As  a Landlord i would hate to have a tenant skip out on a lease, and not pay their contractual obligations. but as a reasonable person I would most likely come to some agreement with them  i.e forfeit the bond as compensation etcAt least  with land lords insurance I would be covered and I always keep 3 months interest payments for any eme…[Read more]

Thanks Marc

jonglennWelcome to the forum !Good advice to open the interest off set account, and save your I.P deposit there.You said your going to rent a room for 2 years and your Partner (are you married ?) is going to pay you rent as well to live in your PPoR.You  also mention your partner will buy their own I.P and you will not contribute financially…[Read more]

BoshyDont be discouraged  lots of people have fear of things they dont understand thats natural and the more you get upset by her negative  reactions to your excitement  the more you will fuel her fears.Take a step back from the whole situation and remember if she has a lack of confidence in you and your investment stratagy  then you need to think…[Read more]

Hi  Elka Ok now I see what you mean, its 50% of the total gain (20 / 2= $10,000) its paid at tax time when I submit my company return  and  if in the mean time  I  re invest the capital gain into  a deposit  on another i.p  and the company has any tax credits franking credits etc and  deductable losses. Then  in theory at tax time ,  I will not  b…[Read more]

Hi ElkaI have no taxable income at all, but I do have i.p's in the name of a company/trust. if I was to sell an i.p the company has owned longer then 12 months for  say $20,000 capital gain, what would I be liable to pay in CGTax  ?company tax rate is 30% so  half is 15% is that correct ?  if I have past tax credits  and franking credits from s…[Read more]

thanks Guys..another question ..how much do you pay in CGT  % wise ?1 if you have no taxable income … 2 if you own the i.p in a trust/company name ..?just wondering cheers 

Im sorry, but I was under the impression that a Ppor could be cgt defered by taking the money from the sale , pay off  any mortgage you have  then  buying the new Ppor and defere the Cgt  all together ? or some thing like this…is this correct ?  

an off set account its an account you link to your loan, were  you do not receive any interest for money you keep in there. but the amount  kept in the  account  lowers the total of the loan amount  you are charged interest on. basic example might look like this:you have an interest only loan of 80K @8.07%  and $500 monthly repayment…[Read more]

Hi Veeedkabegin looking in regional centers that you perceive, have some potential for growth NSW VIC WA ETCbegin with an I.p of 100K or less, that’s already rented or one you can do a cosmetic Reno on. Clean.. Paint   and general low cost tidy up…  then move in a tenant. this is just an example:Lets say you can locate an Ip in a good size regi…[Read more]

 emotional vote catcherits not about helping any one but the poly's to get some votes from the gulable

Great work kate !  you found an under valued property with problems that were  solved with a little effort and for thoughtis'nt it a good feeling to actualy see the results of your long efforts and labor finaly pay off.. in $$$ value added to your i.p and valuble experience gained Glad you found the silver lining to the dark cloud you were under.. 

Hi MattAt the moment what you lack the most is , knowledge and practical experience !At 19 you seem to be  a very fortunate young man, and weather you inherited  the hard work of some one else or just chose the correct numbers in tats lotto  is not  important . Whats important is that you realise that you need to develop the correct  attitude…[Read more]

CathIm glad your now taking the more conventional route to fund this deal,the $100 from 27,000 people giving a  gift idea made you seem a bit out there.and the way it was portrayed  by 2day 2night  was not to your advantage, to be honest with you I remember thinking It would be a good plot for a movie Lol Any way I wish you luck  and  if you pul…[Read more]

I love reading posts like this ! just to know some one is out there finding the  deals with potential  and  then getting help advice and support from the members of the forum  to  solving the problems. fuels the desire ! 

 tylon020 What if he was to purchase the 20 year old house as that has the best potential for appreciation over time with land  value increases and  with the house improvements if its renivated  improving its perceived worth, claims the first home owners grant and then rents out each spare room for X amount per week while he renevaites it  a room…[Read more]

Cathwere you featured on a Current affiars a few weeks back ? Looking for people to buy your dream land in W.A and build a circus training camp or some such thing ? 

Hi Matt (BDM)just wanted to say, I  took a peek at your  web sites and thought they were…….  " Excelent "   

now with the inter net its easier to set up a web site and create a direct virtual sales platform and on sell for a commissions from established network marketing companies from all over the world 

Hi hfatit’s great you want to start investing now while you’re still in your early 20’s… smart thinking! There are a lot of good books base on investing in Australian residential property.Visit your local Library borrow some books and start from there. Just make sure they were written recently so they are still relevant.Don't get over excit…[Read more]