]> 74013c1df8893a6729a5403fa1dcf239 https://www.propertyinvesting.com/topic/4401930-somersoft-recent-moderation-goings-on/#post-4636477 Thu, 25 Nov 2010 09:38:35 +0000 Hello Winston nonrecourse on the Somersoft site before they kicked me off Much nicer group of people here. With all the quality people that Keith the moderator at SS have pushed out its populated by mostly light weight wannabees like our friend Keith.This site will enjoy your insight. I have found people a little more respectful of the message th…[Read more]

]]> 0b6ff5bb56d0726baf1b8c54fd5f3896 https://www.propertyinvesting.com/topic/4401872-australian-property-bubble-article-on-associated-press/page/2/#post-4636114 Thu, 25 Nov 2010 09:15:17 +0000 So investing in real estate is terrible for the economy eh?…. We should all go out and buy shares so that Goldman Sachs and the rest of the shake down merchants can help the economy grow My properties provide the state government with a river of gold in good and bad times called land tax and stamp duty. The councils get money from my rates to…[Read more]

]]> 0ce05d1d139b124b75bc77766795c928 https://www.propertyinvesting.com/topic/4400937-tell-me-how-you-got-started/page/2/#post-4630237 Fri, 12 Nov 2010 04:11:49 +0000 [That's bad advice. You shouldn't invest in property for tax concessions. The choice you make comes down to many factors, one of which is your individual risk profile. What do you feel comfortable with?There's no real right or wrong answer – it comes down to what you feel comfortable with. All three options above, in my book, are better than doing…[Read more]

]]> a3b687ab8c99ddd850a98a9054470046 https://www.propertyinvesting.com/topic/4401820-property-and-silver-mistake-or-not-mistake/#post-4635740 Thu, 11 Nov 2010 13:24:33 +0000 Hello Intrigue;                          I have purchased gold bullion through my super fund from ainslie they are a reputable firm. You can also purchase gold/silver through the Perth mint.Back in 1978 I had a student loan of $600 that I was going to use to purchase silver futures until my father got wind of my scheme and put a stop to it. I watc…[Read more]

]]> b3c4c2a5538b517881a412215b92ee34 https://www.propertyinvesting.com/topic/4401812-borrowing-money-using-unit-in-property-trust-asset-as-security/#post-4635711 Thu, 11 Nov 2010 12:28:43 +0000 Hi Jacqui;                  nab did it for me back in 2005. I set up a hybrid unit trust and I personally borrowed the funds and the building in the Trust was used as security. I had originally wanted to use a Hybrid discretionary trust but my solicitor guided me away from that. He set it up so that all the income units flowed back to me plus m…[Read more]

]]> 76a772421d81254dbcfa5a23e08ffb36 https://www.propertyinvesting.com/topic/4401756-keeping-income-tax-to-a-minimum/#post-4635433 Mon, 08 Nov 2010 09:00:21 +0000 If you invest in new property and obtain a depreciation schedule you will get an immediate non cash deduction of 2.5% of the total value of the building each year for 40 years. Please note that is the building component that depreciates not the land. So say you purchase a $400,000 investment property and the building is worth $200,000, voila thats…[Read more]

]]> 822fdeb47413465f8d8325419fa12e34 https://www.propertyinvesting.com/topic/4401534-tax-deductability-of-loan-interest/#post-4634204 Fri, 29 Oct 2010 20:19:57 +0000 If you also want to get rid or reduce most of that capital gain you buy another IP in the same financial year in the month of June ideally and take out a interest only loan prepaying the interest a year in advance. This can be offset against the capital gain.

]]> 7608743afa1bcd49d05d9f58710e473f https://www.propertyinvesting.com/topic/4401551-tax-treatment-of-property-not-rented-in-fy/#post-4634235 Thu, 28 Oct 2010 06:59:08 +0000 Excellent response Mr501                                                         Everyone has an opinion but in a court of law its called heresay.The safest course if your not sure is to obtain a written legal opinion as each case has its variations.Regards NR

]]> a417f362f3b107c3276ef4dff925a109 https://www.propertyinvesting.com/topic/4401619-improve-a-property-in-an-smsf-compliance-issue/#post-4634732 Wed, 27 Oct 2010 09:47:13 +0000 Hello grateful;                        Back in the early noughties we had a commercial property that our SMSF controlled that needed significant improvement made on it in order to lease it out.It meant reborrowing up to the original loan. The tax office and our accountants told us it was a no go. We didn't accept the advice because commercial…[Read more]

]]> d67b5cbd5bb008d7ffd8c480f1770d4c https://www.propertyinvesting.com/topic/4401456-unpaid-present-entitlements/#post-4633787 Mon, 11 Oct 2010 13:05:26 +0000 Your correct Terryw the trust doesn't have the cash and as far as diluting the other units the value of the property has increased 150% in 5 years. More to the point we bought well . As for diluting the value of the other units we started with $1 units and the accountant has not bothered to revalue them even though I have made him aware of the…[Read more]

]]> d8a9813d748b73428f91ec6633f7ef59 https://www.propertyinvesting.com/topic/4401456-unpaid-present-entitlements/#post-4633785 Mon, 11 Oct 2010 06:32:04 +0000 Terryw & Dan42;                             Thank you for responses. Terryw;          In the detailed balance sheet under current Liabilities/Financial Liabilities/ Unsecurred/ it has Unpaid present entitlements and then my name. The Hybrid trust does have a corporate trustee but the profit flows back to me directly i.e. 100% of the fixed incom…[Read more]

]]> 5de8b15b927768ade731539f24891ae1 https://www.propertyinvesting.com/topic/4401420-any-info-on-nras-housing/#post-4633569 Sun, 10 Oct 2010 13:32:31 +0000 Just a word of caution with regards to any government scheme such as NRAS. My take is stay away from anything to do where you are reliant on the government doing the right thing. With this scheme you charge a rent that is below market rates and get some government tax incentive.Cast your mind back to 1. the Telstra share float, 2. the Victorian…[Read more]

]]> 59ae9d39fdf07a0f76803771c08dbef9 https://www.propertyinvesting.com/topic/4400803-seaford-vic-2/#post-4629488 Sun, 08 Aug 2010 14:25:53 +0000 Keep renting and watch your investment property compound into a million dollar investment. A home is not an investment its a lifestyle that costs you money to maintain. You can have a nice home but you need to allow your investment seed to mature first.

]]> 214fe01efb7da6b1fbea94160ea6431d https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/4/#post-4601893 Sun, 08 Aug 2010 14:20:01 +0000 [Sounds like you've done well.One question is- do you think that paying off as much of the priciple early on (or any time) cost you money in the big picture?. I say this because this money can be used as a deposit for an additional property.30% LVR's seems very consevative and a very low risk tolerance.I was told that a 60% LVR is a point that…[Read more]

]]> b998fa073b19295250145bed5b792364 https://www.propertyinvesting.com/topic/4399405-the-climate-is-changing/#post-4621275 Sun, 01 Aug 2010 03:38:32 +0000 Yawn. When I was a boy we had the doomsday clock set at one minute to hell before nuclear war was going to obliterate all life forms on earth. In the 1970's when the first oil crisis (government tax scam) was hoisted on the unsuspecting public, I remember my father laughing and saying there was enough tar sands oil in Alberta Canada alone to s…[Read more]

]]> ac89eed78bd2d9b38f84edef319f52bb https://www.propertyinvesting.com/topic/4400532-borrowing-in-a-smsf/#post-4627907 Mon, 19 Jul 2010 13:22:21 +0000 For 15 years we had to put up with listening to accountants and their linked financial planners who tried to push us to sell our commercial business properties that our family solicitor advised us through setting up a unit trust that our SMSF controlled.The nonsense of diversification by just holding paper equities was shown to be an emperor w…[Read more]

]]> 273719af48c64048e988a047c43ebb35 https://www.propertyinvesting.com/topic/4400449-buying-inside-a-smsf/#post-4627484 Mon, 19 Jul 2010 11:07:20 +0000 Just to follow on about the anti-detriment payment. When your super fund pays out the antidetriment payment it (the SMSF) is credited with a tax deduction that the remaining members in your SMSF gain and the tax deduction can be a gold mine for the remaining SMSF beneficaries.

]]> 8efdaad122f6dc54eacbf6db2a567650 https://www.propertyinvesting.com/topic/4400449-buying-inside-a-smsf/#post-4627483 Mon, 19 Jul 2010 10:57:18 +0000 In addition to Evolve's explanation with how to keep a property in a 4 member SMSF when a senior members die and death benefits need to be paid out. As pointed out insurance proceeds can help. Better yet is to set up a seperate reserve account in your SMSF with a seperate investment plan to ensure there is enough money to pay out the death…[Read more]

]]> d050a2d7559d69115dcdddc4c9c45eb3 https://www.propertyinvesting.com/topic/4400582-should-i-set-up-a-trust-for-my-first-ip/#post-4628173 Mon, 19 Jul 2010 10:06:15 +0000 In response to wonderland and BB8 the statistics with property investors is that up to 17% of investors purchase 1 property, 8% 2 properties 2% 3 properties and 0.2% for six or more properties. The reason this is so is that most investors do not have a long term investment plan that they have written up. With property if you have a long term goal…[Read more]

]]> ef921c24005ba9b7eed7b2b0258d5d13 https://www.propertyinvesting.com/topic/4400034-looking-for-an-accountant-property-and-tax-specialist-in-western-melbourne/#post-4624924 Mon, 28 Jun 2010 08:00:01 +0000 Went to a seminar last Wednesday with a friend and the group is lawyers/accountants  that specialize in property and advise on the most tax effective and asset protection angles. I am already set up so don't need their services;http://www.lanteri.com.au/

]]> 49c2630602488470787843602f7af53c https://www.propertyinvesting.com/topic/4400343-sshh-this-is-a-secret/#post-4626882 Mon, 28 Jun 2010 05:20:34 +0000 Problem with putting Life and TPD in super (I have) is yes you do get a tax deduction but at the other end you or your beneficiaries pay tax on that payout.

]]> 0204776b3337112578e8f229fe51cd0b https://www.propertyinvesting.com/topic/4400388-advice-regarding-sworn-valuation/#post-4627103 Mon, 28 Jun 2010 05:13:31 +0000 Not strange at all Terry. Recently my nab Banker also gave me the names of two valuers they would accept. The question I would be asking Obiwann 22 is… before spending money on a valuer after only 6 months is.. Has Obiwann 22 had a quantity surveyor provide him with a depreciation report of all the noncash deductions he is entitled to claim…[Read more]

]]> d30a82b04078cea327349e9664927fbf https://www.propertyinvesting.com/topic/4400288-new-idea-your-ppor-as-your-smsf/page/2/#post-4626302 Mon, 28 Jun 2010 03:38:15 +0000 Most people like to think of their PPOR as an investment…..Most people have to retire on a centre link pension because they confuse investing with their aspiration to "own" a flash home with all the goodies. Problem is that flash home with all the goodies takes money out of your pocket week in week out with no return. An entire generation of…[Read more]

]]> ce90ee080096b180c55c261dd8b98610 https://www.propertyinvesting.com/topic/4399882-putting-up-with-the-people-who-knock-you/#post-4624230 Mon, 28 Jun 2010 02:21:58 +0000 With regards to remaining positive I find having a library now of over 200 books on real estate and constantly re-reading the material, attending seminars on Trusts ,Tax and accounting has resulted in people saying to me its ok for you because your an expert. Definition of an expert? A big drip under pressure

]]> 3bbaad33ed8f16638a4a39a1350f3bb8 https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/4/#post-4601891 Sat, 19 Jun 2010 13:15:20 +0000 Hi; We just capitalised our interest in advace for 12 months 100K + for one property. But we also are cross collateralised and also have properties in our SMSF of which we have paid out with good cash flow so the bank is happy to accomodate us.I would also say that the days of securitised loans are over and if you do not have a huge amount of…[Read more]

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