Forum Replies Created
G’day itsamoorey,
I have found for me personally it’s best to stick with one person, be it bank manager or mortgage broker, to handle all your loans no matter where the properties are located. This way you gain a better business relationship and inturn they tend to try harder for you. Minimogal said get a conveyancy lawyer as they have local knowledge which I totally agree with. Another benefit of doing this is that a good one will also organise the builders, pest and electrical inspection reports on your behalf for only the cost of the reports.
Best of luck,
Rhino [
]Hi Chan$,
When I say do your own, I mean organise your own QS with a registered company rather than taking on one from the vender, who’s QS might not have been above board in the tax mans eyes.
Cheers Rhino [
]Hi Taleisha,
As the full price of a QS is tax deductable and not all QS providers are registered, it is much wiser to do your own. On the flip side, if you know the QS provider is reputable, then go for it.
Cheers Rhino[
]As a lot of you have already said TT has the substance of a balloon. How many months have we now heard the market’s going to crash, from certain economists as well. Sometimes I think unknown powers that be try and spread this information through the media, to destabilise the market with the purpose of putting fear into the minds of investers, for there on gains. I for one would love this to work as i’ll grab a few panic sells anyday.
Rhino [
]G’day Jimbo,
I like julian used Deppro a couple of years ago for an investment property, and have since used them for each purchase. The two methods of available tax allowances are diminishing value and prime cost. Both of these come out at the same total after 40 years. Which is suited to you depends on the individual property.The cost of the QS is also a tax deduction, so even if you only hold onto the property for a couple of years, the savings you make far outweigh the QS fee.
Cheers Rhino[
]Thanks guys for the tips. I will continue to source as much research as possible, as I’m looking to purchase now.
Cheers Rhino.[
]Hi S.I.S,
Your right I’ve just got to keep doing as much research as possible. I guess I was just looking for a shorter road to getting there. Thanks for the reply and good luck.
Rhino[
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