appg2 started the topic prepare to change from ppor to ip in the forum Finance 10 years, 4 months ago
Hi All,
Thanks for your help with my other threads. I have decided to move out of own apartment to a rental for 6 months and think what to do in the time.
I am moving in 2 days and only now realised there maybe lot of things to prepare to change my ppor to IP. I have listed things I think are required but not sure I have got it right. Would…[Read more]
appg2 replied to the topic PPOR to IP: Intrst 100% tax deduc/offset by principal payments in previous loan in the forum Finance 10 years, 4 months ago
Thanks Terry, Tom
There may have been some withdrawals. I have to go back and find the statements :-(
I have to find an Accountant who can help this.
appg2 started the topic PPOR to IP: Intrst 100% tax deduc/offset by principal payments in previous loan in the forum Finance 10 years, 5 months ago
Hi All,
I think similar questions have been answered several times in this forum before but I feel my situation is a little different which makes me confused if I have understood the concept correctly. So posting another PPOR to investment question :-)
I bought my unit (400K) in Jun 2012 to live in and turn it to a investment property later when…[Read more]
appg2 replied to the topic First time renting out – Brisbane in the forum Help Needed! 10 years, 5 months ago
Are they different to a general tax accountant? Who do they normally charge? Are there any tips/advice to find a good one?
appg2 replied to the topic First time renting out – Brisbane in the forum Help Needed! 10 years, 5 months ago
I have noted that mostly this complex is rentals. Infact I havent met anyone who is a owner living in my block. We used to rent in the same apartment before deciding to buy here (mainly because we didnt know any other place, first home owner grant was running out and wanted to own something instead of just renting)
I kind of feel the onsite guys…[Read more]
appg2 replied to the topic Should I buy now or later or never? in the forum Help Needed! 10 years, 5 months ago
Thanks for the links Benny. I will go through them and start making some plans and share my plan to you guys and get some feedback.
Good advice on the offset and luckily I got it when buying 2 years ago and ever since have been 100% offset. Well almost. I refinanced one after buying the property to get a really low rate with a broker that was…[Read more]
appg2 replied to the topic Should I buy now or later or never? in the forum Help Needed! 10 years, 5 months ago
Hi xdrew, I definitely wont sell the property now as it hasnt appreciated more than 10-15K in 2 years. Rental income will be decent to cover the loan cost and expenses. So I guess I can just let it be and see how long I can keep it.
Thanks for encouraging to try different things. I need build my confidence up to try any of those and hopefully I…[Read more]
appg2 replied to the topic Should I buy now or later or never? in the forum Help Needed! 10 years, 5 months ago
sportz43, Thank you for the suggestions.
Sorry forgot to mention the name of the city. I live in Brisbane.
One problem I should have mentioned is that I dont know many suburbs in Brisbane even though I have lived here for 2 years :-( I havent started looking seriously as there were a thousand questions in my head. Maybe there is some gold…[Read more]
appg2 started the topic Should I buy now or later or never? in the forum Help Needed! 10 years, 5 months ago
I am 31. Work on salaried income. Bought an apartment that is our PPOR couple of years ago 400K.
Interest only Loan – 320K
100% Offset – 100K savings
Our daughter is growing fast and we need to move out of this tiny apartment as soon as possible. I never bothered to improve my knowledge on any type of investment like shares/property or anything…[Read more]
appg2 started the topic First time renting out – Brisbane in the forum Help Needed! 10 years, 5 months ago
Hi All,
First time poster and am not sure this is the right place.
I am looking for some advice on choosing property manager for lease
We bought our first apartment in Brisbane inner city couple of years ago and that has been our residence since then. With our daughter growing up, we feel the need for a bigger place and are looking to rent/buy…[Read more]