PropertyInvesting.com | tomjones | Activity https://www.propertyinvesting.com/members/tomjones/activity/ Activity feed for tomjones. Mon, 13 Apr 2026 16:37:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 4f0ecb024432f10f4d9cf78f6bc346c9 tomjones replied to the topic HELP in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365416-help/#post-4414117 Wed, 19 Mar 2003 12:44:54 +0000 Sorry if this an invalid idea, but…

Could you create a Trust and transfer the house to the trust, whereby you would then lease the property from the trust using a rental, or rent-to-buy, or lease option?

An idea, although I’m sure the Tax dept has a way of making this inappropriate.

Paul.

]]> fad49a2b4504bb1ba84bddd28dd85a18 tomjones replied to the topic Finding out Market Value for properties in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365408-finding-out-market-value-for-properties/#post-4414073 Wed, 19 Mar 2003 12:32:35 +0000 Thanks to everyone for their replies.

This is what I am currently doing: I have selected an area within the City I live (a very large area), and I have been researching the rental prices and the property sales for the last six months. But of course this doesn’t help me when I suddenly find a very interesting possible property.

So what I try to…[Read more]

]]> e46a7da230cfa3f34d5fbc54dd4938e3 tomjones replied to the topic Tax deductibility of due diligence expenses in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365401-tax-deductibility-of-due-diligence-expenses/#post-4414053 Mon, 17 Mar 2003 04:47:19 +0000 I just spoke to my accountant about the education expenses, and he said that technically you can’t claim unless you show they are used to bring in income. So if you don’t have an IP now then you can’t claim for them.

But he also said that you could factor them into the costs of buying your first property….

As for the other expenses, I’m not…[Read more]

]]> abb93f48eea45dbe5f61e00f4a4dc338 tomjones replied to the topic Tax deductibility of due diligence expenses in the forum No Subject https://www.propertyinvesting.com/topic/4365401-tax-deductibility-of-due-diligence-expenses/#post-4414052 Mon, 17 Mar 2003 03:48:44 +0000 Hi,

I was under the impression (although my accountant hasn’t confirmed this), that all education expenses are tax deductable as long as you purchase at least one IP before the end of financial year in which you occur the expense.

Does anyone have any definates on this? Steve (being the great accountant you are), any ideas?

Thanks.
Paul

]]> b67e57f760ae255d390c461c800b9b3f tomjones replied to the topic Finding out Market Value for properties in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365408-finding-out-market-value-for-properties/#post-4414069 Mon, 17 Mar 2003 00:55:46 +0000 Thanks AD, but I was more looking at the situation where you come across a property and you need to quickly decide whether or not to spend time/money looking at it as a possible IP. (i.e. How do you determine Rental levels for this area, how do you determine Approximate Market Value for the area, etc).

I understand the usage of a Home Price…[Read more]

]]> f054a42a36dc62648e506f32f59ac3d3 tomjones replied to the topic Inspecting towns and properties before buying in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365358-inspecting-towns-and-properties-before-buying/#post-4413835 Fri, 14 Mar 2003 01:42:23 +0000 The B,

Everyone whom I get advice from (i.e. established investors) always state that my first offer should always be at 20% less than market value.

What is your general feeling toward that?

Obviously I am concerned with alienating the Real Estate Agents, i.e. they think I’m a low baller :)… But with most of the properties I can find, they…[Read more]

]]> 85d6734ef117316169d6741edc99875c tomjones replied to the topic trusts for IPs in the forum No Subject https://www.propertyinvesting.com/topic/4365377-trusts-for-ips/#post-4413904 Wed, 12 Mar 2003 15:28:41 +0000 Hiya,

I’ve recently spent over $1k researching this topic with some senior taxation accountants at BDO in Adelaide. To be honest, it was money wasted because there was nothing that I learn’t which I didn’t really know (except that it takes an accountant $500 and three days to write up a simple transcript of a 1 hour meeting).

Anyway, I want to…[Read more]

]]>