On your point 1, it looks like I only apply 15% but what I actually did was applying that 30% to the increase in asset (not the whole asset itself), because we are taxed on the increased of asset not on the total asset.

But anyway the point…[Read more]

@Terryw

Guys, sorry but what am I missing here. I did the numbers on excel but I didn’t get to the $40k that you both did.

I got the final number of $891,289.6. Here is my excel calc (link to the shared file in Dropbox)

https://www.dropbox.com/scl/fi/8un7vrpad40nju0g7ue58/Compound-Calc.xlsx?dl=0&rlkey=a4ccywk2x9e9t8xrp0s640oh3

I’m sure…[Read more]

Thanks a lot Benny. Funny that I just got off the phone (information session, strategy call, or whatever attractive name they want to call it) with some of these “expert property investor groups”. And they tick all the boxes you mentioned.

Definitely a must read for all new property investor (like me) because sadly these kind of companies…[Read more]

Thanks a lot Benny. Funny that I just got off the phone (information session, strategy call, or whatever attractive name they want to call it) with some of these “expert property investor groups”. And they tick all the boxes you mentioned.

Definitely a must read for all new property investor (like me) because sadly these kind of companies…[Read more]

Thanks a lot Benny. Funny that I just got off the phone (information session, strategy call, or whatever attractive name they want to call it) with some of these “expert property investor groups”. And they tick all the boxes you mentioned.

Definitely a must read for all new property investor (like me) because sadly these kind of companies…[Read more]

I was reading a list of must-read thread for beginners that Benny put together, and this article is one of them.

This is great! I have a question please sir. My question is why this option is not available – Refinance the old PPOR and use the cash from that refinancing to pay down the debt in the new PPOR?

Best regards,

Anton

I think what he meant by ‘straight forward’ is that there is a general template that list all the usual clauses for simple Trust structure with few family members as beneficiaries.

But if you think there is no such thing as general template for Trust Deed, I will have to find a lawyer/accountant to set this up…[Read more]

I was advised by my friend who is a tax accountant to set the Trust myself as he thinks it’s pretty straightforward, especially for me, who is also an accountant (but my accounting profession is…[Read more]

Thanks again!

Anton

@Benny thanks for your encouragement, this is definitely a lesson that I have learnt, to do my research before buying anything (an expensive lesson indeed!). Currently the 1 bedroom apartment is renting for $360/week. And the townhouse (3 bedrooms) is  renting for…[Read more]

That’s a good question. It seems silly but to be honest I don’t know what outcome I want.

Best possible scenario for me is to hold it until it increases in value and then sell it at break-even (I think I can afford to do the repayment for the next 2-3years). However, there is no guarantee that within that time period…[Read more]

My name is Anton and I am a new member of this forum. Desperately looking for an advice from the pros here please…

My wife and I have 2 properties (both yield negative cash flow).

1 property is a 1-bedroom apartment in Perth Postcode 6000 – though it has a post code of Perth CBD, it is actually not in the CBD itself but rather…[Read more]