PropertyInvesting.com | NOS1 | Activity

NOS1 replied to the topic Need to decide on depreciation company for 3rd IP in the forum General Property

Thu, 23 May 2013 10:55:28 +0000

Used bmt a few times and have not been disappointed …

NOS1 replied to the topic depreciation company Adelaide based in the forum General Property

Wed, 21 Sep 2011 22:59:06 +0000

Hi Allan,

I always use a quantity surveyor that actually inspects the property as opposed to email, as you will miss a lot of items that can be deducted..

Cheers

NOS1 replied to the topic Choosing a Quantity Surveyor in the forum Help Needed!

Wed, 09 Feb 2011 01:51:37 +0000

Hi jacqui,

It was about $60 off the normal price. You should also look at how long the different companies reports last for, they do vary quite a lot.

NOS1 replied to the topic Choosing a Quantity Surveyor in the forum Help Needed!

Sun, 06 Feb 2011 10:39:15 +0000

Hi there,

I got a discount on my report from bmt through our property manger. One was Lj hooker the other century 21.

NOS1 replied to the topic Quantity Surveyors: backdating depreciation schedules and tax adjustments? in the forum Legal & Accounting

Sat, 18 Sep 2010 03:45:55 +0000

It maybe worth while getting 2 schedules done if you are doing signifficent renovations as the old stuff maybe able to be srapped (meaning immediate deductions on remaining depreciable life of fixture/fittings, as opposed to portioned deduction)A reputable depreciation specialist will be able to advise if it is finnancially beneificual for you to do this.

NOS1 replied to the topic Quantity Surveyors: backdating depreciation schedules and tax adjustments? in the forum Legal & Accounting

Fri, 17 Sep 2010 08:06:51 +0000

Ive used BMT depreciation with good results before. I think you can only retrospectively claim 2 previous years now.NOS1

NOS1 replied to the topic Coverting large house into 2 seperate rentable spaces in the forum Value Adding

Mon, 13 Sep 2010 22:41:07 +0000

Cheers

NOS1 replied to the topic Coverting large house into 2 seperate rentable spaces in the forum Value Adding

Sun, 12 Sep 2010 10:59:22 +0000

Hi IP,Thanks for the info, would this only apply to areas where excisting wallls are not be utilised already?Do you know where i might be able to obtain regulations and rulings regarding this.Thanks again

NOS1 replied to the topic Whos the best property accountant ,brokers & solicitors in Adelaide in the forum Legal & Accounting

Mon, 15 Feb 2010 04:29:53 +0000

Thanks Jacksson,I will give them a buzz …

NOS1 replied to the topic Offset Acccounts in the forum Finance

Mon, 03 Aug 2009 00:51:17 +0000

Hi guysWith the above strategy do I assume that you don't ever pay off any of the loan (unless you use St George or alike).Does this just free up your cash flow, and you are relying on capital growth to increase equity.

NOS1 replied to the topic How to structure myself for a Buy/renovate sell stratergy? in the forum Value Adding

Tue, 21 Jul 2009 22:26:17 +0000

Thanks Terry,Do you know what the associated costs are setting up a trust or company?In regards to finance my partner is on a good income, so I'm hoping that will help obtain finance.Would you recommend borrowing as much as possible to finance or use as much of my own cash to taken on project.I appreciate your advice.ThanksNOS1

NOS1 replied to the topic Loan type for buy/sell strategy in the forum Finance

Fri, 10 Jul 2009 04:44:29 +0000

Thank you again gentlemen. Your insight is extremely helpful for novice such as myself. I'll be sure to checkout your upcoming article.

NOS1 replied to the topic Loan type for buy/sell strategy in the forum Finance

Fri, 10 Jul 2009 03:19:15 +0000

Thanks Michael,I appreciate your comments and advice. I'm a little green when it comes to finances, so I was wondering if you could explain in more detail one of your comments "Another general rule should be to write down the value of offset features for investment based borrowings, because there is no tax advantage, so you are only reaping the…[Read more]

NOS1 replied to the topic Second dwelling on single title in the forum General Property

Mon, 20 Apr 2009 05:20:05 +0000

Thanks for your feedback. Kenten do you know if the dwellings are side by side then can they be rented out as seperate entities?Do different councils have different rulings on this?

NOS1 replied to the topic Selling a property to spouse in the forum Legal & Accounting

Tue, 03 Feb 2009 05:18:36 +0000

Thanks for the feedback, just another query. If the place is valued at 300k can I sell half to my wife for 150k , and she claim the 150k as a deduction. As well as i claiming the 70k that I already owe.We are currently renting ,but have a property with the tenants in it. This will be our PPOR in approx 10 months when the tenants lease expires.So…[Read more]

NOS1 replied to the topic Selling a property to spouse in the forum Legal & Accounting

Mon, 02 Feb 2009 04:58:32 +0000

Hi WJ Hooker,Similar places have fetched around the 300k mark recently. I was thinking of selling it for 250k.We moved out of the place about 2 years ago, so I was under the impression that i wont be up for CGT.Cheers NOS1

NOS1 replied to the topic GOOD MORTGAGE BROKERS IN MELBOURNE in the forum Help Needed!

Mon, 20 Oct 2008 01:45:24 +0000

Thanks Guys,I'll give Richard a buzz today for a chat ..

NOS1 replied to the topic Next Move Whats Your View in the forum Help Needed!

Tue, 14 Oct 2008 21:30:29 +0000

The unit which I owe 72k on was my PPOR for 7 years I have just started renting it out this financial year. Am I able to refinance this loan to say around 200K so it is negatively geared and use the 128k difference and 50k in Savings to Purchase our new PPOR.This is how I would like to structure myself1st unit – Owe 200k rent out @ 270pw…[Read more]

NOS1 replied to the topic FIRST HOME GRANT in the forum Help Needed!

Tue, 14 Oct 2008 21:18:22 +0000

Bummer i thought it was a long shot..Thanks for the response