Hi Ziz,

So by depreciating the property on a L/O may well put me in a worse position for taxation as my intent is to sell and the depreciated amount will go on to my taxable income?

I hope I understood it right. If anyone is actually doing this, I’d love to hear what the outcome has been.

Cheers,

Matt. []

Hi Harry,

Welcome to the forum.

Have a look at this link relating to the FHOG in SA which should answer your questions.

http://www.revenuesa.sa.gov.au/fhog/faqoverview.html

Cheers,

Matt. []

Thanks Steve,

Would there be any depreciation recover tax relevant when the option is excercised, or does that not apply to Australia?

Cheers,

Matt. []

Hi Steve,

Just quickly, thanks for fixing my little login problem earlier []

In regards to a lease option, as it is actually being rented with an option to buy, is it possible and/or advisable to depreciate the property in this circumstance (assuming it is of an age that allows depreciation)? What are the benefits/drawbacks from this…[Read more]

Hi there.

I agree with BDM, there is more questions that need to be asked. Firstly let me say that you need to distinguish between whether you want a home to live in or an investment property. They are both very different, chalk and cheese infact. A home that you live in is not an investment, sure it has the potential of capital gain but what do…[Read more]

Hi Bruce,

That sounds like an easier way of achieving the same result and even better with the lenders approval. Do you mind if I ask what lender? Did this option come because you are already doing business with them?

Cheers,

Matt. []

quote:
Good bye

Finally something Tails has said that everyone can agree with.

Cheers,

Matt. []

Depends what you want to achieve. I have bought both North and South and have achieved differing returns from differing IP’s. Love investing in Perth![]

Look at Rockingham Beach, Palm Beach, Coolongup, Warnbro (Near Beach) in the South and Balga, Girrawheen, Greenwood, Hammersley, Warwick in the North.

Balga probably has passed the +ive stage…[Read more]

Hi there RC,

I would have to definitely recommend ‘BUYER BEWARE’. I think this product is essential no matter what your strategy is (WRAPS etc) in regards to property. It is even worthwhile getting it if you are purchasing your first home to live in. The book has a number of templates that guide you through all stages of property investing. It…[Read more]

Steve’s ‘BUYER BEWARE’ book goes into contract clauses. I have found it very useful as it contains contract templates which you yourself can use. For $59 i think it is a worthwhile investment in itself.

i hear u MR hedge!!

My 2 cents.

One of the main reasons behind why we invest and look for positive cash flow properties is because it creates a passive income stream. That means we get paid whether we get out of bed or not. Saying that it is only $10 per week is missing the big picture, our aim is to establish a platform where we are no longer dependant upon our…[Read more]

I think you’re absoloutely right Steve, 50 properties sounds like a lot until you get out there and do it. “The journey of a thousand miles starts with a single step”.

I definitely agree that you need to have a plan/system in place and most importantly you need to TAKE ACTION!!! Once you get in the game it is amazing how much you pick up and…[Read more]

quote:

I think the idea of rebating closing costs sounds promising, so long as it was included in the contract.

The bottom line is that sales incentives can be created, but if you are doing it to deceive (as opposed to fully disclosing) then you are in dangerous territory.

Steve,

I agree 100% with full disclosure. I believe there are enough…[Read more]

Hi Andy,

Thanks for the info, I will do some research and look into it.

Cheers,

Matt. []

Hi Bruce,

Thanks for the info on your experiences. Another option I had been thinking of and wondered if people had done it, was to ask for the closing costs to be rebated instead of the deposit.

As the goal is to decrease my money in the deal, this seems logical to me as:

1. I have reduced my capital invested
2. I still have my 10% equity in…[Read more]

Steve you said this the other day.

quote:
The property market has certainly seen significant capital growth since I began investing in 1999.
However it’s important to remember that I invest for cashflow and not capital gains.

Since 1999 the average house in australia has more than doubled in most areas. Now your saying that you are not…[Read more]

Mitch you said this in your last post.

quote:
The way in which you put down any form of property investment as foolishness(my interpretation of your attitude via your posts)is brilliant.It has made me sit down and take a good hard look.

Mate at no stage did i say that any form of property investment was foolish (where did you get that from).…[Read more]

hey there,

i have found some properties that comply with 11 sec rule in cannonvale. $80,000 that are renting for 170 a week. But i would really like to know why the owners are selling… there has to be an explaination!! U know anything that might make them do this?

It sounds too good to be true!!

Cheers
8>)
“Make your profits when u buy not…[Read more]

quote:
i have just built 2 houses in Karatha for 270000 ea they are both rented to the Govt employees housing ass for 550 pw with long leases with annual revues

Hi Mr Hedge,

How did you come across the GEHA and is there a division in NSW that I can approach to do the same as yourself?

Cheers,

Matt []