sushi03 replied to the topic Secrets to getting Top Price in selling Your Home! in the forum General Property 16 years, 8 months ago
sorry its really
Take it from someone who is there at the moment. I have a major unpaid default from a few years ago and never thought i would get a loan from any lender. But i am settling on a houe in November. the tricks are to have a good deposit, establish a good savings history,(in january i made a decision to put 10% of my pay in a savings…[Read more]
Well this is my situation. With settlement due on my first IP in November, I have spent thousands on books seminars etc, Which i knew i couldnt claim as i hadnt owned an IP yet. As i have set up a trust structure to buy Ip’s in i can now reimburse myself for the cost of the books seminars etc.
This is the understanding i have gotten from…[Read more]
I am a plastererand while the money is good the job stability isnt. i have been meaning to get into investing for a while now but didnt really have the confidence to get out of my comfort zone.
But thanks to all of you and especially Steve, Dave and the rest of the team, I managed to get out of that zone and am just waiting for my first…[Read more]
Just wanna add some thoughts to this. I am a plasterer working in the western suburbs in Vic. In the caroline springs, Deer park and Melton areas they have so many people lining up to buy new blocks of land to build on and sprc homes that they dont have a waiting list any more, what they do is they actually put all the names in a hat and…[Read more]
You could rent it out to the bereau of meteorology,
they might get some predictions right by replacing their weather balloons with your weather caravan!!!!!!!!!11
well the way i see it is if you dont claim depreciation you pay $12125 in CGT when you sell.
So overall CGT would be $12125
If u claimed $7k depreciation at the marginal tax rate of 48.5c in the dollar then you would save $3395 in personal tax per year over the 5 years
ie $3395 x 5years is $16975 in personal tax savings over the…[Read more]
Mm 2 cents worth.
I think its much better to leave rents where they are for a stable/longterm tennant.Then when they do decide to move on then increase the rental rate to the market value or whatever price you want.
Maybe ask your tennant that you need to increase the rent but in return you will do some improvement to the property. Kill 3…[Read more]
the best place to find out would be to send an email off to the state revenue office of victoria explaining your situation and get your answer straight from the horses mouth.
their web site is http://www.sro.vic.gov.au
Like a few people here i am pretty new to investing. I have been a member of this site for the last 5 months and just in the process of purchasing my first property.
My way of thinking is that i dont take depreciation costs into account in my number crunching.
To me thats the icing on the cake.
I prefer to see positive cashflow…[Read more]
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