I think it’s feasible but most landlords hate the idea of pets. Also alot of strata by-laws prevent the keeping of pets so it could be a little tricky in that regard.

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

Hi Terryw,

I read the first two lines:

“If you leave your main residence temporarily, you may want that residence to be regarded as your home while you are away. This may be the case, for example, if you move because of a temporary job transfer, to study overseas or to take an extended overseas holiday.”

which suggested it had to be for some…[Read more]

to elaborate on the ATO – a bsaic example is say the only depreciable fitting was $5k worth of carpet, if you went in and replaced that in the first month of owning the property, you couldn’t claim a $5k tax deduction for carpet replacement as the ATO assumes you would have bought the property cheaper to compensate for it. If however you waited…[Read more]

Hi KP – fist I should point out I don’t actually have a Thornlie property, but am considering it. Purchase price say $180k, rental say $180/wk. so that is 5.2%, be conservative at 5%, with combined excellent cap growth prospects. There is also a shortage of rentals in these areas. Yes it’s negative, but we’re are talking city properties here with…[Read more]

Originally posted by Terryw:
I did something similar too. Did you know you get get the best of both worlds? ie rent out your PPOR, claim deductions and rent somewhere else(which would be cheaper) and still claim the PPOR CGT exemption for up to 6 years.

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

Terry I assume you…[Read more]

there are many interesting angeles to this idea. as Redwing said – the length of stay is important. It could be worth approaching some investors (or even mates – but keep it all arms length) to custom build a house for you and offer them a 7 year lease. Could even do that with a new house that has been fully built – many investors would jump at a…[Read more]

yes you are on a winner with Queens Park – Cannington has gone crazy and Queens Park / Kenwick and all around there will be next to really benefit.

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

Hi guys – the company that I worked for in my last position offered JV opportunities that are returning between 32% and 65%. There was nothing dodgy about it and your security was guaranteed as you owned a proportion of the freehold property.The borrowing for the project was secured by using that unencumbered property. It’s not a bad return for…[Read more]

Jars I can’t really see the problem – if the co (which I assume you own) is netting $750k and you are on at least $100k personally, surely you can afford the holiday home that will yield above ave cap gains and give some pleasure as well? And with that income why waste time buying poorly located CF+ properties – just stock up on the quality low…[Read more]

some choices…

* vendor finance
* sell something
* partnership
* sell it before you pay for it
* secure it with an option

just gotta use your imagination!

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

“There are pockets where the landing is going to be very hard,” he said.

once again… depends which market you are looking at. Perth took a breather around jan – apr but is set to run again – the threat of first home owners swamping the market on 1st July actually seems to be driving the market pretty hard now, contrary to my prediction that…[Read more]

renting is a bargain – not many other things in life are funded by the taxman!

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

be a little bit careful about renovating straight away… if you leave things as is and get a depreciation schedule you will be able to get a deduction for the fittings that are there over the course of the next couple of years. if you renovate straight away the ATO rules that your purchase price would have allowed for the shabby fittings i.e. it…[Read more]

actually this is what your typical sophisticated investor looks like – dont mess with him[cool2]

For anyone that hasn’t read Kiyosakis books I will save you a $100 and a couple of hours reading:

* your house is not an asset as it doesnt generate income
* you can be one of 4 things – wage earner,self employed, investor, business owner. Wages suck, be a business owner

* get out of your day job asap and make a buck – anything that makes a…[Read more]

Hi Tracey – I received your email re this and was all fired up. Then I realised it’s a Friday night… some of you really love this property stuff!!

I too will be interested to hear the answer on this one regarding regulated home loans.What they can do and what they would do is also two different things – similar to what the Japanese banks found – they couldn’t call in their loans as they would lose too much – better to let them tick along.

I have heard commercial loans are a piece of cake…[Read more]

this article is 4 years old – is it safe to assume that in those 4 years since the last test they have been unable to replicate the results? I would think that if they had it would be sensational news – but then look at the BSE debacle, and asbestos.

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

The biggest problem I see with this strategy is the tax – it no longer falls within CGT as you have now become a property trader and taxed at full marginal rates. Add on transaction costs and risk and a cooling market and and and….

well the fee may be fat but it may not be – maybe they just charge reasonable transparent hourly rates. I cannot believe the financial services industry is allowed to continue the way it does, with financial planners selling basically whatever the highest commission is on the day and many mortgage brokers putting people into loans with the…[Read more]