Forum Replies Created
Used bmt a few times and have not been disappointed …
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
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.
Hi there,
I got a discount on my report from bmt through our property manger. One was Lj hooker the other century 21.
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.Ive used BMT depreciation with good results before. I think you can only retrospectively claim 2 previous years now.
NOS1
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 againThanks Jacksson,
I will give them a buzz …
Hi guys
With 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.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.Thanks
NOS1Thank you again gentlemen.
Your insight is extremely helpful for novice such as myself. I'll be sure to checkout your upcoming article.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 spread (which, admittedly, has been getting fatter over the last 18 months)."Thanks in advance
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?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 if we do go ahead I will do this whilst we are renting to avoid CGT.
Is this a sensible strategy.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
NOS1Thanks Guys,
I'll give Richard a buzz today for a chat ..
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 myself
1st unit – Owe 200k rent out @ 270pw (negative geared)
2nd House- Owe 162k @ rent out @ 190pw (negative geared / Interest Only Loan)
PPOR- Owe Approx 125K (P&I Loan)Firstly is this possible and secondly does that look benefical.
Thanks in advance
Bummer i thought it was a long shot..Thanks for the response
