Thanks for the response CRJ

Agree with you re: having a PM, gives you a ‘comeback’ on many issues. I prefer to have IP’s managed by the PM, a friend has just come across to my way of thinking as he has tenants who ring him at all hrs, and he’s a shift worker also..[xx(] he’d finally had enough and decided the cost was worth it..

As for your…[Read more]

Congratulations, what others would’ve seen as a problem you’ve seen as a potential for gains..[^]

For interest sake, what costings were involved, and how have you done out of the deal ?
do you plan to sell ?
or keep as an IP ??

Wish you well on your next ‘reno-rescue’ []

REDWING

“Money is a currency, like electricity and it requires momentum…[Read more]

Hi Kay..

Working Nights at the moment..log on every now and again to check up and ‘learn’ something new, nights also nice and quiet, gives me research time etc.. inbetween duties []

Anyway..Good morning [8D]

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Kay

For buildings built after 18th july 1985 4% and only applies for 25yrs from the date of completion.. so by 2004 there are only 6-9yrs left to claim the allowance, which expires in 2010-2013

I’d presume here that renovations etc would be additional to this date ( at the 2.5% or if small, written off over 3 yrs or so )

For buildings built…[Read more]

Thanks Bec..

Not that i expect to sell in the forseable future , but, it’s worth remembering and will make the Agents back up a bit..

i’ve seen it time and again where an agent has quoted friends a high price, then over time the properties sold for less..one not to long back , when the market was still rising.. beware of Greed, go for…[Read more]

Agree with Mel there…

Bill, have you done this before ??

As it would make things easier for us if this was the case…

I think as with the ATO and the fact that we self evaluate or tax now.. you can do what you want.. it’s when you get Audited that the problems surface..

REDWING

“Money is a currency, like electricity and it requires…[Read more]

a friend said he had a great pest controller, who even mixed the chemicals in front of him on-site ( watering down seems to be a concern)

don’t forget in a lot of areas termites are always around, in the soil ‘no problems’ once their in the house $$’s could become an issue.. we have termites in the soil of our property, had an inspection and also…[Read more]

[8]your looking at about $1000 fine plus $1.20 for every week late,no hang on, that’s for library books, actually-

This has happened to a friend just recently, electronic lodgement makes things quicker now, so , the best bet, speak to your accountant and organise lodgement..should be able to do so with no penanlty..

REDWING[:p]

“Money is a…[Read more]

[:X]GOTTA LOVE BEC..WATCHING OUT FOR US ALL[^]

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

CONGRATULATIONS MORTGAGE HUNTER[^][^]

[:X]lOVE YOUR WORK.. THANKS FROM ALL OF US THAT YOU’VE ASSISTED OVER TIME WITH YOUR POSTS AND EXPERIENCE[^]

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

$220 per 1/4 is fine..

How many units in complex..anything too large means more competition for your tenant base.. look for close to transport, shops, services etc.. things that will attract a tenant

Agree with speaking to BC re upcoming works due etc, how much $ in sinking fund…

lifts, swimming pools, on-site caretaker is a drain on…[Read more]

You may, also have a ‘lot’ of equity within those 8 IP’s..??

rents increase over time, loan decreases over time, tax and depreciation benefits utilised to draw down your loans at end of Financial year..maybe in a short period your loan servicibilty will look better.. that’s where mortgage brokers come in handy also..they’re happy to chase the…[Read more]

Dom

Make sure it’s a reputable Pest Co and get certification that termites are gone and treatment has occured

A lot of ‘dodgy’players in the pest business, so ensure you get a good Co

By the way, was there evidence of termites ( been and gone ? ) or termites still in place ?

Once termites get into the structure of a building it’s a pain , lots…[Read more]

Or look at a TRUST structure..depends on your individual circumstance..

REDWING

HI PK HOW YA DOIN ?

“Money is a currency, like electricity and it requires momentum to make it Effective”

Look at the Population and economic trends of the area, are people moving into or out of the area.. these statistics are available on the web…

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Originally posted by bigben:

1, Capital gains of 7% on $200,000= $14,000
Capital gains on $30,000 rural = $0
Income losses from neutral geared property per annum
$0
Income gains from +CF rural area per annum say $2,500 Ie it takes 6 years to make same gain as 1 year.

Take into consideration that i am getting compound growth on the $14,000PA and…[Read more]

Like any matter dealt with by any official body.. paperwork is paramount, if you have copies of all notices, lease documentation etc that you have in regards to this tenant and your dispute and you can show clearly that you have provided appropriate paperwork, notification, time etc in regards to your tenant, the better for you..

As was stated…[Read more]

4% depreciation for residential buildings constructed after july 1985..

2.5% for residential buildings commenced after 15 september 1987..

you can claim for 25 years if property constructed in the interem of these 2 dates..

benefits of the depreciation allowance were diminished in the federal budget in 1997.. after that the total depreciation…[Read more]

Me Too… FREE ONE ???

WASSSUP S.I.S ?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”

Agree, change IP to IO and look at Dereks suggestion… at the end of the Day, work out the end result of various scenarios and see what works best for ‘your’ situation…

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”