Total Members: 159,187

beancounter

  • beancounter replied to the topic Defense Housing investment properties in the forum Help Needed! 20 years, 1 month ago

    I agree with qwerty

    DHA take around 15% + GST

    One property sold in my area for $250K . Rent was $250.00 per week – 16.5% = $208.75per week.

    Annual Yield 4.34%

    Extra commission probably goes towards painting and carpeting.

    Cheers

    Beancounter

  • beancounter replied to the topic How to Choose an Agent in the forum Help Needed! 20 years, 1 month ago

    Sorry Guys

    Typo error 155 should read 15%

    I would be pushing my luck to get a premium of $155k

    cheers

    beancounter

  • beancounter replied to the topic Where are the bargain properties??? in the forum No Subject 21 years, 2 months ago

    Hi Shezian

    I am in agreement with you.

    From people with whom I have spoken with most agree that it is almost impossible to find a postive geared property. As a few forum contributors have noted they are out there if you look hard enough.

    I am now focusing on commercial property. I have come across an opportunity. 2 retail properties in regional…[Read more]

  • beancounter replied to the topic What’s your profession? in the forum The Treasure Chest 21 years, 3 months ago

    HI fellow property tycoons

    Interesting to see backgrounds of forum contributors.

    Im curious why there are no real estate agents or rental property managers.

    Cheers

    Beancounter

  • beancounter replied to the topic Regional NSW in the forum The Treasure Chest 21 years, 3 months ago

    Hi Dennis

    If Wagga is anything like Albury, there is minimal vacant land close to the CBD. As a guide a 800 sq metre block with an older type house in Albury will set you back anywhere bw 180K & 250K

    You wont get your positive cash flow when you build your townhouse.

    Hope my comments assist.

    Cheers

    Beancounter

  • beancounter replied to the topic COMMERCIAL PROPERTY INVESTING in the forum The Treasure Chest 21 years, 3 months ago

    Hi Stanford

    Congratulations on owning your own home and rental property.

    Unfortunately I am not in the same position as you just yet but my 5 year goal will get me there.

    I agree with the idea of commercial properties. I have been unable to find positive geared rental properties. Over the past few years I have been focusing on CommercialRetail…[Read more]

  • beancounter replied to the topic Skeptics in the forum The Treasure Chest 21 years, 3 months ago

    Good evening Magnum

    I can relate to your concerns.The decision to take another crack at an investment after previously failed investments is not easy.

    In my case a failed business with a shonky partner really dinted my confidence not to mention my hip pocket.

    Next I tried the share market purchasing Blue Chip shares. Whilst dividends were great…[Read more]

  • beancounter replied to the topic What to do ??? in the forum The Treasure Chest 21 years, 3 months ago

    Harrymak

    Congratulations you have an asset that most of us dream about. Will you adopt me??

    Derynaka is absolutely 100% correct do not sell this property. If prices in your area increase at 5% per year you are getting a tax free gain of $45,000 per year. That equivalent to around $60,000 gross.

    Property investment boils down to what your life…[Read more]

  • beancounter replied to the topic Depreciation schedule in the forum The Treasure Chest 21 years, 3 months ago

    Good evening fellow property tycoons

    Rod is on the right track

    My understanding of the example given is:

    Capital Gain $50K cgt tax rate (48.5% * 50%)= $12,125

    Recouped Depn $35K @ marinal rate of 48.5% = $16975

    Total tax payable = 29,125.

    My preferrence is not to claim depreciation at all. Whilst tax breaks will be gained over the years…[Read more]

beancounter

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