when I purchased my 2nd PPOR while living in my 1st PPOR, I did not have enough income.
My 1st PPOR can return only 180$ a week while my 2nd PPOR can return 450$ a week.
The bank said they don’t care which PPOR I live as long as I can get a rental appraisal from either property that can support my servicing…[Read more]
Nobody likes ATO auditing.
Do you ?
Someone who had been audited, said ‘They (ato tax men) are bxxtxxd’. Even though you didn’t do anything wrong, you won’t feel comfortablw with them.
He said that in QLD, termites are every where. If he finds live termites, he classfies the risk
of termite attach as high (as opposed to moderate and moderate to high). Most of the houses
(more than 50%) will be in moderate to high category.
Actually , the property is currently tennated and will be -ve geared.
Asking Price : $300K (been on the market for 8 weeks)
The agent said “since tennated and leased until Jan 2004, it is difficult to sell it to owner occupiers”
I am also from Sydney. Last year, I went to Brisbane and purchased an IP there.
There were a few holiday apartments (in Cairns) advertised in Property Investor Magazine
For instance, Cameron Birds’ How to retire wealty. Most of the properties he recommends, are -ve geared and +ve cash flow.
If I can find out that Cairns is definitely…[Read more]
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They say tourism is starting to boom in Cairs and especially good time to invest in tourism props.
Why is it moving now? What has caused the market to move?.
I heard ( just general chat) that it is heavily based on the Japanese tourist market and any global events such as war etc will greatly effect…[Read more]
I did go the Logan area a few month ago.
Actually, Money magazine recommened the Woodridge area a few months ago. Woodridge is only a few Kms from Logan. The magazine said, the prop prices are very low in that area and infrastructure is very good. I was thinkg of buying there. But I did not have time to do the research either.
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I am both of those and I purchase through a structure to minimise the tax and maximise the protection. Even if I had to pay max tax…..I’m still making money.
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I presume you set up a family trust to minimise the tax. I beleive it is to minimise the INCOME…[Read more]