Ah,

Not quite… to see my thoughts on depreciation please visit:

https://www.propertyinvesting.com/depreciation

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

I’m saying the actual cashflow you receive is $20,000, but the amount of income that needs to be distributed to beneficiaries is only $10,000.

Bye

Steve McKnight

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Hi,

Yes. Here’s how it works…

Turst Income: $40,000
Trust Expenses: $20,000
Depreciation: $10,000

Nett Trust Income: $10,000

This nett trust income is then distributed to the beneficiaries.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Don’t just limit yourself to Sydney… good accountants are so hard to find, I’d be willing to go interstate to find one if I couldn’t source one locally.

Bye

Steve McKnight

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Remember that success comes from doing things differently.
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Tails277…

I’d really like to know what your wealth creation plan is.

If you feel comfortable, post it here and I’ll provide some feedback.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

I think that you have missed the wider picture of how to create positive cashflow returns and I certainly feel that you have misapplied the ’11 Second Solution’.

From my experience finding a deal that would be wildly cashflow positive based on ring real estate agents and applying the 11 sec solution is a gross under-exageration of what’s…[Read more]

Rob,

quote:SOME QUESTIONS: the satellite town – how can I find out if this is a good place or not?

Look at the population to begin with. If it is more than 15,000 then it is likely to be a good possibility. Is it contracting or expanding?

quote:- most properties that can be +ve are older – what are the maintance on such places? I was assuming…

[Read more]

Hi,

I’m in the modd to answer a few questions…

quote:1. When people say Market Value, e.g. “buy a property below Market value”, does this mean below the median price of the area? or have the property valued and buy it below that?

Market value is generally an expression of an unquantifiable figure of what similar properties are being sold for…[Read more]

Hello Chris,

Thanks for your post and welcome to the PropertyInvesting.com forum.

To answer your questions:

quote:1) How do banks view wrapping?

My experience is that if you walk in off the street then banks are not fond of wraps. If you have a contact though who is keen to write business and is further up the internal tree, then the outcome…[Read more]

Hi,

Crunch the numbers further…

At first glance it meets the 11 sec solution, but what are the management fees, vacancies etc.

Bye

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

I think your lender has it wrong. There is no rent. It is just like if Wizard had a loan on the property and then the client went to the NAB to be refinanced.

The NAB would look at “equity” in house, together with the normal loan approval checklist before saying yes or no.

Usually the loan will more than pay you out provided there has…[Read more]

Hi,

There have been some excellent quality posts in reply to your request.

My thoughts are that you need to determine what your outcome is that you are trying to achieve from investing (ie. capital gains or cashflow).

Deciding this will enable you to focus on particualr types of property investments.

Then it’s a matter of finding them, which…[Read more]

Marcus,

Thanks for your post.

If you have interpreted anything I’ve said to cast doubt on Burley’s integrity then I assure you this was not the intention.

However, being an Australian site and dealing with Australian issues, I feel it is relevant to point out that an offer made on an international website calling for (directly or indirectly)…[Read more]

Greetings!

A BIG Friday hello and welcome to the community []

Let’s see if I can help…

quote:My questions are, are there any loopholes on avoiding capital gains?

Well, first up, let me point out that you only pay CGT if you sell. I’d imagine that given the equity you have in your home and investment property you’d find securing finance a…[Read more]

Hi,

You could split them which would be advantageous from the perspective of maximising your interest deduction on your investment loan (since you are not paying any principal).

Why not? Unless the cost of swapping over to this new loan meant that there was little benefit in doing so.

On another issue… if you own your investment property in…[Read more]

Hi,

Thanks for your feedback.

This site was created in the hope that messages such as this one would be written.

Investing is not an outcome, it’s a journey.

When you feel like you are beginning to be re-educated and having your boundaries challenged then you are on the verge of a significant breakthrough.

It’s just an issue of when you find…[Read more]

Hi,

You should get legal opinion on this, but I’d imagine the offer is no unless you have a prospectus.

There are laws that regulate how public offers are made and I’d imagine that putting an offer in a paper certainly be classified as a public offer.

This raises a very interetsing issue. I have noticed that John Burley and Dolf De Roos have…[Read more]

Hi,

Check out:

https://www.propertyinvesting.com/strategies/flips

Bye

Steve McKnight

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Remember that success comes from doing things differently.
**********

Hi,

We are currently looking at upgrading the forum to a newer version and I’ll investigate the possibility of your recommendation being implemented.

Thanks,

Steve McKnight

P.S. Anyone else with a wish-list for the forum, please post it here!

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Hi Mark,

That sounds like a tall order… but if anyone knows of such as deal then post it here by all means.

We have been able to get 80/20 on residential commercial, but the interest rate is mid 6’s.

And that was put to us as an outstanding deal!

Bye

Steve McKnight

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Remember that success comes from doing things differently.
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