PropertyInvesting.com | livewildcard | Activity https://www.propertyinvesting.com/members/livewildcard/activity/ Activity feed for livewildcard. Mon, 06 Apr 2026 15:50:00 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1997b2df25d674a466ddfcb393639d3b livewildcard replied to the topic Tax Depreciation in the forum Help Needed! https://www.propertyinvesting.com/topic/4408471-tax-depreciation-2/#post-4684104 Tue, 22 Jan 2013 00:08:26 +0000 Couple years ago I was under the same impression why claim depreciation if i have to pay it back.

Yes I was wrong. At the time I think it was just Capital Works that effected your CGT stuff. Think it has now changed to be all depreciation.

I had a good chat with the guys at BMT Depreciation about it and claiming depreciation and they set the…[Read more]

]]> 55ac3ad95224b3117ea92b02ab03b774 livewildcard replied to the topic Overseas property depreciation rules in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407560-overseas-property-depreciation-rules/#post-4677040 Mon, 17 Sep 2012 22:15:09 +0000 Think its dependent on where the moneys being claimed is it offshore or is everything coming back to Aus etc. I think that makes a difference

]]> e3fd4caaa9feda22578e96293be5f549 livewildcard replied to the topic Non Disclosure on section 32 in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407549-non-disclosure-on-section-32/#post-4676957 Thu, 06 Sep 2012 04:17:02 +0000 Can you literally build a bridge and get over it.

]]> b8f6ab222e5faf745600e116653e0865 livewildcard replied to the topic high rise building construction cost in the forum Help Needed! https://www.propertyinvesting.com/topic/4407406-high-rise-building-construction-cost/#post-4675864 Tue, 21 Aug 2012 03:58:07 +0000 http://www.bmtqs.com.au/ConstructionCostCalculator.aspx

Using this it gave me a cost of about $15.9m to $17.5mil using 8500 sqm and 8 or more level unit building with lift and basement car park.

You could call a few quantity surveyors I think they do estimate or construction estimates or something but obviously you would have to pay for this I…[Read more]

]]> 874a081599c8f4bb5f9302b3a4676eb2 livewildcard replied to the topic Does saving work for you? in the forum Opinionated! https://www.propertyinvesting.com/topic/4403128-does-saving-work-for-you/#post-4644023 Tue, 21 Aug 2012 01:36:14 +0000 I agree with Duckster. Online savings and the savings system there is really no incentive is there? 

]]> 8c87d97923cf264bbcb5dc54714d43c8 livewildcard replied to the topic TICA removal by agent not possible? in the forum General Property https://www.propertyinvesting.com/topic/4407401-tica-removal-by-agent-not-possible/#post-4675820 Sun, 19 Aug 2012 21:49:50 +0000 I think the comment does answer your question. The landlord needs to agree to notify TICA of any changes, not the property manager. The property manager more than likely could help by contacting landlord and arranging etc but chances are for the stuff they deal with every day probably couldnt give a rats about your issue.

]]> deccc8ac0612ce5aa5e2a3ffcd2b5fe1 livewildcard replied to the topic Adverse Possession - the "free" method in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407374-adverse-possession-the-free-method/#post-4675564 Fri, 17 Aug 2012 06:08:09 +0000 Yes they show up, after 15 years you have been paying x y and z for everything then to be told bad luck not yours etc.

Seems a lot of energy and time with a small guarantee of success.

]]> 6dbcc833b26c2ee6a4e0d86356df2bd8 livewildcard replied to the topic Negative Geared Property killing us in the forum Help Needed! https://www.propertyinvesting.com/topic/4407365-negative-geared-property-killing-us/#post-4675510 Fri, 17 Aug 2012 03:01:00 +0000 How much depreciation. $2k might not be the $15k your entitled to I think thats what people are asking. I have a a few properties that are around 3 years old some are $8k some are $35k per year roughly (see depreciation term doesnt help need figures).

I would estimate a unit that is only 2.5 years old should be getting at least $8-10k minimum surely!

]]> 683aa3350429a7c56293bc0d8b27063c livewildcard replied to the topic Adverse Possession - the "free" method in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407374-adverse-possession-the-free-method/#post-4675560 Fri, 17 Aug 2012 02:57:15 +0000 Sounds like a lot of work for what if's

]]> 9abd8fa5f9348566ab15510111e7f16a livewildcard replied to the topic Property Investing App in the forum Help Needed! https://www.propertyinvesting.com/topic/4407370-property-investing-app/#post-4675542 Thu, 16 Aug 2012 05:07:05 +0000 Done some more research here are some links

Pricefinder Iphone: http://itunes.apple.com/au/app/pricefinder/id412545272?mt=8&ls=1

Princefinder Android https://play.google.com/store/apps/details?id=com.pricefinder.android

BMT Tax Calculator Iphone http://itunes.apple.com/au/app/bmt-tax-calc/id471823532?mt=8

BMT  Tax Calculator…[Read more]

]]> 3e677cd6d3b3ecef567ff034d0fa7f3f livewildcard replied to the topic Property Investing App in the forum Help Needed! https://www.propertyinvesting.com/topic/4407370-property-investing-app/#post-4675541 Thu, 16 Aug 2012 04:41:11 +0000 Domains app is really good. I use it all the time whilst out and about see what is avaliable around the area it works well.

BMT's construction calculator app and depreciation app I keep to run some numbers by if I need too.

I also subscribe to Price Finder and their app is always really good to help check past sales, comparables etc when looking…[Read more]

]]> 2abeead0e7dbc665011ded193b6648e5 livewildcard replied to the topic Setting up a Company for investing in the forum Help Needed! https://www.propertyinvesting.com/topic/4407368-setting-up-a-company-for-investing/#post-4675537 Thu, 16 Aug 2012 00:40:43 +0000 Personal vs company vs trust vs not investing vs headaches vs sleep time.

A fun merry go round it is.

]]> 9b129a29c0592479b1304fcd15af11d1 livewildcard replied to the topic LAND AND BUILDING COSTS in the forum Commercial Property https://www.propertyinvesting.com/topic/4403598-land-and-building-costs/#post-4647476 Thu, 16 Aug 2012 00:39:22 +0000 Yes number of ways to look at.

Rawlinsons construction handbook think its about $400 but may be able to source from somewhere and they may have online rate or something I havent checked

Construction calculators like Scott No Mates mentioned like http://www.bmtqs.com.au/ConstructionCostCalculator.aspx and if you are signed up to their mailing…[Read more]

]]> 1a04d4ea5ec239616e62be7ee94d5d69 livewildcard replied to the topic Negative Geared Property killing us in the forum Help Needed! https://www.propertyinvesting.com/topic/4407365-negative-geared-property-killing-us/#post-4675506 Thu, 16 Aug 2012 00:32:09 +0000 Are you claiming depreciation? How much? Was it done properly could you be getting more I'd look at that as well.

]]> 093a5de8dd2885b3c0ec73b1145a23d6 livewildcard replied to the topic Removal of Depreciation in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407362-removal-of-depreciation/#post-4675477 Wed, 15 Aug 2012 06:24:14 +0000 Thanks guys for the insights be good to see what happens or if I can get a hold of this paper they are talking about to have a read what kind of proposals or changes are being made.

I heard today changing rates around for depreciation is now on the cards rather than abolishing it. For example a rate of a certain building will depreciate…[Read more]

]]> 29866b359bc506a9c05c008a9ef1e010 livewildcard replied to the topic Removal of Depreciation in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407362-removal-of-depreciation/#post-4675474 Wed, 15 Aug 2012 03:01:00 +0000 Yes I agree these things always come and go when they realise what ramifications and recourse there would be.

There is such a shortage in housing and everyones trying to stimulate people buying/building houses then they go and make it even harder by removing some of the benefits of doing so.

Sure, if you can afford if before/after depreciation,…[Read more]

]]> 82f10ca572203b6c82e46a00013bd6e0 livewildcard replied to the topic New to the forum in the forum Did the very same thing https://www.propertyinvesting.com/topic/4407355-new-to-the-forum/#post-4675389 Tue, 14 Aug 2012 23:26:53 +0000 Did the very same thing recently. Had a PPOR that was not really exactly where we wanted to live but hey, we got onto the ladder. We then moved into a newer home and started renting out the PPOR. I had completed heaps of renovations over the years we were there and didn't think anything of it until I had BMT Tax Depreciation come in and do a…[Read more]

]]> 2ffee56f5d7d7d7c5ea5f29a207eab02 livewildcard replied to the topic My Scenario selling? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407312-my-scenario-selling/#post-4675072 Thu, 09 Aug 2012 06:56:46 +0000 Sorry Freckle, Hunter, NSW (Newcastle)

]]> 55d92ae0b37ba7a8b5e07a1250b98cb7 livewildcard replied to the topic My Scenario selling? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407312-my-scenario-selling/#post-4675070 Thu, 09 Aug 2012 06:43:40 +0000 I think the right term is nothing tears friends family apart than shacking with them! Haha

No we didn't want to do that because of our dogs and kid < 6 month old.

If we found the right buyer to let us rent it back for a 6 month lease could be handy until the final place is built. Will definetly discuss this with the REA when we meet. Failing…[Read more]

]]> 54252928b30024af34c0230e91d2acdd livewildcard replied to the topic My Scenario selling? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407312-my-scenario-selling/#post-4675067 Thu, 09 Aug 2012 06:32:05 +0000 That is a possibility Santh, yes it could be hard trying to find the right buyer but it could work – I have a meeting with the real estate agent soon so may have to discuss what he thinks about this scenario.

]]> 1f1b7d7ab629d42026894c65efae59ac livewildcard replied to the topic My Scenario selling? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407312-my-scenario-selling/#post-4675065 Thu, 09 Aug 2012 06:26:31 +0000 Thanks JacM good thing to add to the list I'll have a good read of that see what it says and let you guys know.

I'm hoping to get the Real Estate on board early so few days after we move out, (want to finish a couple of things) can have some photos etc done and straight on the market.

]]> 6e8ec573f43e43fa15c31d61686c4547 livewildcard replied to the topic retirement homes quiries in the forum Opinionated! https://www.propertyinvesting.com/topic/4407178-retirement-homes-quiries/#post-4674124 Tue, 07 Aug 2012 06:55:31 +0000 According to some latest construction rates it appears:

Single story self care housing units with medium standard finish air conditioning is around $1900 sqm for Sydney

Nursing home built as homes, single storey and central care units for Sydney around $2000 sqm

]]> 52c5ce8e3f53abfbb4be07fbdd0a3eb2 livewildcard replied to the topic Rates on hold - August 2012 in the forum Finance https://www.propertyinvesting.com/topic/4407294-rates-on-hold-august-2012/#post-4674943 Tue, 07 Aug 2012 06:51:56 +0000 Is it just me or have people died off being on the edge of their seats each month with what the RBA are going to do?

]]> 0162035540ee072d59b514ef4c10156f livewildcard replied to the topic New Site: What do you think? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407274-new-site-what-do-you-think/page/3/#post-4674771 Mon, 06 Aug 2012 22:10:54 +0000 When you use the search function for any keywords on the right hand side lets you choose what year nothing seems to come up after 2007?

]]> acb9a5e0c45e0e38a60587a46e13dc4c livewildcard replied to the topic Has any one ever bought an apartment as a investment? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406946-has-any-one-ever-bought-an-apartment-as-a-investment/page/2/#post-4672481 Thu, 05 Jul 2012 23:57:35 +0000 WomeninPropMelb wrote:
I guess you hear what you want to hear. You are welcome to not be a fan of OTP – that is your choice.
I hear that people purchase OTP and do very nicely.
You can always hear those horror stories if that is what you want to believe.
The Universe reflects what you put in….

I have a wonderful family, a great job, very…[Read more]

]]> 81ed62957b6873ed409f7162bb831675 livewildcard replied to the topic Has any one ever bought an apartment as a investment? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406946-has-any-one-ever-bought-an-apartment-as-a-investment/page/2/#post-4672477 Thu, 05 Jul 2012 04:27:18 +0000 Not a fan of OTP.

Pay your deposit, get a presale, developers get approval, build, then they use one of several key clauses that you wont be able to change regarding valuations or simply because they can delay it and then rescind. They have got an interest free loan off you, the give your cash back, sell the property for more and they win = you…[Read more]

]]> c7695518463a2e2ff82cd5595c07920f livewildcard replied to the topic QS recommendation to claim Tax depreciation in the forum Help Needed! https://www.propertyinvesting.com/topic/4407020-qs-recommendation-to-claim-tax-depreciation/#post-4672945 Thu, 05 Jul 2012 04:17:35 +0000 No idea you may have to ask them.

Have you seen both their reports, I remember I got them all to email me samples before I went ahead with anyone just so I could see the layout and my accountant had recommended BMT for that reason but I cant remember if I saw a Washington Brown one at all.

If you go Washington Brown let me know details about…[Read more]

]]> 431c13f58aac48db09c18791958df713 livewildcard replied to the topic QS recommendation to claim Tax depreciation in the forum Help Needed! https://www.propertyinvesting.com/topic/4407020-qs-recommendation-to-claim-tax-depreciation/#post-4672943 Thu, 05 Jul 2012 02:33:32 +0000 Definetly make sure a qualified person is being sent, I think thats what some of the cheaper ones dont do which is scary.

I went with BMT because when I googled BMT Tax Depreciation and all the stuff that came up I new I was dealing with a professional company and if paying $50 got me an extra $2,000 in that first year I used it then it had paid…[Read more]

]]> d753da50e25c2a7faca0cf0f598d553b livewildcard replied to the topic QS recommendation to claim Tax depreciation in the forum Help Needed! https://www.propertyinvesting.com/topic/4407020-qs-recommendation-to-claim-tax-depreciation/#post-4672939 Wed, 04 Jul 2012 22:22:01 +0000 I have had a few jobs from BMT done so far. One was a really old place, built in 50’s, unrenovated but had quite a few things in it. Got about $1800 in the first year for that one. I was happy with that thought I would get nothing at all.

The other few have all been renovated or newer so have had much more, one of the brand new houses I built the…[Read more]

]]> d4686f8b3d5efe7eff0500e708040db5 livewildcard replied to the topic purchase with family??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407024-purchase-with-family/#post-4672975 Wed, 04 Jul 2012 05:08:16 +0000 Could help

http://propertytoolbox.com.au/property-update/?p=702

]]> 9baab9b0e9ce1523ad6b289ebb787e44 livewildcard replied to the topic purchase with family??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407024-purchase-with-family/#post-4672974 Wed, 04 Jul 2012 05:07:41 +0000 If you buy this property together and then decide in couple years, when you have your own cash or you want to buy with a partner etc they will look at the entire debt you have with your sister I believe so serviceability can be issue if your not going to continue buying property with your sister. I’m sure there are ways around it so it doesn’t…[Read more]

]]> 679e66f820dc9c9f881578f84e7c5b3a livewildcard replied to the topic QS recommendation to claim Tax depreciation in the forum Help Needed! https://www.propertyinvesting.com/topic/4407020-qs-recommendation-to-claim-tax-depreciation/#post-4672933 Wed, 04 Jul 2012 05:04:30 +0000 Lol yes gng, coffees aren’t getting any cheaper but then again macca’s coffee vs well brewed cup you will pay a premium for that too!!

Its a fun juggling act!

]]> dffa0630e5f0ec06b3048dc65c3fe85e livewildcard replied to the topic QS recommendation to claim Tax depreciation in the forum Help Needed! https://www.propertyinvesting.com/topic/4407020-qs-recommendation-to-claim-tax-depreciation/#post-4672931 Tue, 03 Jul 2012 23:21:35 +0000 Hi propertyboy, long time stalker first time poster! I couldnt help but see your post about depreciation as I’ve had a few lengthy discussions about this over last month or so and thought it may help you.

I’ve personally used BMT a number of times. Rather than rattle it off as my first post I thought you might like to see to see a few good…[Read more]

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