Hi,You've made a good first draft. Some comments to help you improve include:1. Headline needs to be shorter and punchier. Example: Hands Up If You Want A Great Investment?Remember the headline exists to attract attention and to help you stand out from the noise.2. Hmmm – not sure I would use your first line as a leader. What if I'm not…[Read more]

Hi,I recommend you read this site: http://www.propertyinvestment.net.au/tax-deduction.htmStamp duty is a capital cost and added to the value of your property. Lender's mortgage insurance is a borrowing expense and can be written off over the shorter of the life of the loan or 5 years.Cheers,

Hey Jason,Welcome back to the site.Okay, some ideas for you…1. Do you remember who your solicitor who handled your purchase? S/he will have a file in archives that they can pull and find out the information. 2. You should be able to get the rates you are after by getting in touch with the NSW Office of State Revenue. Their contact number is…[Read more]

Hey Jim,Sounds like a golden goose deal. Well done.You would be best to see an accountant here, but I think that provided you bought the property as an investment with a goal of making a profit then the fact that it has gone up so much in value provides a reasonable argument for claiming the interest on a loan used to buy that investment…[Read more]

Hi Dan,My first comment involves making sure that you use the right terms when dealing with the bank/lender. The situation that you describe above is not vendor financing. What you have described is a second mortgage arrangement.Vendor finance as such is a form of funding where the seller (vendor) holds some or all of the sale price back in the…[Read more]

Hey there Emily.How did the conference go?I'm actually attending an internet marketing conference in Canada right now!I agree that reading books is the best place to start… that's what I did.I'd also make a start with some tentative investing, and if it's related to the stockmarket, get your hands on Louise Bedford's books.Property is more…[Read more]

Hi,Forgive the technical terms, but…You can claim the depreciation on your investment properties as a deduction against your assessable income, thereby reducing your taxable income.If you like, the amount of your tax shield is: Depreciation Claim * Average Marginal Income Tax Rate.Let's look at an example to flesh this out, assuming the…[Read more]

Hi,Thanks for your questions about RESULTS. I'll try to answer them.1. About RESULTSSome years ago I became aware that people desired more than just a seminar. After careful planning we released the RESULTS mentoring program where participants have access to an experienced property investor to coach/support and mentor them over 12 months.We don't…[Read more]

Hi L,The first four weeks are self-study rather than facilitated.In terms of feedback… I recently put a video together which may be of interested. You can watch it for free at:https://www.propertyinvesting.com/results2008prereg2Cheers,

There may be some stamp duty savings if you buy it as your first home.Investigate possibilities using the internet according to your state authority (e.g. it would be the State Revenue Office in Vic).Cheers,

Hi Shelley,I suggest you read the books as written by people you want to emulate. Everyone is different, and there are many ways to make money from property. No one is right or wrong.My advice is to think about 4 points:1. Get a vision for what you want from your property. No point being a guru with 1000 properties if you go broke!2. Make a plan.…[Read more]

Hi,Quick-turn relates to quick turnaround property projects where you get in, add value, and get out thereby banking a profit. Quick turn is b/w 6 – 18 months depending on the project.While some types of commerical property will be risky in a downturn, I'm not talking fish and chip shops… I'm talking about blue chip property that is leased to…[Read more]

Well, you could approach the vendor's and ask them to give notice during the settlement period. You may have to indemnify them against any lost rent though.Otherwise, the day you settle issue the notice to vacate.Cheers,

Hi,There seems to be a NSW industry body for architects who I would approach as a first step. Their web address is: http://www.architects.nsw.gov.au/home.cfm?smenu=3Be wary though – you want an adviser who is cost conscious rather than looking for a project to show off his/her flair at any price. You may be better of with someone just starting out…[Read more]

Hi,First up, I'm not a lawyer, so this information is to the best of my knowledge. I recommend that you pay a professional to test its accuracy.Vacant PossessionAssuming you bought the property on the basis that it was to be vacant at settlement, you have just cause NOT to settle on time. Rather to defer settlement until it is vacant or discount…[Read more]

Hi,Welcome to the forum and thanks for you post.You can certainly sell your right to the finished product, and this is an everyday transaction.  That is, you are not selling the property so much as the right to the property once it is finished.Some things to be aware of though are:* Is there a rental guarantee? If so, how much and what are the…[Read more]

Allan,Some thoughts about investing in the US:1. Indirect ownership may be a good option, however remember it will be the quality of the management as much as the quality of the property bought that determines the return.2. Direct ownership in the US poses some problems for non-residents. Chief among them is the ability to borrow without a social…[Read more]

Hi,It certainly can – on at least two fronts. In answering I have assumed that it is an easement in favour of water/sewerage.Generally, an easement is a right to access a property to the favour of another person. Common easements include access for power, water, sewerage, or for access to another property.To answer your question then…1. An water…[Read more]

Hi,I think legal advice is your best bet for the most accurate answers. I recommend you try:Lewis O'Brien & AssociatesSuite 4310 Whitehorse RoadBALWYN   VIC   3103P:  03 9888 6388However, I can offer my help but remember I am not a lawyer and this is not legal advice.

Quote:
Is it wise to buy a property with out seeing the section 32 or read…[Read more]

Hi,This might be a tough ask!  International tax is a tricky area, and if you want UK expertise then perhaps your best bet is one of the larger accounting firms. You may pay a lot, but if it helps fill in the gaps then it will be worth it.He's not in Perth, but my accountant Mark Unwin has knowledge of the tax law as it pertains to offshore…[Read more]