Forum Replies Created
Hi Crucialx
Welcome to the forum.
Is there any software that manages the relationship between the tenant, landlord, and real estate agent?
I don’t think there are any relationship management web based applications for tenants, landlords, and real estate agents.
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auHi Dan
Jamie is the right man to talk to about your options.
For positive cash flow properties you can’t go wrong with an Interest Only loan + an offset account.
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auYield: 9.3%
Vacancy: 0.5%
Population: ~10,000Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auRight back at you :)
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auHi Lloydy
Welcome to the forum.
The council websites are a good place to have a look first. However the regional ones sometimes don’t have much information.
I would personally call them up or visit them in person and ask them. You can get a lot of info over the phone. Try to get hold of one of their town planners. They should be able to get you all the information you need.
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auIt could be but nonetheless it’s a good topic. It’s important to discuss supplements that can help us keep on top of our game. Property investing is not that easy.
I personally have been taking garlic pills for the last 3 years and since then haven’t gotten a cold or flue. Must be doing something.
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auYield: 12%
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auHi Nathan
That’s a tough one. Unfortunately no one will help you for free. Everyone has to earn their commission.
The best way to approach it is to work with and learn from the whose commission is based on making/saving you money (they only make money if you make money). In general these people will have your best interest at heart.
With everyone else be cautious and double check everything. Their figures and assumptions will be highly biased. Always do your own research and negotiate hard.
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auIn general the only people you can trust in property or business are the ones who make money if you make money.
Almost everyone else will sugar coat everything. Therefore the data they give you will be highly biased. You will have to do your own research to determine the risks and rewards involved and then decide if it’s worth it for you.
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auOk here is a quick example:
Cash Flow Income = Rental Income – Interest – All other expenses + Tax Refund
Taxable Income = Rental Income – Interest – Depreciation – other deductible expenses
If:
Taxable income (positive) = $1000 => Tax = $1000*.375 = $375 (tax payment)
Taxable income (negative) = -$1000 => Tax = -$1000*.375 = -$375 (tax refund)So it’s not the depreciation * 37.5%. And keep in mind that you can have depreciation but it does not guarantee a negative taxable income.
And yes you can include it in your calculation but I am trying to show you that other factors are more important.
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auTerry fully agree with you but Chris doesn’t have any non-deductible debt (at least not a PPOR) and neither did I say he should take out a P+I loan.
The main idea behind my post is to lower your interest payments and to differentiate between IO for negative gearing (where the aim is to not lower your interest payments) and P+I or IO + Offset account (where the aim is to lower your interest payments and increase your equity in the property).
Thanks
AndrewsuperAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auHi Corey
Good question.
According to the agent it’s $900 per quarter and includes water and electricity (apparently it’s already under contract too).
My rental estimation is conservative since the median rent for this area, for 1bed, is $300pw. Given the fact that electricity and water is included the rent will be higher than $300pw.
Also given the fact that it’s located in Alice Spring I would think that the electricity cost would be high due to the required air con usage.
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auHi Daniel
Agree with Jamie. It’s not worth it from a financial point of view.
and if i get a residential tenancy agreement drawn up between the both of us will that help me if some thing went wrong even no iam not a agent?
Yes definitely. It is not a requirement to be an agent. All the forms are available online.
with the bond do i have to lodge it with residential tenancies bond authority ? or keep it and pay to the tennet once they move out
Yes you have to lodge it (based on QLD laws) and can’t hold the money yourself.
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auI would think that most borrowers would use Offset accounts over traditional P+I where your funds are locked in (unless you take out a new loan).
The main idea behind my post is to lower your interest payments and to differentiate between IO for negative gearing (where the aim is to not lower your interest payments) and P+I or IO + Offset account (where the aim is to lower your interest payments and increase your equity in the property).
I don’t see how you can “completely” disagree with it. :)
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auHi CRJ
That’s what I thought initially but this example on the ATO website says otherwise.
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auPersonally I would focus on positive cash flow properties (or neutrally geared) that have potential for capital gain in the future. Any surplus income should be used to pay off the loan to increase your equity. At the end of the day your goal is to pay off all your loans and generate income from the property.
Negative gearing for example relies on a lot of assumptions. The main one being that the property will increase in value. What if it doesn’t increase to the amount you expected it to? It does have its place when used wisely.
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auHi Ollie
Your CG = Market price of your PPOR when you moved in – Purchase price.
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auhttp://positivecashflowproperty.net.au/positive-cash-flow-properties/3626-palm-place-ross-nt-0870/
Price: $165,000
Rent: $290pwsuperAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auHi Diver
Welcome to the forum :)
I think that you might be approaching it from the wrong angle.
When you are searching for investment properties I would focus on the price, rent, vacancies, expenses and location of the IP first.
It’s also important to understand the difference between cash flow income and taxable income and how they are calculated. Depreciation is a deduction and will be included in your taxable income calculation. It can bring your taxable income to a negative value (taxable loss) where you will be entitled to a tax refund. However keep in mind that the tax refund is not equal to your taxable loss but to a fraction (your marginal tax rate) of your taxable loss. Therefore it’s important not to base your investment strategy on the depreciation deduction you can get.
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auYes I did not mention that they won’t use your gross rent but will apply a discount factor to take into account agent’s fees, council rates, strata levies, repairs and vacancies (which makes sense).
A general rule is 20% discounting but it varies between lenders. Best approach would be to approach different lenders and provide them with your financial statements for the last two years to show your profits.
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.au
