PropertyInvesting.com | Shwing | Activity https://www.propertyinvesting.com/members/shwing/activity/ Activity feed for Shwing. Sat, 11 Apr 2026 06:44:49 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 2108618f7151d6f181345beccf572d98 Shwing replied to the topic Depreciation Schedule + PPOR - possible? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403154-depreciation-schedule-ppor-possible/#post-4644219 Wed, 30 Mar 2011 02:12:23 +0000 Mike,Remember that you are also better of defering incurring of investment expenses, like getting a depreciation report, or fixing things on a property until it is a rental. That way the expenses are deductable in the year incurred.

]]> d49a18930fa6599990b703ded84c6eae Shwing replied to the topic Everyone loves a hypothetical in the forum Help Needed! https://www.propertyinvesting.com/topic/4401698-everyone-loves-a-hypothetical/#post-4635141 Sat, 30 Oct 2010 23:57:50 +0000 Corey,

3 things stand out on your hypothetical as limitations or barriers to your goal – “building a bank to purchase a home”
1) 10-12 hours of work a day
2) 50+% of your disposable income on rent.
3) short term investing in property.

The work hours will restrict you ability to add real value through renovation if you plan to do it yourself. You…[Read more]

]]> c2d0b73a3838cbdb9b7d2a2caa7bde27 Shwing replied to the topic confirmation on CGT in the forum Help Needed! https://www.propertyinvesting.com/topic/4401703-confirmation-on-cgt/#post-4635165 Sat, 30 Oct 2010 21:51:25 +0000 For your PPOR to be possibly exempt from CGT you must also have moved into it as soon as practical. Eg. You can’t have left a tenant in there until the lease expired, and you can’t just let it sit there until you decide to move in (unless say you are renovating it to move into).

With regards to the question about the 6 year rule for exempting…[Read more]

]]> f6bccdca6c463326b1e61b6b3283f449 Shwing replied to the topic Tax depreciation schedule with Deppro, is it necessary? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401696-tax-depreciation-schedule-with-deppro-is-it-necessary/#post-4635132 Sat, 30 Oct 2010 21:03:11 +0000 No worries Jamie,

The reply just made it sound like a person would miss out on that deduction if they didn’t pay to have the report done.

I was just trying to make it clear that there is is an alternate to QS doing it for you, $200 is good, however some QS’s will charge $500 for the same service.

Cheers

]]> fa111244e9e1f9f3230fb7c9474d30b5 Shwing replied to the topic Tax depreciation schedule with Deppro, is it necessary? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401696-tax-depreciation-schedule-with-deppro-is-it-necessary/#post-4635130 Sat, 30 Oct 2010 03:18:30 +0000 Jamie,
You obviously did not read the entire post or understand the post. I was not saying do not claim depreciation, I’m saying that there may be circumstances where there may be no need to commission a QS to do it for you.

I still claim depreciation on pre 85 properties. I have a pre 85 IP that I settled 2 weeks before the end of a financial…[Read more]

]]> 8846ae142b21357a840acaef7ed71d75 Shwing replied to the topic Tax depreciation schedule with Deppro, is it necessary? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401696-tax-depreciation-schedule-with-deppro-is-it-necessary/#post-4635128 Sat, 30 Oct 2010 01:29:36 +0000 Ricky,

If the property is pre 1985 and not really had any work done to it, then it’s not worth getting a depreciation schedule done for the building.

You can’t work out the costs of a building costs for capital allowance.
However, you are allowed to come up with your own value for depreciable assets.
I have a couple of pre 85 investment…[Read more]

]]> 3ec12d262ee93acb9d395d5b75f97102 Shwing replied to the topic First IP Tax Question in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401701-first-ip-tax-question/#post-4635149 Sat, 30 Oct 2010 00:46:19 +0000 If you rent out the townhouse it will only become liable to CGT once it becomes an Investment property when you buy a new home and make the new home your PPOR.
The tax is then based on the period when the townhouse became an investment property (when you bought the new home), until the date you sell the townhouse, divided by the total time of…[Read more]

]]> d1b99a1b3e3758d721a5af6ceafd16e9 Shwing replied to the topic Tax Treatment of property not rented in FY in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401551-tax-treatment-of-property-not-rented-in-fy/#post-4634236 Fri, 29 Oct 2010 03:30:47 +0000 Thanks for the well researched response Mr501.

I did much reading of the ATO site and relevant tax ruling.
I just wish I’d read your response prior to contacting the ATO to use in my argument.
TR 2004/4 covers the interest side of things ok. http://law.ato.gov.au/atolaw/view.htm?docid=TXR/TR20044/NAT/ATO/00001

After speaking with someone at…[Read more]

]]> bf544ce699fc0015f5a8917cf2dacb6c Shwing replied to the topic Interest Rates on Hold in the forum Finance https://www.propertyinvesting.com/topic/4401399-interest-rates-on-hold-2/#post-4633432 Tue, 05 Oct 2010 04:03:40 +0000 Thank you Glenn Stevens.

After being made redundant late last week, I though for sure I was going to get a kick while down.

]]> 57284a75ff1c417e5d51fd70eb9df790 Shwing replied to the topic What type of vehicle do you have ?? in the forum Opinionated! https://www.propertyinvesting.com/topic/4381491-what-type-of-vehicle-do-you-have/page/19/#post-4525007 Fri, 03 Jul 2009 05:31:40 +0000 Lashed out and spoilt myself, upgrading from nothing for the past 8 years to a 93 Toyota Hilux Duel Cab Ute.It's great to be able to use my trailer without having to borrow a car.

]]> 829caaef328a3f1c795d28effc07b9dc Shwing replied to the topic Depreciation schedule? in the forum Finance https://www.propertyinvesting.com/topic/4395745-depreciation-schedule-14/#post-4601138 Tue, 24 Mar 2009 04:06:44 +0000 ShereeI don't think that the above responses answered what you were actually asked.You don't want to backdate depreciation , so much as transfer losses to future years.I'm pretty sure that you can carry forward income losses to future years, until the loss is exhausted, similar to that of a Capital Loss.If you had income that was taxed (PAYG) say…[Read more]

]]> f69dd4af78b897349c1a2e4e925922c1 Shwing replied to the topic CAN YOU STILL MAKE MONEY RENOVATING? in the forum Value Adding https://www.propertyinvesting.com/topic/4395436-can-you-still-make-money-renovating/#post-4599359 Thu, 19 Feb 2009 07:12:11 +0000 I think in this market buying a property that needs major renovation as opposed to a property that any hack can touch up, is a better idea. The property needs to be significantly lower in value to it's surrounding neighbours, where it will be virtually impossible to over capitalise.My wife is currently renovating a 3br house purchased for $…[Read more]

]]> d850d31023a891deae8a8555bf1823b1 Shwing replied to the topic Investment property in the forum Help Needed! https://www.propertyinvesting.com/topic/4394835-investment-property-6/#post-4596170 Tue, 02 Dec 2008 07:04:20 +0000 I've always used Washington Brown and have been happy with the reportswww.washingtonbrown.com.au/

]]> e666aba95b0cce0ffc95d02e15f7efdd Shwing replied to the topic new experiment. YOU TELL ME what to do.. and ill do it. in the forum Help Needed! https://www.propertyinvesting.com/topic/4392958-new-experiment-you-tell-me-what-to-do-and-ill-do-it/#post-4585904 Tue, 22 Apr 2008 03:11:00 +0000 Reeco,Start by going out there and finding a lender who will lend you money, and get pre-approval.This will allow you to eliminate what you cannot afford. When you have worked out what you can afford remember to leave some money in the kitty to do the required sprucing up of the place. 

]]> cfea7dc91f152f56cbb0e41aee406074 Shwing replied to the topic Capital gains tax in the forum Help Needed! https://www.propertyinvesting.com/topic/4392922-capital-gains-tax-38/#post-4585746 Wed, 16 Apr 2008 04:51:34 +0000 If you have capital losses carried forward from previous years then the Capital Gains are offset against the losses prior to the 50% discount. Carried forward loss – $10000Gapital Gain – $42000Net Gain – $32000Capital Gain after 50% Discount  – $16000

]]> b2bbbf2028587e74bab9e9f226721d25 Shwing replied to the topic Are pest and building inspections recommended for units? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392852-are-pest-and-building-inspections-recommended-for-units/#post-4585498 Thu, 10 Apr 2008 06:26:53 +0000 I would definitly go with the building report. I've had building reports done on a unit within a block of units where I already own a unit.The report showed up damage to the bathroom that had been fixed, but was still an issue.I negotiated a reduction in price of $2500.

]]> d6da64eb82cb48fb6c961ce2208e7793 Shwing replied to the topic CGT - Can I be exempt? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392599-cgt-can-i-be-exempt/#post-4584106 Mon, 10 Mar 2008 03:58:14 +0000 You won't be exempt from having a capital gain , buy yes it would likely be beneficial to sell in the next financial year.  Your capital gain net of any capital losses (less 50% if owned for more than 12 months) is simply added to your income and paid at your marginal rate. So if you have next to no income in a particular year you will be much b…[Read more]

]]> 157f1f5e144b175fda9d814fcb0476b5 Shwing replied to the topic If you knew you couldn’t fail … what would you do? in the forum Opinionated! https://www.propertyinvesting.com/topic/4391374-if-you-knew-you-couldnt-fail-what-would-you-do/#post-4576900 Tue, 13 Nov 2007 03:05:15 +0000 I'd look for something that I could fail at.  A challenge is good for you so is failing, as long as you learn from it. Higher risk, better reward.

]]> 830663f018f9446362f6c24bc19f9830 Shwing replied to the topic Can u release equity when serviceability is maxed. in the forum Finance https://www.propertyinvesting.com/topic/4391074-can-u-release-equity-when-serviceability-is-maxed/#post-4575548 Wed, 24 Oct 2007 08:02:40 +0000 I wouldn't consider requiring LMI as having oodles of equity. If you can, upstamp your existing loans to 80% so that no LMI is required.Use that as your your deposit and only purchase something that will only require a small amount or no LMI.If servicibilty really is an issue for you and not just an on paper issue for the purpose of getting a…[Read more]

]]> 6e93d1a1bef4c21fb7ba01e37a5f17a2 Shwing replied to the topic Has anybody bought their first IP interstate? Recommended? in the forum Help Needed! https://www.propertyinvesting.com/topic/4389606-has-anybody-bought-their-first-ip-interstate-recommended/#post-4567653 Mon, 14 May 2007 13:38:41 +0000 I'm in Sydney and all of my investment properties are interstate. It's not a barrier, infact I think that you tend to put a lot more effort into researching an area and doing the numbers, making sure you have finance etc, before  you jump on a plane and start to look at physical properties.I must admit though  that a friend was looking at pr…[Read more]

]]> 3d48f8689dcff4e21c2ae90eaff8ebf7 Shwing replied to the topic Lender's Motrgage Insurance in the forum You generally only get a https://www.propertyinvesting.com/topic/4389063-lenders-motrgage-insurance/#post-4565054 Wed, 28 Mar 2007 03:33:49 +0000 You generally only get a pro-rata refund of LMI if you are paying out a loan ( or refinancing) within the first 2 years. upto 50% within 1 year or 20% within 2 years, and the time starts from the date the loan was approved, not from the day that the loan was funded.If the gifted property is not security over the loan then no.

]]> 4865b30e34e3fb6af3a78b8248ce52ac Shwing replied to the topic Entering the WA market in the forum General Property https://www.propertyinvesting.com/topic/4389021-entering-the-wa-market/#post-4564840 Wed, 28 Mar 2007 03:22:41 +0000 pgdavidson wrote:
Is it too hard to buy a rental property in Melbourne and Sydney and manage from Perth? Any thoughts would be much appreciated. Kind Regards PD

PD, I'm in Sydney and do not own any investment properties in this state, they are all in QLD and WA. You do not need to manage a property yourself, you pay someone else to do that. …[Read more]

]]> e9614efa82889df3df8786e317c8627b Shwing replied to the topic Mortgage without a Valuation in the forum Help Needed! https://www.propertyinvesting.com/topic/4388293-mortgage-without-a-valuation/#post-4561504 Sat, 03 Feb 2007 04:13:44 +0000 The V in LVR stands for value. It’s difficult to for a lender to lend 80% if they do not know what the V is.
Many institutions will however lend 80% of the purchase price of a property. The purchase price may not necessarily equal the Value if they were to do an independent valuation. This is particulary true where there may be rental guarantees…[Read more]

]]> 3af31d7dc13b517c89f3dcdce4a04311 Shwing replied to the topic House valuations in the forum General Property https://www.propertyinvesting.com/topic/4388213-house-valuations/#post-4561225 Mon, 29 Jan 2007 07:14:29 +0000 I’ve found that with my lender, if a ask to upstamp my mortgage to an amount that is less than 80% of the indicative value of the property, that I tell them, that they will lend me the money without even getting a valuation.
Although last time I did that I actually asked for 80.5% and they were forced (based on their rule and cost me $200) to do a…[Read more]

]]> b0ee6216393baed4557378bcc05ddba0 Shwing replied to the topic flying to cairns to look at IPs - please help! in the forum Help Needed! https://www.propertyinvesting.com/topic/4388174-flying-to-cairns-to-look-at-ips-please-help/#post-4561056 Sat, 27 Jan 2007 23:43:19 +0000 Wayne,

Give an agent a call, and ask for a contract on a particular place.

I suggested 4870 because, sometimes its cheaper to order reports by postcode, and 4870 covers a big chunk of cairns. Here is a list of surrounding postcodes/ suburbs.

4868
Bayview Heights, Mount Sheridan , Tarrawarra, White Rock, Woree

4869
Bentley Park, Centenary…[Read more]

]]> 400a92b92fd2613b81ebb6a10103f7d5 Shwing replied to the topic flying to cairns to look at IPs - please help! in the forum No Subject https://www.propertyinvesting.com/topic/4388174-flying-to-cairns-to-look-at-ips-please-help/#post-4561054 Sat, 27 Jan 2007 04:45:54 +0000 I suggest the following:
1) Get a copy of a standard Contract of Sale before going so that if an opportuntity does arise and you are identify a bargin and you want to make an offer, that you know exactly what is in a contract and what is not. It’s very different to a WA contract of sale. + it has a 5 day cooling off period, you can get valuations…[Read more]

]]> 928f5eb708ecc1e550586b8d417a663e Shwing replied to the topic A query on Suburb Profiles in the forum No Subject https://www.propertyinvesting.com/topic/4388185-a-query-on-suburb-profiles/#post-4561093 Sat, 27 Jan 2007 03:37:19 +0000 I don’t believe discounting in this case refers to the time value of money.
Dicounting used in relation to the other stats that are provided usually refers to the average discount that private treaty property was sold for in relation to the original asking price. Eg if a house advertised for $500000 sells for $470000 the discount would be…[Read more]

]]> dd7b9911dd5483f70195269cbe18cd41 Shwing replied to the topic Charleville QLD in the forum Help Needed! https://www.propertyinvesting.com/topic/4386967-charleville-qld/#post-4555492 Sat, 14 Oct 2006 23:09:36 +0000 Sometimes it’s a case of not what you know but who you know. I know somebody in Charleville. Although they are leaving soon due to lack of work.

Mal

Getting out of your comfort zone, can help you become comfortable

]]> 5e71d14277d8d08a99e081ea413d7b01 Shwing replied to the topic house insurance in the forum Help Needed! https://www.propertyinvesting.com/topic/4387079-house-insurance-2/#post-4555965 Sat, 14 Oct 2006 23:00:04 +0000 I suggest using a broker, It’s in there best interest to find you an insurer.
You may be paying a small premium each year, but when something goes wrong the broker does the hard work on your behalf with a claim. I use Austbrokers, and they have been pretty helpful with my recent fire claim. Don’t know if they have anyone in your area, and not…[Read more]

]]> f6e58e17fd55efd3f63cf4160134bb2b Shwing replied to the topic Charleville QLD in the forum Help Needed! https://www.propertyinvesting.com/topic/4386967-charleville-qld/#post-4555490 Thu, 12 Oct 2006 13:52:28 +0000 Hi Alotti,

Good Sign no one responding !!
Charleville is only a town of 3500 people, way too small for an investor not living in the region. Most of the town is in a flood zone, although some new areas are poping up that are above the flood line. Rents can be good if you can get the government or big company renting for 2- 4 years.
Getting good…[Read more]

]]> a9cc0dfcfc53a188bcb807ca7b128baf Shwing replied to the topic What do you look for in a property manager? in the forum Help Needed! https://www.propertyinvesting.com/topic/4386757-what-do-you-look-for-in-a-property-manager/#post-4554424 Fri, 15 Sep 2006 05:16:54 +0000 Hi Dr X,

As all my properties are interstate, I simply can’t attend to quotes or perform required work myself. I pay a property manager to do this. I also have a PPOR with a mortgage, i.e. personal debt.
What frustrates me is that even after talking to the property manager requesting that I be billed directly for works, that they deduct it from…[Read more]

]]> cb61e21ed34c9ffd94daf1d5fbd60b32 Shwing replied to the topic we want kids in the forum General Property https://www.propertyinvesting.com/topic/4386411-we-want-kids/#post-4552638 Mon, 14 Aug 2006 03:47:14 +0000 Rayson,

You don’t mention if the IP’s are owned in your name alone or jointly with your wife. If you own the IP’s jointly and they are negatively geared, then you may be able to incur the expenses yourself. This increasing your deductions reduces the deductions that your wife cannot claim when she is not earning an income. This can be done by…[Read more]

]]> 8282ee23598908a65753492f6810f62e Shwing replied to the topic Where do i start in the industrial world? in the forum Help Needed! https://www.propertyinvesting.com/topic/4386379-where-do-i-start-in-the-industrial-world/#post-4552525 Wed, 09 Aug 2006 23:37:21 +0000 Check out this months (August) Australian Property Investor, there is a Investor Profile on a guy who is into Industrial Property, Dazz I believe his alias is. Land content is always the big part of the deal for him. Cheers Dazz, it’s good to put a face to the attitude.

Mal

Getting out of your comfort zone, can help you become comfortable

]]> 70a96fbea7174431de85addfdc823dda Shwing replied to the topic property insurance in the forum Help Needed! https://www.propertyinvesting.com/topic/4386357-property-insurance-2/#post-4552449 Sun, 06 Aug 2006 02:26:00 +0000 You have a financial interest in the property as soon as both buyer and seller have there signature on the contract. Therefore you should take out a cover note at that time. Many people make the mistake of waiting until settlement.

Mal

Getting out of your comfort zone, can help you become comfortable

]]> 1c16cbc078516d864f44def58a61c485 Shwing replied to the topic VALUE ADDING: non-repairs in the forum No Subject https://www.propertyinvesting.com/topic/4385965-value-adding-non-repairs/#post-4550850 Tue, 04 Jul 2006 10:08:11 +0000 The wife and I few from Sydney to Perth to do up Rental house in April, as tenant moving out + wanted to top up loan.

Previous lease when 1st purchased, <1 year earlier , 85 calls to check out the property externally in 2 weeks only 2 interested parties to view internally both wanted it straight away, once they had seen inside. I declined both…[Read more]

]]> fb185c40b6ecac6d01d59a392399e0a4 Shwing replied to the topic LMI Refund in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4385884-lmi-refund-7/#post-4550316 Wed, 21 Jun 2006 05:25:06 +0000 You can usually get back 50% if repaid or refinanced within 1 year and 20% within 2 years. The date used to determine a refund is based on the date they approved finance to you, not the settlement or funding date.

You also need to ask, they will not offer it.

Mal

Getting out of your comfort zone, can help you become comfortable

]]> 02f188fe6b4a4211f472afd1113b0c5e Shwing replied to the topic Property Inspection in the forum No Subject https://www.propertyinvesting.com/topic/4385490-property-inspection-2/#post-4547437 Tue, 23 May 2006 13:46:57 +0000 Col,

I’m in Sydney and bought in perth 12 months ago. I wasn’t really looking for CP+ property, I was after capital gains, but basically I did my homework on areas over there for a couple of months, then arranged finance, then jumped on a plane a went looking houses in the areas I’d researched.
I didn’t end up liking the area’s I’d been…[Read more]

]]> b4c86648bc3a77c7d4ae67e97f56aa86 Shwing replied to the topic Vent---b$#@*y banks! in the forum No Subject https://www.propertyinvesting.com/topic/4385506-vent-by-banks/#post-4547522 Tue, 23 May 2006 12:30:22 +0000 Why refinance, when if you have an existing loan, you can simply upstamp the existing mortgage(assuming you have equity in it). This does not require a new loan only $4 per $1000 borrowed for stamp duty, and maybe a valuation fee.

Mal

Getting out of your comfort zone, can help you become comfortable

]]> 11d31776cf1a82edf45c44369efbbb41 Shwing replied to the topic P.Ms in Perth in the forum General Property https://www.propertyinvesting.com/topic/4385145-p-ms-in-perth/#post-4545759 Thu, 20 Apr 2006 23:45:58 +0000 I use Prime Realty at Joondalup and have found them to be very good. They service the North Coast.

http://www.primerealty.com.au

Mal

Getting out of your comfort zone, can help you become comfortable

]]> bfb4b60810866f8deb66f31ddc518294 Shwing replied to the topic Our next fling in the forum General Property https://www.propertyinvesting.com/topic/4384996-our-next-fling/#post-4545000 Tue, 18 Apr 2006 22:51:28 +0000 While you’re up, I’ll have the same as Simon thanks Dazz.
Good Luck.

Mal

Getting out of your comfort zone, can help you become comfortable

]]> b31b4383114ed7b37dcd3579651a2b6a Shwing replied to the topic How to furnish an apartment in the forum Help Needed! https://www.propertyinvesting.com/topic/4385039-how-to-furnish-an-apartment/#post-4545210 Tue, 11 Apr 2006 08:40:06 +0000 It really does depend on the age and style of the property. There is nothing wrong with buying some thing second had at auction or even ebay etc. When furnishing a property you cannot forget the small things, like wall hangings, mirrors or painting, bookshelves, lamps etc fake plants are good.

For depreciation purposed, I’d try and keep…[Read more]

]]> c55dda1d0472d9019d36e4d8d38674e7 Shwing replied to the topic HELP NEEDED: Capital Gains Tax-Rent over Six Years in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384972-help-needed-capital-gains-tax-rent-over-six-years/#post-4544868 Sun, 09 Apr 2006 23:11:33 +0000 Good to hear. That takes the stress out of the situation.
Lucky you threw the Q out to the forum before seeing your accountant first. Even if all we did was confuse the situation.
Good luck with it.

Mal

Getting out of your comfort zone, can help you become comfortable

]]> 313fe18c3655848eafc863a8ceacfe75 Shwing replied to the topic HELP NEEDED: Capital Gains Tax-Rent over Six Years in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384972-help-needed-capital-gains-tax-rent-over-six-years/#post-4544863 Wed, 05 Apr 2006 23:34:49 +0000 Simon’s scenario was the one that made me change my stance.
I’d say tty avoid the whole CGT scenario, give them an incentive to leave before the 8th. Pay the moving costs or waive the rent for the last few weeks.

Don’t you just hate seeking professionsal advice and then having to go elsewhere because you think they are wrong!!

Mal

Getting out…[Read more]

]]> 21250151b30843f12b111fb22f6b7950 Shwing replied to the topic HELP NEEDED: Capital Gains Tax-Rent over Six Years in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384972-help-needed-capital-gains-tax-rent-over-six-years/#post-4544856 Wed, 05 Apr 2006 03:57:34 +0000 I may just have to eat my words. [withstupid]
Aren’t I the clown [juggle]

You may be correct and the CGT payable may in fact be less that $500. The formula would appear to be CG x 11 / 3000 (approx) if say you sold it in december.

Check out the ato site below: go to the heading “Continuing main residence status after moving out ” about half way…[Read more]

]]> a5c15dbe0e65666841db9a7233979194 Shwing replied to the topic HELP NEEDED: Capital Gains Tax-Rent over Six Years in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384972-help-needed-capital-gains-tax-rent-over-six-years/#post-4544854 Tue, 04 Apr 2006 22:42:59 +0000 Adl_Cat,

I suspect that once you go over the 6 year cut off , the 11 days count for nothing. The capital gain will be based on the portion of the time that it was an IP to the Total period of ownership. Which given that if say you sell it in December, the period that it was an IP will be about 75% of the time.

The capital gain (assuming you…[Read more]

]]> d14eb47d37d698d1a9f22d58e2280fd9 Shwing replied to the topic should we sell our uranium to china in the forum No Subject https://www.propertyinvesting.com/topic/4384954-should-we-sell-our-uranium-to-china/#post-4544691 Tue, 04 Apr 2006 13:10:20 +0000 I saw the concept model for the geotech thermal technology some time ago, and to blew me away how simple it really is. I’m all for it, it’s a different ball game though we need to cash in on the technology rather than the resource. Can’t we have our cake and eat it too. Sell them some uranium for a while first, then sell then the geotech thermal…[Read more]

]]> 5818787897d7e4b42bf372cf76a048cc Shwing replied to the topic Pet urine problem in the forum Help Needed! https://www.propertyinvesting.com/topic/4384969-pet-urine-problem/#post-4544838 Tue, 04 Apr 2006 12:11:16 +0000 That smell does not come out in a hurry.
The problem is while the place is untenanted it probably locked up all day which only makes the smell worse.
I’m with Fast Lane on this one, replace the carpet. Or get another dog lover in there, this can work out quite well sometimes, allowing pets.

Mal

Getting out of your comfort zone, can help you…[Read more]

]]> 69ca50141e911b7c6ebcc72b4cb4516a Shwing replied to the topic The dilemma - Keeping stable tenant vs. big rent i in the forum No Subject https://www.propertyinvesting.com/topic/4384955-the-dilemma-keeping-stable-tenant-vs-big-rent-i/#post-4544695 Mon, 03 Apr 2006 23:56:13 +0000 I would beg to differ that this is a “Very Good Property Manager”, allowing a property fo fall 25% behind a true market value, is not usually a sign of a good property manager. Hence the problem of trying in one foul swoop to increase rent up to market value.

If I could get 25% below market value, I’d be a model tenant also.

Personally, I would…[Read more]

]]> 9875e6974b38b7f0f46c1a506c43d392 Shwing replied to the topic Drawing equity out of our current home? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384895-drawing-equity-out-of-our-current-home/#post-4544420 Fri, 31 Mar 2006 23:20:55 +0000 MJ,

Terry is right on this one. I use equity for shares, but on sale you should use pay back the capital component (original purchase value) back into the loan, you can keep the profit but not the principal.

Mal

Getting out of your comfort zone, can help you become comfortable

]]> 3e661c68e16215d6dc1d9b6a45495db7 Shwing replied to the topic Outdoor Entertaining area in the forum Value Adding https://www.propertyinvesting.com/topic/4384890-outdoor-entertaining-area/#post-4544369 Fri, 31 Mar 2006 01:48:29 +0000 Re Painting
We were told to SolarGuard paint for the job. A 4 Ltr Tin of Paint did about 35-40 Sq Mtrs. Cost was $55 for 4 ltrs.

I was given a tip from a neighbour after having already done most of it.
Wet the fence first and do a thin coat while its wet, then do a second coat later. The wife did the fence an had no intention of doing it twice,…[Read more]

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